A new trade association has been established in order to
represent the UK remarketing industry, which turns over £9 billion
(€10 billion) each year.
The Vehicle Remarketing
Association (VRA) is a not for profit association, set up by
senior members of the remarketing industry, both inventory owners
and service providers.
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Its inaugural chairman is John Davies, currently a non-executive
director of Autologic, who spent seven years as MD of Lloyds TSB
Asset Finance.
At the VRA’s launch on March 1, its membership list included
Arval, Autologic, BCA, CAP, EurotaxGlass, Fleet Auction Group,
Honda, Inchcape Retail, Lex Autolease, Lombard, Manheim, Paragon
Automotive, and RAC Inspection Services.
Davies said: “When you consider how large and influential the
sector is, it’s amazing it has not had its own trade body before,
to represent the diverse range activities which remarketing
comprises.
“We have thought very carefully about where we can drive
improvements and properly engage in this important area of the
automotive industry which is often over-looked and not truly
recognised for the value it contributes,” he added.
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By GlobalDataThe VRA said it is looking to recruit more members from any
organisation which has “a vested interest in remarketing” – such as
fleet operators, leasing and rental companies, motor manufacturers
and franchised dealer groups.
Jo Tacon
