Strong Demand For Top End Performance And Premium Cars At BCA Sale
- January 23, 2020
- Posted by: John Swift
- Category: Automotive Industry
Buyers were out in force at a dedicated sale of used Porsches as market insiders confirm there is a healthy demand for second-hand sports cars, as well as luxury and premium stock.
A BCA sale for Porsche Retail on January 8 saw new records being set for the vendor with its entry of 80 vehicles getting a conversion rate of 90% and generating proceeds of £1.9 million. The auctioneer said there were almost 550 bidders competing for cars online as well as having a packed hall from would-be buyers wanting to physically see the vehicles.
Among the strong sellers was a 2016 registered Porsche Macan 3.0 Diesel which went for £36,000 at 21,000 miles and another 16-plated Porsche 911 PDK Auto sold for £62,200. From a different marque, but still very much at the premium end of the market, a 67-reg Mercedes–Benz E220 Alpine Coupe made £23,800 at 35,500 miles. In total, 79 vehicles sold for £1.9 million, generating an average value in excess of £25,000 and an average of 99.5% of Cap Clean.
Healthy Start For The Upper End
Suzanne Spencer, BCA’s Major Account Manager, said all the signs point to a healthy start for the upper end of the used car sector this year with good demand from dealers looking for prestige stock. Suzanne said: “Our customers know that Porsche Retail offer an exceptional choice of luxury, prestige and performance vehicles and these sales generate a genuine buzz with our buyers. The used car market has started strongly at BCA in 2020 with significant demand for prestige and performance vehicles.”
Demand is not confined to the more expensive vehicles though. Earlier this week both BCA and Manheim reported an exceptionally strong start to 2020 across the board with cars and vans being snapped up. BCA says it set new records for itself, selling more in one week – over 26,000 – than at any other time before and Manheim said that it is seeing conversions of more than 90% with many vehicles beating their CAP Clean target values.
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