Vehicle remarketing specialist G3 Remarketing has invested in training from the National Association of Motor Auction (NAMA) for its vehicle inspection staff.
Vendors’ attempts to hold back stock for better prices in January led to disappointment amid high volumes and lower than expected values, the National Association of Motor Auctions has reported.
The National Association of Motor Auctions (NAMA) has reported a 0.4% decrease in first time conversation rates but a 2% increase in the average vehicle value at auction in December.
Average used car prices rose by 0.4% at auction during November as wholesale used car activity "cooled slightly" throughout November, reported the he National Association of Motor Auctions.
It is ‘business as usual’ in the used car market, despite the nationwide uncertainty in the UK following the EU referendum vote in June.
The National Association of Motor Auctions (NAMA) is urging fleets to provide more information about vehicles they de-fleet through its members’ sites.
An increasing number of used car dealers are taking advantage of the PDI services offered at auction due to a “time is money” approach to stock turn, claims NAMA.
The issue of increasing pre-registrations is very real as dealers seek to drive through volumes tol release the bonuses that are a vital part of profitability.
Data from the major motor auctions shows that ex-fleet stock is failing to reach the values of a year ago, although dealer part-exchanges are faring better.
The National Association of Motor Auctions said that an “increasing level of supply” had led to a 35% uplift in used van sales through its members in 2015.
The National Association of Motor Auctions (NAMA) found that average sales price in November increased by 3.6% from the previous month – from £5,441 to £5,637.
NAMA has seen a 20% drop in volumes of vehicles under two years old in October, showing dealers are effectively managing near-new stock.
The average sale price of a used car increased by 0.9% to £5,441 from £5,263 in October, according to the National Association of Motor Auctions (NAMA).
The growing use of pre-registrations has yet to feed any significant impact into auction values or volumes, according to the NAMA.
Fewer LCVs coming to market did not equate to higher prices or even higher conversion levels in August, according to the latest NAMA analysis.
Average sale prices decreased by 3.5% from £5,588 to £5,391 month-on-month, according to the latest report from the National Association of Motor Auctions.
Sales of used cars at auction in July increased by 12.2% year on year and conversion levels rose to 80% from 73% in the preceding month.
The focus of the AM Used Car Conference in October will be on driving increased revenue and profitability.
NAMA's monthly auction report for July shows that during July the average value of used cars sold at auction across the board increased 4% from £5,381 to £5,595, a 14% increase versus July 2013 and reflective of the higher proportion of younger cars now in the mix.
Shortage of showroom-ready vehicles and lower footfall hits June volumes. Used car prices remain steady but conversion rates slide to 72%
