The National Association of Motor Auctions (NAMA) has reported a 13.6% rise in the average used car price as the average mileage at auction reached their lowest point on record.
Average used car selling prices saw a 7.5% increase at auction in August as retailers looked to fill their forecourts for September, the National Association of Motor Auctions (NAMA) has revealed.
The average used car selling price in the UK increased by 4.2% in June to £5,392, according to the latest figures from NAMA.
First time conversation rates at auction increased in February by 2.6% to 83.4% - the rate was down by 0.5% on the same period last year.
Vehicle remarketing specialist G3 Remarketing has invested in training from the National Association of Motor Auction (NAMA) for its vehicle inspection staff.
Vendors’ attempts to hold back stock for better prices in January led to disappointment amid high volumes and lower than expected values, the National Association of Motor Auctions has reported.
The National Association of Motor Auctions (NAMA) has reported a 0.4% decrease in first time conversation rates but a 2% increase in the average vehicle value at auction in December.
Average used car prices rose by 0.4% at auction during November as wholesale used car activity "cooled slightly" throughout November, reported the he National Association of Motor Auctions.
It is ‘business as usual’ in the used car market, despite the nationwide uncertainty in the UK following the EU referendum vote in June.
The National Association of Motor Auctions (NAMA) is urging fleets to provide more information about vehicles they de-fleet through its members’ sites.
An increasing number of used car dealers are taking advantage of the PDI services offered at auction due to a “time is money” approach to stock turn, claims NAMA.
The issue of increasing pre-registrations is very real as dealers seek to drive through volumes tol release the bonuses that are a vital part of profitability.
Data from the major motor auctions shows that ex-fleet stock is failing to reach the values of a year ago, although dealer part-exchanges are faring better.
The National Association of Motor Auctions said that an “increasing level of supply” had led to a 35% uplift in used van sales through its members in 2015.
The National Association of Motor Auctions (NAMA) found that average sales price in November increased by 3.6% from the previous month – from £5,441 to £5,637.
NAMA has seen a 20% drop in volumes of vehicles under two years old in October, showing dealers are effectively managing near-new stock.
The average sale price of a used car increased by 0.9% to £5,441 from £5,263 in October, according to the National Association of Motor Auctions (NAMA).
The growing use of pre-registrations has yet to feed any significant impact into auction values or volumes, according to the NAMA.
Fewer LCVs coming to market did not equate to higher prices or even higher conversion levels in August, according to the latest NAMA analysis.
Average sale prices decreased by 3.5% from £5,588 to £5,391 month-on-month, according to the latest report from the National Association of Motor Auctions.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
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