The National Association of Motor Auctions (NAMA) has published its monthly car auction data report for January 2017.
The report shows that overall in January:
First time conversation rates saw an increase of 2.0% on December to 80.8%, but were 1.3% lower than in January 2016
Average selling values were up 3.0% compared to January 2016, from £4,980 to £5,296
Average mileage was 2.3% higher than in December, but almost 4,000 miles (-5.8%) lower than in January 2016
There was no first time premium
Louise Wallis, Head of NAMA, commented, “In January, wholesale activity appeared to be strong with a very high overall first time conversation rate.
Some vendors seem to have held stock back in December to benefit from better prices in January. This would explain the increase in volume, although it did not help prices in the short term.
Positively, towards the end of the month prices began to strengthen and performances improved, we now expect the activity to remain buoyant throughout February.”
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.