The latest advances in car and van inspection and valuation will be examined at the next member meeting of the Vehicle Remarketing Association (VRA).

The event will explore everything from new uses of AI in vehicle assessment to the initial impact of NAMA’s van grading

Taking place at Cox Automotive’s Innovation Centre at Bruntingthorpe, Leicestershire, on Thursday 20 March, it will feature a discussion panel discussing the use of AI in vehicle appraisal and including Adrian Kelly of Cox Automotive, Phil Deegan of PAVE and Simon Jackson of VQS.

Also, Paul Hill of the National Association of Motor Auctions (NAMA) will update on his organisation’s van grading programme, the economics of investing in vehicles to meet higher gradings, and the latest in conversion rates and stocking costs.

Peter Lawton from the Society of Motor Manufacturers and Traders (SMMT) will examine new data showing the most common reasons for MOT failures and the implications for the remarketing sector.

Finally, Marc Thornborough of Auto Trader will provide a detailed examination of the current new and used car markets.

Philip Nothard, chair at the VRA, said: “Vehicle inspections and valuations are at the very heart of the remarketing process and there have been a range of recent technological and organisational advances that are enabling new approaches.

“At this meeting, we’ll be looking at everything from new uses of AI in vehicle assessment to the initial impact of NAMA’s van grading. It promises to be a session that will generate immediate ideas that our members can take back and apply to their businesses.”

Further details about attending VRA meetings can be obtained by e-mailing [email protected].