NAMA Report September 2015

Published 13/10/2015 00:00:00 in Press Releases

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

The report shows that the average sale price in September decreased by -3.5% on the August 2015 figure from £5,588 to £5,391.

Sales volumes for September were up by 12.6%% in comparison to August 2015, in line with the seasonal trends during the 65- number plate change. In terms of a year-on-year comparison, vehicle auction sales rose by 13.2% from 99,165 in September 2014 to 112,888 in September 2015.

The percentage of vehicles sold first time in September increased from 84.1% in August 2015 to 85.4% - an increase of 1.5%.

The price premium for vehicles sold fell from £350 to £300, and the average days on site decreased to 7.3 from 8.2 days.

Sale Price by Age Profile in September 2015 compared to September 2014

 

2014

2015

Diff %

Late & Low

£14,275

£14,050

-1.6%

Fleet

£8,625

£8,800

+2.0%

PX (Young)

£5,275

£5,675

+7.6%

PX (Old)

£2,575

£2,675

+3.8%

Budget

£825

£825

0.0%

Three out of five market sectors saw price growth on the equivalent month in 2014 with no change in the budget sector and the late and low category showing a fall of -1.6%. There has been a significant number of budget vehicles sold at auction during the month and that masks some of the value achieved in other sectors.

Paul Hill, NAMA Chairman comments, “The September plate change has driven volume up through the month with values compared to August 2015 starting to decline. Available volume in auction was up significantly at the start of October and conversion rates have lowered.

“It is anticipated that volumes will continue to grow in during the month as fleet returns and part exchange volume continue to fill the lanes. Values will come under mounting pressure during October and will see an additional fall.

“Vendor auction partners need to be close to the market changes and advise swiftly on the rostrum and council at the pre-auction briefing to ensure days to sale remain down and the best values are achieved on the day.”

 

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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