AM Online

Pre-registrations volumes yet to impact remarketing sector, says NAMA

The growing use of pre-registrations has yet to feed any significant impact into auction values or volumes, according to the National Association of Motor Auctions (NAMA).

NAMA said dealers have so far been able to absorb the growing number of nearly new vehicles as manufacturers and dealers seek to achieve ambitious volume targets.

Year-on-year, volumes of nearly-new vehicles coming through NAMA’s wide network of auction centres were broadly in line with the activity in the corresponding 2014 period.

In terms of average of vehicles in the new – 2.5 year category coming to market, the age actually increased slightly. It appears that pre-registration vehicles are remaining within the franchised network.

Paul Hill NAMA chairman, said: “It seems that for now franchised dealers have been able to absorb the increasing volumes of pre-registered stock that we understand are a growing feature of the market.

“With retail sales growth for new cars at a little over 3%, it seems likely that dealers are successfully retailing used stock through, potentially helped by the availability and price of finance. The demand from consumers is there and the value proposition of a pre-registered car with low rate finance is a compelling one.”

Click here for used car best practice and procurement insight

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.