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Record month for BCA Partner Finance

BCA Auctions January

Strong demand and rising used vehicle volumes drove BCA Partner Finance to a record month, with over 500 units a day being funded throughout January.

Penetration of BCA sales reached 9% in January and the operation is on-track to fund more than 75,000 units during the current financial period following a strong start to 2017. 

The company says churn fuelled by strong retail sales in January has significantly reduced the average stocking period from the seasonal high recorded in December.

Malcolm Thompson, managing director of BCA Partner Finance, said: “The strength of the used vehicle market coupled with an investment in innovation has seen our service offering grow rapidly.

“We have experienced a busy start to the year and expect February and March to be exceptional months for our stock funding business. 

“And with a growing customer base, we have rolled out a national network of customer service advisors who advise buyers in each BCA auction centre.”

BCA Partner Finance serves both franchised and independent dealers with 120 days funding on vehicles purchased at BCA auction centres.

It claims to be the first finance product to launch that is specifically designed for the UK remarketing sector.

Thompson said: “We are seeing our customers use the service to free up funds, which enables them to grow their business how they see fit.

“BCA Partner Finance has allowed dealers to trade more flexibly with many now looking to source stock seven days a week.” 

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