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VRA conference highlights rising car parc
Date: 03 October 2013 | Author: Tristan Young
The cyclical nature of residual values and inefficiencies in the remarketing industry formed the backbone of discussions at the 2013 Vehicle Remarketing Association Conference.
Several speakers highlighted the link between low levels of new car registrations over the past few years, current high used car prices and competitive contract hire rates.
The speakers also pointed out that the used car parc for ex-fleet cars was set to increase over the next few years, which could push down residual values.
Cap's Adrian Rushmore and Autofutura's Craig Smith highlighted an expected increase in the used car parc in the next four years, for cars between three and five years old.
Other speakers also highlighted inefficiencies in the remarketing industry including the time taken for a car to go from fleet, through the remarketing process to the next end user, which currently stands at an average of 118 days.
Come back to BusinessCar.co.uk next week for a full analysis of the VRA conference.
