BCA has claimed that used car values have “steadily risen” during the COVID-19 lockdown period which prevented the majority of UK car retailers for trading.
Members of the BCA human resources (HR) team have set themselves the challenge of covering 1,948 miles to raise funds for the NHS during the COVID-19 crisis.
BCA’s UK-wide car auction sales will go online only from March 26 as the remarketing specialist “prioritises the well-being of customers and our people” amid the COVID-19 coronavirus outbreak.
BCA has revealed that the average value of a used vehicle rose 1.6% to a record £10,002 at its auctions in February as it praised the sector's resilience in the current COVID-19 coronavirus health crisis.
BCA is offering the next generation of used car remarketing talent a grounding in the sector through its in-house Graduate Development Programme.
Car dealers’ part-exchange vehicles reached record values at BCA’s auctions during January as the sector continues to compete for a wide range of vehicle stock to fill their forecourts.
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BCA sold more used cars through its auctions in a single January week than at any other time in its history as it got off to a strong start in 2020.
The average value of a used car offered for sale at BCA’s auctions declined by 1.2% during December, but maintained the month’s fourth highest value on record.
Group 1 Automotive will put up to 20,000 vehicles through BCA's auctions annually under a new exclusive remarketing contract.
A seasonal downturn in used car values as the holidays failed to impact sales at BCA and strong demand delivered a “strong month for used car activity”.
The used car remarketing sector “continued to strengthen” during August as the average price of a vehicle sold via BCA rose 2.9% month-on-month.
BCA displayed a Toyota Yaris in a giant shopping bag outside London's Kings Cross train station as the consumer marketing for its cinch online retail platform gathered pace.
BCA's wholesale used car market data for July shows drops in value for all market segments, with dealer part-exchange cars among the most affected.
BCA’s new online used car classified business cinch has signed 22 dealer groups and car supermarkets within a few weeks of launching.
HR Owen sold more than £1 million worth of vehicles in a single sale at BCA Blackbushe this month, a new record for the dealer group.
BCA has launched its cinch consumer-facing online classified with the promise of helping car buyers find, buy and selling used cars.
The volatility of used car values “started to ease” with a 2.2% average rise to £9,463 in June, according to the monthly BCA Pulse report.
The board of BCA Marketplace has given its backing to a takeover bid from private equity firm TDR which values the group at £1.9 billion.
