Wholesale vehicle market holds steady through June, says NAMA

The wholesale vehicle market continued to show resilience through June, with stable pricing and improving conversion rates, according to the National Association of Motor Auctions (NAMA).

Speaking after the organisation’s June 2025 market meeting, NAMA spokesperson Paul Hill said the market had performed “steadily”, despite ongoing challenges in the electric vehicle (EV) segment.

In the light commercial vehicle (LCV) sector, demand for internal combustion engine (ICE) vans remained strong, with well-graded stock performing particularly well. Although availability varied across auction houses, appetite for newer, long-range battery-electric vans (BEVs) is gradually increasing, Hill noted.

Across the EV market, values continued to soften, falling by 1.8% in June following a 2.8% drop the previous month. Tesla volumes remained high but are now having less of an impact on overall values. However, NAMA members are seeing strong retail interest in newer BEV and plug-in hybrid (PHEV) models that offer improved range and specifications.

Petrol and hybrid vehicles continued to perform robustly, with only slight price movements of -0.4% and -0.5% respectively. The average movement across all vehicle types stood at -0.7%, which Hill said was better than expected for the time of year. Conversion rates also improved steadily over the past two months.

Retail activity mirrored the wholesale market’s strength, with franchised and independent dealers both reporting steady sales and healthy stock turnover.

“While there are still some areas requiring close attention, such as EV values, the wholesale market remains in good shape,” Hill said. “NAMA members are seeing strong buyer demand for quality vehicles, and we expect this trend to continue into July.”