Used car values rise
The average value of used cars sold at auction last month rose by 3.7%, aided by a record volume of vehicles being shifted, according to BCA.
It said headline figure of £9,840 in January 2020 represented an increase of £364 year-on-year, despite both average age and mileage rising over the period.
The remarketing giant added that digital sales improved by 23% compared with figures from January 2019, too.
Stuart Pearson BCA COO of UK remarketing at BCA, said: “January was a strong month across BCA’s network with record volumes sold and strong buyer engagement across the network for both physical and digital sales. Dealer customers are reporting positive levels of retail activity and this is driving demand in the wholesale sector.”
Truck retailer takes on Volvos
Truck retailer Thomas Hardie Commercials has ordered a 22-strong fleet of Volvo XC40 Recharge T5 Plug-in Hybrid cars, following a year-long procurement process.
The firm said the vehicles, due for delivery in April, will be used by management and the sales team located at the company’s head office and its five depots, adding that the choice of the plug-in hybrid will help it “significantly” reduce its carbon footprint, while helping the company to meet the ISO 14001 Environmental Management standard.
BMW EV concept teased
BMW has teased its first pure-electric Gran Coupe ahead of its reveal on 3 March at the Geneva Motor Show.
According to the firm, the Concept i4 “provides a whole new take on the dynamic excellence for which BMW is renowned and blends a modern, elegantly sporty design with the spaciousness and practicality of a four-door Gran Coupe.”
“The BMW Concept i4 brings electrification to the core of the BMW brand,” said Adrian van Hooydonk, senior vice president of BMW Group Design. “The design is dynamic, clean and elegant. In short: a perfect BMW that happens to be zero emission.”