Used car prices declined 0.8% at BCA auctions during April despite demand for dealer part-exchanges sending their values to above £5,000 for the first time.
Cox Automotive has indicated that the used car market remains “strong” against the backdrop of falling new car registrations.
Dealer part exchanges saw a “healthy rise in prices” on the back of strong consumer demand and restricted supplies of older used cars caused by industry scrappage deals, according to Aston Barclay.
NextGear Capital has provided £50million in stock funding to hundreds of UK dealers thanks to a partnership with Dealer Auction.
The National Association of Motor Auctions (NAMA) raised over £14,000 for the motor industry benevolent fund (BEN) during its annual AGM in Lisbon, Portugal.
Aston Barclay’s SAS training partner company Break-Point has taken the remarketing firm’s marketing efforts to the ‘top of the world’ by planting a branded flag at the North Pole.
Car dealers turning to the used vehicle market amid falling new car sales have sparked at 9.4% increase in prices at auction, according to data published by Cox Automotive.
City Auction Group has announced the renewal of a three-year remarketing contact with Santander Consumer Finance's Belfast facility.
BCA has sold a million vehicles in the UK in one year for the first time in its history following a 1,000 vehicle BMW/Mini 'mega sale' at its Perry Barr remarketing centre.
G3 has credited a 46% increase in digital bids compared to the last quarter of 2017 to the launch of its mobile inspection and asset management application, AVID.
BCA has announced that Stuart Pearson will be promoted to chief operating officer for its Remarketing Division following the retirement of Simon Henstock.
Prees Heath announces 6.5 acre expansion following a three-year remarketing contract from Santander Consumer Finance
Cox Automotive has announced the promotion of Kieran TeeBoon to the post of managing director at Dealer Auction.
Part-exchange vehicles posted strong performance at auction during March to deliver a boost to car dealers at the end of Q1, according to new figures from Cox Automotive.
Strong competition for used car stock saw prices rise by an average of 1.7% at auction, according to the monthly BCA Pulse report.
BCA has started the “major development” of its Nottingham remarketing and defleet centre with a new auction lane complex.
Manheim will continue to remarket vehicles for Santander Consumer Finance for the next three years.
BCA raised more than £1,000 for Royal Brompton & Harefield Hospitals Charity during the Motorline Mega Sale at BCA Paddock Wood on Wednesday, March 14.
Johnsons Cars has signed a three-year deal with BCA which will see the car auction specialist manage the remarketing of over 20,000 vehicles for the group.
BCA has announced the trial of a new mobile buyer app following feedback from its customer base, so customers “never miss an opportunity”.
