Automotive Industry Digest

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Residual value update

Demand remains high in BCA’s Online Top Car Sale programme

BCA reports continuing exceptional levels of interest from buyers for prestige, performance and luxury vehicles, with the BCA Top Car sales now being staged every Thursday at 1.00pm to meet the demand.  Sales are staged entirely online, with buyers logging in safely via BCA Online or the BCA Buyer app to compete for stock.

The most recent sale on Thursday 30 July attracted a large number of online buyers, with over 1,300 BCA customers logging in to bid.  With just short of 200 vehicles sold on the day, the sale generated proceeds approaching £7.5 million.

Strong sellers on the day included the 2018 Ferrari GTC4 Lusso 6.3 V12 Coupe in blue for £131,900, a Rolls-Royce Ghost 6.6 V12 (II) Saloon for £197,900, a 2015-registered Rolls-Royce Wraith for £109,000 and a 2017 Aston Martin DB11 5.2 V12 Launch Edition T/Tronic Coupe that realised £83,800.

BCA Top Car sales staged over recent weeks have seen similar high levels of interest, with an 18/18 Lamborghini Aventador LP740-4 S I SR selling for £222,000, an 18/18 Lamborghini Hurracan for £143,000 and a 2019 Mercedes-Benz AMG GT63S realising £95,000.

Vehicles are entered for BCA’s Top Car sales by specialist sellers of prestige, performance and luxury vehicles including Porsche Financial Services, Bentley Financial Services, UKcgr, BCA Outsourced Solutions and Alphera.  There is also stock entered from Fleet, Finance and Dealer vendors, all typically valued in excess of £25,000 with a comprehensive service history and warranted mileage.  Vehicles on offer include Lamborghini, McLaren, Aston Martin, Bentley, Jaguar, BMW, Mercedes-Benz, Audi, Land Rover, Lexus, Maserati, Porsche, Tesla and Volvo models.

Stuart Pearson BCA COO UK Remarketing commented “The BCA Top Car sale offers an exceptional choice of luxury, prestige and performance vehicles and these online weekly sales are generating a genuine buzz with our buyers.  There continues to be a huge amount of customer interaction through our online channels, with demand growing steadily for stock and Online Sales typically recording buyer participation ahead of those seen in pre-lockdown conditions.  Supply and demand remain well balanced at BCA and conversion rates are high.”

Pearson added “Currently all sales remain online only and we’re keeping close to the latest government guidance in order to protect our people, customers and suppliers. We’ll look to restart physical auctions when appropriate.”

Go to www.bca.co.uk/digital for full details of the BCA sales programme.

*Article Source www.bca.co.uk

Automotive Industry Digest

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