Fleet remarketing - Page 33

Retail demand for used cars is stronger than at any time since September last year, according to CAP Automotive.

BCA’s French-based operation and its Remarketing subsidiary is reporting a record year in 2012 with substantial volume growth expected to continue with the opening of a new online remarketing centre in Nantes in 2013.

The Autorola Group expects its volumes to more than double over the next five years to 500,000 vehicles.

During January the average values of used LCV’s at auction across the board decreased from £4,700 to £4,315, equivalent to an 8% decrease between December and January, according to the Light Commercial Vehicle (LCV) market report from the National Association of Motor Auctions (NAMA).

In total, 775 Toyota and Lexus vehicles were sold in the first month of the new remarketing relationship with BCA.

The weather has had an impact on the remarketing industry since the beginning of January, particularly in the 4x4 sector, according to the Vehicle Remarketing Association (VRA).

CAP has launched version 2.0 of its vehicle pricing tool Valuation Anywhere.

BCA’s latest Pulse data shows average LCV values remained on a high in January, with fleet & lease values increasing and dealer part-exchange falling slightly.

Prices of de-fleeted cars at auction rose in January, coinciding with a drop in the average age of vehicles, according to Manheim’s latest monthly analysis.

Mark Jowsey,director – manufacturer liaison, KeeResources, on why there is a real risk of the UK becoming a dumping ground for excess production capacity.

BCA’s latest Pulse report shows that the headline average value fell in January from December’s high point, although this was largely due to a changing mix of vehicles, but values for fleet and dealer cars continued to rise in January.

CAP predicts new incentives to tempt retail customers into showrooms but admits the results will be a fall in used car values.

BCA Glasgow now holds a dealer part-exchange sale every Wednesday with up to 250 cars on offer from a variety of sources, including Peter Vardy, John Clark and Macklin Motors.

Demand for LCVs across SMA Vehicle Remarketing delivered a record sales performance and high conversions across the business inside of the first three weeks of January.

Shoreham Vehicle Auctions says there are signs online shopping trends could be rubbing off on the van market.

A 'slower than usual' start to 2013 gave way to increasingly brisk trading in the used car market as January wore on, according to CAP.

Kia Motors UK has awarded British Car Auctions a two-year solus contract renewal to deliver vehicle remarketing services.

Average used car was more than £6,000 according to British Car Auctions.

Manheim has rolled out a vehicle grading system for physical and online auctions in line with recent National Association of Motor Auctions (NAMA) guidelines.

Big spenders were still out in force in the used car market last year despite the tough economic conditions, according to new data on the most valuable cars sold in 2012 by British Car Auctions (BCA).

SMA is launching a smartphone application which will allow trade buyers to bid for SMA online stock, see the vehicles in the live sales, listen to important auctioneer announcements and hear bids as they join an online SMA auction.

BCA has been awarded a two year solus contract renewal to deliver vehicle remarketing services to Kia, following a tendering process.

Aston Barclay’s auction centres in Leeds, Prees Heath and Westbury were the best performers for Leasedrive last year while Prees Heath was top for Alphabet.

During December the average values of used LCV’s at auction across the board increased from £4,500 to £4,700, equivalent to a 4% increase between November and December, reports the National Association of Motor Auctions (NAMA).

The average values of used cars sold at auction across the board increased from £4,969 to £5,402, equivalent to an 8.7% increase between November and December.

BCA’s latest Pulse data shows average LCV values rose sharply in December in a short month for trading that was also very short of stock. Both fleet/lease and dealer part-exchange values improved month-on-month, establishing new market high points in the process.

Black Horse has launched a new ‘Care Pack’ designed to give buyers peace of mind for all vehicles sold at BCA from January 2013.

Staff and management at BCA Blackbushe are celebrating as the auction centre sold over 100,000 vehicles in 2012. It is the first time on record that any single auction centre in the UK has reached a six figure sale volume in a year.

Market analysts suggest fleets could lose more cash to depreciation in the next few years.

The average value for 4x4s sold at BCA during the fourth quarter of 2012 rose by nearly £2,000 compared to quarter three.

CAP Automotive has appointed Adrian Rushmore to the role of operations director as part of its drive for growth.

Autotrade-mail warns that fleet, leasing and contract hire operators who only use auctions to dispose of their vehicles may be compromising the values achieved.

BCA’s latest Pulse report shows that average values rose sharply in December in a short month for trading that was also relatively short of stock.

Autorola has launched a new online remarketing service aimed to help vendors speed up the sale of stock that hasn’t sold first time under the hammer.

The average price of a de-fleeted car at Manheim’s auctions increased by £1,056 in 2012.

Independent used car dealers are starting to improve their customer proposition to meet increasing level of competition from franchise dealers and car supermarkets, says RAC Warranty.

SUV, mini and supermini segments lead the increase in sales, but used MPVs fall for the first time since 2005.

The Ford Fiesta has been named ‘Used Car of the Year 2012' by CAP.

Customers are increasingly happy to buy used cars with higher mileages but want the reassurance of the right support products, says RAC Warranty.

Lex Autolease staged a ‘red carpet’ event at BCA Bedford on Friday with two auction lanes operating simultaneously with 500 cars and 4x4s on offer.