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NAMA Commercial Vehicle report – August 2014Back

NamaThe National Association of Motor Auctions (NAMA) published its Light Commercial Vehicle (LCV) market report for August this week.

The report shows that during August the average values of used LCV’s at auction across the board decreased by 0.3% to £4,928 between July and August. Volumes saw a -8.7% fall, and the average age of LCV’s sold at auction fell to 63.8 months.

The average number of days that LCVs remained on site went down to 13.8 days, and the average mileage decreased -3.5% from last month to 81,393 miles.

Price Changes by age

May-14

Jun-14

Jul-14

Aug-14

<2 Years

£12,395

£11,685

£10,985

£10,420

Previous month Diff

10.5%

-5.7%

-6.0%

-5.1%

2 – 4 Years

£7,065

£6,740

£6,550

£6,330

Previous month Diff

-1.0%

-4.6%

-2.8%

-3.4%

4.1 – 6 Years

£4,780

£4,715

£4,585

£4,740

Previous month Diff

-2.1%

-1.4%

-2.8%

3.4%

Over 6 Years

£2,465

£2,470

£2,485

£2,415

Previous month Diff

4.0%

0.2%

0.6%

-2.8%

 

 

 

 

 

 

 

 

 

 

 

 

In August, the average price paid for an LCV was slightly lower £4,928 (-0.3%).

Volume Changes by Age

May-14

Jun-14

Jul-14

Aug-14

<2 Years

449

424

614

504

Previous month Diff

19.7%

-5.6%

44.8%

-17.9%

2 – 4 Years

2,433

2,684

2,921

3,017

Previous month Diff

-4.2%

10.3%

8.8%

3.3%

4.1 – 6 Years

2,158

2,353

2,459

2,105

Previous month Diff

-8.6%

9.0%

4.5%

-14.4%

Over 6 Years

3,354

3,255

3,051

2,630

Previous month Diff

-15.0%

-3.0%

-6.3%

-13.8%

 

 

 

 

 

 

 

 

 

 

 

The total number of LCVs sold at auction in August decreased by 789 units (-8.7%).

Alex Wright, Chairman of NAMA Commercial Vehicle Group commented, “With most of us taking our holidays in August, this is destined to always be a slow month with little trade activity. In the main, the data contained within this NAMA LCV Report delivered good news, yet with sales volumes having slipped significantly (-8.7%) it is likely that the small reduction in average price (-0.3%) would have been more pronounced if the number of LCVs being wholesaled had remained high.

“For September it is reasonable to expect increased demand across all light commercial vehicle sectors with even 4×4 double cabs performing somewhat better than seen over the past 12 months. However, across most light commercial vehicle sectors, price levels are approaching a high point in the current cycle.

“Accordingly, in order to extract the maximum return from each lot, vendors should ensure that they consistently present their stock to its best advantage. If not, the risk is that trade buyers might soon begin to view such LCVs as being overpriced which would lead inevitably to problems.”

 

Posted by Sue Robinson on 19/09/2014