There are indications the bubble is about to burst for electric car registrations and sales. Widespread pre-registration of electric cars is likely in the fourth quarter of 2025, a member meeting of the Vehicle Remarketing Association was told. This is because dealers and large fleets have been told car makers will be offering hefty discounts to them … [Read more...]
Anti-fraud law threat to car businesses
Remarketing businesses may be vulnerable to a new anti-fraud law that came into force on 1 September 2025, warns the Vehicle Remarketing Association. The Economic Crime and Corporate Transparency Act (ECCTA) creates a new corporate offence of “failure to prevent fraud” that heralds a shift in the UK’s fight against economic crime, said VRA legal counsel Jon … [Read more...]
Profitability warning with over-supply of cars
Oversupply could begin to push the new car market back towards the kind of peaks seen in the mid-2010s, members heard at a meeting of the Vehicle Remarketing Association. However, a return to nearer 2.5 million sales would be unlikely to represent real demand and would generally be accompanied by poor unit profitability for dealers, the event at BCA … [Read more...]
Future of AI in RV to be discussed by VRA
The latest advances in car and van inspection and valuation will be examined at the next member meeting of the Vehicle Remarketing Association. Taking place at Cox Automotive’s Innovation Centre at Bruntingthorpe, Leicestershire, on Thursday 20 March, it will feature a discussion panel talking about the use of AI in vehicle appraisal including Adrian Kelly … [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...]
Fleets bridging the EV gap
A larger proportion of fleets are adopting electric vans for higher mileage roles than those who plan to use them for lesser distances, new research show. The 2024 Arval Mobility Observatory Barometer asked fleets how they were using, or were considering using, three classes of electric van as they transitioned from diesel. Out of those operating small … [Read more...]
Prioritise EVs and motor industry investment, says trade
A focus on electrification and investment in the UK motor industry should be among the priorities of the new Labour government, says the Vehicle Remarketing Association. Philip Nothard, chair at the trade body, said that while it was clear that the administration wouldn’t have large sums of money to spend, it should be concentrated in areas that produce the … [Read more...]
Measuring degradation and demand for used EVs
Battery health checks and their impact on the used electric vehicle market will be the main discussion at the July member meeting of the Vehicle Remarketing Association. Being held at Cox Automotive in Bruntingthorpe, Leicestershire on Thursday 25 July, it will include contributions from battery health experts Aviloo, Altellium and Clearwatt, as well as the … [Read more...]
Covid cars masking missing features
Cars made during the pandemic with irregular specifications are causing valuation issues as they start to appear on the used market, says the Vehicle Remarketing Association. It is causing a headache for dealers and annoying customers who think they are getting models with higher specifications than is the case. Marcus Blakemore, chair of the trade body’s … [Read more...]
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