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The National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for August 2017.
The report shows that overall in August:
The auction market strengthened again in August. First time conversion rates at 82.3% were higher than the same period last year, however, sold volume was fairly similar, meaning that there was less stock available in the month this year.
Hammer prices remained high in August due to demand exceeding supply. As we enter the plate change month, supply shortages are likely to ease, although demand is expected to remain high, particularly for clean low mileage vehicles.
Overall auction activity should remain stable in the forthcoming months.