Over one hundred members joined the BVRLA’s final Residual Value and Remarketing (RVR) Forum of 2021 last week, the most well attended of the year.
Speaker highlights included:
- cap hpi told how used values for three-year-old cars are on average up over 25% in the last 12 months, with MPVs and SUVs as the best performing sectors
- New car supply remains heavily affected by component supply issues, with expectations this will last well into next year
- Lloyds Banking Group shared that consumer confidence is starting to slip, yet business confidence is up strongly and investment intentions are still buoyant
- A rise in UK interest rates now looks inevitable, although markets may be overestimating the extent of the increase.
Presentations from the forum are available on the RVR Forums page, where members can also find details of subscribing to the 2022 programme. The next forum will be held on 10 February 2022, with subsequent forums in June and November, expected to span virtual and physical events.
Members can send up to two delegates to all three of the RVR Forums in 2022 for an annual subscription of £500+VAT. Contact a member of the BVRLA team if you would like to subscribe or have a query about forums at [email protected].
The BVRLA will also run a series of Technical and Operational Management (TOM) Forums in February, June and November 2022.
If you are interested in sharing your thoughts with the association’s wider membership, have a look at the BVRLA Brand Partnership Opportunities. Members interested in sponsoring future forums should email [email protected].
