The National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for April 2017.
The report shows that overall in April:
First time conversion rates decreased by -8.0% to 75.3% - the rate was down by -1.7% on the same period last year
Average selling value increased 1.2% from £4,965 to £5,027
Average mileage went down by -3.0% to 64,465
The first time premium was £91 – up by £8 (9.6%) on last month, but down by £124 (-57.6%) on the same period last year.
Louise Wallis, Head of NAMA commented, “Wholesale trading conditions in April have become more challenging. Overall sales values have increased but late plate vehicles have started to see a decline.
“Overall first time conversion rate fell by -8% compared to March and was down almost 2% on last year, and the performance of typical fleet aged stock was hit even harder.
“With the summer months among us, we are keen to see the auction market stabilise as additional stock from the March plate change moves through.”
Notes for editors: The full NAMA Car Auction report is available from the RMI press office on request.
About the RMI
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.