NAMA Market Update - August 2025: Market Hits Record Strength, With High Demand and Stable Values

“The wholesale market remains buoyant, with demand consistently outstripping supply and conversion rates near record levels,” said Paul Hill, spokesperson for the National Association of Motor Auctions (NAMA), commenting on the August 2025 NAMA Market Update.

Market overview
NAMA members reported that August was one of the joint strongest on record, with appetite in the wholesale market described as “as good as it gets” for the time of year. Conversion rates were high, stock levels tighter than usual, and values have remained stable. While retail conditions softened slightly due to the summer holiday period, the trade market remained robust, with fleet activity particularly strong as supply shortages continue to drive competition.

LCVs
Light commercial vehicles continued to perform well in August, with values holding firm despite seasonal pressures. Members noted that quality stock, particularly grade 1s and 2s, is in high demand, while poorer condition vehicles are harder to shift. Compared with the same month last year, average costs are up by £1,500, selling times have shortened, and mileage has reduced. Demand for electric vans is also growing, with volumes rising significantly year-on-year.

EV trends
Electric vehicles performed strongly, with depreciation softening further. EV values were down just -0.2% in August, matching petrol as the joint strongest fuel type. Three-year-old EVs and more established models are selling quickly, while 3–5-year-old EVs remain the fastest-turning segment at 24 days. Younger EVs, particularly around 12 months old, face greater pressure due to the impact of new government grants shifting attention back towards new models.

Regional and international perspectives
In Scotland, members reported a strong uplift in August, though replenishing stock remains a challenge. Internationally, the NAAA have noted similar dynamics, with July proving one of the strongest months in recent years. Well-presented cars are attracting high values, while poorer quality stock is struggling to sell, and repossessions remain elevated.

Paul Hill concluded:
“For the first time in a long time, we’ve seen real stability across the wholesale market, with guide prices set to remain steady into September. As we move into the final quarter, all eyes are on how retail activity responds, but for now the outlook for wholesale remains very strong.”