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NAMA Commercial Vehicle Report – December 2014Back

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

The report shows that during December the average values of used LCV’s at auction across the board increased 2.9% from £4,948 to £5,091 between November and December. Volumes saw a -36.4% decrease, and the average age of LCV’s sold at auction fell to 65.9 months.

The average number of days that LCVs remained on site fell to 12.8 days, and the average mileage increased from 82,772 to 82,831 miles.

Price Changes by age

Sep-14

Oct-14

Nov-14

Dec-14

<2 Years  

£11,050

 

£12,610

 

£10,650

 

£10,245

Previous month Diff  

6.0%

 

14.1%

 

-15.5%

 

-3.8%

2 – 4 Years  

£6,620

 

£7,000

 

£6,745

 

£7,155

Previous month Diff  

4.6%

 

5.7%

 

-3.6%

 

6.1%

4.1 – 6 Years  

£4,640

 

£4,930

 

£4,995

 

£4,805

Previous month Diff  

-2.1%

 

6.3%

 

1.3%

 

-3.8%

Over 6 Years  

£2,440

 

£2,585

 

£2,615

 

£2,510

Previous month

Diff

 

1.0%

 

5.9%

 

1.2%

 

-4.0%

The average price paid for LCVs in December increased by £143 (+2.9%) which equates to an impressive uplift of £334 (+7%) over the same month in 2013.

Volume Changes by Age

Sep-14

Oct-14

Nov-14

Dec-14

<2 Years  

431

 

531

 

389

 

281

Previous month Diff  

-14.5%

 

23.2%

 

-26.7%

 

-27.8%

2 – 4 Years  

2,927

 

2,483

 

2,245

 

1,445

Previous month Diff  

-3.0%

 

-15.2%

 

-9.6%

 

-35.6%

4.1 – 6 Years  

1,933

 

2,187

 

1,826

 

1,260

Previous month Diff  

-8.2%

 

13.1%

 

-16.5%

 

-31.0%

Over 6 Years  

2,700

 

3,064

 

2,717

 

1,576

Previous month Diff  

2.7%

 

13.5%

 

 

-11.3%

 

 

-42.0%

 

At 4,562, the total number of LCVs sold at auction in December fell sharply across all age bands.

Alex Wright, Chairman of NAMA Commercial Vehicle Group commented, “with the LCV market up to a record breaking £5,091 – boosted by the reduction of over 6 year old vans, this trend in 2014 gives us a clear indication that sales of older vans from the rescission have finally washed through.

“The month of December is typically a quiet one due to seasonal trend, and so it is encouraging to see that sales volumes were up 17% compared to December 2013.

“Here at NAMA we are confident that 2015 will be a highly successful year for the commercial vehicle market.”

 

Posted by Sue Robinson on 23/01/2015