NAMA Report June 2015

Published 16/07/2015 00:00:00 in Press Releases

The National Association of Motor Auctions (NAMA) published its monthly market report today for June 2015.

The report shows that the average sale price in June increased by £98 on the May 2015 figure from £5,400 to £5,498. This is also the case for the year-on-year value with June 2015 increasing by 2.2% on the June 2014 average sale price of £5,381.

Sales volumes for June 2015 are up by 2.1% in comparison to the May 2015 figure. In terms of a year on year comparison, vehicle auction sales were also up by 2.3% from 106,485 in June 2014 to 108,950 in June 2015 selling 2,465 more vehicles in June 2015.

The percentage of vehicles sold first time in June 2015 is static at 73% in comparison to May 2015, however in comparison to June 2014 the percentage is down from 77% a decrease of 4%.

The price premium for vehicles sold first time also remained static £275 and the average days on site increased to 8.8 days.

Sale Price by Age Profile in May 2015 compared to June 2014

 

2014

2015

Diff %

Late & Low

£14,575

£14,575

0.0%

Fleet

£8,575

£8,925

4.0%

PX (Young)

£5,175

£5,625

8.7%

PX (Old)

£2,525

£2,725

7.9%

Budget

£750

£875

16.7%

Despite increased total volumes from May 2015 to June 2015 and increased volumes compared to June 2015, sale prices have increased in four out of five categories with Late Low remaining static.

Paul Hill, NAMA Chairman comments, “Continued low interest rates combined with favourable exchange rates, new models, advanced technology, and improved safety features are helping to support manufacturers with their growth objectives for new car sales.

“At the wholesale level conversion rates have dropped slightly in June with increased volumes in the auction halls and the wholesale trade in general including digital and alternative channels. Prices have remained buoyant in June and this is likely to continue throughout July and August as used vehicle stock levels are likely to fall during the holiday season and prior to the September plate change.

“The increase on Late Low and Fleet Profile stock is likely to continue in July, and as a consequence of record registration figures in June as fleet returns and overage stock enter the market, we are likely to see another realignment of pricing in line with volume in this particular sector.

“July will again need the vendors’ remarketing partners to guide and advise on market conditions and levels of vehicle preparation to achieve the best results in terms of price and conversion rate achievement combined with minimal days to sell.”

 

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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