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HR Owen sale breaks £1m record at BCA

HR Owen sale at BCA

HR Owen sold more than £1 million worth of vehicles in a single sale at BCA Blackbushe this month (July) - a new record for the dealer group.

The sale attracted 173 online buyers, as well as a packed auction lane, as bidders competed for a selection of luxury, prestige and sports cars from HR Owen.

Mark Rose, HR Owen’s used car director, said: “BCA delivered massive buying power for this record-breaking sale and the demand from the buyers at the Blackbushe Top Car event was exceptional.

"This new benchmark of £1 million sale proceeds underlines that a winning combination of high-quality stock and a focused remarketing programme will achieve great results.”

HR Owen recently signed a new two-year exclusive renewal deal with BCA to manage the remarketing of its part-exchange vehicles. 

The partnership sees a fortnightly sale of the dealer group’s high-end luxury vehicles at BCA Blackbushe on alternate Wednesdays, as part of the centres Top Car sales programme.

Among the strong sellers at the record-breaking sale on July 10 was a 2013 registered Ferrari F12 Berlinetta, which sold for £140,000 at 15,000 miles. A Rolls Royce Phantom made £89,400 at 20,500 miles and a rare 2017 911 Carrera GTS sold for £78,000.

In total, 28 vehicles sold, generating an average value approaching £36,000.

BCA’s major account manager Suzanne Spencer added: “HR Owen is a respected brand synonymous with luxury, prestige and performance vehicles and these sales generate a genuine buzz with our buyers, who know they will be presented with an exceptional choice of vehicles.  This recent sale certainly caught the imagination of our buyers with a superb selection of prestige vehicles on offer.”

HR Owen’s financial results for the year to April 30 revealed that the London-based supercar and luxury car retailer had delivered a four-fold increase in pre-tax profits in the three years since its acquisition by the Malaysian Berjaya Group.

The dealer group, acquired by billionaire and Cardiff City owner Vincent Tan back in 2013 and run by chief executive Ken Choo, published results on June 17 which detail profit before tax of £8.3m and annual turnover of £459.9m.

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