NAMA Members Report Stable Wholesale Market with Growing Confidence in Electric Vehicles

NAMA (National Association of Motor Auctions) members and representatives from the valuation guides met in June to review current wholesale market conditions and discuss the outlook for trading over the coming weeks.

Feedback from members indicated that both the car and light commercial vehicle (LCV) markets remain stable, with conversion rates holding steady and demand remaining strong for quality stock at the right age, mileage and price point. The fleet sector continues to perform well, particularly for one-to-three-year-old vehicles, while higher-grade fleet stock is becoming more readily available.

Members reported ongoing challenges for older dealer part exchanges, end-of-life vehicles and lower-grade stock requiring significant preparation work. Land Rover products were identified as an area facing continued downward pressure, while diesel vehicles remain the weakest-performing fuel type.

The meeting also highlighted growing confidence in electric vehicles. Battery hybrid electric vehicles (BHEVs) were reported to be performing strongly across both passenger cars and commercial vehicles, with members noting positive demand, strong conversion rates and increasing market acceptance. Attendees also agreed that positive developments within the EV sector should continue to be communicated to consumers to support confidence in the market.

Within the LCV sector, trading conditions remain steady despite increased volumes of customised vans entering the marketplace. Members reported improved conversion rates during May and June, with demand for vans remaining consistent.

NAMA will continue to monitor wholesale market performance closely and provide members with regular updates on emerging trends and market developments. Feedback from members remains an important part of this process, helping to build a comprehensive picture of trading conditions across both the car and LCV sectors.