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The National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for February 2017.
The report shows that overall in February:
Wholesale activity in February was buoyant. It was clear that the excess volumes experienced in January had largely washed through auction centres.
Whilst there was no shortage of stock, demand led to an increase in conversion rates.
Upcoming weeks will see large numbers of part exchange vehicles entering the market following the plate change in March. Current demand for cars should allow these vehicles to be absorbed by the market as they are bought to supply dealer forecourts to fulfil consumer demand.
We now look forward to seeing what the first quarter of 2017 brings.
The full NAMA Car Auction report is available from the RMI press office on request.