NAMA Report April 2013

Published 13/05/2013 00:00:00 in Press Releases

The National Association of Motor Auctions (NAMA) published its monthly market report today for April.

The report shows that during April the average value of used cars sold at auction across the board decreased from £5,013 to £4,862. The total volume of sales fell 6% from 96,265 units to 90,645 as a result of reduced activity following the Easter break.

Transactional activity fell back across all segments overall in April, although the volume in declines were primarily amongst the Manufacturer/Rental and Fleet segments. Average prices continued their downward trend, with the month averaging 3% below prices achieved in March. However, this decline is largely generated by a continued shift in volumes towards dealer part exchange vehicles.

Price changes April compared to March, by customer type

 

Mar-13

Apr-13

Diff %

Manufacturer/Rental

14250

13975

2%

Fleet

7975

8050

1%

Dealer PXC

2450

2425

-1%

As conversion rates have continued their slide as buyers become more discerning, so too have values. In the fleet sector, prices remain ahead of those achieved during April 2012 and, with average prices in that segment rising this month, the year-on-year difference has benefited from 8% reduction in average mileage and a 10% reduction in volume.

 

4x4 and convertible prices during the last 3 months

 

Feb 13

Mar 13

Apr 13

Premium 4x4 SUV

20800

20525

20950

4x4 Lifestyle Cars

10125

10250

10200

Prem Upper Medium Convertibles

11525

11425

11550

General Market Convertibles

5925

6200

6475

Prices for convertibles have been rising steadily although remain considerably below their position was one year ago. Prices for 4x4s have held on well, although as large petrol engine variants are not particularly sought after, the market are now opting for good examples of smaller diesel-engine models. The high conversion rates for General Market Convertibles look set to continue although there is some concern that this demand will not last as long as it has in previous years, due to unease over the summer weather forecast.

Justin Lane, NAMA Chairman comments, “Overall sales volumes fell back across April as a result of reduced activity during Easter break, however, the market now appears to have moved to its new phase, and conversion rates have settled at a level that is likely to be consistent during the coming four weeks.

“The high volume of Dealer PX product is confirmation of a much healthier new car market in 2013 and although prices are expected to soften in the coming months the market is able to accommodate the additional Dealer PX volume without signs of any distress at the moment.

“With the second bank holiday weekend looming upon us, we anticipate activity over the long weekend may have a positive effect on both conversions and prices in the auction halls in the weeks immediately following”.

 

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.

Keely Scanlan, Press Officer

Tel: 020 7307 3410
Mob: 07825097697
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406

Web: www.rmif.co.uk Email: keely.scanlan@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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