Archive for the ‘Auction Blog’ Category

Used electric car and van demand takes off – electric Nissan van increases in price by £1,000 while leased battery electric cars are in high demand

Monday, February 25th, 2019

SVA has observed a significant rise in demand for EVs in recent months with the market witnessing stronger residual values on both cars and vans.

Alex Wright, managing director of SVA, said: “The second half of 2018 saw a strong demand for used EVs and that has continued into 2019, which has resulted in ever stronger prices.

“For example, the Nissan e-NV200 van has appreciated in value year-on-year by around £1,000. Part of this rise in value is because of the increasing awareness across London and the south east of the pending introduction of the UK’s first Ultra Low Emissions Zone in April.”

On the electric car front SVA has seen demand for both owned and leased battery powered vehicles increase. Leased batteries were originally included in some electric cars to inspire confidence about battery life. With the resilience of the technology now proven

used cars with leased batteries are in high demand with a number of dealers confidently bidding at auction in the knowledge they have the expertise and the customers to sell the electric car on at a profit.

Wright said: “Previously, very few dealers understood the process of transferring the title of the vehicle and the battery lease within the used sector. This simple process was complicated by some residual value guides opting not to publish their values – however we know they have a very strong demand, and this is being realised by some very switched-on dealers.”

SVA teamed up with the Energy Saving Trust to launch the first ever used electric vehicle training course for car and van dealer sales staff in May 2018. One of its main jobs was to dispel many of the myths surrounding EVs to help educate dealers on which customers will benefit most from buying and running an electric car.

“We have helped support an increase in knowledge of EVs within the market and many progressive dealers have a good understanding of EVs, customer suitability and battery types,” explained Wright.

“There is a continued growth in trust in EV technology, as the Nissan LEAF has now been on our roads for nine years.

“EV numbers are now getting to the point where the used car sector is starting to see higher volumes passing through auction and the entire used industry must be prepared for that. This is our future, and the remarketing industry needs to keep pace in providing the service levels for EV that customers have come to expect from petrol and diesel used cars,” he added.

Shoreham Vehicle Auctions raises over £34,000 for Sussex children’s hospice

Thursday, December 6th, 2018

Shoreham Vehicle Auctions (SVA) has exceeded all expectations by raising an incredible £34,000 for The Chestnut Tree House children’s hospice during its 2018 annual vehicle auctions.

In the process, the independent auction house has surpassed the £130,000 fundraising milestone since its inaugural auction for the children’s charity in 2011 – all thanks to the south coast motor trade.

This year, SVA hosted two auctions – integrated within car and commercial vehicle sales – and received fantastic support from the region’s motor trade with donations from Yeomans Group, Tates Group, Caffyns Group, Dinnages, Frosts4cars, Harwoods, Newton Honda, Dees Croydon, Southern Motor Group and Vanfair Ltd. Support was also received from Enterprise Rent-A-Car and NextGear Capital Ltd. More than 24 cars were donated to the auctions, with five coming direct from the general public.

Alongside the grand total, more than 14 hours of day care and 15 hours use of the hydrotherapy pool at Chestnut Tree House were pledged during the two auctions.

Catherine Stone, SVA’s dealership sales manager who has led the campaign since SVA began supporting the Chestnut Tree House in 2011, said ‘We would like to say a heart-felt thank you to all of our suppliers who donated auction lots and to our incredible buyers who dug deep, showing incredible generosity.

‘Once again we are totally overwhelmed and humbled at the support we have received – it is way beyond any expectations we had.’

Caroline Roberts-Quigley, community fundraiser at Chestnut Tree House, said, ‘We are incredibly grateful to Shoreham Vehicle Auctions and their clients and customers for their continued support and generosity in donating auction lots and raising funds at their Charity Car Auction.

‘We need to raise £6,850 every day to pay for all the specialist care services provided by Chestnut Tree House – both at the hospice and in families’ own homes – so support like this is invaluable. The amount raised at the Charity Car Auction will pay for five days of all care services at the hospice, which is amazing. Thank you.’

Having first opened its doors in 2003, The Chestnut Tree House currently cares for 300 life-limited children, both at the hospice and in families’ own homes. The hospice offers several types of support which includes end of life care, psychological and bereavement support, and short-break care.

Annual Chestnut Tree House charity car auction calls for unwanted vehicles and donations

Wednesday, October 31st, 2018

Shoreham Vehicle Auctions (SVA) is calling on all south coast used vehicle dealers and consumers to donate any unwanted running vehicles or part-exchanges to its charity auction for The Chestnut Tree House.

The charity auction takes place on Monday 19 November and this year is extended into the light commercial vehicle (LCV) auction on Tuesday 27 November. The auctions take place at SVA’s site on Chartwell Road, Lancing Business Park, Lancing, West Sussex.

SVA is looking for support to smash through the £100,000 barrier and beat last year’s total fundraising effort of £23,000.The auction is looking for all running cars and vans, regardless of age, shape and size, with or without an MOT, from dealers across Sussex, Hampshire and Surrey to auction and raise funds for the Arundel-based children’s hospice.

Having first opened its doors in 2003, The Chestnut Tree House currently cares for 300 life-limited children, both at the hospice and in families’ own homes. The hospice offers several types of support which includes; end of life care, psychological and bereavement support and short-break care.

It currently costs well in-excess of £3.5m each year to fund all the care services provided by Chestnut Tree House. The hospice relies heavily on the generosity, help and support of the people of Sussex, including the help received from the south coast motor trade.

SVA received fantastic support from the region’s motor trade last year with donations of memorabilia and part exchange cars from Yeomans Group, Frosts, Tates, Caffyns Volkswagen, Newton Honda, Dinnages, HA Fox and Harwoods. In addition to the generous donations, for every charity vehicle auctioned, SVA added a further £200 to the sale price, with no additional auction fees.

‘Our first charity car auction raised £2,000,’ said Catherine Stone, SVA’s dealership sales manager who has led the campaign since SVA began supporting The Chestnut Tree House in 2011. ‘The past two years’ auctions have each raised over £20,000 – the support we continue to receive is simply outstanding. However, we always want to push the boundaries and this year will not only see us smash through the £100,000 barrier since we began in 2011 but we would also like to make it three in a row for exceeding £20,000.’

Anyone with a car to gift to the charity auction can email catherine@shorehamvehicleauctions.com or call 01903 851200.