With an estimated value of £200m and a history going back to before the Second World War, the remanufacturing industry is big business.
Most manufacturers have an exchange programme run through their parts department, but until now it has had no official representation.
Following the forum, the SMMT hopes to hold committee meetings every six months to help improve awareness and create links to benefit the remanufacturing industry.
“I don’t think the government appreciates the waste in the motor trade, and people don’t realise that remanufacturing is a high tech industry,” said organiser Russ Murty. “Customer perception is that they want new, and we’re trying to get over that.”