Auction watch

Stock levels improve and revenues increase in January

Published:  01 February, 2013

JANUARY was another tumultuous month in the used car auction market with the major houses reporting an influx of stock after being short last year.

During one particularly busy week Manheim's 17 UK physical auction sites and its online sales channels saw more than 9,000 vehicles sold to buyers around the country. The firm reported record-breaking volumes were sold at Saltash, Wimbledon, Leeds and Colchester, while Bristol, Leeds and Colchester all broke the 1,000 vehicle barrier.   These figures are some 60% up on the same period last year.

Meanwhile, rival auction firm BCA confirmed that despite the influx of stock, average prices actually increased in the final months of last year with average sale price increasing around £300 compared to the last period to around £6,200.

Another auction firm, Aston Barclay has stated that secured top results for two major fleet customers over 2012. The group's centres in Leeds, Prees Heath and Westbury scooped the first, second and third place spots respectively for CAP and conversion performance against rivals for Leasedrive throughout 2012 whilst with Alphabet, Aston Barclay Prees Heath came first in both CAP and conversion with Aston Barclay Westbury coming a close second in CAP performance.

Glenn Scarborough, MD of Aston Barclay said: "Leeds has now been open nearly a year and what better way to celebrate our first birthday than by saying that we are the best performing auction in the country for Leasedrive."

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