Philip Nothard has been elected as the new chair of the Vehicle Remarketing Association, succeeding Sam Watkins, who has held the role for the last two years. With a 30 year career in the used car sector, he is currently insight and strategy director at Cox Automotive, and has also held key positions at Cap HPI as well as other senior roles across the automotive sector.
The latest temporary closure of Honda’s Swindon plant because of parts shortages could be the “tip of the iceberg” for new car supply issues in 2021, the Vehicle Remarketing Association is warning. Chair Philip Nothard said that the problem, believed to be caused by poor availability of semiconductors, was potentially a sign of things to come from all manufacturers.
With 2020 just around the corner, the future of the UK new car market looks bleak amidst economic and political uncertainty. The latest figures from the Society of Motor Manufacturers & Traders (SMMT) shows the new car market continued to decline with new registrations down 1.3 per cent year-on-year.
New diesel car sales are falling so quickly that there could be shortages of them on the used market in the near future, says the Vehicle Remarketing Association. The organisation, which represents companies that handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year, says that while new car diesel demand has plummeted, corresponding used demand has stayed relatively firm.
National No Smoking Day falls on 9 March and serves as a reminder of the new law, which bans smoking in vehicles carrying children. Not only is this a timely health warning, but motor industry valuation specialist, cap, warns that smoking in the car can also damage the resale value of vehicles. With this in mind, cap urges car owners to stub out the cigarette for a healthier body and bank balance.