Tag Archives: Shoreham

Demand for used vans ‘rocketed’ in December as twitchy buyers switched away from buying new. That’s the view of Shoreham Auctions which said reduced economic confidence helped strengthen the used LCV market in December and January. The market for new vans has taken a hit. Yesterday the Society of Motor Manufacturers & Trders reported new van sales down 20% due ...

Shoreham Vehicle Auctions (SVA) has been awarded Electric Vehicle Approved (EVA) status. The EVA scheme has been developed by the National Franchised Dealers Association (NFDA) to recognise supplier and dealer excellence in the electric vehicle sector. It is endorsed by the Government’s Office for Zero Emission Vehicles (OZEV) and the Energy Saving Trust. SVA has rolled out several environmental initiatives ...

UK new car supply should improve over the next 12 months according to Shoreham Vehicle Auctions’ MD Alex Wright. This will be because of OEMs’ response to the growing number of Chinese brands launching in the UK. Wright said that OEMS risk losing valuable sales and market share if they do not increase their production capacity as brands like MG ...

Used car dealers are buying stock at reduced prices in the current market anticipating a turnaround in early 2023. That’s the view of Shoreham Vehicle Auctions’ MD Alex Wright who predicts the current trend of reduced demand and falling prices in the £10-30,000 used market will only last until the middle of Q1 2023, while the sub-£10,000 sector will remain ...

The wholesale used sector is being starved of repossessions according to Shoreham Vehicle Auctions. It said that drivers are turning their cars into cash rather than hand them back to finance companies. Drivers who are behind with their monthly payments have been avoiding vehicles being repossessed by turning to a growing number of car buying service companies that will buy ...

Used car demand is slowing down but the market will be stable at its current position for years to come predicts Shoreham Vehicle Auction’s (SVA) MD Alex Wright. The increased cost of living and rising inflation have both impacted retail used car demand during 2022 affecting the wholesale market with falling prices and reduced sales. With 1.72m fewer new cars ...

The used LCV market is seeing more physical buyers back in the auction halls as the number of higher mileage vehicles entering the used market is increasing, according to Shoreham Vehicle Auctions (SVA). Generally higher ages and mileages are accompanied by more damage and any NAMA grade 3, 4 and 5 vans are receiving careful inspection in person before a ...

Shoreham Vehicle Auctions (SVA) is to make payments to its staff fuel bills which are set to double in coming months. The auction house announced the move as part of a new health and wellbeing strategy for its employees, which also aims to improve staff retention. The group also announced plans to deliver a net zero emissions strategy over the ...

Dealers are set for a few bumper used car months now they are open for business. The used car market has continued to grow in strength during lockdown to the point that demand, and prices are back to where they were before dealers shut their showroom doors in late December. SVA saw prices drop to 80% of CAP Clean during ...

The independent dealer sector kept the used car market moving in January according to Shoreham Vehicle Auctions. Independents continued to buy at auction to replace sold click and collect stock and unlike many franchised and national dealers who furloughed staff, have kept their teams employed in selling used cars locally and nationally. Used car prices only fell by around 3% ...