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Constellation Automotive Group is a used vehicle marketplace. It was founded in the United Kingdom in 1946, as Southern Counties Car Auctions, and was a publicly traded company, BCA Marketplace, when acquired and taken private by TDR Capital in November 2019.
Employing 160 at its head office, Wickins had built the company into the largest car auction business in the world by the time of his retirement in 1990. [ 2 ] Today, still based at Blackbushe but owned by an investment banking division of HSBC , BCA claims to be Europe's largest vehicle auctioning company, employing 5,000 people, and selling 1 ...
The company was founded by Noel and Darren McKee in 2006. [7]In 2013, the company was sold to the used car marketplace, British Car Auctions (BCA). [8]In November 2019, private equity group TDR Capital completed the purchase of webuyanycar.com's parent company, BCA, for a reported £1.9bn.
Dealers become notified of cars that suit their requirements once they become available, and place offers in a daily online sale. [23] When dealers purchase vehicles, they can arrange collection with the company's end-to-end transportation service, Motorway Move, [ 24 ] and purchase with Motorway Pay, the company's real time point-of-purchase ...
Avril Palmer-Baunack (born April 1964) is the chief executive of British Car Auctions, which auctions around 750,000 used cars in the United Kingdom every year. She is the former chairman of Stobart Group .
Bought in 1997 for $1, he agreed the sale of the company at a value of £179m. [26] In March 2006, he became the major shareholder in English professional football club Watford, owning up to 42% of the club's shares. [27] In September 2006, he accepted a bid for British Car Auctions (BCA) worth £450m, netting him a personal gain of £200m.
During a car dealer auction, the vehicles are typically sold to car dealerships who in turn will retail them to consumers. In the US, in 2005, 2.7 million fleet vehicles were sold through auctions. [2] Recently, some of the major fleet owners have chosen to sell the vehicles directly to new and used car dealerships thus bypassing the auction ...
The majority of vehicles entered into auction in the UK are ex-company fleet vehicles and as such usually have a good service history and have been well-kept. [21] Car dealer groups also take advantage of auto auctions in order to sell on any excess stock whilst smaller, local car dealers will use them to fill spaces on their forecourts.
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