NAMA CAR AUCTION REPORT NOVEMBER 2016

Published 20/12/2016 00:00:00 in Press Releases

The National Association of Motor Auctions (NAMA) published its monthly car auction data report today for November 2016.

The report shows that overall in November:

  • First time conversation rates decreased by -0.9% to 79.2% - however were still up 2.9% on the same period last year
  • Average selling value increased 0.4% from £5,347 to £5,370
  • Average mileage went down by -1.7% to 64,738
  • The first time premium was £80 – down by a massive £106 (-57%) on last month, and down £14 (-14.7%) on the same period last year

Louise Wallis, Head of NAMA commented, “Wholesale used car activity throughout November only cooled slightly compared with October which underlines how strong auction activity has been during the final quarter of the 2016.

“We look forward to seeing what the auction market has in store following the Christmas and New Year break.”

 

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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