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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NAMA AGM RAISES £31,500 FOR ACTION FOR NOTTINGHAMSHIRE BLOOD BIKES
NAMA 17/10/2022
The National Association of Motor Auctions (NAMA) held its annual AGM on the Saturday 15 October at The Western La Quinta, Marbella.
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USED CAR MARKET IS STRONG NAMA MEETING REVEALS
NAMA 22/09/2022
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NAMA members reporting continued strength in used car market
NAMA 13/10/2021
Over 70% of auction houses are expecting to see an increase in petrol, diesel and hybrid values over the next month, according to a survey carried out by the National Association of Motor Auctions (NAMA).
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NAMA vehicle apprasier course now running at RMI Academy
NAMA 07/10/2021
The National Association of Motor Auctions (NAMA) grading scheme continues to support used car sales and was hugely successful in steering the market through the pandemic.
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NAMA AGM raises £30,000 for Action for A-T
NAMA 19/09/2021
The National Association of Motor Auctions (NAMA) held its annual AGM on the Saturday 18 September in Windsor.
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Auction sector continues to go from strength to strength
NAMA 15/09/2021
A recent survey carried out by the National Association of Motor Auctions (NAMA), highlights continued strength in the used car market driven by demand for vehicles and reduced supplies of stock.
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Used car market growth in line with auction houses expectations
NAMA 10/08/2021
“It is extremely positive that the used car market results in Q2 broadly reflect the heightened demand auction houses have been experiencing” according to the National Association of Motor Auctions (NAMA), commenting on the SMMT’s used car figures released today.
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Confidence grows in the auction sector
NAMA 08/07/2021
A recent survey carried out by the National Association of Motor Auctions (NAMA), highlights continued strength in the used car market driven by demand for vehicles and reduced supplies of stock.
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First time conversion rates likely to increase as confidence grows in auction sector
NAMA 10/06/2021
A recent survey carried out by the National Association of Motor Auctions (NAMA) revealed that there is growing confidence that 1st time conversion rates and values of petrol and diesel vehicles will increase as the UK comes out of its final stages of lockdown.
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NAMA comments on used car market in Q1
NAMA 11/05/2021
“It is not surprising to see that lockdown measures in the UK heavily impacted used car transactions in Q1 of the year”, said Louise Wallis, Head of The National Association of Motor Auctions (NAMA) commenting on the SMMT’s used car figures released today.
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