Maximum number of cars added to compare list.

What's your postcode?

We need your postcode in order to provide accurate search results.

Enquire

Enter your first name
Enter your last name
Enter your phone number

Got a part exchange?

Tell us your reg plate and receive a part exchange valuation on your car?

What's this?

Compare cars side by side to save time clicking backwards and forwards between them.

NAMA Commercial Vehicle Report – December 2015Back

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

The report shows that the average value of used LCV’s at auction across the board decreased -2.4% from £4,921 to £4,803 in December.  Volumes in December reduced by -33.5% from November to 6167 units and although it was the lowest month in volume terms for the year it was 35% higher than December 2014. The average mileage of LCV’s was up 3.3% to 83,288.

 

Price Changes by age

 

Sep-15

 

Oct-15

 

Nov-15

 

Dec -15

<2 Years  

£11,475

 

£11,530

 

£11,575

 

£10,885

Previous month Diff  

-1.2%

 

0.5%

 

0.4%

 

-6.0%

2 – 4 Years  

£6,380

 

£6,770

 

£6,775

 

£6,875

Previous month Diff  

0.9%

 

6.1%

 

0.1%

 

1.5%

4.1 – 6 Years  

£4,405

 

£4,510

 

£4,485

 

£4,595

Previous month Diff  

0.8%

 

2.4%

 

-.0.6%

 

2.5%

Over 6 Years  

£2,465

 

£2,640

 

£2,555

 

£2,400

Previous month

Diff

 

2.3%

 

7.1%

 

-3.2%

 

-6.1%

The average hammer price fell by -2.4% to £4,803 bringing to an end 7 months of consecutive increases. It is also down on the average selling price from December 2014 by -5.7%

Volume Changes by Age

   

Sep-15

 

Oct-15

 

Nov-15

 

Dec -15

<2 Years  

422

 

529

 

577

 

359

Previous month Diff  

-10.4%

 

25.4%

 

9.1%

 

-37.8%

2 – 4 Years  

3,823

 

2,906

 

2,585

 

1,609

Previous month Diff  

31.8%

 

-24.0%

 

-11.0%

 

-37.8%

4.1 – 6 Years  

2,853

 

3,192

 

3,017

 

2,083

Previous month Diff  

13.1%

 

11.9%

 

-5.5%

 

-31.0%

Over 6 Years  

3,121

 

3,360

 

3,095

 

2,116

Previous month Diff  

9.5%

 

 

7.7%

 

 

-7.9%

 

 

-31.6%

 

As is expected in December, sales volumes reduced across all age ranges as a result of reduced auction sale schedules, a reduction in fresh entries and normal seasonal changes in buyer demand, with only the best units on offer, being sought after. Whilst sales volumes were down by -33.5% compared to November, they increased by 35% over December 2014.

Alex Wright, NAMA LCV Chairman comments, “Whilst sales results in December were traditionally low due to a combination of factors including a drop in fresh entries and a reduced number of scheduled auction sales, the end of 2015 proved to be an outstanding year with a 35% increase over December 2014.

“An increase in average age to only drop 5% in values is also a strong indication into the strength of the economy and the market.

“Generally we tend to see vendors hold back volume in the December market as they have fear of buyer demand dropping. However, in2015 there was little doubt the strong buyer base was standing in the hall and clicking on line eager to stock up.”

For a full copy of the report please contact louisewoods@rmif.co.uk

Posted by Sue Robinson on 15/01/2016