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.
Silverstone Auctions had a brilliant Ferrari sale with £2.3 million worth of sales achieved and four out of four Dinos selling
Last weekend Silverstone Auctions attended National Ferrari Owners’ Day at Sywell Aerodrome where they hosted their dedicated marque sale of Ferraris. The auction house had a brilliant sale with a fantastic £2.3 million worth of sales achieved. The event was a huge success with a staggering 837 Ferraris there and 1800 people attending the wider
Aston Barclay highlights most desirable used cars at auction
Aston Barclay has developed a used car desirability index that can help fleet operators understand which models are commanding the most attention at auction.
Justgoev – Introducing the UK’s first EV-only new and used car marketplace
CAR BUYERS looking for an electric, plug-in or hybrid car can now do so without having to filter through thousands of internal combustion vehicles thanks to the launch of the UK’s first all-EV new and used car marketplace.
The Road to Tomorrow: SYNETIQ shares CO2 impact of integrated vehicle recycling
SYNETIQ, Britain’s largest integrated salvage and recycling company, has re-stated its commitment to a more sustainable future. With growing green parts usage, and an increased focus on corporate and social responsibility, SYNETIQ is leading the way in creating a sustainable future for motoring, a journey that SYNETIQ has termed ‘The Road to
Record buyer numbers drive average LCV values above £9,000 at BCA for the 4th consecutive month
Average LCV values at BCA in April 2021 remained above £9,000 for the fourth consecutive month, with sold volumes well ahead, year-on-year. Record numbers of buyers continue to join BCA’s daily online LCV program, creating the most efficient and competitive wholesale platform for used lcvs in the UK.
Motorists undeterred by unprecedented increases in used car prices
Unprecedented increases in used car values are doing nothing to put motorists off, as the public's appetite to splash out massively outstrips generally rising prices.
Silverstone Auctions close their catalogue with a number of low mileage and low ownership examples
Silverstone Auctions have now closed their catalogue with a number of low mileage and low ownership examples.
Glass’s one minute market update
New car registrations in April were unsurprisingly up on last year withjust over 141,500 cars registered, according to data published by the Society of Motor Manufacturers and Traders (SMMT). This was an increase of over 3,000% on April 2020s full Lockdown tally of just 4,321.
LCV values reach record levels at BCA for fifth consecutive month in March
Average used LCV values rose for the fifth consecutive month at BCA in March 2021, again reaching record levels as demand for light commercials continued apace. Underlining the ongoing demand from professional buyers, LCV values have risen in nine of the 12 months since the pandemic started.
Used market “hotting up” as restrictions ease says BCA
BCA’s currently exclusive online sales offering is reporting a significant and noticeable uptick in demand and increased average values in the week following the relaxation of some Lockdown restrictions in England.
There's a surge in demand for used hybrids this year, reports buyacar.co.uk
SURGING DEMAND for new hybrid cars is also being reflected in the used market, with the online car supermarket buyacar.co.uk reporting its highest ever proportion of hybrid customers.
World record values expected as Mitsubishi Heritage Fleet auction enters its final week
The Mitsubishi Motors heritage auction is now entering its final week before the hammer falls on all no-reserve lots on April 30. The first auction ends at 5.00pm with staggered ends for each auction after that. Any bid placed in the final two-minutes will extend the auction by a further two-minutes.
NAMA finds petrol and diesel values remain strong as the first round of restrictions are eased
Motor auctions members of the National Association of Motor Auctions (NAMA) have told their trade body that they expect internal combustions engines values to remain strong. This reflects the improving consumer confidence as lockdown gradually eases across the UK.
Auction4Cars investigation reveals high online car auction fees in the UK
The research from Auction4Cars, one of the country’s largest independent trade only online car auction websites, has shown that traders across England, Scotland and Wales are paying up to eight times more in fees when buying the same value used vehicle from other leading national competitors.
Used diesel car prices reach record high, reports Autorola
Prices of diesel used cars reached a new high during the first quarter of this year, according to Autorola’s latest online remarketing report.
The Environmental Argument for a Used Car
The Government's announcement that it is to cut grants available to people buying a new electric vehicle (EV) from £3,000 to £2,500 and restricting grants to cars under £35,000 will have created some consternation amongst parts of the motor trade and with potential car buyers. However, as buyers return to showroom across the UK, choosing a used car
BCA introduces major enhancements to online platform
BCA continues to enhance its digital offering with the launch of the new Vehicle Details page. This major update to BCA’s online vehicle search platform makes it easier for customers to assess, track and bid with direct access into a live sale.
Auction volumes and conversion rates predicted to increase as lockdown restrictions start to ease
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 auction volumes will increase as the UK comes out of lockdown.