Automotive Industry Digest

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Residual value update

HR Owen sale sets records at BCA 

The H.R. Owen sale at BCA Blackbushe on 10 July set new records for the dealer group, generating sale proceeds in excess of £1 million. With 173 BCA Live Online buyers competing with a packed auction lane for a selection of luxury, prestige and sporting exotica, the bidding was highly competitive throughout the sale.

Among the strong sellers, the 13/13 registered Ferrari F12 Berlinetta sold for £140,000 at 15,000 miles, while a Rolls Royce Phantom made £89,400 at 20,500 miles.  A rare 2017 911 Carrera GTS sold for £78,000, a 2015 Rolls Royce Wraith realised £117,000 and a well-preserved and maintained 1985 Toyota MR2 at 107,000 miles realised £2,900.  In total, 28 vehicles sold, generating an average value approaching £36,000.

H.R. Owen recently signed a new two-year exclusive renewal deal with BCA to manage the remarketing of its part-exchange vehicles.  The partnership sees a fortnightly sale of H.R. Owen high-end luxury vehicles at BCA Blackbushe on alternate Wednesdays, as part of the centres Top Car sales programme.

Mark Rose, H.R. Owens Used Car Director commented “BCA delivered massive buying power for this record-breaking sale and the demand from the buyers at the Blackbushe Top Car event was exceptional.   This new benchmark of £1 million sale proceeds underlines that a winning combination of high-quality stock and a focused remarketing programme will achieve great results.”

BCA’s Major Account Manager, Suzanne Spencer commented: “H.R. Owen is a respected brand synonymous with luxury, prestige and performance vehicles and these sales generate a genuine buzz with our buyers, who know they will be presented with an exceptional choice of vehicles.  This recent sale certainly caught the imagination of our buyers with a superb selection of prestige vehicles on offer.”

H.R. Owen is one of the world’s largest retailers in Rolls-Royce, Bentley, Ferrari, Lamborghini and Bugatti brands. The company is headquartered in London and operates 14 sales and 17 aftersales sites across 11 brands.

Automotive Industry Digest

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