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NAMA Commercial Vehicle report – July 2014Back

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

The report shows that during July the average values of used LCV’s at auction across the board increased by 2.2% from £4,839 to £4,645 between June and July. Volumes saw a 3.8% rise, and the average ages of LCV’s sold at auction fell to 63.9 months.

The average number of days that LCVs remained on site went down to 14.3 days, and the average mileage decreased -3.5% from last month to 81,393 miles.

Price Changes by age

 

Apr-14

May-14

Jun-14

Jul-14

<2 Years  

£11,215

 

£12,395

 

£11,685

 

£10,985

Previous month Diff  

-6.6%

 

10.5%

 

-5.7%

 

-6.0%

2 – 4 Years  

£7,135

 

£7,065

 

£6,740

 

£6,550

Previous month Diff  

1.6%

 

-1.0%

 

-4.6%

 

-2.8%

4.1 – 6 Years  

£4,885

 

£4,780

 

£4,715

 

£4,585

Previous month Diff  

9.3%

 

-2.1%

 

-1.4%

 

-2.8%

Over 6 Years  

£2,370

 

£2,465

 

£2,470

 

£2,485

Previous month Diff  

-3.7%

 

4.0%

 

0.2%

 

0.6%

 

 

 

 

 

 

 

 

 

 

 

 

In July, the average price paid for an LCV rose from £4,839 to £4,945 (+2.2%)

Volume Changes by Age

 

Apr-14

May-14

Jun-14

Jul-14

<2 Years  

375

 

449

 

424

 

614

Previous month Diff  

6.2%

 

19.7%

 

-5.6%

 

44.8%

2 – 4 Years  

2,539

 

2,433

 

2,684

 

2,921

Previous month Diff  

-13.9%

 

-4.2%

 

10.3%

 

8.8%

4.1 – 6 Years  

2,361

 

2,158

 

2,353

 

2,459

Previous month Diff  

1.9%

 

-8.6%

 

9.0%

 

4.5%

Over 6 Years  

3,945

 

3,354

 

3,255

 

3,051

Previous month Diff  

10.2%

 

-15.0%

 

-3.0%

 

-6.3%

 

 

 

 

 

 

 

 

 

 

 

The total number of LCVs sold at auction in July increased by 329 units (+3.8%).

Alex Wright, Chairman of NAMA Commercial Vehicle Group commented, “Despite predictions that with increased volume prices would decrease, we are seeing the opposite happening. July saw volumes up by 20% and prices up by 19%. The economy is growing and this is reflected in the commercial market.

“The 8 year and over market has dominated the sector for a long time starving buyers of younger stock, but the yellow line is finally shrinking and later plate vehicles are slowly appearing. We predict this trend will continue and 4-5 year old vehicles will take over as more enter the market.

“Once again the market data presented in this NAMA report illustrates the underlying strength of demand for LCVs at all years and clearly bodes well for sales prospects over the coming months.”

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

 

Posted by Sue Robinson on 22/08/2014