Automotive Industry Digest

Latest Fleet News For The Automotive Industry

Residual value update

BCA expands LCV sales program to meet customer demand 

BCA continues to expand its LCV sales programme with a growing number of multi-channel events to satisfy buyer demand and support growing volumes. New sales in Bridgwater and Leeds have gained traction quickly, complementing the existing sales programme at Blackbushe, Manchester, Measham, Glasgow and Wolverhampton.

In July, the programme is expanded further with the launch of a new event at Paddock Wood which will provide additional volume and make it easier for buyers in the South East to source vehicles.

In addition to the physical events, BCA’s programme of online only LCV auctions has gained significant traction in 2019 with branded sales providing buyers with even greater choice.  With confidence in transacting remotely continuing to grow, BCA’s Buy Now and Bid Now channels are also seeing growth as their 24/7 availability satisfies those that need to make an immediate purchase.

The company has also staged a series of successful specialist sales in 2019 supporting the ultra-low emission market, focussing on Euro 6 compliant vehicles and EVs, with further events planned throughout the year.

Stuart Pearson, BCA COO, UK Remarketing commented “We continue to provide customers with more choice and make it easier to do business, launching additional LCV sale events to complement the already extensive programme we have in place. With multi-channel events taking place daily, customers have options to satisfy all of their buying and selling needs in the remarketing environment of their choice.”

He added “BCA’s enhanced LCV calendar offers even more opportunity to our buyers and sellers to turn inventory more efficiently. Our focus on joining our customers on a digital journey continues by providing more targeted digital only events, as well as the development of products and services that allow our physical buyers to interact with us digitally.”

BCA works closely with customers to ensure they have all the information they need to remarket stock to achieve the best price in the shortest time, and manage the risk of depreciation.  BCA Valuations utilise a range of data points, including cosmetic and mechanical condition, colour and equipment, and draws on a unique BCA database of five million historic UK vehicle auction sales.

Pearson added “Our intelligence capability has expanded significantly and is there to help customers price accurately in line with market expectations and keep their stock churning.”

He added “This is particularly important when managing large volumes of one particular model back into the marketplace, often in one colour and with uniform specification.  The enhanced program that BCA is able to provide creates the opportunity to offer stock to different audiences and utilise the most appropriate remarketing platforms.”

Pearson concluded: “With BCA retaining and winning more LCV business nationwide, we now offer a significantly increased volume of stock through our market leading sales programme. The combination of physical and digital events means that buyers can source the stock they need in the most time and cost-effective manner, whatever their location and whatever their buying preference.”

Automotive Industry Digest

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