Fleet News

BCA’s VW Financial Services auction makes £12.6m

BCA VFS auction

BCA has announced that its auction of 1,000 vehicles from Volkswagen Financial Services made more than £12.6 million.

The Perry Bar sale held on August 21 was the largest physical entry by a single vendor on one day at BCA and attracted nearly 200 in lane buyers, with over 1,000 bidders on BCA Live Online.

All three physical auction lanes were running simultaneously, with Seat Skoda VW and Audi vehicles.

BCA’s chief commercial officer Craig Purvey said: “This was a record breaking sale event for the BCA and VWFS partnership, with over 1,000 vehicles offered for physical sale from one seller on one day.” 

The event sold over 950 vehicles, equivalent to a 94.5% conversion and an average value of 101.64% of CAP Clean.  Underlining the demand from buyers, sales proceeds exceeded £12.6 million with an average selling price in excess of £13,300..

VWFS’ general manager remarketing Martin Woollam: “BCA delivered massive buying power for this special, record-breaking sale with hundreds of buyers participating as the sale progressed. 

“There was confident bidding throughout the event, underlining that the combination of attractive stock and an engaged buyer base generates exceptional results.”

 

 

 

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