The Vehicle Remarketing Association has published a new Five Minute Briefing document that analyses the supply issues affecting the used car and van sectors.
Six experts from the industry body’s board have summarised, in a single paragraph, what they expect to be the result of the current headwinds affecting availability: including the semiconductor shortage, the coronavirus pandemic and Brexit.
They include Derren Martin, head of valuations at Cap HPI; remarketing consultant Cliff Deller; Rupert Pontin, director of insight at Cazana; Marcus Blakemore, director, MJB Automotive Solutions; and Gary Xuereb, commercial director, DMN Logistics.
The global semiconductor shortage has significantly affected the production of new vehicles, leading to significant delays in new car and van lead times.
Philip Nothard, chair at the VRA, whose views are also included in the document, said: “We produced our first Five Minute Briefing for the reopening of dealer showrooms and it proved to be a very popular document, providing useful takes from a variety of voices in an easy-to-digest format.
“The new edition tackles what we believe to be potentially the biggest issue facing the used car and van sectors at the moment. It is becoming clear that supply is going to be a problem for some time to come and we have tried to look at its effects from as many different remarketing angles as possible.”
The briefing can be obtained by emailing: firstname.lastname@example.org.