Cox Automotive has highlighted the opportunities for fleets and leasing companies to evolve their business models and invest in new partnerships, in its 2020 Automotive Insight Report.
The months of strong performance in the used car re-marketing sector appear to be coming to end as the market begins to soften at the end of 2020.
The facility will operate 24/7, delivering a full range of BCA’s services, including defleet and logistics, vehicle remarketing and imaging.
After two consecutive quarters of decline, the UK’s used car market increased by 4.4% in Q3, according to new data from the SMMT.
BCA’s online car retailing platform cinch has secured a £50m finance facility from HSBC and Natwest to boost its inventory
Used car values dipped by 2.1% in October – the first fall since March – and look set to fall further, according to new data from at Cap HPI.
BCA continues to extend its online sales programme, with the introduction of a new weekly evening sales event.
BCA has transformed its cinch business into an online retail platform, offering more than 4,000 used cars for sale with home delivery.
BCA is reporting that for the fourth consecutive month average used car values remained above £8,000, with sold volumes also rising.
Andrew Mee, head of forecast UK at Cap HPI, sets out the forecast for used values next year and beyond.
Arval UK is launching a new consumer-focussed used car website just as LeasePlan confirms it has closed its UK CarNext operation.
The remarketing sector says the ongoing impact of Covid-19 and uncertainty around Brexit are making planning beyond the short term "almost impossible".
Copart UK is increasing its vehicle storage capacity, with an ambitious growth programme underway to allow strategic development and expansion across the UK.
BCA is extending its selling programme with the introduction of a new online sales programme starting tomorrow (Saturday, September at 19) at 9.30am.
Average used car values exceeded £8,000 for the third month in a row in August, with sold volumes continuing to rise, up by 3.9% over the month, reports BCA.
The average sticker price of a used car grew by 4.6% to £13,888 in July, marking the fourth consecutive month of price growth, according to data from Auto Trader.
Manheim Auction Services and Hitachi Capital Vehicle Solutions (HCVS) are hosting an exclusive online event on Friday, July 10, featuring a rang of quality cars and hand-picked heavy goods vehicles (HGVs).
Businesses are being advised to review their vehicle remarketing strategies to ensure they are prepared should lockdown measures be reintroduced.
Used car values for models less than two years old have dropped in June while prices for older, cheaper cars have risen, according to Cap HPI.
There are some encouraging signs that the used car market is performing well since lockdown restrictions were lifted.
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