NAMA CAR AUCTION REPORT FEBRUARY 2017

Published 23/03/2017 00:00:00 in Press Releases

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

The report shows that overall in February:

  • First time conversation rates increased by 2.6% to 83.4% - the rate was down by -0.5 on the same period last year
  • Average selling value decreased -4.8% from £5,296 to £5,041
  • Average mileage went up by 2.3% to 66,811
  • The first time premium was £74

Louise Wallis, Head of NAMA commented, “Wholesale activity in February was buoyant. It was clear that the excess volumes experienced in January had largely washed through auction centres.

“Whilst there was no shortage of stock, demand led to an increase in conversion rates.  

“The following weeks will see large numbers of part exchange vehicles entering the market following the plate change in March. The current demand for cars should allow these vehicles to be absorbed by the market as they are bought to supply dealer forecourts to fulfil consumer demand.

We now look forward to seeing what the first quarter of 2017 brings.”

 

ENDS

Notes for editors: The full NAMA Car Auction report is available from the RMI press office on request.

Rupal Rawal, Press Officer
Tel: 020 7307 3412
Mob: 07528 977 157
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk  Email: rupal.rawal@rmif.co.uk

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.

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