NAMA GRADING SCHEME HITS 1.5MILLION MARK

Published 26/08/2014 00:00:00 in Press Releases

The National Association of Motor Auctions (NAMA) is pleased to see that almost 1.5million vehicles have been sold through the NAMA grading scheme since its launch 2 years ago.

The scheme which consists of 5 grades has been introduced by NAMA members, and is designed to facilitate the buying and selling process of a new car by giving both parties a better understanding of the vehicle condition.

The grades are determined on a points system allocated by type and severity of damage which are assessed by specially trained inspectors at each auction. There is also an unclassified grade for vehicles that are badly accident damaged or require high levels of repair. 

Head of NAMA Louise Wallis comments, “NAMA grading has become hugely important in the sales process of vehicles at auction.

“It is encouraging to see that such a significant number of vehicles have been sold as a result of the scheme, and we hope that more auction houses will adopt this method going forward”.

 

 

ENDS

NOTES TO EDITORS

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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