Fleet remarketing - Page 17

BCA has appointed David Banks as finance director of its international operations.

Cap HPI claims used car risk, while DVLA denies removing the previous keeper from the V5C should result in an increase in fraud.

Demand from dealers for nearly new stock is increasing thanks to long waiting times for many new cars, says Meridian Vehicle Solutions.

Petrol van sales have seen triple digit increase but demand for AFVs has slipped into reverse. By Dean Bowkett

Average values fell by £70 (0.9%) to £7,502, although this is the second highest figure on record at BCA.

The agreement will see BCA provide a full range of services from defleet, refurbishment, inspection and collection, inventory management and remarketing.

Records follow an increase in used car stock levels coming into the market during May and June which show no sign of abating.

Some petrol variants could have been bought as a used vehicle, driven 10,000 miles in the past 12 months, and then sold for more than the purchase price.

Values of fleet and lease cars sold through BCA in May fell slightly but remain the third highest on record, its latest Pulse report shows.

Trade body warns with little sign of demand for used diesels falling, it could result in a potential oversupply of petrol cars in the medium term.

BCA Marketplace has rejected a £1.61 billion takeover offer from London-based private equity firm Apax Partners.

Cazana has announced its first US reseller partnership with the Robinson Advisory, to support its expansion into the US market.

Industry data and technology company Cap HPI has led industry support for MEPs who have called for new legislation to combat odometer fraud.

City Auction Group has partnered with SVS Smith Vehicle Solutions to provide the movement of vehicles purchased from Rockingham to the Irish market, within five working days.

Hitachi Capital Vehicle Solutions has appointed Shoreham Vehicle Auctions (SVA) as its car and van remarketing partner.

Legislators’ bid to nudge drivers of older vans to move to cleaner diesels appears to have backfired. By Dean Bowkett

LeasePlan intends to launch its used car proposition, CarNext.com, in Q3 as it looks to maximise value from its ex-lease cars and grow its business.

Aston Barclay has seen used car purchases via its buyer app hit the £5m mark just eight months after launch.

Aston Barclay says growth in used car volumes in Q2 means a change of strategy is required to retain high conversion rates at auction.

Online remarketing offering aims to speed up time to sell, resulting in improved residual values (RVs) and cashflow.

Average LCV values have continued to climb to record levels in April 2018.

Fleet News editor Stephen Briers looks at how leasing companies are exerting greater control over the new car market

Average fleet and lease used car values hit a record high at BCA in April as demand drove rising prices.

April can be a fickle month for new and used cars sales with weather and holidays tending to divert the retail buyer accordingly.

Zero emission electric cars enjoyed a surge in popularity in the used market, with demand rising 33.8% to 2,927 units, followed by hybrids, which rose 14.1%.

Manheim saw strong demand from buyers once again in April, driving record-breaking average sale prices and conversion rates.

Aston Barclay has revealed that used fleet prices remained stable over Q1 2017 and the end of Q1 2018, according to its Used Market Insights report.

Impact of Worldwide harmonised Light vehicle Test Procedure (WLTP) and the ‘demonisation’ of diesel will be discussed by the Vehicle Remarketing Association.

City Auction Group has just announced 10 new nationwide defleet centres for LCVs to complement its remarketing hubs at Rockingham and Belfast.

City Auction Group has introduced 10 new nationwide defleet centres to complement its remarketing hubs at Rockingham and Belfast.

Manufacturers should make it easier to check which items of equipment need to be included with a used car or van that is for sale, says the Vehicle Remarketing Association

Shoreham Vehicle Auctions (SVA) has launched a used electric van training course for LCV dealer sales staff and fleet vendors.

BCA has sold over a million vehicles in one year in the UK for the first time.

For the second month running, average light commercial vehicle (LCV) values climbed to record levels in March, thanks to “exceptional” buyer demand, reports BCA.

Adrian Rushmore is leaving his role as editorial director at Cap HPI in September.

Prees Heath has signed a three-year remarketing contract from Santander Consumer Finance, nearly doubling the site’s size.

G3 has reported a 14% uplift in hammer value figures for the first quarter of 2018, and is on track to top £80 million in sales this year.

The contract extension will see Santander Consumer Finance vehicles processed through its new inspection and collection service and remarketed at the firm’s twice-monthly corporate fleet events.

February is usually one of the quietest months for sales, but this year the picture looks different. Dean Bowkett reports.

BCA has announced that Stuart Pearson will be promoted to chief operating officer Remarketing Division (COO), replacing Simon Henstock.