Second-hand cars, first-rate opportunities
By Illya Verpraet2021-01-26T10:44:00
The used car sector is hot, with high demand from consumers and rising prices. However, as the supply of used cars is ultimately limited by the number of new cars entering the market and consumers trading in their old cars, actual volumes have not been significantly higher this year. What has changed, on both sides of the Atlantic, is where that volume is going.
The used car sector is hot, with high demand from consumers and rising prices. However, as the supply of used cars is ultimately limited by the number of new cars entering the market and consumers trading in their old cars, actual volumes have not been significantly higher this year. What has changed, on both sides of the Atlantic, is where that volume is going.
“There has been a different shape to the volume flow this year, notably as a result of BCA’s remarketing programme moving entirely online, giving our customers a wider choice of vehicles over a much greater geographical spread,” says Nigel Glenn, managing director of BCA Automotive, one of the UK’s main auction and remarketing companies. BCA also has its own logistics arm, with 900 transporters handling 2.5m vehicle movements annually.