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AUCTION MARKET IS STRONG AND STEADY, NAMA REPRESENTATIVES REVEAL    

NAMA 26/02/2024

“The auction market overall is very strong with prices achieved and conversion rates showing very healthy levels of demand with the ability to absorb supply. The outlook remains positive with a note of caution regarding a change in market conditions at Easter," said Paul Hill, National Association of Motor Auctions (NAMA) spokesman, following a meeting this week (Tuesday 20 February 2024) with NAMA representatives.

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AUCTION HOUSES GEAR UP FOR FINAL PUSH OF THE YEAR

NAMA 23/11/2023

“Auction houses are continuing to witness a trend of price realignment, with a slight uptick in volume for November. Dealers are starting to adopt a targeted approach for stock, in anticipation of a positive bounce in the new year,” said Paul Hill, NAMA Advisor, following NAMA members and valuation guides met on 21 November 2023 to discuss current market conditions and future outlooks.

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NAMA MEMBERS REPORT WITH OPTIMISM AFTER PROMISING START TO YEAR

NAMA 23/02/2023

“Overall feedback from NAMA members was very positive, with members reporting good trading conditions in both retail and wholesale markets and predict a small rise in guide prices for the coming months”, said Paul Hill National Association of Motor Auctions (NAMA) spokesman, following a meeting this week (Tuesday 21 February 2022) with key industry figureheads to discuss current industry issues.

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POSITIVE START TO THE YEAR FOR AUCTION HOUSES

NAMA 20/01/2023

“December was a positive month for NAMA Auction members and January has been even stronger for both prices and conversion rates. As a whole, members are optimistic and expect the market to remain stable,” said Paul Hill National Association of Motor Auctions (NAMA) spokesman, following a meeting this week (Tuesday 17 January 2023) with key industry figureheads to discuss current market conditions and provide views on future wholesale trading.

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MOTOR AUCTIONEERS ARE OPTIMISTIC, ACCORDING TO NAMA MEETING

NAMA 16/11/2022

“Overall, the used car market is in a strong position heading towards the tail end of the year. Whilst the lack of new car registrations in the past two and a half years has stemmed the supply of used cars for forecourts, values reaching record heights has balanced this out. NAMA Members are reporting stable trading, and that the market is in a good position”, said Paul Hill National Association of Motor Auctions (NAMA) spokesman, after a meeting was held this week (Tuesday 15 November 2022) with key industry figureheads to discuss current industry issues.

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