Fleets urged to stagger vehicle returns to help lessen the impact of coronavirus on used car values, while dealers are warned not to cut new car prices.
BCA has released valuation insight covering the post-lockdown period highlighting that used car values and demand from professional buyers have steadily risen.
Hitachi Capital Vehicle Solutions says the industry will have to ‘knuckle down’ if values are to be achieved in a post-pandemic used car market.
Covid-19 is set to transform the used car market, with more vehicles being sold online at the expense of physical sales.
BCA Valuations reports that pre-sale valuations averaged 100.2% during the first weeks of the Covid-19 lockdown in virtual used car sales.
Manheim will be recommencing an auction programme from Tuesday, May 12.
Members of the BCA human resources (HR) team have set themselves the target of covering 1,948 miles to celebrate and fundraise for the NHS.
Used car values have fallen by 2.2% this month as retail and trade demand is affected by the Coronavirus crisis, according to Cap HPI.
BCA sales has announced all vehicle auctions will go online only to ensure the well-being of customers and staff in relation to the ongoing coronavirus crisis.
BCA’s Buyer app has received a major update with the introduction of a new digital ‘Sale Day’ catalogue.
BCA sold a record-breaking 1,100 vehicles on behalf of Volkswagen Financial Services (VWFS) at its Perry Barr site on January 21.
The average values for fleet and lease, and dealer part-exchange vehicles rose to record levels at BCA in December 2019.
Group 1 Automotive has signed a new and exclusive deal with BCA to support its used car programme.
Fleet and lease values averaged £12,181 at BCA in November 2019, the highest average value on record for fleet stock.
Additional stock will be available 24/7 over the Christmas holidays via BCA Bid Now and Buy Now, with new stock added every day.
BCA is reporting significant buyer interest in a new fortnightly auction of electric vehicles (EVs) and hybrids.
BCA selected for Ancaster Group remarketing plans.
Average used car values at BCA rose to record levels in September 2019, as buyer demand surged after the summer holiday period.
BCA has released a major change to its Buyer app with the introduction of live bidding from mobile devices.
Partnership to remarket ex-lease cars, CVs and de-fleet inventory extended to end of 2023
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