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Auction Values To Rise In Early 2020?
- December 17, 2019
- Posted by: John Swift
- Category: Automotive Industry
No CommentsFalling stock levels meeting continued strong demand means that most sectors of the market will see good conversion rates and high prices being paid at auctions as we head towards the end of the year. In its latest National Association of Motor Auctions says that while there is the usual seasonal slowdown, dealers are still
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Dealers See Strong Business In Used LCVs
- November 11, 2019
- Posted by: John Swift
- Category: Automotive Industry
Dealers are stocking up with second-hand vans and LCVs as a plentiful supply at auction was met by increasing demand as a leading remarketer said that buyers had to bid competitively to stand a chance of getting the vehicle. Manheim reported that first-time sales of commercials stood at 84% in October, up slightly on September’s
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Tech To Transform Used Car Business In Next Five Years
- June 21, 2019
- Posted by: John Swift
- Category: Automotive Industry
Used car retailers will see online auctions overtake physical sales, franchised dealers will take an even bigger part of the market, sales systems will have to be far more integrated and digital-only dealerships will begin to replace forecourts – all within the next five years. These are some of the predictions from NextGear Capital, part
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Auction Volumes To Stabilise In June
- June 17, 2019
- Posted by: John Swift
- Category: Automotive Industry
Auction houses expect to see volumes stabilise next month as the impact of reduced new car registrations in April and May and the fewer part-ex vehicles traded feed through to the supply of used stock. Many experts forecast that diesel values will continue their slide but those for petrol cars and vans will remain broadly
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Part-ex prices crucial for profit says auction boss
- June 10, 2019
- Posted by: John Swift
- Category: Automotive Industry
Used car valuations could be heading for their biggest drop in a decade this month and dealers are being advised not to pay over the odds for part exchange and then plan to recoup their money at auction. Andy Conde, of Manheim Auctions, says that cars which were force-fed through the new car sector by
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Auctions see sector value uplifts in April
- May 21, 2019
- Posted by: John Swift
- Category: Automotive Industry, News
Dealers need to present well prepared and accurately described stock which has full documentation and a realistic reserve to sell at auction as a new report reveals some market hot spots. A leading auction house said that there was strong demand in some sectors last month with fleet and lease, dealer part-ex and nearly new
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