Just one in four drivers (26%) say that it is safe to make a hands-free call while driving, new findings show. May’s Startline Used Car Tracker also shows that 36% don’t make hands-free calls because they believe them to be risky and the research also shows that 16% make hands-free calls but acknowledge their concentration on driving is worse, and 22% say … [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...]
EV prices are stabilising after steep fall
Falling electric vehicle values are stabilising once they reach price parity with their internal combustion engine equivalents, March’s meeting of the Vehicle Remarketing Association was told. Andy Shields, global business unit director, of Indicata, presented data for a variety of EVs that showed this trend, following on from the dramatic price falls seen … [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...]
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 … [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...]
Certified Recycled parts see booming demand
Motorists in the UK saved £99 million in 2022 by opting for used parts and accessories instead of brand-new replacements, according to research by eBay. The online marketplace revealed the impact of second-hand parts as it relaunched its Certified Recycled programme, which sells recycled vehicle parts from 81 certified sellers. Certified Recycled parts … [Read more...]
Government support is needed for used EVs
As prices for used EVs have collapsed across the UK, the motor trade is calling for Government intervention and support to encourage private buyers. Support for the used electric vehicle market should be a feature of next month’s Spring Budget, says the Vehicle Remarketing Association. The trade body believes there is an imbalance in government incentives … [Read more...]
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