Part-exchange vehicles posted strong performance at auction during March to deliver a boost to car dealers at the end of Q1, according to new figures from Cox Automotive.
Strong competition for used car stock saw prices rise by an average of 1.7% at auction, according to the monthly BCA Pulse report.
BCA has started the “major development” of its Nottingham remarketing and defleet centre with a new auction lane complex.
Manheim will continue to remarket vehicles for Santander Consumer Finance for the next three years.
BCA raised more than £1,000 for Royal Brompton & Harefield Hospitals Charity during the Motorline Mega Sale at BCA Paddock Wood on Wednesday, March 14.
Johnsons Cars has signed a three-year deal with BCA which will see the car auction specialist manage the remarketing of over 20,000 vehicles for the group.
BCA has announced the trial of a new mobile buyer app following feedback from its customer base, so customers “never miss an opportunity”.
Manheim has appointed former Jaguar Land Rover director Peter Bell to lead the remarketing business through its “next phase of growth and development” as its new managing director.
The average price of a used car sold at auction rose by 16.7% year-on-year in February, according to The National Association of Motor Auctions (NAMA) car auction data.
The average price of a used car reached its second-highest level on record for remarketing specialist BCA as demand remained high across its 24 auctions centres and online platform during February.
Aston Barclay has unveiled plans to expand its Westbury auction facility with the creation of a second hall after Wessex Garages and MotoNovo became new vendor customers at the site.
Aston Barclay has confirmed a £1 million investment into its Chelmsford auction site to increase its capacity and to install a twin turntable inspection bay.
City Auction Group is celebrating its three-year anniversary at the Rockingham auction facility with the launch of weekly sales following record growth last year.
Premium used cars struggled to achieve top values at auction as hammer prices painted a “subdued” picture during January, according to the National Association of Motor Auctions (NAMA).
The impact of motorists’ shift from diesel to petrol-powered vehicles could create a “culture shock” for used car retailers in two years’ time, the VRA has claimed.
CD Auction Group has rebranded Hudson Kapel Auctions as CD Salvage Auction, as it takes operational control of the business.
Used vehicle values rose by 7.88% as BCA auctions processed record volumes of car sales in its auction sites across the UK during January, its monthly Pulse Report has revealed.
Aston Barclay has reported that sales of diesel-powered ex-fleet cars have reached a two-year high value at its UK auction sites – indicating the fuel still holds appeal to traders and consumers.
Cap HPI has appointed Derren Martin as head of current valuations following the announcement that senior editor James Dower is leaving the business.
BCA Nottingham’s Top Car Sale showed further signs of strength in the luxury and supercar sector as online bidders accounted for 85% of its auction stock.
