Tag: Auction

car mechanics

Giving dealers the confidence to stock EVs

By Jayson Whittington, Chief Car Editor, Glass’s. Electric vehicles (EVs) are still a scarce sight in auction halls. They have made up less than 0.2% of sold volume so far this year and auction performance can be rather mixed, as can be seen in the chart below which compared the first time conversion rate of

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“Will 2019 be the year of the used van?” asks September’s VRA meeting

“Will 2019 be the year of the used van?” is one of the key questions being posed at the next meeting of the Vehicle Remarketing Association, taking place on 21st September at Manheim in Bruntingthorpe. Key presentations will be made by James Davis of Manheim, looking at the prospects of used light commercial vehicles in

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car mechanics

Prius Values Gain More Than 4% in 2017

Data is key in helping to rationalise emerging trends in the fast paced wholesale used car marketplace. The Glass’s Editorial team through their significant presence in the used car market and constant analysis of wholesale channels observed that Toyota Prius values have been seemingly on the rise. Further interrogation of the data collected from the

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Voluntary terminations at record high, according to G3 Remarketing

The voluntary termination (VT) of personal contract purchase (PCP) and hire purchase agreements (HP) are at an all-time high, according to G3 Remarketing. The motoring specialist deals with and disposes of nearly 1,000 VTs each month for a broad range of funders, and has seen a 35% increase in these cars going through its auction,

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car mechanics

Aston Barclay signs exclusive remarketing agreement with John Banks Group

Aston Barclay secures an all-auction contract with John Banks Group Vehicles from Cambridgeshire and Suffolk dealerships to be remarketed at Chelmsford’s Monday evening and Wednesday morning sales New deal builds on existing 12-month relationship with John Banks Group Aston Barclay has secured an exclusive contract with John Banks Group that will see all vehicles from

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car mechanics

Online sales values of ex-fleet stock beat physical auctions by average of one per cent in 2016, reports epyx

Online sales values of ex-fleet stock beat physical auctions by an average of one per cent or £220 per vehicle in 2016, according to new figures compiled by epyx. The statistics are taken from tens of thousands of vehicles sold through the company’s 1link Disposal Network e-commerce platform, which is used to manage online and

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G3 Remarketing hits 1000th car auction

G3 Remarketing, the car remarketing specialist based near Leeds, hit a huge company milestone earlier this month when it held its 1000th vehicle auction. Originally founded as an online-only car auction brand by joint directors Matt Dale and Amanda Holtby, the company has since expanded to run physical auctions too. Commenting on why G3 was

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G3 Remarketing to hold customer insight session

G3 Remarketing – an online and physical car auction specialist – is set to hold one of the remarketing industry’s first customer insight events. Taking place at G3’s Leeds headquarters on 22nd November, the free Q&A session will be co-hosted by Melanie Chell, of Shoosmiths, a leading national motor and asset legal specialist, which recently

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car mechanics

Rise of Uber fuels demand for MPVs at auction

The rapid rise of taxi app firm Uber in the UK is fueling demand for MPVs at auction and causing values to rise. The average value of MPVs coming to market at Manheim is now 18.3% higher than it was a year ago. Values continue to rise in 2015. The values of MPVs rose 5.1%

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