The National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for July 2017.
The report shows that overall in July:
First time conversion rates increased by 3.8% to 79.2% from June - the rate was also up 3.2% on July 2016
Average selling value decreased -0.6% from £5,392 to £5,361
Average mileage went up by 1.3% to 64,916
The first time premium was £66 – down by £29 (-30.5%) on last month
Louise Wallis, Head of NAMA commented, “It is positive to see that auction activity strengthened further in July.
“First time conversion rates were just below where they were in January at 79.2% - coming in significantly better than the same period last year.
“Increased demand from trade buyers led to hammer prices bouncing back from where they were over the last quarter, with strong prices achieved for stock in the best conditions.
“We anticipate the market to remain stable and look forward to seeing what the coming months bring.”
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.