Tag Archives: auction

Auctions are seeing a surge of vans entering the market as companies and fleets replace their vehicles. Sustained demand for used LCVs and continued de-fleet activity within the fleet sector during the first half of the year saw record numbers of vehicles pass through Cox Automotive’s auction and vehicle services operations. Between January and June, 50,267 LCVs were processed by ...

Auction4Cars.com has opened a new auction site in Chingford for trade customers only. Located on Lea Valley Road, the new site opens following a period of significant investment in Auction4Cars.com with the launch of three new funding partners and a new customer dashboard – allowing dealers to easily keep track of auctions of interest and view any actions needed on ...

  BCA has expanded its refurbishment centre at Thurleigh north of Bedford to more than 200 acres, creating more than 100 new jobs. The centre is one of the largest combined remarketing, logistics, defleet and refurbishment centres in Europe. The additional land providing hard standing for an additional 5,000 vehicles, as well as extra workshop capacity to host technical and ...

Aston Barclay has announced that it is extending its opening hours as a result of the growing volumes of used cars and LCVs coming back into the market. Five Aston Barclay centres are now open from 7.30am to 6pm, with its Chelmsford site open even later to accommodate its evening sales programme. In addition, higher-volume sites in Chelmsford and Wakefield ...

The National Association of Motor Auctions (NAMA) has revealed the strength and stability across various segments of the market. Overall, pricing and demand are considered healthy with sectors such as the wholesale car sector proving to be stable and retail sale values showing an increase when compared with February despite a lag between retail and trade prices. Paul Hill, NAMA ...

G3 Vehicle Auctions has added two new storage facilities to its business. The group has invested in an additional four acres of secure vehicle storage close to its Castleford headquarters. A surge in used cars arriving at G3 in January, alongside the continuous growth in vendors offering vehicles from their recently opened £12m purpose-built auction facility in Castleford, has seen ...

Some dealer groups are being restricted by the number of used vehicles they are buying at auction after buying bans have been introduced to protect cashflow. Dealers have also been retailing fewer cars due to choosing to sell smaller numbers of retail stock at higher prices, despite wholesale prices falling in recent months. Based on forecourt stocking interest rates rising ...

Some manufacturers are flooding the market with new and nearly new Electric Vehicles. That’s the view of the National Association of Motor Auctions (NAMA) which said that the overall performance of BEVs remained consistent with previous months. It did not name particular brands. It said generally the car market is seeing prices fall. Electric Vehicles (EVs) are showing resilience, with ...

Voluntary terminations (VTs), voluntary surrenders and repossessions rose in May 2023 to the highest level for nearly two years according to the Motor Auction Group (MAG). MAG said it was gearing up for this figure to rise dramatically over the next 12 months as interest rates and the rising cost of living continues to negatively impact car owners’ disposable income. ...

Values of electric vehicles in the wholesale sector fell 4.3% in March compared to February, according to the National Association of Motor Auctions (NAMA). Month-on-month, sales of BEVs have fallen 9%. According to NAMA, the overall market is strong with increased supply of cars. “Supply line is improving, with reports of circa 10% increase year-on year, however this is not ...