The National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for October 2017.
The report shows that overall in October:
- First time conversion rates decreased by -2.2% to 83.2% from September- however the rate was up 3.1% on the same period last year
- Average selling value decreased -2.3% from £5,893 to £5,759 from the previous month, however positively was up 7.7% from last Octobers figure of £5,347
- Average mileage went up by 1.2% to 64,054 – falling by 1,793 miles compared to the same period last year
- The first time premium was -£70 – a -137% decline on last month
Louise Wallis, Head of NAMA commented, “Auction activity declined in October which is fairly normal this time of year, however the month did start off on a high note following the strong market in September.
“Demand from buyers eased through the month and as a consequence hammer prices fell.
“We anticipate that auction activity will remain stable going into the final quarter.”
Notes to 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.