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NAMA Commercial Vehicle Report – January 2016Back

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

The report shows that the average value of used LCV’s at auction across the board increased 3.1% from £4,803 to £4,950 in January.  As expected sale volumes increased 58% in January compared to the low point of December – however was only up 0.1% over January last year. The average mileage of LCV’s by almost 4,000 miles to 79,428

Price Changes by age

   

Oct-15

 

Nov-15

 

Dec -15

 

Jan -16

<2 Years  

£11,530

 

£11,575

 

£10,885

 

£11,675

Previous month Diff  

0.5%

 

0.4%

 

-6.0%

 

7.3%

2 – 4 Years  

£6,770

 

£6,775

 

£6,875

 

£6,820

Previous month Diff  

6.1%

 

0.1%

 

1.5%

 

-0.8%

4.1 – 6 Years  

£4,510

 

£4,485

 

£4,595

 

£4,595

Previous month Diff  

2.4%

 

-.0.6%

 

2.5%

 

0.0%

Over 6 Years  

£2,640

 

£2,555

 

£2,400

 

£2,250

Previous month

Diff

 

7.1%

 

-3.2%

 

-6.1%

 

5.0%

The average hammer price at auction in January was £4950 – an increase over December of 3.1%. The average value of units less than 2 years of age increased by 7.3%, and whilst there was a small retraction for units between 2 – 4 years of age, twice as much volume was sold.

Volume Changes by Age

   

Oct-15

 

Nov-15

 

Dec -15

 

Jan – 16

<2 Years  

529

 

577

 

359

 

599

Previous month Diff  

25.4%

 

9.1%

 

-37.8%

 

66.9%

2 – 4 Years  

2,906

 

2,585

 

1,609

 

3,217

Previous month Diff  

-24.0%

 

-11.0%

 

-37.8%

 

99.9%

4.1 – 6 Years  

3,192

 

3,017

 

2,083

 

3,100

Previous month Diff  

11.9%

 

-5.5%

 

-31.0%

 

48.8%

Over 6 Years  

3,360

 

3,095

 

2,116

 

2,828

Previous month Diff  

7.7%

 

 

-7.9%

 

 

-31.6%

 

 

33.6%

 

Sales volume increased by 58% in January when compared to December, which is perhaps an unfair comparison taking account of December being a short month for auction sales. Interestingly when comparing against January last year, volumes are only up by 0.1% which is the first time in recent years that volume has not substantially increased.

Alex Wright, NAMA LCV Chairman comments, “Demand in January was reasonably strong due in part to shortened auction programs in December.

“Values held up well for vehicles presented in reasonable order, complete with a full service history and anything with carlike specification or a higher horsepower performed strongly.

“Despite there being significant volumes of vans in a less than desirable condition, average conversion rate sat at a very healthy 78.3% which is 2.7 percentage points higher than in 2015.”

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

Posted by Sue Robinson on 19/02/2016