Maximum number of cars added to compare list.
What's your postcode?
We need your postcode in order to provide accurate search results.
Compare cars side by side to save time clicking backwards and forwards between them.
AUCTION ACTIVITY SLOWS IN OCTOBER, NAMA’S REPORT SHOWSBack
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