Fleet News

BCA breaks auction record

BRITISH Car Auctions has broken the record for the highest auction turnover and most vehicles sold in a single sale during an event at its Nottingham site on behalf of BMW Financial Services Group. All 513 cars offered from BMW FSG were bought, selling for £5.1 million.

Both the volume and turnover are UK auction records, BCA is claiming, with the previous highest turnover sale taking place in January last year, when a Jaguar event saw £4.7 million worth of cars go under the hammer.

The sale was attended by 332 dealers and trade buyers and featured a range of brands, covering Rover, Land Rover and BMW. BMW Financial Services Group remarketing manager Jeremy Raggett said: 'The sale values were well above current market and trade guide levels, but this event was not about hitting percentages, but more to do with acknowledging BCA Nottingham and our buyers with an exclusive opportunity.'

Among the prices achieved was a 99V Rover 416i XL four-door, with 16,500 miles, selling for £7,400 or 118% of CAP clean, a 98S Rover 216 Si, with 34,500 miles, selling for £5,900 (120%), a 98S BMW 318iSE, with 55,700 miles, sold for £14,000 (115%), a 99V Rover 416i XL five-door, with 10,000 miles made £7,700 (116%) and a 98S Rover 825 V6 Sterling four-door, with 34,500 miles sold for £8,000 (136%). A 97R BMW 323i Coupe, with 36,200 miles, made £13,700 (123%) and a 99V BMW 530D SE auto with 25,400 miles made £23,700 (114%).

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee