![BCA, known as British Car Auctions in Britain, is one of the largest resellers of used cars in Europe through auctions.](https://webarchive.library.unt.edu/dentonfracking/20141022180952im_/http://graphics8.nytimes.com/images/2014/10/06/business/dbpix-bca/dbpix-bca-articleInline.png)
LONDON — The British used-car auctioneer and reseller BCA Marketplace said on Tuesday that it had called off its initial public offering in London, the latest European company to delay or withdraw its plans to go public amid uncertain markets.
BCA, which is backed by the private equity firm Clayton, Dubilier & Rice, announced plans on Oct. 6 to list its shares in London and said at the time that it hoped to raise 200 million pounds, or about $322 million, in the offering.
The company had expected to sell about 25 percent of its capital and to begin trading in November.
“Given the volatility in global equity markets, the board and shareholders of BCA Marketplace have chosen not to proceed with its initial public offering at this time,” the company said in a news release.
About a half-dozen I.P.O.s in Europe were withdrawn or postponed this month as new listings performed poorly in volatile markets. The companies that suspended plans for offerings include the British bank Aldermore, the Italian cosmetics company Intercos, the French engineering and construction company Spie, the Italian technology company Italiaonline, and Virgin Money, the British financial services firm partly owned by the billionaire Richard Branson.
The companies backtracked after Zalando, a German shopping website, and Rocket Internet, a German technology company, struggled after their highly anticipated offerings this month, and in the wake of intense market volatility in the past week. Both companies continued to trade below their offering prices after debuting in Frankfurt this month.
Pershing Square Holdings, a fund controlled by the activist investor William A. Ackman, was up less than 1 percent to $23.20 in early trading in Amsterdam on Tuesday, but it continued to trade below its offering price just over a week ago.
One of the few bright spots has been Jimmy Choo, the British luxury shoe brand. The shoemaker’s shares were flat in their first day of trading in London on Friday, but they have since traded higher. Shares of Jimmy Choo rose 2.9 percent to £1.52 in early trading in London.
BCA, known as British Car Auctions in Britain, said it was “encouraged by the broad engagement and interest” shown by investors, but determined it was better not to proceed with an I.P.O. at this time.
The company is one of the largest resellers of used cars through auctions in Europe.
BCA operates more than 200 locations in 13 European countries, and it sold more than 900,000 vehicles in 2013. About 37 percent of its sales are online, BCA said.
It also operates the We Buy Any Car brand, which purchases automobiles for resale. The brand operates in Britain and the Netherlands, and it acquired more than 120,000 vehicles for resale last year.
BCA posted revenue of £442.3 million in 2013.