Adrian Fielden-Gray, COO of national EV charging network Be.EV blames the UK Government for the slow sales of electric vehicles. "This is yet another example of the Government failing to provide enough incentives for EV drivers because the focus is always on car manufacturers but is never about what we can do to make EVs more appealing to consumers," he … [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...]
Uncoiling the myths about future EVs
Forthcoming advances in electric vehicles (EVs) are the focus of a new white paper by the Vehicle Remarketing Association. Called “The Future of Electric Vehicle Technology”, it has been written by battery electrochemist Euan McTurk, creator and presenter of Plug Life Television, a YouTube channel about EVs. It covers topics including diversification of … [Read more...]
Buyers and traders clash over interest charges
Dealers need to “very urgently assess” the implications of recent moves from the Financial Conduct Authority on historical motor finance commissions, says the Vehicle Remarketing Association. While the subject has been gathering prominence in recent weeks following two recent rulings by the Financial Ombudsman, a new programme hosted by personal finances … [Read more...]
Tradelines 31 January
Specialist motor insurance loss adjuster Claims Management & Adjusting says new Office for National Statistics figures showing an 8% annual increase in vehicle thefts are shockingly unsurprising. According to the ONS’s latest Crime Survey for England and Wales instances of “theft or unauthorised taking of a motor vehicle” increased from 122,423 in the … [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...]
EV values slide as fleets reshape businesses
Used electric cars and vans are expected to fall further in value in coming months, according one industry expert. The slippage might also see petrol and diesel models cut back by manufacturers to meet tightening ev sales targets by Government. Interference in the ICE market will have the effect of driving up values of existing models as a … [Read more...]
Profits possible despite a potential pitfall in 2023
A “difficult” 2023 lies ahead for the used vehicle sector but strong profits will still be possible, more than 150 delegates heard at the Vehicle Remarketing Association’s (VRA) Annual Seminar last week. Philip Nothard, chair at the industry body said that speakers at the event had detailed a picture of both economic and structural challenges. “There is … [Read more...]
Lower stock, bigger mix and longer retentions
Lower volumes of stock, changes to the available brand mix and longer vehicle retention will be among the major trends in the used car sector in the second half of 2022, says the Vehicle Remarketing Association. Philip Nothard, VRA chair said members expected the market to remain relatively strong but that significant difficulties remained and were likely … [Read more...]
