The Vehicle Remarketing Association (VRA) has announced it will be holding a free seminar that will discuss the key challenges the remarketing sector will face in 2020.

VRA represents organisations that are involved in buying, selling and preparing 1.5 million used vehicles every year.

Cazana has sponsored the event, which will take place at The Slate, Warwick University on November 27.

There are free places for up to 150 delegates to attend.

Sam Watkins, chair at the VRA, said: “It is no exaggeration to say that the factors being faced by the remarketing sector into the next year are unprecedented in their scope and scale.

“At a macroeconomic level, we have the highly unpredictable effects of Brexit, at a vehicle level we have electric cars starting to arrive in the sector in larger numbers, while in retailing we have everything from increased online presence through to mobility solutions.

“Taken together, these subjects could bring about genuinely structural changes to remarketing.

“What we will be doing is looking at the picture in a format that is designed to be fast and informative, providing as much information as possible within a day to our members and other delegates ranging from fleets to manufacturers and dealers to leasing companies.”

Issues that will be looked at range from a possible recession and Brexit through changes in digital retailing and dealer margins, as well as examining future mobility and consumer behaviour.

Cazana director of insight, Robert Pontin, said: “We’re very excited to be part of this year’s seminar and pleased to be working with the VRA on 2020 Vision.

“We are looking forward to using this exciting day to get our vision across to this important industry audience at this time of political and economic uncertainty and change.”

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