City Auction Group reports ‘most successful’ year
City Auction Group has recorded an all-time high in vehicle sales, up 11% year-on-year in 2018, making it the firm’s most successful year since its launch in 2010.
More than 600,000 vehicles were offered across the Group’s Rockingham and Belfast sites last year, where more than £60 million worth of vehicles were sold.
There was also a 17% increase in vehicles offered through the Group’s online auction service, with 18,500 recorded in 2018.
Full Press Release: https://bit.ly/2EbbwTx
Manheim renews 17 year partnership with Hendy Group
The deal will see 32,000 cars and LCVs pass through the auction company’s lanes over the next four years.
The Hendy Group has dealerships across the south coast of England, and represents 10 major manufacturers.
James Leese, Manheim’s group sales director, said: “We are thrilled to have signed this new contract, which marks the renewal of a successful 17 year partnership.”
“Together, we’ve developed a highly effective auction programme, with strong buyer interest for Hendy Group cars at our Manheim Bristol site, and commercial vehicles in Manheim Colchester.”
“This is an exciting time of growth for Hendy Group, and we look forward to providing them with the expertise and service they need to ensure their remarketing programme continues to go from strength to strength.
“2019 is also shaping up to be a great year for Manheim as we focus on developing our vehicle services and logistics businesses so we can continue to meet the growing needs of our customers.”
Full Press Release: https://bit.ly/2GVB7T9
BCA’s Top Car sale suggests luxury car demand
BCA has reported “strong demand” for luxury, prestige and supercar vehicles early in the year after a special Top Car sale at BCA Nottingham sold 400 vehicles for a total exceeding £8 million.
Cars sold on the day included 36 Porsche, four Aston Martin, eight Bentley, four Rolls Royce, a Ferrari and a Mclaren Automotive vehicle.
Sold values outperformed price guide expectations by up to 20%, with ten cars selling for in excess of £100,000, BCA reported.
BCA’s chief operating officer UK, Stuart Pearson, said: “The luxury and supercar sectors continue to generate a huge amount of interest and BCA uses a range of digital marketing tools to ensure our specialist Top Car buyers have all the information they need.”
Full Press Release: https://bit.ly/2VabYIo
Aston Barclay calculator gives dealer and fleet vendors greater insight
Aston Barclay has launched Vendor Calculator – software to provide dealer and fleet vendors with real-time market intelligence during live auctions.
Vendor Calculator is made available to Aston Barclay vendors, either remotely via iPad or onscreen at rostrums within its auction network.
It forms part of the company’s goal to integrate its digital solutions and physical auction businesses to make the process of selling with Aston Barclay easy, quick and efficient to drive maximum value.
The software provides vendors with live performance management on each vehicle entered into an Aston Barclay auction, as well as their overall asset portfolio. This will increase conversion rates, build buyer confidence and unlock increased profit through accurate data use.
Full Press Release: https://bit.ly/2XfMgEd