NAMA Commercial Vehicle Report – November 2015

Published 16/12/2015 00:00:00 in Press Releases

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

The report shows that the average value of used LCV’s at auction across the board increased 0.2% from £4,910 to £4,921 in November. Volumes saw a -7.1% decrease - the second lowest level seen in 2015 but demonstrated an increase of 29% over the same period last year, and the average mileage of LCV’s was down -0.7% to 80,615.

The average price rose for the 7th consecutive month to £4,921 – the highest figure this year, however is -0.5% behind the same period last year. 

The volume of typical fleet vehicles (2-4 years) sold in November dropped to the second lowest level this year. As a result it appears to have pushed buyers into considering younger vehicles, possibly from manufacturer or rental sources as unit sales of vehicles less than 2 years of age were pushed to the second largest volume seen all year together with the highest conversion rate of 72%.

Alex Wright, NAMA LCV Chairman comments, “Sales volumes in November appear to have reduced in line with fresh entries. Activity has been buoyant though, with dealers and traders appearing eager to build stocks and have enough time to prep units in time for the New Year.

“It is also likely that fresh entries in December will be limited so those requiring stock will have been prepared to fight it out in November”.

 

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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