Over 500 cars have been sold at the latest of
British Car Auction’s (BCA)
convertible car sales
, averaging nearly £9,000 per car and 103%
of CAP clean.

The specialist sale in conjunction with fleet
manager and funder Lex Autolease was held across two sites in
Surrey and Manchester, with participants able to bid on vehicles at
either location, and generated £4.5m in turnover.

At a time when auctioneers are
doing more and more
facilitate and attract live internet bidding
, online traders
acquired 252 (roughly half) of the convertibles on sale. Online
bidders outnumbered those in attendance by about 500 to 400.

And at a time when
online bidders
and their in-person counterparts alike are
pushing used vehicle auction prices past guide values
, industry
figures are
questioning the accuracy of markers such as CAP Clean
as stock
restrictions push up
second-hand car values

Overall, the convertibles on auction hit 103%
of CAP Clean, 10 of which BCA listed as clearing over 120% of CAP
Clean, including a March 2008 Renault Megane with 42,000 miles on
the clock sold for £6,800 (164.8% of CAP Clean) and a September
2007 BMW 320i with 77,000 miles on the clock sold for £11,900
(131.1% of CAP Clean).


How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.