BCA has rolled out a fortnightly online auction dedicated to electric and hybrid vehicles, in response to rising popularity for alternatively-fuelled vehicles.
The programme launched on 26 November, with sales staged subsequently every fortnight. Each sale will feature up to 100 units with all vehicles sold with the newly-published BCA EV/Hybrid Assured Report.
Vendors committing vehicles to the programme include Tusker, BCA Outsourced Solutions, Zenith, Ogilvie and RCI and the first sale offered fourteen different derivatives of electric and hybrid vehicles for sale.
Over 300 buyers participated in the first sale with many joining via BCA’s Buyer app.
“BCA continues to see strong growth in sales to digital bidders and the creation of specialist events, such as this newly-launched EV/Hybrid e-Auction,” said Duncan Reaney, online operations director at the BCA. “This makes it easy for professional buyers to locate the vehicles that they are interested in.
“Using decision intelligence to determine the optimal channel to market while developing digital products to support our customer’s physical activities are important elements of BCA’s strategy.”
Latest research from BCA found that average car values returned to normality in October, following a spike in September. Used car values averaged at £9,648 at BCA in October in comparison to £10,230 in September.
In October, demand remained “unreasonably” strong during a period usually impacted by rising stock levels and post plate change and the October half-term breaks.
Stuart Pearson, chief operating officer of remarketing at BCA, said: “October was another strong month for used car activity at BCA, with robust demand seen across all market segments. At a time when rising inventory from the September plate-change, along with a spread of October half-term holidays can impact the supply and demand balance, the used car sector remained resilient across all of BCA’s channel offerings.