The National Association of Motor Auctions expects the market to “remain stable” after first time conversion rates increased by 3.8% in July.
The average value of a used car rose 1.8% across the board at BCA during July, with the remarketing specialist claiming that the market “reflected a good balance between supply and demand”.
Independent Motor Auctions will boost the quantity of its used car stock at its recently acquired Blackpool facility as part of a new agreement with Arnold Clark.
BCA Marketplace profit before tax boosted to £41.1 million and group revenue has increased from £1.2 billion to exceed £2bn.
The average used car selling price in the UK increased by 4.2% in June to £5,392, according to the latest figures from NAMA.
Perrys has renewed its exclusive remarketing relationship with Manheim for its part-exchange vehicles.
Manheim Online has broken its monthly sales record in May with a growth of 12.5% year on year.
BCA's monthly Pulse report stated that there were "no surprises" during JUne as the average price of a used car fell by just 0.74%.
Manheim has held what it believes to be the first vehicle auction at sea – an off-site sale for Citroën on No Man’s Fort in the Solent.
Manheim will launch its first double-block vehicle auction in September.
New Aston Barclay chief executive Neil Hodson has revealed that a focus on technology and a new remarketing site at Donington Park will drive the business forward.
Arval and Autorola have joined forces to run weekly online used auctions.
Manheim has sold a 1988 Ford Transit Mark 3 ‘spy van’ for what is believed to be a world record price.
Trade-to-trade online auction Dealer Auction is on course to sell over 80,000 part-exchange cars this year – a 13-fold increase in eight years.
Average used car values at BCA auctions rose above £9,000 for the first time ever as traders continued to bid strongly on a wide range of stock, BCA Pulse reports.
Independent auction group Aston Barclay has completed a £500,000 project to refurbish its Leeds auction centre.
Shoreham Vehicle Auctions and the Energy Saving Trust have teamed up to launch a series of EV training sessions which aim to educate the motor trade on all aspects of selling electric cars.
Aston Barclay has predicted that used diesel values are likely to remain consistent over the coming 12 months.
BCA’s monthly Pulse report has shown that used car prices rose by almost 13% year-on-year in March as values increased across the board.
First time conversation rates at auction increased in February by 2.6% to 83.4% - the rate was down by 0.5% on the same period last year.
