Lex Autolease has signed a new five-year remarketing contract with BCA – marking one of the biggest volume contracts in the used automotive sector.
BCA will supply a range of services to Lex Autolease and Black Horse vehicle finance; both of which are part of the Lloyds Banking Group. The deal includes vehicle remarketing, inspect and collect services at end of contract, V5 and ‘cherished plate’ management and pool fleet management.
The remarketing work will see Lex Autolease and Black Horse vehicles – including cars and LCVs – sold via BCA Online and the BCA Buyer app and fixed price platforms and e-auction.
The original deal signed between BCA and Lex Autolease in 2016 is said to have established the template for efficiently managing large volumes of vehicles into the used marketplace supported by a full range of automotive services.
Avril Palmer-Baunack, executive chairman of BCA owner Constellation Automotive Group, commented: “BCA and Lex Autolease have a long history of innovation and partnership and this renewal underlines that BCA operates the most efficient, sustainable and profitable vehicle exchange with the capacity to meet the needs of the biggest operators in the industry.”
She added: “This major contract comes on the back of a busy period, as BCA has exclusively won and retained business representing in excess of 250,000 vehicles since the turn of the year and this reflects our innovative and flexible approach to developing multichannel remarketing partnerships that really meet the needs of our customers.”