The latest developments affecting motor manufacturers in the remarketing sector are the focus of the Vehicle Remarketing Association’s (VRA) member meeting for May.
Taking place at 10am on Wednesday 24th May at City Auction Group, Peterborough, it will feature Dean Bowkett, consultant at Indicata, who will look at current manufacturer strategies, especially surrounding electrification, contrasting UK and European markets.
Also, Mike Jones, formerly of ASE and now an independent consultant, will provide an update on the use of agency agreements in franchise dealer retail, especially looking at the experiences of manufacturers who have already taken that route.
Finally, Rob Severs, senior vice president of products and insight at iVendi will provide an explanation of the impact of the FCA’s new Consumer Duty regulations on dealer and lenders, while there will be a panel discussion looking at data issues currently affecting the remarketing sector.
VRA chair Philip Nothard said: “We’re perhaps going through the most volatile period for motor manufacturers that any of us will see during our lifetimes. While many are struggling to ramp up production following the pandemic and general supply shortages, they’re also being asked to make massive investments in electrification while also facing the new competitors from China and elsewhere.
“At the meeting, we’ll be working through the implications of this situation for remarketing in the UK, as well as looking at how agency agreements are working in practice, now that some major manufacturers have them in place. It promises to be a really interesting session.”
Further details about attending VRA meetings can be obtained by emailing info@thevra.co.uk.