Half Year Results 

BCA unfazed by ex-fleet shortfall

BCA unfazed by ex-fleet shortfall

By now it would be obvious to most investors that if any correlation exists between the performance of BCA Marketplace (BCA) and the wider automotive complex, it would be tenuous at best. Nevertheless, the owner of WeBuyAnyCar doesn’t operate in a bubble, so the supply issues in the European auto market brought about by tougher emissions standards translated into fewer ex-fleet vehicles coming onto the market. It’s an industry-wide issue, and the bottleneck is likely to persist through the group’s second half, although executive chairman Avril Palmer-Baunack, who recently attracted the ire of shareholders over her £29m bonus, said there were already signs that “the disruption was easing”. Anyway, it’s a case of ‘swings & roundabouts’ where BCA is concerned, because even though dwindling ex-fleet volumes meant less refurbishment work and lower revenues for the services arm, the vehicle shortfall also had the effect of bolstering used car prices.

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