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The Vehicle Remarketing Association (VRA) is meeting this month to address the challenges of retailing older vehicles.
The trade body meets at the Derby venue of motor industry law specialist Geldards on Wednesday 25 January, to see what the sector needs to do to make older vehicles as attractive as possible to buyers of used cars and vans.
Speakers will include Derren Martin of cap hpi, who will look at the factors contributing to the vehicle’s parc age.
Jon Butler of Geldards will examine the legal implications of selling old vehicles.
James Hopkins of ASKE Consulting will detail the latest trends in vehicle preparation and rebuild and Lee Coomber of Assurant will report on trends in warranties and the broader dealership proposition.
Philip Nothard, chairman, VRA, said: “The limited supply of new vehicles since the pandemic started has had a quite dramatic effect on the average age of vehicles on UK roads.
“This is a clear entry into the used car and van market and, as a result, buyers are being asked to pay more for old stock, a trend that looks likely to continue to develop for some time to come.
“This clearly presents a challenge for remarketing to ensure that the choices presented to consumers remain attractive and meet their needs in terms of condition, reliability and overall retail proposition.
“At this meeting, we will hear from various experts to find out more about what is happening within our sector to meet this need and what more can be done. This promises to be an interesting session.”
Meetings can also be accessed online in real time using Zoom for members who cannot attend in person.
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