BCA announces full-year results, exceeding market expectations

10:38 am, June 28, 2016

BCA Marketplace, the automotive wholesale and services group, has announced its maiden full year results since coming to market in March 2015.

According to the report, more than 1.1 million used vehicles sold through auctions across UK and Europe in the 15 months ended 3 April 2016, reflecting the 12-month trading period following the acquisition of the BCA Group.

According to BCA Marketplace, 783,000 sold in the UK and 333,000 in Europe. Meanwhile, 1.5 million vehicles were transported via the UK’s largest transporter fleet (540 vehicles), representing 20 per cent of the UK vehicle transportation market.

The report also revealed a landmark year for WeBuyAnyCar.com, which achieves the strongest year-to-date with a total 172,000 cars traded. Meanwhile, BCA Dealer Pro valuation software rolled out to more than 1,000 dealers with 460,000 valuations and 893,000 MarketPrice valuations.

Total Revenue reached £1,153.1m, with adjusted EBITDA of £98.5m.

From the dock to defleet and beyond, BCA touches more than 3.5m vehicles a year, working with OEMs, fleet operators and dealers to provide the backbone of the UK’s automotive supply chain.

Avril Palmer-Baunack, executive chairman, said: ‘We are pleased to announce this strong set of maiden results, exceeding market expectations and delivering an attractive dividend. Our physical infrastructure, market-leading IT systems, valuation tools, data and most especially our customers and experienced and committed employees are at the heart of our business and have supported this strong performance in our first full year as a listed group.

‘The BCA Group is the UK and Europe’s largest used-vehicle remarketing exchange, with our continuing development of the Exchange, remarketing products, enhanced full service offerings and market-leading true transactional data, we continue to be the partner of choice in the automotive sector.

‘The new financial year has begun well and the Board remains confident of the Group’s performance. The team will continue to focus on our recently launched T4G programme (Together for Growth) delivering exceptional service and innovation to our customers, a positive working environment for our employees and a financial return for our shareholders.’

Watch the Car Dealer team sell 100 cars in 100 minutes at BCA.

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