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NFDA’s sister organisation, the National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for October 2017.

The report shows that overall in October:

  • First time conversion rates decreased by -2.2% to 83.2% from September- however the rate was up 3.1% on the same period last year
  • Average selling value decreased -2.3% from £5,893 to £5,759 from the previous month, however positively was up 7.7% from last Octobers figure of £5,347
  • Average mileage went up by 1.2% to 64,054 – falling by 1,793 miles compared to the same period last year
  • The first time premium was -£70 – a -137% decline on last month

Auction activity declined in October which is fairly normal this time of year, however the month did start off on a high note following the strong market in September.

Demand from buyers eased through the month and as a consequence hammer prices fell.

NAMA anticipates that auction activity will remain stable going into the final quarter.

Posted by Sue Robinson on 24/11/2017