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NAMA Car Auction Report May 2017Back

The National Association of Motor Auctions (NAMA) has published its monthly car auction data report for May 2017.

The report shows that overall in May:

  • First time conversion rates decreased by -1.2% to 74.1% since April – the rate was up by 0.9% on the same period last year
  • Average selling value increased 3.0% from £5,027 to £5,176
  • Average mileage went down by -0.1% to 64,379
  • The first-time premium was £61 – down by £30 (-33.0%) on last month, and down by £143 (-70.1%) on the same period last year.

Activity in the auction market throughout May continued to be challenging. High stock volumes and a lack of desire from buyers to pay what many consider to be above market prices for average stock, has led to a further weakening in conversion rates.

With the summer months among us, NAMA is keen to see the auction market stabilise.

Posted by Sue Robinson on 30/06/2017