Lex Autolease staged a ‘red carpet’ event at BCA Bedford on Friday with two auction lanes operating simultaneously with 500 cars and 4x4s on offer.
Strong bidding saw a 90% conversion as 450 cars and 4x4s were sold for 99% of CAP Clean – generating a turnover in excess of £5 million pounds on the day.
Over one thousand buyers registered to bid with 200 attending BCA Bedford on the day and 811 other customers bidding via BCA Live Online.
Online bidders from all over the UK logged on to buy, with buyers from Ireland, Malta, Cyprus, Turkey and as far away as New Zealand also participating.
Highest seller on the day was a 2010 registered Range Rover Sport that realised £43,800, while the 2004 Honda CRV was the most inexpensive buy of the day at £1,800.
Rob Sturley, Lex Autolease auction area manager south, said: “This red carpet event offered a superb selection of vehicles and, with the current shortage of good quality used cars, there were hundreds of buyers participating in the sale.
“Lex Autolease worked closely with BCA to present a sparkling selection with an emphasis on 4x4 vehicles to meet the current high demand. The result speaks for itself, with a strong conversion, significant turnover and excellent performance against CAP. ”
Alan Gupwell, account manager BCA, added: “Lex Autolease are an innovative and progressive business partner and this event shows yet again how these high profile events, held at the right time, in the right venue generate massive buyer interest.
“To sell 450 vehicles for turnover of £5 million in three and half hours is a remarkable achievement. And as timing is everything, the seasonal demand for the 4x4 vehicles was maximised thanks to the blast of icy weather that had reached the UK a day or so earlier.”
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