Fleet remarketing - Page 15

A no deal Brexit is so close contract hire and leasing companies are now frantically reviewing what plans they have in place should the industry suddenly find it difficult to access the supply of key brands.

Large fleets disposing of thousands of cars and vans every year are becoming more trusting of automated methods of disposal and cascades are becoming much more widely used, according to epyx.

Aston Barclay has launched its Vendor Calculator to provide dealer and fleet vendors with real-time market intelligence “in the palm of their hand” during live auctions.

Vehicle auction company recorded an all-time high in vehicle sales, up 11% year-on-year in 2018, making it the firm’s most successful year since its launch in 2010.

Snows Group has appointed BCA to support its used car programme, with a new three-year contract.

Independent vehicle auction company, G3 Remarketing, has announced a record-breaking year for the business in 2018.

Average prices of diesel and petrol vehicles in the used car market rose to a record high in Q4 2018, reports Aston Barclay.

Eden Motor Group has signed an exclusive two-year deal with BCA to support its used car programme.

The total market value for UK primary car body repairs is expected to grow by 14% from £4.75 billion in 2018 to £5.43bn in 2023, a new report suggests.

Average downward movements were visible for each mainstream sector, with MPVs and SUVs the worst affected.

Average light commercial vehicle values rose during December at BCA, with the headline figure reaching £7,315, an increase of £169 (2.3%) over November.

New diesel car sales are falling so quickly that there could be shortages of them on the used market, says the Vehicle Remarketing Association (VRA).

Automotive Software Solutions (ASS) has announced a partnership with OviDrive, to help in its UK and EU growth.

Average used petrol prices rose 15.5% and by nearly £1,400 to £10,370 during 2018 according to an analysis of used cars sold online by Autorola UK.

Aston Barclay has announced its acquisition of Leeds-based Independent Motor Auctions at an event launching its new Wakefield ‘Mega Centre’ and the latest developments in its digital remarketing platform.

Average used car values rose by £275 (2.7%) to a record level of £10,141 in December as a strong month’s trading closed the year at BCA.

City Auction Group is launching an all-new dual lane, together with redeveloped inspection, valeting and presentation bays at its Rockingham facility.

The remarketing of electric and hybrid vehicles will be the focus of a Vehicle Remarketing Association meeting on January 23 at Fleet Auction Group, Coalville.

The BCA Buyer app offers mobile access to a range of used vehicles in the UK with the ability to search and track stock in real-time.

Economic uncertainties have helped make 2018 a strong one for auction sales and signs remain positive. By Dean Bowkett

More than 1,100 vehicles have been remarketed for one of the UK’s largest Vauxhall groups since May this year, achieving an average 91.8% Cap Clean.

Trend towards online sales grows with 41% sold via that channel, according to Manheim. By Dean Bowkell

Aston Barclay has employed the services of Amazon's Alexa voice recognition platform to share details of its auction programme to buyers in what it claims is a 'sector first'.

The growing demand for used cars, particularly diesels should encourage more fleet and dealer vendors to consider refurbishing stock prior to sale to increase their disposal profits.

Epyx says it is seeing evidence of a return to more regional-based remarketing in recent months.

Meridian Vehicle Solutions says there is high demand from retailers for showroom condition stock, effectively creating a new 'grade one plus' standard.

BCA Fleet Solutions has opened a facility for BMW UK to manage the appraisal and refurbishment of up to 55,000 vehicles a year.

Fleets are considering delaying disposal of their vehicles until the uncertainty surrounding WLTP is cleared up, says ADESA Remarketing.

Average light commercial vehicle (LCV) values remained strong at BCA as professional buyers competed both in-lane and online during October.

ADESA has opened its first strategic de-fleet centre in Newbury, Berkshire, as the remarketing company grows its presence in the UK.

The fleet industry has been left in a state of anticipation thanks to the October 29 Budget which offered little to sector.

The last few places are available for Vehicle Remarketing Association’s (VRA) free seminar, “The Challenges of 2019"

The average price of late and low used vehicle stock increased by more than £1,000 in Q3 2018 as the supply and demand for nearly new vehicles was impacted by WLTP.

Rapidly growing use of a tool that automatically prices used cars for online trade sales is prompting Epyx to develop an enhanced version.

Manheim is to provide inspection and reconditioning services to support ALD Automotive’s digital sales channel.

Average light commercial vehicle values at BCA climbed to the second highest point on record in September.

Used petrol cars reduced by an average of 1% in October, whereas diesels dropped by 0.3%, with consumers seeing the benefits of the economy and torque in diesel cars.

BCA has announced plans to expand its Scottish operations with enhanced sales programmes and Glasgow remarketing facility construction plans.

Used vehicle prices are being artificially inflated post-WLTP as competition hots up for ex-fleet and nearly-new stock, says Shoreham Vehicle Auctions (SVA).

As uncertainty rages in Westminster it spells good news for one sector of the industry. By Dean Bowkett