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.
Nobody would argue with the statement that the times in which we are currently living are unprecedented, both in our commercial and everyday lives. We are having to face a constant barrage of new challenges to our usual ways of doing business, taking account of changes – some seemingly conflicting – in legislation and recommended working practices. There is much talk about ‘the new normal’ as people and companies try to adapt to different ways of working. Lockdowns and social distancing have added to the pressure felt by many, with staff being furloughed and told to stay at home for many weeks – in effect being paid not to work.
Retail-ready stock is becoming ever more in-demand in the post-lockdown used car market, the Vehicle Remarketing Association is reporting. VRA chair Sam Watkins explained that dealers were trying to make the process of acquiring and retailing stock as straightforward as possible at a time when the ongoing effects of the coronavirus crisis meant that key services such as transportation remained erratic.
The post-Brexit economic outlook, developments in vehicle autonomy and the impact of the Government’s 2035 electric vehicle announcement will all be part of the Vehicle Remarketing Association’s next member meeting, taking place on March 18 at the offices of motor industry legal specialists Geldard’s in Derby.
A potential “charging crisis” could soon emerge among vehicle remarketing companies as electric vehicles start to make their way onto the used market in larger numbers, says the Vehicle Remarketing Association.
The speaker programme for the Vehicle Remarketing Association’s “2020 Vision” seminar has been announced as the event reaches capacity with the final delegate spaces booked.
More than 150 industry professionals are expected to attend The Slate at Warwick University on Wednesday 27th November to hear a programme designed to help equip them to meet the challenges facing the sector in the coming year.
The challenges facing the remarketing sector in 2020 is the subject of a major, free seminar that has been announced by the Vehicle Remarketing Association, which represents organisations involved in buying, selling and preparing 1.5 million used vehicles every year.
The latest developments in end of life vehicle inspections is the core theme of the Vehicle Remarketing Association’s next meeting, taking place on September 18 at the Derby offices of motor retail legal experts Geldards.
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.
Outstanding manufacturer recalls could be the next issue of interest for Trading Standards in the used car sector, says the Vehicle Remarketing Association. The organisation, which represents businesses that handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year, says that it has received reports of dealers being asked about this issue by Trading Standards.
An increasing shortage of good quality stock in the used car sector means that there is a growing emphasis being placed on vehicle preparation for sale, says the Vehicle Remarketing Association.
Almost 50 people attended last week’s Vehicle Remarketing Association member meeting in what the organisation described as a “sign of the current, increased interest in remarketing.” Held at the premises of GEFCO in Coventry, the event covered the latest developments in leasing company remarketing. VRA members together are involved in handling, selling, inspecting, transporting or managing more than 1.5 million used vehicles every year.
Rapidly changing vehicle technology means that the remarketing sector is going to have to undergo an unprecedented period of upskilling over the next decade, 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 the rise of electric vehicles, increased connectivity and increasing levels of autonomy will all have an impact.
The Vehicle Remarketing Association has added its support to the British Vehicle Rental and Leasing Association’s response to the current Government’s Worldwide Harmonised Light Vehicle Test Procedure (WLTP) consultation. Sam Watkins, chair at the VRA, said that her organisation shared the BVRLA’s concern about how the potential, negative impact on the company car sector could have widespread repercussions.
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