Falling EV values are stabilising once they reach price parity with ICE equivalents, March’s meeting of the Vehicle Remarketing Association (VRA) was told.
Seasoned veteran Graeme Potts insists that franchise motor retailers will continue to be the indispensable interface between manufacturers and customers.
Dale Wyatt, Suzuki GB director of automobile, is expecting electric vehicle price parity with internal combustion engine (ICE) vehicles by 2024.
Dealers and remarketing firms need to increase their investment in vehicle reconditioning to ensure older vehicles meet the expected retail standard.
The Bank of England is battling to reduce inflation in the UK from the high and harmful levels it has reached in 2022, and members of the Vehicle Remarketing Association heard first hand about its methods this week.
Car retailers will have to cope with reduced margins and increased competition as changing market conditions spell the end of “super profits”.
The Vehicle Remarketing Association (VRA) has launched a quick-fire ‘five-minute briefing’ document series with a series od short sector-wide takes on the reopening of car showrooms after COVID-19 ‘Lockdown 3’.
The temporary closure of Honda’s Swindon plant due to parts shortages this week could be the “tip of the iceberg” for new car supply issues in 2021.
Board members from the Vehicle Remarketing Authority (VRA) will discuss lessons learnt from 2020 and 2021’s biggest opportunities in the final instalment of a series of webinars.
The Vehicle Remarketing Association (VRA) will look to address concerns surrounding COVID-19 and the impact of Brexit in its upcoming Vehicle Retailing in 2021 webinar.
