Fleet remarketing - Page 31

The Vehicle Remarketing Association has confirmed the final speaker line up at its 20th September conference being held at the Crowne Plaza Heythrop Park near Oxford.

A recent commercial vehicle sale at Manheim showed strong demand for two used AshWood hybrid Transits, with the vans achieving significant premiums over their standard cousins.

CD Auction Group has launched a redesigned version of its website as part of a £300,000 investment as the company gears up for more and more businesses moving their vehicle buying and selling online.

Non-maintained fleet and leased vehicles which are presented at auction without a full service record are losing up to £390 per vehicle and up to 5% of their value, according to G3 Remarketing.

The National Association of Motor Auctions (NAMA) van market report shows average values of used LCVs at auction across the board fell by 2% compared with June.

SMA Vehicle Remarketing achieved record sales for the week ending August 9, 2013 despite the fact that August is traditionally a quiet period.

Headline light commercial vehicle values climbed in July according to BCA’s latest Pulse report, although by only £6 compared to June values.

Manheim’s three dedicated commercial vehicle auction centres are the first in the industry to gain the Institute of Customer Service (ICS) ServiceMark site accreditation.

Mazda Motors UK enjoyed a successful return to physical closed auctions at Manheim’s auction centre in Coventry.

The latest National Association of Motor Auctions (NAMA) report shows that during July, the average value of used cars sold at auction across the board increased.

BCA’s latest Pulse report shows that the headline average monthly used car value in July declined by 1.8%, while fleet and lease values also reported a fall.

BCA and Harwoods, the southern prestige dealer group,have signed an exclusive remarketing deal that will see around 3,000 cars offered annually through a programme of sales staged at BCA London Enfield.

Wholesale used van values rise year-on-year, despite increase in average age and mileage, reports Manheim.

Prices of de-fleeted cars at auction fell in July, as the age and mileage of vehicles rose slightly, according to Manheim's latest monthly barometer of activity.

LeasePlan Germany has announced an expansion of its partnership with BCA.

The Vehicle Remarketing Association (VRA) has released details of its 2013 conference which is being held on 20th September at the Crowne Plaza, Heythrop Park, near Oxford.

There has been large increase in the number of dealers buying via online auctions, as confidence grows in this digital channel, according to G3 Remarketing, which disposes vehicles direct from fleet operators, finance houses and leasing companies.

The average values of used LCV’s at auction across the board fell by just £33 from £4,322 to £4,289 between May and June, according to the National Association of Motor Auctions (NAMA).

The average selling price of ex-fleet vehicles reached a yearly high of £7,368, according to Manheim’s market analysis report for June 2013.

A Yorkshire motor auction is celebrating its tenth year with growth boosted by recession-busting buying habits.

Headline light commercial vehicle values fell back for the second month running in June according to BCA’s latest Pulse report, although values remain well ahead year on year.

Manheim’s Market Analysis report for June 2013 shows that the average value of vans sold were 3.4% higher year-on-year for the period June 2012 to June 2013, despite average age being one month higher and mileage increasing by 683 miles.

Automotive service and remarketing company Manheim has taken a controlling stake in digital business Kingfisher Systems (Scotland) Limited.

A south west independent used car dealer has joined the recently launched RAC BuySure used car initiative.

The AA has launched AA Cars with the aim of offering dealers immediate access to the AA’s 15 million members as well as being visible to the millions of visitors to the AA’s own website, including the eight million who use the AA Route Planner very month.

BCA’s latest Pulse report shows that the headline average monthly used car value in June declined by just 0.6%, with fleet and lease values rising and dealer-part exchange values falling slightly.

Now into its third year, the Lex Autolease mega sale saw more than 800 vehicles sold through a brand repatriation concept.

Experian, the global information services company, has published its latest Used Car Sales Index, revealing the lowest first quarter sales figures since 2005.

Glass’s has launched an app for its spot pricing tool GlassNet Radar.

BCA Logistics has moved into new 10,000 sq ft premises at 3700 Parkside on Birmingham Business Park, with 110 staff transferring to the new premises from their current offices in Bordesley Green and Measham.

BCA is aiming to grow its business in the next few years confident that the new car market is returning to health.

Contract hire and leasing companies live or die by accurately predicting vehicle sale prices and while a ‘marginal tailing back’ of values from current levels is being predicted if the economy improves, a raft of uncontrollable influences means a precarious balancing act is being pursued.

Vehicle contract hire and leasing companies continue to enjoy a residual value windfall worth hundreds of pounds per van as sale prices show little sign of dropping from record levels.

This year is set to deliver the best value returns seen for light commercial vehicles for many years, although there are some claims that prices may have hit their glass ceiling.

Buyers are continuing to pay close to top dollar for de-fleeted top quality company cars, but experts are warning of a tightening market with investment in pre-sale repairs paying dividends.

Value of high quality, well-specced three and four-year-old company cars with less than 50,000 miles on the clock will continue to rise, according to auctioneer Andy Conde.

New car sales volumes are the ‘real elephant in the room’ in terms of predicting future residual values, according to Denis Keenan, managing director of automotive data provider KeeResources.

Britain’s car market has undergone a total uplift of baseline residual values in the wake of rocketing used car prices prompting possible concerns of buyer resistance.

Vehicle contract hire and leasing companies are enjoying a residual value windfall worth hundreds and perhaps thousands of pounds per vehicle as record used car prices makes a mockery of forecasts made in the depths of recession.

Lease vehicles are likely to witness increasing mileage as fleet operators emerge from recession.