View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Companies
November 6, 2012updated 12 Apr 2017 4:05pm

BCA wins de-fleet contract with Toyota

Vehicle auction firm British Car Auctions and partner Ambrosetti UK have won the contract to remarket the fleet of Toyota in the UK following a competitive tender process.

By Richard Irvine-Brown

Vehicle auction firm British Car Auctions (BCA) and partner Ambrosetti UK have won the contract to remarket the fleet of Toyota in the UK following a competitive tender process.

From 1 January 2013, BCA will inspect, collect, store and refurbish all fleet cars from the management, manufacturing, logistics and finance teams at Toyota and Lexus in the UK.

BCA will also manage the inventory, sales and outsourced remarketing services. Using BCA’s inventory management system, Toyota will be able to view and control the inventory throughout the supply chain.

Using a range of remarketing channels and marketing, BCA will sell used Toyota and Lexus vehicles directly to franchise dealers and non-franchise buyers, including physical and online auctions.

BCA has also developed an online sales platform to allow Toyota and Lexus retailers to purchase vehicles in a closed environment.

The news follows the financial year half-year results from Toyota which reported the brand was again the biggest-seller of vehicles in the world with its financial operation was contributing a quarter of its global profits.

richard.brown@vrlfinancialnews.com

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Leasing Life