A seasonal downturn in used car values as the holidays failed to impact sales at BCA and strong demand delivered a “strong month for used car activity”.
The used car remarketing sector “continued to strengthen” during August as the average price of a vehicle sold via BCA rose 2.9% month-on-month.
BCA displayed a Toyota Yaris in a giant shopping bag outside London's Kings Cross train station as the consumer marketing for its cinch online retail platform gathered pace.
BCA's wholesale used car market data for July shows drops in value for all market segments, with dealer part-exchange cars among the most affected.
BCA’s new online used car classified business cinch has signed 22 dealer groups and car supermarkets within a few weeks of launching.
HR Owen sold more than £1 million worth of vehicles in a single sale at BCA Blackbushe this month, a new record for the dealer group.
BCA has launched its cinch consumer-facing online classified with the promise of helping car buyers find, buy and selling used cars.
The volatility of used car values “started to ease” with a 2.2% average rise to £9,463 in June, according to the monthly BCA Pulse report.
The board of BCA Marketplace has given its backing to a takeover bid from private equity firm TDR which values the group at £1.9 billion.
BCA chief operating officer Stuart Pearson has said that buoyant 2018 used car values may have created ‘unrealistic expectations’ among used car dealers after another year-on-year decline at its auctions.
Cazoo has announced it has signed a number of commercial partnership agreements with BCA to meet its vehicle logistics, refurbishment and disposal requirements.
A bank holiday-induced dip in consumer demand has been blamed for a 4.6% decline in the average price of a used car sold at auction during April in BCA’s monthly Pulse Report.
BCA has responded to “significant demand from buyers” in the South West and Wales by launching a new commercial vehicle sale at the Bridgwater remarketing centre in Somerset.
BCA and Jardine teamed up for the biggest single dealer sale ever staged at BCA as 405 vehicles were sold generating sale proceeds of £2.7m.
BCA has become the first member of the National Association of Motor Auctions (NAMA) to sign up to the National Franchised Dealers Association’s (NFDA) Drive My Career initiative.
Motorline has agreed to sell 12,500 used cars via BCA’s Paddock Wood auction site in Kent as part of an exclusive two-year remarketing deal.
Motorline and BCA combined to raise over £2,700 for Air Ambulance Kent Surrey Sussex with a charity auction at Motorline Mega Sale at BCA Paddock Wood.
Halliwell Jones has agreed a new two year deal with BCA to remarket 3,500 vehicles annually at BCA Preston.
BCA has staged its first auction sale specifically for Ultra Low Emission Zone (ULEZ) compliant electric vehicles (EVs) and plug-in hybrids (PHEVs).
BCA’s monthly Pulse Report has revealed that the average price of a used car offered at auction rose by 3.3% year-on-year during February – a rise of £322.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
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