NAMA Commercial Vehicle Report – December 2015

Published 14/01/2016 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 the average value of used LCV’s at auction across the board decreased -2.4% from £4,921 to £4,803 in December.  Volumes in December reduced by -33.5% from November to 6167 units and although it was the lowest month in volume terms for the year it was 35% higher than December 2014. The average mileage of LCV’s was up 3.3% to 83,288.

The average hammer price fell by -2.4% to £4,803 bringing to an end 7 months of consecutive increases. It is also down on the average selling price from December 2014 by -5.7%

As is expected in December, sales volumes reduced across all age ranges as a result of reduced auction sale schedules, a reduction in fresh entries and normal seasonal changes in buyer demand, with only the best units on offer, being sought after. Whilst sales volumes were down by -33.5% compared to November, they increased by 35% over December 2014.

Alex Wright, NAMA LCV Chairman comments, “Whilst sales results in December were traditionally low due to a combination of factors including a drop in fresh entries and a reduced number of scheduled auction sales, the end of 2015 proved to be an outstanding year with a 35% increase over December 2014.

“An increase in average age to only drop 5% in values is also a strong indication into the strength of the economy and the market.

“Generally we tend to see vendors hold back volume in the December market as they have fear of buyer demand dropping. However, in2015 there was little doubt the strong buyer base was standing in the hall and clicking on line eager to stock up.”

 

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, 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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