AM Online

Motor auction activity slowed, says NAMA

The National Association of Motor Auctions (NAMA) has published its monthly car auction data report for October 2017.

The report shows that overall in October:

  • First time conversion rates decreased by -2.2% to 83.2% from September- however the rate was up 3.1% on the same period last year
  • Average selling value decreased -2.3% from £5,893 to £5,759 from the previous month, however positively was up 7.7% from last Octobers figure of £5,347
  • Average mileage went up by 1.2% to 64,054 – falling by 1,793 miles compared to the same period last year
  • The first time premium was -£70 – a -137% decline on last month

Louise Wallis, head of NAMA, said, “Auction activity declined in October which is fairly normal this time of year, however the month did start off on a high note following the strong market in September.

“Demand from buyers eased through the month and as a consequence hammer prices fell.

“We anticipate that auction activity will remain stable going into the final quarter.”

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 register or login.

Login to comment


No comments have been made yet.