AUCTION ACTIVITY SLOWS IN NOVEMBER

Published 20/12/2017 00:00:00 in Press Releases

The National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for November 2017.

The report shows that overall in November:

Louise Wallis, Head of NAMA commented, “Auction activity declined in November which is fairly normal this time of year.

“The number of vehicles being offered for sale remained relatively high, but with some vendors appearing reluctant to reduce their reserves to reflect the more challenging market. This resulted in volumes and conversion rates declining during the month.

“We anticipate the market to pick up in January as dealers look to restock forecourts for the New Year.”

 

ENDS

Notes for editors: The full NAMA Car Auction report is available from the RMI press office 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.