NAMA CAR AUCTION REPORT JULY 2017

Published 17/08/2017 00:00:00 in Press Releases

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

The report shows that overall in July:

  • First time conversion rates increased by 3.8% to 79.2% from June - the rate was also up 3.2% on July 2016
  • Average selling value decreased -0.6% from £5,392 to £5,361
  • Average mileage went up by 1.3% to 64,916
  • The first time premium was £66 – down by £29 (-30.5%) on last month

Louise Wallis, Head of NAMA commented, “It is positive to see that auction activity strengthened further in July. 

“First time conversion rates were just below where they were in January at 79.2% - coming in significantly better than the same period last year.

“Increased demand from trade buyers led to hammer prices bouncing back from where they were over the last quarter, with strong prices achieved for stock in the best conditions.

“We anticipate the market to remain stable and look forward to seeing what the coming months bring.”

 

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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