Autorola UK is set to become the European used car remarketing business’s largest operation after strong growth prompted plans to double its workforce.
Light commercial vehicle (LCV) values reached their highest point since July last year as the sector’s performance defied expectations during Q1, BCA has said.
Shoreham Vehicle Auctions (SVA) has accelerated its fund-raising for the Chestnut Tree House Hospice past £270,000 with a trio of charity car auctions held at the end of March.
Used cars ended Q1 with a third successive month of rising values at BCA auctions after what chief operating officer Stuart Pearson described as a “very encouraging start to 2023”.
Members of the Vehicle Remarketing Association (VRA) will gain insight from the Office for Zero Emission Vehicles (OZEV) head of vehicle policy at a meeting later this month.
Aston Barclay has partnered with the Energy Saving Trust to launch a new monthly electric vehicle (EV) auction - with an educational slant.
Wholesale prices for used LCVs averaged £9,851 at BCA in February 2023, with sustained buyer demand keeping values firm as the strong start to the year continued.
Competitive pricing will help drive demand for emerging Chinese electric vehicle (EV) brands when they reach UK auctions as used cars, according to Aston Barclay.
Dealer Auction - the digital wholesale marketplace - has launched a promotion aimed at encouraging independent dealers to sell stock through the platform.
Wholesale van sales volumes grew 6% year-on-year as Cox Automotive experienced a supercharged start for its light commercial vehicle (LCV) remarketing operations in the first two months of 2023.
BCA has reported that it expects used car values to “remain strong” after 1.7% month-on-month rise in February – despite growing volumes.
Used examples of Nissan’s Leaf electric vehicle (EV) have defied the recent slump in pre-owned EV values to top Dealer Auction’s Retail Margin Monitor rankings in February.
Car supermarket group AvailableCar has signed a five-year remarketing deal with Cox Automotive that will see 12,500 cars per year pass through Manheim auctions.
Limited supplies of zero-emission electric vans is creating “volatility” in a light commercial vehicle (LCV) sector experiencing a ramp-up in demand, BCA has said.
Aston Barclay believes the used LCV market is now set at its “new normal” until 2024.
Car retailers who suffered “significant pain” as a result of a recent slump in used electric vehicle (EV) values could soon be seeking out zero emission forecourt stock once again, according to Cap HPI.
The UK's used LCV market has got off to “a flying start” in 2023 as an easing of supply issues sees a glut of “pandemic worn condition” vans enter the auction halls.
Strong demand for Volvo’s XC90 and the Renault Kadjar in January singled the two SUVs out for praise in Dealer Auction’s Retail Margin Monitor analysis as Jaguar Land Rover (JLR) products continued to reign supreme.
Manheim Auction Services has raised a further £20,467 for children’s charity Make-A-Wish UK with a special auction of donated vehicles and other items.
Stellantis-owned Aramis Group has bucked the trend for used car refurbishing centre closure with the opening of a new 15,000 square metre facility in Hull.
