LeasePlan Germany has announced an expansion of its partnership with BCA.
BCA will now be exclusively responsible for providing wholesale market valuations and remarketing trade-in vehicles for LeasePlan’s German-based retail used car outlets, in addition to the ongoing programme of end-of-lease sales.
BCA is using its MarketPrice service to simplify the whole trade-in process and reduce sale risk for LeasePlan’s retail used car operations. LeasePlan appraises the trade-in vehicles and BCA uses this information to provide a precise wholesale valuation within minutes.
Once the deal is concluded, BCA arranges for vehicles to be collected and sold through the programme of regular sales held at the BCA centres in Nuremberg and Neuss.
LeasePlan’s retail used car operations now can offer a swift and accurate valuation on part-exchange vehicles which benefits their customers at the point of sale, with the peace-of-mind that part-exchange vehicles are valued in line with current market expectations. In addition, LeasePlan has gained further transparency in the remarketing of part-exchange stock, with a complete audit trail for every stage of the process.
Peter Dietrich, European sales director at BCA said: "We are delighted that Leaseplan has decided to further develop our commercial relationship by adopting the innovative BCA MarketPrice product into their remarketing strategy for part-exchange vehicles."
"BCA MarketPrice has completely convinced us," said Wolfgang E Reinhold, senior vice-president for car remarketing, operations and procurement at LeasePlan Corporation NV adding: "It gives us confidence that the vehicles we take in part-exchange are valued accurately which gives us additional flexibility within our retail used car operations. The subsequent transparent remarketing gives us additional security and offers many benefits to our core business."