The speaker line-up has been announced for the 3 July Annual General Meeting of the Vehicle Remarketing Association, at BCA Birmingham. An update on the state of the UK automotive retail sector, examining its resilience and new opportunities arising despite economic challenges, will be presented by Omar Mirza and Kevin Lamb of global automotive consultancy … [Read more...]
Viable repairs of EV batteries close to happening
Viable repair of used electric vehicle batteries is “within reach” for car retailers, members of the Vehicle Remarketing Association heard at their first meeting of 2025. David Gray from Cox Automotive’s EV Battery Solutions told the audience that depending on the model and the battery technology in question, there was a real possibility that the car could … [Read more...]
Charging and charges in focus with remarketing group
Electric vehicle battery repair and handling the fallout from motor finance discretionary commission arrangements will be the key subjects under discussion at the first Vehicle Remarketing Association (VRA) meeting of 2025. Taking place at the Meriden, Warwickshire offices of VRA member epyx on Thursday 6 February, speakers will include Ashley Minors of … [Read more...]
Resellers told to expect a big market change
It seems 2024 will be the year of 'peak petrol' when it comes to how UK cars are powered, more than 160 delegates heard at the annual seminar of the Vehicle Remarketing Association. Louis Maxwell, senior insight manager at Auto Trader, told the audience at The Slate, Warwick University, that growth in sales of electric vehicles (EVs) meant that volumes of … [Read more...]
Difficult 12 months coming for used models
The remarketing sector will face “many headwinds” next year but a wide range of opportunities remain, the Vehicle Remarketing Association’s annual seminar was told. The event, which took place at The Slate, Warwick University, was attended by almost 200 delegates and looked at the subject of “2024: The Year Ahead in Remarketing.” Philip Nothard, chair at … [Read more...]
Financial squeeze is cutting used car choice
The financial squeeze is starting to hurt car buyers. AA Finance said motorists are borrowing 5% less for used car purchases this year as the cost-of-living crisis bites. This time last year, the average loan would be enough to buy seven of the 10 most popular used cars but only four would be affordable after price rises were taken into account this … [Read more...]
Newslines 2 May
Aston Martin Works is announcing the availability for the first time in decades of new major components, including gearboxes and engine blocks, for some of the brand’s most iconic sports cars. Working with trusted suppliers the team at the heritage home of the world-renowned British car maker has developed entirely new engine blocks, cylinder heads, … [Read more...]
Dealers putting brakes on buying EVs
Dealer margins are being squeezed as despite strong demand it is proving difficult to push retail prices up, according tp CAP HPI. This is due to consumers cost-of-living concerns and high used car prices from increases since the start of COVID, and especially in 2021 when values increased by c.30% on average. Plus there is strong competition from other … [Read more...]
Covid-19 has failed to contain car auctions
UK motor auctions have told the National Association of Motor Auctions it is ‘business as usual’ despite the four-week lockdown in England and the additional restrictions across the country. NAMA has recently held a member meeting where auctioneers discussed the challenges facing their businesses due to COVID-19 and analysed the current and future state of … [Read more...]
Newslines 1 July
The British Motor Museum will reopen on Saturday 4 July. As part of a phased reopening plan the Gaydon Museum will be open from Saturday 4 July to Monday 6 July, and then from Friday to Monday in subsequent weeks, but anyone planning to visit, including annual pass holders, will need to book in advance via the website and chose a timed arrival slot. The … [Read more...]
