Manheim saw the lowest mileage ex-fleet cars for at least 12 months selling at its auctions in December, with vehicles sold having an average of 55,494 miles on the clock.
Aston Barclay has won an exclusive contract with Cargiant, which will see its Chelmsford auction site handle all of Cargiant’s part exchanges throughout 2016.
The National Association of Motor Auctions (NAMA) found that average sales price in November increased by 3.6% from the previous month – from £5,441 to £5,637.
Aston Barclay has teamed up with NextGear Capital with an innovative funding initiative designed to boost auction sales during some of the quietest months on the sales calendar.
NAMA has seen a 20% drop in volumes of vehicles under two years old in October, showing dealers are effectively managing near-new stock.
BCA’s acquisition of SMA faces an in-depth merger inquiry unless it offers a solution to competition concerns in car auctions in Newcastle.
Paragon Automotive has appointed Jamie Scott as its head of new business and strategy for remarketing.
Dealer Auction, the UK trade only online vehicle auction, has introduced video functionality for dealers to use with part-exchange stock listings.
The growing use of pre-registrations has yet to feed any significant impact into auction values or volumes, according to the NAMA.
Fewer LCVs coming to market did not equate to higher prices or even higher conversion levels in August, according to the latest NAMA analysis.
Manheim is planning to relocate its commercial vehicle specialist operation from Leeds to its 10-acre Shepshed auction site.
Average light commercial vehicle (LCV) values increased by 1.8% to £5,607 in September month-on-month, reversing a two month decline.
Stock funding provider Next Gear Capital has said dealers’ used car buyers are becoming increasingly “discerning” stock condition.
Sales of used cars at auction in July increased by 12.2% year on year and conversion levels rose to 80% from 73% in the preceding month.
Car owners that have kept their vehicle for over 10 years are coming back to the new car market due to strong PCP deals, according to Glass’s.
A private jet crashed into the compound of BCA's Blackbushe motor auction on Friday, killing four people.
Manheim is marking the Ford Transit’s 50th birthday with a fortnight of sale events from August 3 - 14 at its commercial vehicle auction centres and Manheim Online.
Used van prices rose by 5.7% (£259) in June compared to the previous month, while volumes were up by 38% over the same period in 2014.
City Auction Group have reported strong performance at the previous week's auction, with the firm selling 300 vehicles, at a value of a claimed £2.75 million.
Kar Auction Services has announced that its subsidiary ADESA (UK) Limited has acquired HBC Vehicle Services, headquartered in Canvey Island, England.
