Over 60 members joined the BVRLA’s second online Residual Value and Remarketing (RVR) Forum of the year last week.
Aston Barclay shared its latest used market insight report, which said: “after a strong market in Q3, demand remained solid during October which delivered further price growth, particularly in the late and low and fleet sectors” and “October saw used vans and double-cab pick-ups reach new record price levels as stock was very scarce.”
Graeme Chaplin from the Bank of England provided an economic outlook, sharing his personal view that the UK economy would take two years to recover to pre-Covid levels. A quick poll of delegates at the event found that 58% thought the recovery would take 12-24 months.
The forum concluded with a panel discussion and Q&A with representatives from Aston Barclay, Europcar Group UK, cap hpi, Kinto UK and the BVRLA.
Feedback received from delegates included “Thanks to the panellists. Very useful and informative” and “I thought all the speakers were interesting, insightful, engaging and easy to understand!”
Presentations from the Forum are available on the Residual Value and Remarketing Forums page, where members can also find details about attending forums in 2021. The first forum will be held on 11 February.
You can find more insights on the BVRLA’s dedicated Residual Value and Remarketing web page.
If you are interested in sharing your thoughts or offerings with the association’s wider membership, have a look at the BVRLA Brand Partnership Opportunities. Members interested in sponsoring future forums should email firstname.lastname@example.org.