BRITAIN’s car parc is older than ever before despite the efforts of policymakers and environmentalists to get us behind the wheel of modern, fuel-efficient models and zero-emissions vehicles, according to official figures.
Used car demand continued strongly at BCA in August, with the rising supply of stock well matched by increasing demand from professional buyers.
Online buying fees will continue to be waived and from Monday 14th September, Manheim’s auction sites will open for COVID-secure vehicle viewings.
Sales of used cars are up almost 50 per cent compared to the same period last year, according to one of the biggest names in the pre-owned car business.
BCA has released a further update to its Buyer app with the introduction of Proxy Bidding for forthcoming live auctions.
Used car values for both petrol and diesel stayed strong in August, but used electric vehicles (EVs) and some hybrids continue to struggle, says Cap HPI.
Physical buyers have been welcomed back to the auction halls of Shoreham Vehicle Auctions (SVA) for the first time since the Covid-19 pandemic.
The continuing reports of an encouraging bounce-back in used cars, coupled with a level of pent-up demand have helped Mann Island Finance to achieve two successive record-breaking months in finance volumes, but as Head of Sales Andy Muir points out these external factors were aligned to crucial internal activity, noting;
Following a competitive pitch, the RAC has won a new three-year contract to provide specialist inspection services within the auction business of BCA, Europe’s largest vehicle remarketing and automotive services Group.
The popularity of white cars continues to grow, outpacing every other colour with more being driven on Britain's roads now than ever before*, according to data seen by RAC Insurance following a freedom of information request to the DVLA.
Following the biggest sales month in the company's 18-year history, the online car supermarket BuyaCar.co.uk has announced that four-year-old cars are now the site's most popular option for the first time ever.
Used car values stabilised at BCA in July, with the rising supply of stock well matched by increasing demand from professional buyers. Insight from BCA Valuations shows that values were marginally down, month-on-month, while sold volumes increased by nearly a third.
Auction houses are experiencing strong vehicle values and a strong demand for stock, according to the National Association of Motor Auctions (NAMA).
BCA reports continuing exceptional levels of interest from buyers for prestige, performance and luxury vehicles, with the BCA Top Car sales now being staged every Thursday at 1.00pm to meet the demand. Sales are staged entirely online, with buyers logging in safely via BCA Online or the BCA Buyer app to compete for stock.
These are the two key trends pre and post lock-down car buying trends from online used car marketplace www.findndfundmycar.com as the business' Phil Morgan, observes;
Lloyd Motor Group have announced an exclusive partnership with BCA to remarket around 5,000 prestige part-exchange and non-retail vehicles a year. Vehicles will be sold through BCA’s nationwide Online Auction programme with stock located at BCA’s Newcastle and Preston centres. All eligible vehicles will be sold through the BCA Assured programme.
Aston Barclay recorded its highest ever used car prices in Q2 as demand exceeded supply during and post lockdown. And the industry expects the used car market to carry on in the same vein in Q3 with a recent customer poll predicting it will be a strong 8 out of 10 when it comes to demand and prices.
Strong volumes and rising prices are supporting auction houses following the lockdown, according to the National Association of Motor Auctions (NAMA).
With a full quarter of used vehicle pricing data now available since lockdown was imposed on the UK, BCA has released valuation insight that underlines the recovery in used vehicle values from the initial price pressure experienced in April. BCA Valuations has tracked the sold price performance throughout the lockdown period and has provided an
One of only 500 BMW M3 EVO II cars made will sell to the highest bidder when it goes on sale with leading classic car auctioneer TheMarket.co.uk in a ‘no reserve’ online auction.
BCA has announced a new fortnightly programme of online Top Car sales following successful events staged in May and earlier this month. Sales are staged entirely online, with buyers logging in safely via BCA Online or the BCA Buyer app to compete for stock.
Aston Barclay has changed the way used vehicles are remarketed throughout the lockdown period, with online auctions tapping into a strong market with CAP performance returning to pre-COVID levels.
With demand for used vehicles continuing to rise, BCA is offering a record volume of vehicles in Online Sales on Wednesday 17 June. With up to 5,000 vehicles on sale, this represents the biggest ever BCA online auction entry for a single day.
Nine in ten dealers will not be cutting their used car prices as they begin to re-open for face-to-face trading, according to the latest dealer sentiment survey undertaken by Cox Automotive UK.
BCA has released valuation insight covering the post-lockdown period highlighting that used car values and demand from professional buyers have steadily risen. In particular, values strengthened in May as the number of online bidders participating in BCA’s Virtual Sales climbed significantly.
