NAMA CAR AUCTION REPORT MAY 2017

Published 28/06/2017 00:00:00 in Press Releases

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

The report shows that overall in May:

  • First time conversion rates decreased by -1.2% to 74.1% since April - the rate was up by  0.9% on the same period last year
  • Average selling value increased 3.0% from £5,027 to £5,176
  • Average mileage went down by -0.1% to 64,379
  • The first time premium was £61 – down by £30 (-33.0%) on last month, and down by £143 (-70.1%) on the same period last year.

Louise Wallis, Head of NAMA commented, “Activity in the auction market throughout May continued to be challenging.

“High stock volumes and a lack of desire from buyers to pay what many consider to be above market prices for average stock, has led to a further weakening in conversion rates.

“With the summer months among us, we are keen to see the auction market stabilise.”

 

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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