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.
Cooper Solutions has added to the scope of its FullAuction online auction site with the introduction of mobile bidding for dealers.
Cox Automotive has reported strong used car market in February, with average selling prices delivering year-on-year rises in both the wholesale and retail markets.
Used car prices rose by 11.2% year-on-year in February as buyers continued to compete strongly for stock despite rising volumes of vehicles entering the market, according to BCA.
Vindis has signed a new two-year exclusive remarketing deal with Manheim, continuing a five-year relationship that has seen around 4,500 vehicles sold per year.
Motorline has agreed an exclusive remarketing deal with BCA across its 43 sites as part of an agreement which will include the sale of 200 cars per week.
Vendors’ attempts to hold back stock for better prices in January led to disappointment amid high volumes and lower than expected values, the National Association of Motor Auctions has reported.
Strong demand and rising used vehicle volumes drove BCA Partner Finance to a record month, with over 500 units a day being funded throughout January.
Independent Motor Auctions has recruited a new commercial manager and shifted its sales ambitions following its acquisition of West Coast Motor Auctions.
Cox Automotive saw year-on-year increases in selling prices in both the wholesale and retail used car markets in January.
BCA’s 20-acre remarketing and logistics facility at Perry Barr was officially opened by the Lord Mayor of Birmingham.
TrustFord’s third annual One Penny Auction has raised £7,000 for official charity partner, Cancer Research UK (CRUK).
The National Association of Motor Auctions (NAMA) has reported a 0.4% decrease in first time conversation rates but a 2% increase in the average vehicle value at auction in December.
Aston Barclay has renewed its solus agreement with Cargiant in a deal which will see its site continue to handle the car supermarket’s part exchanges throughout 2017.
Record used car prices faltered as values for fleet/lease and dealer part-exchange vehicles fell during December, according to BCA’s Pulse report.
Average used car prices rose by 0.4% at auction during November as wholesale used car activity "cooled slightly" throughout November, reported the he National Association of Motor Auctions.
Fairfield BMW and Mini part-exchanges and overage stock will be remarketed at Aston Barclay’s Chelmsford site as part of a contract which sees cars sold at weekly auctions.
Average values stalled in November as rising volumes of cars put pressure on lower quality stock, creating “a two-tier market as volumes climb”, according to the latest BCA Pulse report.
Independent Motor Auctions has appointed a new sales director as it embarks on a period of recruitment following the acquisition of a Lancashire firm as part of its plan to expand.
Demand for SUVs saw a seasonal boost as wholesale and retail average selling prices for used cars rose in October, according to data from Manheim and Motors.co.uk.
