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...]
Newslines 6 February: The Beatles Minis on show
Later this month The London Classic Car Show will celebrate the 60th anniversary of the Mini Cooper S in chart-topping style when all three surviving Minis originally owned by the Beatles are reunited for the very first time in 55 years. This once in a generation display at Kensington, Olympia over the 24-26 February weekend, features the famed Minis of … [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...]
Tradelines 27 July
Messe Frankfurt, organisers of the UK Garage and Bodyshop Event, has presented a cheque to Ben for £1,063, following a highly successful partnership at this year's show. The amount was raised through a combination of corporate donation and individual donations that Ben received from attendees at the show who took part in a video game racing challenge … [Read more...]
Newslines 17 June
Parents in the UK are spending over £2,400 every year, or £46.15 a week, driving their children to different activities such as parties and hobbies, according to Zuto Finance. The daily school run accounts for the highest percentage of expense and fifth are taking their children over 150 miles a month. South Wales based Veezu, the UK’s fastest growing taxi … [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...]
Sellers must beware of legalities around “autonomous vehicles”
Care will be needed in future when describing the capabilities of autonomous car technology for marketing purposes, warned the Vehicle Remarketing Association. The Law Commissions of England and Wales, and Scotland, have recently reported on the proposed legal framework surrounding the use of this technology, and their joint report includes firm … [Read more...]
Pingdemic is punishing motor trade
Recruitment issues and the need for self-isolation are causing staffing issues across the remarketing sector, reports the Vehicle Remarketing Association. Chair Philip Nothard said that VRA members were experiencing issues finding staff to fill all kinds of long-term positions, and that the problem was being exacerbated by the ongoing short-term demands of … [Read more...]
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