BCA Marketplace plc (LON:BCA) offers unique access to each stage of the vehicle life cycle. Dominant in used car vehicle exchange, the company has built up its presence in vehicle buying through We Buy Any Car (WBAC) and is developing its Automotive Services division. Going forward, the company aims to develop its market-leading positions through its range of physical and digital (‘phygital’) offerings and services in the UK and Europe.
Lubricating European vehicle remarketing
With over 70 years of operating vehicle auctions, BCA is by far the largest vehicle exchange in the UK. It sold 1.0m used cars in FY18, with a c 60% share of auction volumes, which account for around 20% of annual used car market transactions. It has been developing online and digital services since the 1990s, and provides additional services such as grading, vehicle checks and buyer finance to increase value per vehicle. In 2013, it acquired We Buy Any Car (WBAC), which is the UK’s leading online vehicle buying company. Since 2015 it has also built up through-life cycle physical services by a series of acquisitions, creating the UK’s largest car transporter fleet and offering vehicle preparation, storage, inspection, refurbishment and logistics. It is also operating online and in physical auctions across nine countries in Europe, selling 0.4m cars last year, increasing dealer awareness of auctions and injecting digital tools from the UK as volumes rise. It is creating a standard buyer offering through its One Europe program as an increasing number of cars are sold across borders.
To read the entire report Please click on the pdf File Below: