NAMA Report January 2016

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

The National Association of Motor Auctions (NAMA) published its monthly market report today for January 2016.

The report shows that the average sales price in January increased by 1.7% from December 2015 to £5,689 from ££5,534. Compared to January 2015 there was also a 1.7% rise in the average sale price from £5,592.

In line with market seasonality sales volumes for January 2016 increased by 57.5% to 110,322 from 70,063 in December 2015. Year on year vehicle auction sales fell by -0.5% to 110,322 compared to this period last year. 

The percentage of vehicles sold first time in January increased in comparison to December by 2% from 82% to 84%. In comparison to January 2015 the first time conversion rate also increased 2% from 82%.

The price premium for vehicles sold first time increased from £225 to £300, and the average days on site increased to 12 from 8.8 days.

Sale Price by Age Profile in January 2016 compared to January 2015

 

2015

2016

Diff %

Late & Low

£14,700

£14,025

-4.6%

Fleet

£8,650

£8,775

+1.4%

PX (Young)

£5,700

£5,775

+1.3%

PX (Old)

£2,800

£2,900

+3.5%

Budget

£900

£925

+2.7%

Four out of the five market sectors saw a marginal sales price growth on the equivalent month in 2015 with the budget sector increasing again. The late and low sector fell by -4.6% continuing its downward trend since October last year. This fall however can be attributed to the model mix available at auction in this sector with an increase in the smaller, lower value vehicles.

Paul Hill, NAMA Chairman comments, “At a wholesale level first time conversion rose for all five market sectors in line with the January seasonal start to the New Year. Fleet vendors had a notable start to 2016 with large available stock levels at wholesale, combined with dealer part exchange and overage inventory.

“February volumes are expected to fall, with less volume available for sale from the fleet vendors ahead of the 16-plate change in March.

“Average values in January rose and are forecast to continue to do so through February in line with reduced stock numbers during the month. The plate change will bring with it increased volumes of wholesale stock and combined with an early Easter values are forecast to fall.”

 

 

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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