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Readying for economic uncertainty is key priority for remarketing industry

Ensuring the remarketing industry is ready for “potentially quite sudden economic shifts” could be the key task facing the used car sector in 2018.

Being prepared for economic uncertainty is the key task for the remarketing industry, says the VRA.

So says the Vehicle Remarketing Association as it warns that increasing uncertainty over Brexit and the potential final scenarios might make the impact on the overall economy difficult to predict, hitting the remarketing sector.

Chair Glenn Sturley said: “Our view is that this is a time when knowing what is happening on an almost daily basis is essential for everyone working in the sector. Factors may change very quickly that affect the remarketing outcomes achieved.

“Also, it will be important to not commit to any single remarketing method. There may well be arguments for quickly altering the disposal strategies that you are using in response to changing circumstances.”

Sturley added that the VRA expected to play an important role for its members in ensuring that they were able to tackle 2018 in the best possible shape.

“We provide our members with up to date guidance and information, as well as the ability to access expertise from across the industry. This is one of those periods when the kind of support we offer can credibly be described as essential.”

For more of the latest industry news, click here.

For more of the latest industry news, click here.

Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.