A new remarketing deal agreed with BCA last year is to result in the closure of Lex Autolease's two Midlands-based used car supermarkets.
Latest figures from BCA show that the headline average value of used cars sold rose in February 2016 compared to January, with year-on-year values also rising.
A gradual softening of the used car market is prompting outright purchase fleets to take a fresh look at their disposal strategies, according to Chevin Fleet Solutions.
BCA has purchased vehicle preparation and refurbishment firm Ambrosetti.
Average sale prices for ex-fleet cars at Manheim auctions rose by 2.6% (up £184 to £7,132) in November.
The headline average value for a used car reached a record level in November, with BCA reporting another strong month for price performance in the used car market.
Used values dropped by 2.6% through November in a predicted seasonal slide.
Glass’s is reporting that the fastest selling used cars in November were value for money SUVs and crossovers.
The used car market has been performing strongly, according to BCA, with values rising across the board during October.
Manheim once again saw younger and lower mileage stock keep used van values relatively stable in September considering a 42% increase in year-on-year volumes.
Auto Trader data reports that September 2015's fasted selling used car was the 2013 Volkswagen Sharan diesel.
The average values for de-fleeted cars were up 2.2% (£159) in August, according to Manheim monthly sales data, and 1.4% (£103) above the same month last year.
Car dealers are backing proposals by the EU to introduce legislation to outlaw mileage correction firms by May 2018.
The trend for increasing personalisation of cars is creating a situation where the trade finds a growing number of models difficult to value and tricky to sell.
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