NAMA car auction report December 2016

The National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for December 2016.

The report shows that overall in December:

First time conversation rates decreased by -0.4% to 78.8% - however were still up 2.5% on the same period last year

Average selling value increased 2.0% from £5,370 to £5,477

Average mileage went down  for the 4th consecutive month by -1.4% to 63,830

The first time premium was £63 – down by £17 (-21.3%) on last month, and down a massive £266 (-80.8%) on the same period last year

Louise Wallis, Head of NAMA commented, “Wholesale activity in December was at times challenging when compared to the last few months of 2016 where auction activity was strong.

“Some vendors chose to hold back in December and opted to wait for better trading conditions in January. This expectedly affected the mix on offer, and ultimately the overall market performance.

“We now look forward to seeing what the 2017 auction market now has in store.”