The business has grown rapidly to support over 1,300 customers with finance facilities for used vehicle stocking.  Penetration of BCA sales reached 9% in January, and the operation is on-track to fund more than 75,000 units during the current financial period.

The company says churn in the used vehicle market, fuelled by strong retail sales in January has significantly reduced the average stocking period from the seasonal high recorded in December.

Commenting on the trend Malcolm Thompson, managing director of BCA Partner Finance said: "The strength of the used vehicle market coupled with an investment in innovation has seen our service offering grow rapidly.

We have experienced a busy start to the year and expect February and March to be exceptional months for our stock funding business.  And with a growing customer base, we have rolled out a national network of customer service advisors who advise buyers in each BCA auction centre."

BCA Partner Finance offers both franchised and independent dealers of all sizes 120 days funding on vehicles purchased at BCA auction centres. It was the first finance product to launch that is specifically designed for the UK remarketing sector.

Thompson said: "We are seeing our customers use the service to free up funds, which enables them to grow their business how they see fit. BCA Partner Finance has allowed dealers to trade more flexibly with many now looking to source stock seven days a week."

The service funds the whole auction purchase, including fees and VAT where applicable and interest, is charged at a competitive flat rate - equivalent on average to less than £2.00 a day – with both cars and LCVs eligible for funding using the scheme.

The stock funding service was launched in 2014 and funds 100% of the auction price including fees, delivery and VAT at competitive rates up to £25,000 on each vehicle.

Customers value the simplicity of the service, which is helping them to purchase additional stock from the huge choice available at BCA.  Dealers can use BCA Partner Finance to fund any BCA auction purchase, whether they are making a speculative buy, sourcing a vehicle to order or expanding the range and scope of their stock profile.