Remarketing group BCA Marketplace has reported revenue of £1.153m in the 15 months ended 3 April 2016.
The vast majority of the revenue (£688.6m) originated from We Buy Any Car, while £267.2m came from UK Vehicle Remarketing.
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The group’s operating profit stood at £16.3m after acquisition costs of £27.4m, depreciation and amortisation of £17m, amortisation of acquired intangibles of £34.4m and other non-recurring costs of £3.4m.
783,000 vehicles were sold in UK Vehicle Remarketing in the year ended 3 April 2016, up 7.9% year-on-year.
The number of vehicles financed by BCA Partner Finance grew over this period and penetration rose to 7% of all BCA vehicles sold in March 2016, resulting in a loan book of £64.7m.
The International Vehicle Remarketing division performed well in the period, recording 333,000 sold vehicles, a growth of 6.4% compared to the prior year.
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By GlobalDataThe Group’s International Vehicle Remarketing division operates primarily across nine countries throughout Europe at 28 auction centres with operations in Denmark, France, Germany, Italy, the Netherlands, Portugal, Spain, Switzerland and Sweden.
