The Vehicle Remarketing Association (VRA) and the Car Remarketing Association of Europe (CARA) have signed a new agreement committing to closer collaboration.
A memorandum of understanding has been approved by both organisations’ boards, recognising “the benefits of co-operation in the future to the benefit of our members”, and granting each organisation corporate membership of the other.
It also recognises the potential for swapping best practice ideas, sharing expertise, campaigning together on key issues affecting the remarketing sector internationally, and potentially holding joint events.
VRA chair Philip Nothard said: “We’ve been talking to CARA on an informal basis for some time and it is clear that we have much in common as industry bodies and much to gain from working together in a manner that adds value for members.
“The memorandum of understanding, which has the backing of directors across both organisations, is an agreement that will allow us to investigate future areas of co-operation. This is as an exciting development with significant potential.”
CARA chair Luis Maria Perez-Serrano said: “CARA and the VRA fulfil very similar roles in the UK and Europe, providing a valuable forum for the remarketing sector in their respective territories.
“We welcome this agreement, the opportunity to work side-by-side and establishing closer links.”
