NAMA Commercial Vehicle Report – December 2014

Published 22/01/2015 00:00:00 in Press Releases

The National Association of Motor Auctions (NAMA) published its Light Commercial Vehicle (LCV) market report for December today.

The report shows that during December the average values of used LCV’s at auction across the board increased 2.9% from £4,948 to £5,091 between November and December. Volumes saw a -36.4% decrease, and the average age of LCV’s sold at auction fell to 65.9 months.

The average number of days that LCVs remained on site fell to 12.8 days, and the average mileage increased from 82,772 to 82,831 miles.

The average price paid for LCVs in December increased by £143 (+2.9%) which equates to an impressive uplift of £334 (+7%) over the same month in 2013.

At 4,562, the total number of LCVs sold at auction in December fell sharply across all age bands.

Alex Wright, Chairman of NAMA Commercial Vehicle Group commented, “with the LCV market up to a record breaking £5,091 - boosted by the reduction of over 6 year old vans, this trend in 2014 gives us a clear indication that sales of older vans from the rescission have finally washed through.

“The month of December is typically a quiet one due to seasonal trend, and so it is encouraging to see that sales volumes were up 17% compared to December 2013.

“Here at NAMA we are confident that 2015 will be a highly successful year for the commercial vehicle market.”

 

ENDS

Notes for editors: NAMA is the auction division of the RMI.  NAMA market information is based on data supplied by its National members operating in the remarketing sector. The monthly sample size is up to 90,000 vehicles. The full report is available on request.

Rupal Rawal, Communications 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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