NAMA CAR AUCTION REPORT MARCH 2017

Published 19/04/2017 00:00:00 in Press Releases

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

The report shows that overall in March:

  • First time conversation rates decreased by -0.1% to 83.3% from the previous month and down by -0.3% on the same period last year
  • Average sales value increased by 0.1% compared to last March from £4,959 to £4,965
  • Average mileage went down by -4.1% to 66,469
  • The first time premium was £83

Louise Wallis, Head of NAMA, commented, “The Wholesale market started the month buoyantly with high conversion rates and strong sales values. During the month, more stock arrived at auction which was generated from strong new car sales and the March plate change. This resulted in slightly weaker conversion rates and prices than at the start of the month.

Overall conversion rates for the month were only marginally lower than February and sales values were marginally better than last March.  This suggests the market is still performing well and coping with the recent increase in cars coming through the auction halls.”

 

ENDS

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

James Waring, RMI Press Department
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: james.waring@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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