NAMA CAR AUCTION REPORT OCTOBER 2016

Published 17/11/2016 00:00:00 in Press Releases

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

The report shows that overall in October:

  • First time conversation rates decreased by -2.2% to 80.1% - however were still up 1.1% on the same period last year
  • Average selling value increased an impressive 10.7% from £4,829 to £5,347
  • Average mileage went down by -2.9 to 65,847
  • The first time premium was £186 – down by -£6 on September, and down -£107 on the same period last year

Louise Wallis, Head of NAMA commented, “Auction activity has cooled slightly from its peak in September, however, conversion rates remain strong for the time of year and ahead of 2015.

“Whilst auction volumes sit outside the scope of this report, it is believed that the strong overall conversation rate in October was not due to a shortage of supply – thus indicating that retail demand remains buoyant.

“We look forward to seeing what the auction market has in store as we approach the Christmas season.”

 

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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