Strong results at City Auction Group’s end-of-July sale

Time 9:17 am, August 18, 2015

city auction groupA TOTAL of 240 vehicles were sold at City Auction Group’s sale at the end of July, with a combined value of £1.7 million.

The auction results led the market in the last two weeks of July, with 82 per cent of vehicles achieving an average CAP clean value of 97 per cent. Demand was strong for 13- and 14-plate small to mid-range vehicles with an average of 20,000 miles.

The top five best performing vehicles were the Audi A1 TDi 2.0 Hatchback Diesel, achieving the highest CAP clean value (104.3 per cent); followed by the Mini Cooper 1.6 Hatchback (104.2 per cent); BMW 116d 2.0 SE Hatchback (104.1 per cent); FIAT 500L 1.3 Multijet Pop Star (101.8 per cent); and the Peugeot 208 1.2 VTi Allure Hatchback (101.2 per cent).

There were strong results for Fiat and Peugeot, with both marques achieving four appearances each in the top 20 CAP Clean list. Again, there was strong demand for hatchbacks, which made up nearly three quarters of the vehicles achieving the best price, in the top 20.

City Auction Group has also expanded its sales team with the appointment of Andrew Maddocks as new business development manager.

Zoe Kennedy also joins as office manager along with Naomi Dickson as auction support.

Michael Tomalin, managing director of City Auction Group, said: ‘We waited patiently for an experienced auctioneer to become available and Andrew fits the bill perfectly. He has a wealth of experience and excellent contacts in the retail sector.

‘Andrew’s inaugural event at our auction on July 23 at Rockingham was very successful. The auction delivered great results for our vendors and dealers were able to acquire a wide range of high-quality stock.’

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Dave Brown's avatar

Dave, production editor on Car Dealer Magazine, is a journalist with more than 30 years' experience in the worlds of newspapers, magazines and public relations.

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