Fleet News

BVRLA moves to boost used car values

THE British Vehicle Rental and Leasing is offering members a new disposal route for end-of-contract cars via Quality Assured auctions at BCA centres in a bid to boost residual values.

From November, BCA locations will hold separately branded 'umbrella' auctions of vehicles from full or associate BVRLA members.

Vehicles will have warranted mileage, registration documents and a full service history. MoT certificate, radio security code and master key will be included where appropriate. All cars will be prepared to an agreed standard before sale and sold on a BCA engineer's report.

John Lewis, director-general of the BVRLA, said: 'Ex-lease vehicles are among the most sought-after at auction time and this programme will give all members excellent opportunities for re-marketing. The residual value is a critical factor in wholelife costs and any service that can help at this critical time is to be welcomed.'

BCA customer affairs director Tom Madden said: 'We have worked hand-in-hand with the BVRLA to develop a sales programme that delivers all the benefits and low costs you might expect as a large volume vendor, while enjoying the flexibility that an open sale programme can bring.

'Even if you only sell one car a year, you still get access to a sales programme that gets nationwide sales support, advertising and promotion, with a loyal buyer base.'

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