NAMA Commercial Vehicle Report – January 2016

Published 12/02/2016 00:00:00 in Press Releases

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

The report shows that the average value of used LCV’s at auction across the board increased 3.1% from £4,803 to £4,950 in January.  As expected sale volumes increased 58% in January compared to the low point of December – however was only up 0.1% over January last year. The average mileage of LCV’s by almost 4,000 miles to 79,428.

The average hammer price at auction in January was £4950 - an increase over December of 3.1%. The average value of units less than 2 years of age increased by 7.3%, and whilst there was a small retraction for units between 2 - 4 years of age, twice as much volume was sold.

Sales volume increased by 58% in January when compared to December, which is perhaps an unfair comparison taking account of December being a short month for auction sales. Interestingly when comparing against January last year, volumes are only up by 0.1% which is the first time in recent years that volume has not substantially increased.

Alex Wright, NAMA LCV Chairman comments, “Demand in January was reasonably strong due in part to shortened auction programs in December.

“Values held up well for vehicles presented in reasonable order, complete with a full service history and anything with carlike specification or a higher horsepower performed strongly.

“Despite there being significant volumes of vans in a less than desirable condition, average conversion rate sat at a very healthy 78.3% which is 2.7 percentage points higher than in 2015.”

 

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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