A race for vehicle refurbishing services could be sparked by used car stock shortages which are leading car dealers to downgrade the condition of stock they are buying to fill their forecourts, according to the Vehicle Remarketing Association.
Delegates at the Vehicle Remarketing Association’s The Challenges of 2019 seminar will be able to hear about the current state of the used car market and how it is likely to develop from Zeus Capital analyst Mike Allen.
A WLTP-prompted shortage in the supply of new vehicles has resulted in daily rental companies turning to the used car market to replenish their fleets, the Vehicle Remarketing Association (VRA) has said.
The Vehicle Remarketing Association has warned car dealers to expect an unpredictable used car market towards the end of this year and into 2019 as the sector feels the effects of the switch to WLTP emissions test legislation.
The Vehicle Remarketing Association's annual general meeting will offer delegates access to expert advice on dealing with diesel “demonisation” and the fall-out from the EU's incoming WLTP emissions and fuel consumption test regime.