BCA has delivered further evidence of the soaring value of used vehicle stock for car dealers during September as average prices reached the highest level the remarketing specialist has ever recorded.
BCA will unveil a new back-to-back auction lane facility when it officially opens its redeveloped Nottingham site with a BMW Group remarketing event on October 4.
Used car prices reached their second-highest level on record at BCA auctions during August, with average values rising by 2.4% to £9,697.
BCA Marketplace executive chairman Avril Palmer-Baunack appeared on the pages of national newspapers over the weekend in relation to the payment of a £29m shares bonus branded ‘exceptionally disproportionate’.
Average light commercial vehicle ( LCV) values in June saw a 0.5% reduction in June or £39 to £7,463, according to the latest BCA Pulse figures.
Apax Partners has withdrawn its takeover bid to acquire BCA Marketplace.
BCA Marketplace has agreed a five-year Auto Services Solutions contract with BMW (UK) which includes its leasing business, Alphabet.
BCA Marketplace has boosted operating profits by 17.9% from £74.3 million to £87.6m in its annual results.
BCA Marketplace has rejected a £1.61bn takeover offer from London-based private equity firm Apax Partners.
A record week of used car trading got 2018 off to a strong start for BCA as the remarketing specialist experienced increased buyer demand in strong New Year trading.
BCA Marketplace has reported a 28.8% rise in revenues as the growth of WeBuyAnyCar.com and growing auction volumes took effect in the six months to October 1.
BCA Marketplace profit before tax boosted to £41.1 million and group revenue has increased from £1.2 billion to exceed £2bn.
BCA Marketplace plc has announced that Matthew Kelly has joined the business as group finance director.
BCA Marketplace has acquired the UK automotive services group Paragon Automotive and its subsidiary companies.
BCA Marketplace has announced its maiden financial results showing the volume of vehicles sold in its UK remarketing operation rose 7.9% in the year to April 3.
BCA has appointed Dean Hulse to head up its logistics operation as it bids to strengthen its team to support its “ambitious” expansion plans.
BCA has signalled its goal to deliver Pan-European supply chain solutions with the appointment of Konrad Zwirner into the new role of European strategic development director.
Stockbroker Zeus Capital Research has reiterated its stance on BCA Marketplace and says the market dynamics remain positive for the remarketing and automotive services group.
BCA has appointed Pendragon’s Tony Booth as managing director of its technical services division.
BCA has begun the re-branding of its former SMA centres with the official opening of its Leeds centre.
