Manheim has appointed former Jaguar Land Rover director Peter Bell to lead the remarketing business through its “next phase of growth and development” as its new managing director.
The average price of a used car sold at auction rose by 16.7% year-on-year in February, according to The National Association of Motor Auctions (NAMA) car auction data.
The average price of a used car reached its second-highest level on record for remarketing specialist BCA as demand remained high across its 24 auctions centres and online platform during February.
Aston Barclay has unveiled plans to expand its Westbury auction facility with the creation of a second hall after Wessex Garages and MotoNovo became new vendor customers at the site.
Aston Barclay has confirmed a £1 million investment into its Chelmsford auction site to increase its capacity and to install a twin turntable inspection bay.
City Auction Group is celebrating its three-year anniversary at the Rockingham auction facility with the launch of weekly sales following record growth last year.
Premium used cars struggled to achieve top values at auction as hammer prices painted a “subdued” picture during January, according to the National Association of Motor Auctions (NAMA).
The impact of motorists’ shift from diesel to petrol-powered vehicles could create a “culture shock” for used car retailers in two years’ time, the VRA has claimed.
CD Auction Group has rebranded Hudson Kapel Auctions as CD Salvage Auction, as it takes operational control of the business.
Used vehicle values rose by 7.88% as BCA auctions processed record volumes of car sales in its auction sites across the UK during January, its monthly Pulse Report has revealed.
Aston Barclay has reported that sales of diesel-powered ex-fleet cars have reached a two-year high value at its UK auction sites – indicating the fuel still holds appeal to traders and consumers.
Cap HPI has appointed Derren Martin as head of current valuations following the announcement that senior editor James Dower is leaving the business.
BCA Nottingham’s Top Car Sale showed further signs of strength in the luxury and supercar sector as online bidders accounted for 85% of its auction stock.
Supercars and luxury vehicles often outperformed valuation expectations to feature strongly among the most impressive performers at auction during 2017, according to BCA.
A record week of used car trading got 2018 off to a strong start for BCA as the remarketing specialist experienced increased buyer demand in strong New Year trading.
2018 will be a year of relationship building for savvy remarketers – of positioning themselves as helpful, informative and strong partners to dealers.
The National Association of Motor Auctions has reported that used car prices rose by 2.4% as average mileages fell by 0.8% at auctions during December.
BCA will harness the “digitally-driven international business” experience of new chief marketing and data officer Dene Jones to help meet customers’ changing needs, the remarketing specialist has said.
CarGiant and Aston Barclay have entered into a two-year remarketing contract which will see the independent auction specialist sell over 24,000 of the car supermarket group’s unwanted part-exchange vehicles.
BCA Partner Finance is celebrating record levels of demand after funding over 100,000 vehicles with its used car stocking facility over the past 12 months.
