Over half of respondents in a recent survey expect an increase in auction volumes, said Louise Wallis, Head of the National Association of Motor Auctions, commenting on the latest figures from NAMA’s market attitude survey. Auction volumes are expected to increase by 53% of respondents, with only 20% predicting a fall. Conversion rates are strongly … [Read more...]
Auction slowdown expected as normal
Supplies of used models will go down over the next few months as dealers traditionally hold off putting them in auctions. “Half of respondents in this month’s NAMA survey are expecting volumes to fall over the coming month. Volumes of vehicles arriving at auction centres generally reduce towards the end of the year, and this year appears to be no … [Read more...]
Tradelines 6 November
BCA, with 24 centres across the UK, has won the Auction House of the Year Award at the inaugural Motor Trader Independent Dealer Awards. The Awards pay tribute to those companies and individuals who have demonstrated excellence in used car retailing, offering class-leading customer service and innovation. The fleet of light vehicles in operation in the … [Read more...]
Bond film’s supercar heading for Middle East sale
One of the world's rarest and yet most seen super cars is about to go on sale for over a cool $ 1 Million. Following RM Sotheby’s sale of the James Bond Aston Martin DB5 this summer, it's presenting another Bond car at its first auction in the Middle East in partnership with Formula 1 on 30 November at the F1 Etihad Airways Abu Dhabi GP. Every Bond film … [Read more...]
“Serious” state of nearly-new cars reported
New car discounts and big pre-registrations of technically outdated models have distorted the used car market and it has become what analysts are calling “a serious event” in the trade. The UK used car market has seen a significant shift in pricing in the sub 12-month-old sector. Retail pricing has seen a marked decrease with a 7-percentage point downturn … [Read more...]
Auction prices looking good this month
Car auction prices are expected to increase or remain stable in October. Conversion rates improved during September as a factor of shortening vehicle supply at a time when dealer and car dealerships were looking for stock for their forecourts, said Louise Wallis (pictured), Head of the National Association of Motor Auctions, commenting on the latest … [Read more...]
Newslines 23 September
Nearly 60 percent of drivers would consider owning an electric or hybrid vehicle instead of a petrol or diesel to cut down on their carbon emissions, they told pollsters for Hyundai. However, cost (58 per cent) was the biggest concern for Brits considering an eco-friendly car, followed by a worry there aren't enough charging points (54 per cent), with time … [Read more...]
Future of reselling cars under the microscope
The challenges facing the remarketing sector in 2020 is the subject of a major, free seminar that has been announced by the Vehicle Remarketing Association, which represents businesses who move 1.5 million used vehicles every year. “2020 Vision” will take a wide-ranging look at issues likely to affect the used car and van markets next year, ranging from a … [Read more...]
Auction prices encouraging, says trade
More than 50% of auction hall members are expecting conversion rates to increase in August. This has been assisted by the volume of vehicles coming though remarketing centres which has meant buyers have had less vehicles to choose from and has in turn increased conversion rates of those vehicles that are available to buy, said Louise Wallis, Head of the … [Read more...]
Cap hpi lift the lid on soft-top bargains this summer
With summer in full swing, automotive data expert cap hpi has produced a list of convertibles and drop tops that eagle-eyed motorists can pick up for under £10k, including a few surprises. Motoring expert Clive Wilson car valuations editor at cap hpi identifies ten drop-tops that are relatively cheap to acquire, great for hitting the open road, making the … [Read more...]
