Used car prices rose 8.8% month-on-month and 8.1% year-on-year at auction houses across the UK during July despite a lower first-time conversion rate indicating a greater level of available stock, NAMA has reported.
Volkswagen Financial Services UK will offer car dealers the chance to buy discounted cars and vans via a new ‘Last Chance to Buy’ online auction set up in partnership with epyx.
Used car prices declined by 1.8% at BCA auctions during July as a year-on-year increase of 5.5% continued to be credited to “strength in depth across the used car market”.
Manheim has signed a three-year partnership extension with Leasys UK, allowing collaboration on a national sales programme until at least 2021.
City Auction Group has appointed David Macklin as operations manager at its Rockingham remarketing centre.
G3 has won an exclusive remarketing contract with First Response Finance Ltd following a unique "Champion Challenge" tendering process.
Vantage Motor Group will remarket 6,000 used cars through auction houses in Donington Park, Prees Heath and a planned Wakefield ‘Mega Centre’ as part of a new solus remarketing deal with Aston Barclay.
Aston Barclay’s plan to “revolutionise the UK remarketing sector” could move a step closer to realisation with the creation of a new 70,000sq-ft car auction Mega Centre in Wakefield.
Sytner Group has donated £28,145 to the Ben chairty via an annual donation based on the number of cars sold through Sytner’s online trade-sales web site Sytner Electronic Auction.
The Vehicle Remarketing Association has warned car dealers to expect an unpredictable used car market towards the end of this year and into 2019 as the sector feels the effects of the switch to WLTP emissions test legislation.
Manheim auctions will see 6,000 additional commercial vehicles pass through its auction lanes after signing a solus remarketing deal with Arval.
Used car values at BCA auctions rose to their third highest level on record during June as nearly-new vehicle prices rose by 10.8% year-on-year.
BCA Brighouse is set to mark its 45th anniversary with a special week of used car sales in June.
Cazana has announced its first US remarketing partnership with the Robinson Advisory as it takes the first steps towards an expansion across the Atlantic.
LeasePlan has announced plans to maximise value from ex-lease cars by selling directly to consumer via a new online sales platform dubbed CarNext.com.
Auto Trader's announcement that it will bypass traditional remarketing of fleet vehicles via physical auctions in a move to sell directly to dealers has been welcomed by Cooper Solutions.
Aston Barclay has seen used car purchases completed via its Buyer App hit the £5m mark just eight months after the smartphone buying platform’s launch.
The National Association of Motor Auctions has reported that average used car prices at auction rose by 5% during April as “good wholesale prices led to well-stocked forecourts”.
Auto Trader will bypass traditional auction houses in a shake-up the fleet remarketing that will enable leasing companies and larger fleet operators to sell ex-company cars direct to dealers before the vehicle is de-fleeted.
The Vehicle Remarketing Association's annual general meeting will offer delegates access to expert advice on dealing with diesel “demonisation” and the fall-out from the EU's incoming WLTP emissions and fuel consumption test regime.
