Wholesale vehicle market booming, reports NAMA

The wholesale vehicle market is enjoying an extremely positive first quarter of 2025, with demand continuing to outstrip supply, according to the National Association of Motor Auctions (NAMA).

“Overall, Q1 2025 has been extremely positive, for the month of March so far demand has been outweighing supply with general shortages of stock” said Paul Hill, spokesperson for the National Association of Motor Auctions (NAMA) following the March market meeting for 2025.

The light commercial vehicle (LCV) sector remains largely stable, but chassis cab vans are experiencing significant volatility. The electric van market is expanding as more stock enters circulation, while the used 4x4 segment has slowed, a trend attributed to upcoming Benefit-in-Kind tax changes for double cab pick-up trucks set to take effect next month.

NAMA reports strong performance across the car market in March, with key metrics reinforcing a positive outlook. Retail search activity rose by 3% compared to the same period in 2024. Conversion rates remain high, particularly for EVs over two years old, which are proving to be good value for buyers.

In contrast, younger EVs under 18 months old continue to face greater market challenges. With Easter approaching, industry experts are closely monitoring whether seasonal trends will affect market dynamics in April and May.

Paul Hill remains optimistic about the market’s trajectory: “Conversion rates remain strong, and it’s noteworthy that EVs over two years old are proving to be good value, which will support the overall vehicle fleet during the transition to electric.

“The general LCV market remains stable but as expected, chassis cab vans are seeing volatility and the used 4x4 market is seeing a slowdown, with Benefit-in-Kind tax changes next month. 

“It is really great to hear that everything is still in a positive place, and it will be interesting to see the market in the second half of April and going into May, with Easter around the corner.”