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 impact of the coronavirus crisis and potential effects of Brexit are making planning beyond the short term almost impossible in the remarketing sector, reports the Vehicle Remarketing Association (VRA). The association says the currently booming market is arguably obscuring the potential dangers that lie ahead. Chair Sam Watkins said: “As has been widely reported, the sector is very, very busy and we are seeing highly unusual trends such as car and van values continuing to rise through the Autumn when they would normally be written down.”
Remarketing fundamentals for 2020 is the core theme of the Vehicle Remarketing Association’s first meeting of the year, taking place on January 29 at Bruntingthorpe in Leicestershire, hosted by C.Walton.
The retail motor industry must do more to educate customers on the wide range of fuel choices they now face, members of the Vehicle Remarketing Association were told at the organisation’s July member meeting. Both David Bailey, professor of business economics at the Birmingham Business School, University of Birmingham, and Rupert Pontin, insight director at Cazana, spoke at the event and highlighted how this process would be crucial to future sales.
Pre-registrations are returning to the new car market in a noticeable manner, members of the Vehicle Remarketing Association were told at the organisation’s July member meeting. Speakers Mike Jones, chair of ASE Global and Rupert Pontin, insight director at Cazana, both indicated in their presentations that late-month registration activity was increasing.
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.
The balance of stocking diesel, petrol, hybrid and alternative fuel used cars is set to become a more important issue for dealers over the course of 2018, says the Vehicle Remarketing Association. The trade body, which represents members that are involved in the remarketing of more than 1.5m vehicles per year in total, says that the process is likely to be relatively measured but also unavoidable.
Giles Rayner of Nissan has been confirmed as the final speaker in the line-up for the Vehicle Remarketing Association’s free-to-attend Annual Seminar, taking place next week (23 November). The national used vehicle remarketing manager will be looking at alternative fuel vehicles and their likely place in the remarketing mix over the coming year and into the future.
Diesel is likely to remain a crucial part of the motor trade’s fuel mix for the foreseeable future and the motor industry should “remain calm” over its future values, says the Vehicle Remarketing Association. The trade organisation – which represents companies that are involved in remarketing more than 1.5 million vehicles every year – says that there is every reason to expect that the values of most diesels will stay relatively stable.