Lexus has been named the best brand for used vehicles in a survey of thousands of UK car owners. The results of the 2021 Auto Express Driver Power study reveal the highest levels of satisfaction and the lowest incidence of problems with pre-owned Lexus models.
For the first time since the index was launched, a 4x4 pick-up, the Toyota Hilux, has topped the table. Its a nod to the all-weather versatility of 4x4 pick-ups and the continued growth of the construction sector.
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.
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.
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.
Soaring used car prices may have reached a ceiling, signalled by a shrinking cost gap between newer and older cars.
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.
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.
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.
Demand is soaring for used cars, with buyers often frustrated when the car they want is quickly snapped up by someone else.
“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.
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.
“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.
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
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.
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.
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
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.
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.
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.”
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.
Current “unprecedented” used car price increases are likely to continue into the third quarter of 2021, the Vehicle Remarketing Association (VRA) is predicting.
BCA is harnessing the power of robotic process automation (RPA) to streamline back office activity, drive quality and improve customer service.
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.
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
