Stephen James Group, the London and Kent-based BMW and Mini dealer, has signed an exclusive three year remarketing renewal with BCA commencing in April 2016.
BCA has begun the re-branding of its former SMA centres with the official opening of its Leeds centre.
Completion of BCA’s 20-acre auction site at Perry Barr is set to begin two years of growth for the remarketing specialist.
Data from the major motor auctions shows that ex-fleet stock is failing to reach the values of a year ago, although dealer part-exchanges are faring better.
Wilsons Auctions has announced the acquisition of two auction facilities in the north and south of England, bringing its total national footprint to eight facilities.
BCA Marketplace saw its revenues increase by 20% to £525.8 million, but profits were dulled by its acquisition of SMA Group for £42m this summer.
BCA’s acquisition of SMA faces an in-depth merger inquiry unless it offers a solution to competition concerns in car auctions in Newcastle.
The majority of 17-24 year old used car buyers cite price as the strongest influence on their vehicle search, the highest percentage in five years.
Average light commercial vehicle (LCV) values increased by 1.8% to £5,607 in September month-on-month, reversing a two month decline.
BCA owned AutosOnShow.TV is launching a new marketing solution at the AM Digital Dealer Conference at Silverstone on Tuesday.
The value of used cars sales exceeded £45 billion in 2014 - an all-time high for the sector.
Average values for LCVs fell slightly to £5,544 in July from £5,587 in June, a fall of £43 (0.7%) over the month.
Average used car values rose by 1.9% or £154 in July, according to the latest figures from BCA.
A private jet crashed into the compound of BCA's Blackbushe motor auction on Friday, killing four people.
BCA Marketplace vehicle transactions are up year-on-year and its board says the company is performing “well” and “in line” with its expectations.
BCA Marketplace has appointed Tim Lampert as chief financial officer.
BCA Marketplace PLC has acquired car auction services group SMA Vehicle Remarketing Ltd for £42million.
A new company has been launched in London offering to deliver used cars to customers.
A new company has been launched by Avril Palmer-Baunack and investment management firm Marwyn that aims to acquire and develop large businesses in the automotive sector.
BCA Marketplace has stopped plans for an initial public offering.
