British Car Auctions (BCA) has reported both a strong start to
Q4 and that it’s on
target to raise £100,000 for BEN, the auto industry charity.
Despite reports in recent weeks of dwindling supplies in the
used vehicle market,
BCA increased its sales in October, both at auction sites and
online, and has almost
13,000 vehicles in stock.
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BCA communications director Tony Gannon said: “Stock would
ordinarily increase
after the September plate change anyway, but we’ve also sensed that
our supply of
used vehicles is a little stronger than normal.”
As well as positive sales and stock figures, BCA also reported
increased incremental
and business contract profit from manufacturers, fleet, contract
hire and dealerships.
The auction company is also contacting its 40,000-strong buyer
base to encourage
them to donate £1 per vehicle bought, at the point of purchase, to
BEN.
“The intention behind the scheme was to have planned giving that
is hopefully
painless and effortless,” said Gannon.
“It’s the final piece of the jigsaw,” he explained. The Buyers
Backing BEN initiative
follows the Fleets Backing BEN and Dealers Backing BEN schemes, and
“now we’re
looking at the buyer-side of the business.”
richard.brown@vrlfinancialnews.com
