Fleet News

BCA denies claims over high-mile bid confusion

BRITISH Car Auctions has denied that there is confusion over the value of high-mileage cars as claimed by Glass's Information Services.

Vehicles are being remarketed at their true value according to the auctioneers, with fleets, contract hire groups, buyers and dealers all clear on the value of high mileage models.

Graham Smith, general manager at BCA, said: 'We have seen no evidence at BCA that there is any confusion over the value of cars with higher mileages, either among our buyers or our sellers.

'The auctioneers day-to-day experience of high mileage stock allows them to offer guidance on valuation and presentation that will ensure any vehicle reaches its true market value.

'There is no confusion or gambling at BCA, just thousands of cars, vans and trucks being remarketed every week whatever the mileage.'

Glass's claimed there was a stigma attached to vehicles over the 100,000 mile mark with significant price variations at auction.

  • Subscribe to Fleet News.
  • Get the news delivered to your desktop
  • 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