Fleet News

Stock shortage means top prices

Lex Vehicle Leasing has taken advantage of the stock shortages in the market and sold a record number of units in one week, turning over more than £8.5 million in the process.

In 14 sales staged at various BCA sites over five working days in mid-November, Lex sold a record-breaking 1,355 vehicles.

The sales included a huge choice of makes and models from superminis to prestige cars in a wide range of age and mileage combinations. Commercial vehicles also figured strongly. Sales took place nationwide at Blackbushe, Belle Vue, Measham, Bedford, Walsall, Derby and Glasgow.

BCA’s national account manager, Simon Young, said: ‘Some switched-on corporate vendors have upped their volume throughput to take advantage of the demand from professional buyers. The push by Lex resulted in a record-breaking number of vehicles sold, thanks to the nationwide coverage provided by BCA and the loyal following of buyers for Lex product.’

Lex’s national remarketing manager, Ken Boothe, added: ‘We worked closely with BCA to deliver additional product through an enhanced sales programme and were delighted to achieve such a strong result.’

Pundits in the used industry have been saying for some time that there are shortages in the auctions halls and that canny fleet managers with cars to sell can take advantage of the market conditions to get top prices at the moment.

Earlier this year, Lex and BCA jointly announced the UK’s biggest ever remarketing partnership, with BCA handling 250,000 vehicles worth a conservatively-estimated £1.25 billion over a five-year period.

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