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NAMA Commercial Vehicle Report – November 2014Back

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

The report shows that during November the average values of used LCV’s at auction across the board decreased by -4.4% from £5177 to £4,948 between October and November. Volumes saw a -13.2% decrease, and the average age of LCV’s sold at auction rose to 66.3 months.

The average number of days that LCVs remained on site rose to 13.2 days, and the average mileage decreased from 83,843 to 82,772 miles.

Price Changes by age

Aug-14

Sep-14

Oct-14

Nov-14

<2 Years

£10,420

£11,050

£12,610

£10,650

Previous month Diff

-5.1%

6.0%

14.1%

-15.5%

2 – 4 Years

£6,330

£6,620

£7,000

£6,745

Previous month Diff

-3.4%

4.6%

5.7%

-3.6%

4.1 – 6 Years

£4,740

£4,640

£4,930

£4,995

Previous month Diff

3.4%

-2.1%

6.3%

1.3%

Over 6 Years

£2,415

£2,440

£2,585

£2,615

Previous month

Diff

-2.8%

1.0%

5.9%

1.2%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Despite the average price paid for an LCV in November falling to £4,948 (-4.4%) this still represents an increase of 10% over the same month last year.

Volume Changes by Age

Aug-14

Sep-14

Oct-14

Nov-14

<2 Years

504

431

531

389

Previous month Diff

-17.9%

-14.5%

23.2%

-26.7%

2 – 4 Years

3,017

2,927

2,483

2,245

Previous month Diff

3.3%

-3.0%

-15.2%

-9.6%

4.1 – 6 Years

2,105

1,933

2,187

1,826

Previous month Diff

-14.4%

-8.2%

13.1%

-16.5%

Over 6 Years

2,630

2,700

3,064

2,717

Previous month Diff

-13.8%

2.7%

13.5%

-11.3%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At 7,177, the total number of LCVs sold at auction in November fell sharply across all age bands. Compared to this same month in 2013, this represented an overall fall of 10%.

Alex Wright, Chairman of NAMA Commercial Vehicle Group commented, “In November, although the trade’s appetite for clean stock at all years held firm, the prices that they were prepared to pay for it did not.

“The fall in average price of 4.4% would undoubtedly have been more marked if there had not been sizeable reductions to both overall volume and average mileage. However, despite a rise in average age, the momentum exhibited by the wholesale LCV marketplace throughout 2014 was maintained with an impressive 82% of lots selling at the first time of being offered.

Posted by Sue Robinson on 19/12/2014