Fleet remarketing - Page 37

New emissions rules could spell unforeseen costs for operators - sparking caution and lower residual values in the used market.

Manheim is to close its Middlesbrough auction centre following a review of its physical auction infrastructure to meet the expected challenging market conditions of 2012 and beyond.

Manheim’s latest monthly Market Analysis for Vans reveals that average wholesale used van values fell by just 1.3% (£54 to £4,013) in 2011 despite a significant increase in average age of nine months to 59 months and an increase in average mileage of 11,889 miles to 82,445.

BCA’s latest Pulse data shows average LCV values fell slightly in December, largely due to the combination of reduced demand in the run-up to the Christmas period and the shorter trading period.

The Vehicle Remarketing Association (VRA) has announced its final speaker line up and key topics for discussion at its conference to be held at the brand new Silverstone Wing, Silverstone Circuit, on February 9.

Aston Barclay has completed the purchase of the former four and a half acre site previously occupied by Motor Auctions Leeds in a multi-million pound deal.

BCA has made two key appointments in the specialist commercial vehicle sales sector, with Dominic Burr appointed as auction manager of BCA Measham Commercials and Charles Sheffield taking up a new role as group senior commercial auctioneer.

Manheim’s auction centres throughout the country are reporting an unexpectedly strong start to 2012 with large numbers of buyers turning out both in the auction halls and online, lively bidding reported by the auctioneers and high prices achieved.

Average used car values improved by £250 (4%) in December, with the bulk of the increase felt in the fleet/lease sector where values increased by £270 (3.6%) to £7,658 - the highest monthly average figure since January 2011.

The Jardine Motors Group has jointly appointed Manheim to implement its remarketing strategy in 2012.

BCA has confirmed that it is transferring business from its centres in Newport and Tewkesbury to the supercentre at Bridgwater just off Junction 23 of the M5.

Average wholesale used van values increased by 2.6% (£104 to £4,063) in November compared with November 2010, according to Manheim Remarketing’s latest monthly market analysis for vans.

The Fleet Auction Group (FLAG) has confirmed the renewal of two solus remarketing agreements for 2012.

Online sales of used vehicles within the UK’s B2B sector will double in the next five years according to Autorola.

With the market entering a traditionally quieter spell in the run up to Christmas, the Vehicle Remarketing Association (VRA) is reporting continuing stable trading conditions.

The Vehicle Remarketing Association (VRA) has announced its 2012 conference will be held on February 9 at the new Silverstone Wing, a state of the art conference facility within the famous Silverstone motor racing circuit.

The National Association of Motor Auctions (NAMA) will launch a standardised grading system for the condition of used cars in the first quarter of 2012.

Manheim Remarketing is warning that the impact of the introduction of the new Low Emission Zone by Transport for London in January should not be underestimated following a report by the Society of Motor Manufacturers and Traders.

The real cost of damage when LCV's are sold is rising according to new data released by British Car Auctions (BCA).

Online remarketing channels are opening up ex-fleet stock to buyers across the globe according to Autorola UK.

Average wholesale used van values increased by just 0.5% (£22) to £4,037 in October, average age increased by one month to 59 months and average mileage went down by 948 miles to 78,723, according to Manheim Remarketing’s latest monthly Market Analysis for Vans.

LCV values continued at exceptionally high levels as October recorded the second highest average monthly value for 17 months, according to BCA.

The used vehicle market has remained quite strong through October into November with increasing stock levels providing a good mix for what continues to be fairly healthy demand, the Vehicle Remarketing Association (VRA) reports.

Focused on generating increased returns for end of fleet vehicles and creating an alternative source of stock for used car dealers, refurbishment, logistics and remarketing specialist, Intertechnic has added an online auction business.

Manheim Auctions, Colchester welcomed 1,086 buyers as 1,100 Lex Autolease vehicles went under the hammer last Friday.

The new Volkswagen Amarok pick-up enjoyed a successful auction debut recently during a closed sale at Manheim Auctions, Bruntingthorpe.

The National Association of Motor Auctions (NAMA) has reported a significant, but unsurprising change in the used car market with a stark contrast in price movements between September and early October.

Strong demand for quality used vehicles, including LCV’s, across all sectors is driving wholesale auction values to fresh highs, according to online auction, CD Auction Group.

The used vehicle market in September and into early October has been quite strong with values reflecting reasonable retail demand against the continuing relative shortage of stock.

British Car Auctions is warning motorists that 4x4 values have already started to rise - and will climb further as Winter weather takes hold.

As predicted, the combination of supply issues and seasonal demand in September saw values climb for the second month, according to BCA’s latest Pulse report.

Manheim Remarketing has launched eAuction for registered trade buyers, offering up to 150 fresh used vehicles every Monday afternoon.

Avis and Arval have joined forces to resell their used vehicles on MotorTrade, the internet platform developed by Arval. Together they will release over 180,000 used cars into the European market every year.

Average LCV values reached their highest point for 16 months in September, as the combined effect of stock issues and high demand saw values rise sharply, according to BCA.

One of the biggest ever one day auctions for a single vendor will take place on Friday, October 28, at Manheim Auctions, Colchester, when more than 1,100 Lex Autolease vehicles will go under the hammer at the four-lane auction centre.

Average wholesale used van values increased by 3.8% (£146) to £4,015 in September despite an increase in both average age and mileage, according to Manheim Remarketing’s latest monthly Market Analysis.

Average used car wholesale values increased by 5.4% (£353) to £6,912 in September - the first increase since April - and overall values in the fleet sector were up 3.5% (£209) to £6,154, according to Manheim Remarketing’s latest Market Analysis for Cars.

Nearly 60% of motorists are driving cars in colours they don’t like according to a recent survey by Manheim Auctions.

Data contained in the 2011 Used Car Market Report published by BCA and written by Professor Peter Cooke, University of Buckingham, show that the used LCV market is facing a potential ‘black hole’ in supply in the years ahead.

Post-recession decline in new car sales could impact used car supply and push up average prices, according to BCA's 2011 Used Car Market Report.