Premium used cars struggled to achieve top values at auction as hammer prices painted a “subdued” picture during January, according to the National Association of Motor Auctions (NAMA).
The National Association of Motor Auctions has reported that used car prices rose by 2.4% as average mileages fell by 0.8% at auctions during December.
Used car prices fell by 3.5% as conversion rates declined during November, according to The National Association of Motor Auctions’ (NAMA) monthly car auction data.
The National Association of Motor Auctions (NAMA) has reported a 13.6% rise in the average used car price as the average mileage at auction reached their lowest point on record.
Average used car selling prices saw a 7.5% increase at auction in August as retailers looked to fill their forecourts for September, the National Association of Motor Auctions (NAMA) has revealed.
The National Association of Motor Auctions expects the market to “remain stable” after first time conversion rates increased by 3.8% in July.
The average used car selling price in the UK increased by 4.2% in June to £5,392, according to the latest figures from NAMA.
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.
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.
