Almost three quarters of UK motorists struggle to accurately value a used car
Almost three quarters of UK motorists are unable to accurately gauge a used car’s value, according to a recent study.
Crawley is the UK’s used car hotspot of 2021
Crawley in West Sussex is this year’s used car hotspot of the UK, according to new data out today from one of the UK’s leading automotive finance companies.
When it comes to buying a used car buying people still want to speak to a person
The move to online for used car buying has eased in a post-lockdown environment and expectations of what can be done online have declined from last year. These are some of the key findings of motonovo Finance's latest research programme.
Average used LCV values remain high at BCA in August
LCV values continued at strong levels at BCA in August, averaging £9,874 over the month, the third highest average value on record. Average monthly values have risen by £2,165 in the past year, equivalent to a 28% increase compared to August 2020.
L&L appoints BCA for further two-year exclusive remarketing deal
Hertfordshire based Mercedes-Benz, Smart and AMG retailer L&L Automotive Group has renewed its exclusive remarketing deal with BCA for a further two years.
Diesel takes lowest ever share of sales in the online used car market
Car buyers are continuing to turn their backs on diesel in favour of hybrid and electric vehicles, according to a new analysis of online used car sales.
Have retail used car prices reached a ceiling? The price gap between newer cars and older ones is narrowing, says buyacar
Soaring used car prices may have reached a ceiling, signalled by a shrinking cost gap between newer and older cars.
Average used LCV values pass £10K at BCA in July 2021
LCV values continue to climb at BCA and passed £10,000 for the first time in July as buyers continued to compete strongly for the stock on offer.
Peter Vardy signs new remarketing contract with Manheim until 2023
The Peter Vardy Group, one of Scotland’s best-known family run automotive businesses, has signed a two-year contract, beginning a new remarketing partnership with global vehicle remarketing provider, Manheim.
Used vehicle shortage fuels surge for UK's leading sustainable salvage company
SYNETIQ - the UK’s largest integrated salvage, dismantling and vehicle recycling company - has seen unprecedented demand through its online vehicle auction, leading to increased value of salvage vehicles.
How to beat the used car shortage - here are the 10 cars with best availability in today’s tough market
Demand is soaring for used cars, with buyers often frustrated when the car they want is quickly snapped up by someone else.
Strong used car market growth in Q2 2021
“As anticipated, the used car market performed strongly in Q2 2021 as the nation unlocked and motorists had an increased need for personal mobility”, Sue Robinson, Chief Executive of the National Franchised Dealers Association (NFDA), commenting on the latest SMMT’s used car figures.
Used values rise to record levels at BCA in July
Strong levels of demand in the wholesale market continue to drive average used car prices to new heights, as BCA reported record values for the second consecutive month supported by sale conversion rates reaching historically high levels for the time of year.
Used car market growth in line with auction houses expectations
“It is extremely positive that the used car market results in Q2 broadly reflect the heightened demand auction houses have been experiencing” according to the National Association of Motor Auctions (NAMA), commenting on the SMMT’s used car figures released today.
Carsa Ltd sign exclusive remarketing deal with BCA
Newly founded used car specialist Carsa Ltd has signed an exclusive remarketing deal with BCA to offer around 50 cars weekly via the BCA Online sales programme. Stock will be located at BCA Blackbushe and will feature a wide range of quality part-exchange vehicles with an average selling price of around £4,000, with all eligible vehicles offered
70% sales rate, £7million worth of cars and motorcycles, and four auction world record prices
Last weekend Silverstone Auctions returned to The Classic at Silverstone, the world’s biggest classic motor racing festival, for their eleventh year as the official auction partner where they sold £7milllion worth of classic cars and collector motorcycles.
Used car prices up for fifth consecutive month
Its Live trade values reported an overall increase of 3.1% at the three-year point during the month of July, equivalent to more than £425 per car.
One lady owner from new 1987 AE86 Toyota Corolla GT achieves record price of £46,250 through Car & Classic’s online auction
A 1987 AE86 Toyota Corolla GT originally bought to cheer the owner up after separating from her partner has achieved a record price of £46,250 on Car & Classic’s online auction platform. Known to be the highest UK recorded price for a car of this type sold at auction, this rare 1987 AE86 beat the US record price of
Confidence grows in the auction sector
A recent survey carried out by the National Association of Motor Auctions (NAMA), highlights continued strength in the used car market driven by demand for vehicles and reduced supplies of stock.
Buy now - or regret it later
That's the message from the online used car supermarket buyacar.co.uk, which just reported average used car prices reaching their highest ever level.
Market strong but price movements need close attention, says BCA
BCA COO UK Stuart Pearson commented “Over the last few weeks, we have seen buyers and sellers trying to manage the rapid and seemingly erratic price increases across the marketplace which can be challenging, particularly with sensationalist headlines and monthly price guides reflecting movements as significant rises.”
Average LCV values accelerate at BCA in May
Used LCV values accelerated at BCA in May 2021, rising by £346 (3.8%) compared to April to reach £9,375. It is the third highest average monthly value on record for light commercials sold online at BCA, as high levels of demand continued and over 2,000 professional buyers purchased stock during the month.
“Unprecedented” used car price increases to continue into Q3, VRA predicts
Current “unprecedented” used car price increases are likely to continue into the third quarter of 2021, the Vehicle Remarketing Association (VRA) is predicting.
BCA drives innovation through use of Robotic Process Automation
BCA is harnessing the power of robotic process automation (RPA) to streamline back office activity, drive quality and improve customer service.
First time conversion rates likely to increase as confidence grows in auction sector
A recent survey carried out by the National Association of Motor Auctions (NAMA) revealed that there is growing confidence that 1st time conversion rates and values of petrol and diesel vehicles will increase as the UK comes out of its final stages of lockdown.