NAMA responds to Government closure of auctions

“Following the Prime Minister’s announcement last night (23 March) to shut all non-essential retail, including auctions, we are determined to maintain strong support for our members in this uncertain period,” said Louise Wallis, Head of the National Association for Motor Auctions (NAMA).

Due to the ongoing Coronavirus outbreak, the Government has produced guidance for businesses in order to clarify which premises are required to close.* This mandates that all non-essential retail must remain closed for at least the next three weeks, and specifically mentions auction houses as those that need to have their doors shut.

NAMA will be working closely with the Government in order to represent the needs of its members, as well as advising on support available to businesses, such as payments to furloughed employees through the Coronavirus Job Retention Scheme, delays in VAT payments, and grants for small businesses.

Wallis continued, “We are continuously in conversation with our members and will be constantly supporting and updating them over the coming weeks and months to ensure they are well equipped for the duration and aftermath of this troubling period.”