This Saturday, Classic Car Auctions will be holding their first virtual sale and included are cars with celebrity provenance from Rowan Atkinson CBE, Jamiroquai frontman Jay Kay and TV presenter Mike Brewer.
The auction results show that The Market's online model is continuing to out-perform longer established, traditional auction houses, while also helping to mobilise the classic car market place by delivering accurate auction estimates and the convenience of on-the-go, remote bidding.
“It is pleasing to see the end of 2019 showing a growing used car market, after the first half of the year was slower,” said Louise Wallis, Head of the National Association of Motor Auctions (NAMA), commenting on the latest used car figures from the Society of Motor Manufacturers and Traders (SMMT).
A relatively positive start to 2020 has seen average wholesale prices for January reach the second highest total in the past five years, according to data released by global automotive solutions provider Cox Automotive. Figures for January 2020 put average prices at £6,264 for the month, with only January 2018 doing better in the past five years,
“A majority of respondents to this month’s survey have indicated that they expect auction volumes to stabilise in February following an increase in supply during January,” said Louise Wallis, Head of the National Association of Motor Auctions (NAMA), commenting on the latest figures from NAMA’s market attitude survey.
Trading has started strongly for BCA in 2020 as the company offered and sold more vehicles in a single week than at any time in its history. BCA also established a new single sale day record during the period.
The average values for fleet and lease, and dealer part-exchange vehicles rose to record levels at BCA in December 2019.
Fleet wholesale volumes increased +1.2% Year on Year (YoY), with green shoots in the final month of the year as Month on Month (MoM) volumes rose +1.2%
One of the most significant Lotus 19s is set to take the classic car world by storm when it goes under the hammer at Silverstone Auctions Race Retro Sale on the 22nd and 23rd February at Stoneleigh Park.
“Over half of respondents in this month’s NAMA survey expect an increase in auction volumes,” said Louise Wallis, Head of the National Association of Motor Auctions (NAMA), commenting on the latest figures from NAMA’s market attitude survey.
Classic car auction disruptor, The Market, has ended 2019 with huge success as the year’s sales results rank the company as the second most successful classic car auction house in the UK.
Following an extremely buoyant October the volume of stock was down MoM, but buyer demand remained strong and 84% of vehicles sold first time at auction.
“With poor weather and being out-of-season for motorcycling, the sales this November equated to only 5.9% of the 102,413 motorcycles registered year-to-date in 2019,” said Stephen Latham, Head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK.
Just over half of dealers reported that consumer demand was down YoY, but hot competition in the wholesale market has kept prices relatively high for used stock.
On the back of the rising popularity in the retail market of hybrid and electric vehicles, BCA is reporting significant buyer interest in a new fortnightly e-Auction dedicated to electric vehicles and hybrids. Each sale will feature up to 100 units with all vehicles sold with the new BCA EV/Hybrid Assured Report.
A fantastic end to the year for Classic Car Auctions as they achieve a tremendous sale rate of 70% and £1.26 million in sales with Jaguar E-Types starring alongside a Datsun 240Z Rally.
“Almost half of respondents in this month’s NAMA survey are expecting volumes to fall over the coming month. Volumes of vehicles arriving at auction centres generally reduce towards the end of the year, and this year appears to be no different,” said Louise Wallis, Head of the National Association of Motor Auctions (NAMA), commenting on the latest
Cap hpi, part of Solera Holdings, Inc., a global leader in risk and asset management data and software solutions for the insurance and automotive industries, is urging motorists to be aware of the dangers of buying flood and water damaged vehicles with temptingly low price tags.
Shoreham Vehicle Auctions (SVA), with the support of the south coast motor trade, has surpassed a major milestone by raising more than £150,000 for Chestnut Tree House Children’s Hospice.
Classic Car Auctions December sale has a fantastic selection of Jaguars on offer from the early 60s with the E-type to 2010 with an outstanding XJ Sport and the classic Mk2 2.4 and the XJS.
Vehicle web views during Q3 rose by 61.8% to their highest level this year - and one in three of all sales took place online, with buyers turning to digital channels to gain a competitive advantage in a very strong used car market.
“It is positive to see used car sales perform well in the third quarter of the year, but lack of clarity affecting consumer confidence in the new car sector must be addressed”, said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers in the UK commenting on
October saw mixed fortunes for automotive according to the latest data from Cox Automotive. In the latest dealer sentiment survey from Modix, 55% of dealers reported that consumer demand was down YoY.
“NAMA is pleased to see that the overall used car market has continued to remain strong in Q3 with the market up 0.9%”, said Louise Wallis, Head of The National Association of Motor Auctions (NAMA) commenting on the SMMT’s used car figures released this week
As the anticipation of one of the largest auctions for Hypercars and Supercars gathers pace, Silverstone Auctions are finalising their extraordinary catalogue of some of the most incredible high-performance cars produced.
