'Business as usual' for motor auctions
UK motor auctions have told the National Association of Motor Auctions (NAMA) it is ‘business as usual’ despite the four-week lockdown in England and the additional restrictions across the country.
Online used car newcomer Carzam in final stages of launch preparation
Used car sales website Carzam is in the final stages of preparing for launch – and will be live within days.
Shoreham Vehicle Auctions appeals for children's hospice support
During a period of great disruption for charities nationwide, independent vehicle auction house Shoreham Vehicle Auctions (SVA) is once again pledging its support to Chestnut Tree House children's hospice (CTH).
BCA focuses on customer needs to manage Lockdown 2.0 restrictions
Following the announcement of a second lockdown, BCA has confirmed that it is business as usual with sales remaining online and extended opening hours for vehicle collections.
German brands dominate Britain's online used car market in sales and searches since summer
Analysis of online used car buying trends reveals that German brands have dramatically extended their lead in sales and searches by motorists during the second half of 2020.
Average LCV values and sold volumes continue to rise at BCA in September
September was the strongest month on record since lockdown for LCV sales as average values climbed yet again and sold volumes rose significantly to reach record levels. Demand remains exceptionally strong, with average values continuing to significantly outstrip guide prices and sale conversion in excess of 90% in most sales.
NAMA members see strong values amid a resilient market place
Auction houses continue to experience strong vehicle values, even with increased volume supply, according to the National Association of Motor Auctions (NAMA).
Used car values and volumes rise in strong September market
Used car demand rose at BCA in September, with both sold volumes and average values rising during the month. It was the fourth consecutive month that average used car values remained above £8,000.
Manheim kicks off Q4 with Marshall mega week
At last year’s mega-week event for Marshall, Manheim sold 853 vehicles, beating its previous record of 815 in 2018, and achieved a combined sales value of £4.6 million.
BCA announces new Retail Ready digital sales channel
The channel will host vehicles prepared cosmetically and mechanically to a new industry retail standard devised and delivered by BCA to meet the needs of its customers.
Evidence revealed of online advantage as used car market begins to stabilise
Faster sales at higher profit, with delivery to customers further afield than ever before, are the latest headline evidence for the growing strength of online motor retail.
BCA launches new Saturday online auction programme
With demand continuing at exceptional levels across the wholesale used vehicle market, BCA is extending its selling programme with the introduction of a new online sales programme commencing on Saturday 19 September at 9.30am.
Average LCV values and sold volumes rise at BCA in August
Average values for used light commercial vehicles improved at BCA in August as sold volumes continued to rise. Demand remains exceptionally strong, with values continuing to average well in excess of guide prices and sale conversion averaging over 95% in most sales.
Britain’s cars are older than ever, despite boom in EVs and hybrids
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 well balanced as volumes continue to rise
Used car demand continued strongly at BCA in August, with the rising supply of stock well matched by increasing demand from professional buyers.
Manheim extends support package for 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.
Used car market stronger than ever as August sales beat previous records
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 adds Proxy Bidding to BCA Buyer app
BCA has released a further update to its Buyer app with the introduction of Proxy Bidding for forthcoming live auctions.
Used electric car values continue to struggle, reports Cap HPI
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 return to Shoreham Vehicle Auctions (SVA)
Physical buyers have been welcomed back to the auction halls of Shoreham Vehicle Auctions (SVA) for the first time since the Covid-19 pandemic.
Mann Island Finance Joins the 'Bounce-Back' With Record Volumes
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;
RAC wins three-year contract to inspect vehicles for BCA
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.
White cars continue to enjoy surge in popularity but black remains most common
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.
Four-year old cars take the lead on BuyaCar.co.uk as motorists respond to soaring prices
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 stabilise at BCA in July as volumes continue to rise
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.