Diesel cars remain the UK’s fastest selling used cars and continue to buck the trend of declining values, Aston Barclay has told the BVRLA.
Used van dealers are returning to auction halls to inspect higher mileage and older vehicles prior to bidding.
Wholesale used car prices have declined for a fourth successive month at BCA remarketing centres across the UK as chief operating officer Stuart Pearson asserts “we have seen the market soften”.
Prices for used LCVs at auction have slipped below guide estimates as greater levels of stock enter the market.
Wholesale used car values declined by 5.9% in March as external economic pressures, the cost-of-living squeeze and the ramifications of the conflict in Ukraine ensured a “tougher” market for retailers.
The National Association of Motor Auctions (NAMA) has revealed its new strategy for 2022-23, which includes a focus on alternative fuels and electric vehicles (EVs).
Used car remarketing giant BCA has been fined £1.1 million and ordered to pay £97,000 after a car buyer was crushed by a Porsche at its Paddock Wood auction site in Kent.
Aston Barclay has been appointed as The Independent Motor Dealers Association’s (IMDA) official auction partner for 2022, following a “successful” first year.
BCA said that the wholesale used car market showed signs of moving towards a “more stable” footing after average sold values declined by 19% in two months.
Used car prices remain at all-time highs and retailers have been told they will have to "buy smarter" to remain competitive as the trend continues into 2022.
A stabilising of values in the used van market in recent months may highlight “what’s to come” for the used car sector, according to remarketing giant BCA.
Used car dealers are buying cheaper used cars at physical auctions as they search for ways to avoid the impact of limited vehicle supplies and soaring values, according to Shoreham Vehicle Auctions (SVA).
Used car values remained at their second highest level ever in a “frenzied” 2021 market at BCA’s auction in October, despite showing signs of “easing back” in the month’s latter stages.
Trade buyers will be allowed back on site at Manheim Auction Services' sites in Bristol, Manchester and Washington to help dealers source stock for their used car forecourts.
Aston Barclay achieved its strongest ever conversion rates in September, along with record prices.
Aston Barclay has enhanced its digital platform to enable finance houses to repatriate used cars back into franchised dealer networks.
The National Association of Motor Auctions (NAMA) has appointed Fleet Auction Group (FLAG) chief executive Andrew Walker as its new chairman.
Almost half of respondents to a recent survey by NAMA said they expect volumes of vehicles coming into auction to increase over the next month.
Aston Barclay has appointed Nick Franklin to its sales team as head of business development.
G3 Vehicle Auctions have appointed a new board of directors, alongside a group general manager, to oversee its next phase of growth plans.
