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 the VRA, said, “Speakers at the event … [Read more...]
EVs becoming more acceptable at resale
A tipping point is close to being reached where there will be widespread dealer and buyer acceptance of electric vehicles, members of the Vehicle Remarketing Association were told at the organisation’s Annual General Meeting last week. Dale Wyatt, director of automobile at Suzuki GB, who presented on issues currently facing motor manufacturers, said that getting to that place would require a … [Read more...]
Buying & replacement cycles forever changed
Extensions forced on fleets by both the pandemic and much delayed order times for new vehicles have probably changed company car and van replacement cycles forever, reports FleetCheck. Peter Golding, managing director, said that fleets had realised that vehicles had the potential to be operated for markedly longer than had occurred in the past and had learnt a new skillset to enable this to be … [Read more...]
Greedy dealers are losing money on sales
Fleets "hanging onto" cars and vans in an attempt to achieve unrealistic and inflated valuations are causing distortions in the used car and van markets, say Glass's. Reluctance to sell below these guide prices, and continually resubmitting vehicles for sale at the same or other auctions, creates a range of problems, said Rupert Pontin, director of valuations. He explained: "Lately, we are … [Read more...]