Used BMWs fetch £9.2m at auction

A British Car Auctions (BCA) sale of used BMWs saw 325 vehicles sold for a total of £9.2 million.

The cars fetched £29,700 on average, going for just over 73% of their original cost and around 107% of their assessed value.

Some of the cars that featured at the the Virtual Auction at Park Plaza Riverbank last month had come into the used-car market for the first time.

Among the debutants were the Mini Cooper D Countryman, new 520d, 525d and 530d 5 Series models and the X5 X-Drive 4.0d M Sport.

BMW's group remarketing manager Tony Dean said: "Our partnership with BCA continues to generate outstanding results that represent the best that can be achieved whatever the prevailing market conditions.

"The virtual sale generated a substantial turnover and the exceptionally strong price performance against both guide prices and original cost new reflect the strength of our product offering."

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