Year-on-year operating profits for BCA Marketplace were up 21% to £40.9m in H1 2017.
The result was driven by a 28% year-on-year rise in revenues, which totalled over £1.1bn. This was attributed by BCA to growth in WeBuyAnyCar, which sold 107,000 vehicles, up 13.8% year-on-year.
Volumes for UK vehicle remarketing exceeded half a million units (+6.9%), with international remarketing also growing to 175,000 units (+4.2%).
Avril Palmer-Baunack, executive chairman, said: “Vendors continue to recognise the advantage of the auction model to optimise pricing and cash flow in a dynamic and changing market, with demand from our buying customers remaining robust.
“Our expanded automotive services offering has performed well overall through increased de-fleet, refurbishment, logistics and linked services. Integration of the acquired businesses has resulted in our own transporter fleet now providing one-third of all auction vehicle movements for our UK remarketing division, driving internal efficiencies.
“We are pleased that the second half to date has seen the strong performance continue and is in line with our expectations, and we therefore remain confident that we can continue to deliver our profit and growth targets.”