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NAMA Commercial Vehicle Report – November 2015Back

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

The report shows that the average value of used LCV’s at auction across the board increased 0.2% from £4,910 to £4,921 in November. Volumes saw a -7.1% decrease – the second lowest level seen in 2015 but demonstrated an increase of 29% over the same period last year, and the average mileage of LCV’s was down -0.7% to 80,615.

Price Changes by age

   

Aug-15

 

Sep-15

 

Oct-15

 

Nov-15

<2 Years  

£11,620

 

£11,475

 

£11,530

 

£11,575

Previous month Diff  

2.3%

 

-1.2%

 

0.5%

 

0.4%

2 – 4 Years  

£6,320

 

£6,380

 

£6,770

 

£6,775

Previous month Diff  

-1.5%

 

0.9%

 

6.1%

 

0.1%

4.1 – 6 Years  

£4,370

 

£4,405

 

£4,510

 

£4,485

Previous month Diff  

-5.8%

 

0.8%

 

2.4%

 

-.0.6%

Over 6 Years  

£2,410

 

£2,465

 

£2,640

 

£2,555

Previous month

Diff

 

1.7%

 

2.3%

 

7.1%

 

-3.2%

The average price rose for the 7th consecutive month to £4,921 – the highest figure this year, however is -0.5% behind the same period last year.

Volume Changes by Age

   

Aug-15

 

Sep-15

 

Oct-15

 

Nov-15

<2 Years  

471

 

422

 

529

 

577

Previous month Diff  

-17.8%

 

-10.4%

 

25.4%

 

9.1%

2 – 4 Years  

2,900

 

3,823

 

2,906

 

2,585

Previous month Diff  

-7.1%

 

31.8%

 

-24.0%

 

-11.0%

4.1 – 6 Years  

2,523

 

2,853

 

3,192

 

3,017

Previous month Diff  

-16.8%

 

13.1%

 

11.9%

 

-5.5%

Over 6 Years  

2,849

 

3,121

 

3,360

 

3,095

Previous month Diff  

-24.0%

 

 

9.5%

 

 

7.7%

 

 

-7.9%

 

The volume of typical fleet vehicles (2-4 years) sold in November dropped to the second lowest level this year. As a result it appears to have pushed buyers into considering younger vehicles, possibly from manufacturer or rental sources as unit sales of vehicles less than 2 years of age were pushed to the second largest volume seen all year together with the highest conversion rate of 72%.

Alex Wright, NAMA LCV Chairman comments, “Sales volumes in November appear to have reduced in line with fresh entries. Activity has been buoyant though, with dealers and traders appearing eager to build stocks and have enough time to prep units in time for the New Year.

“It is also likely that fresh entries in December will be limited so those requiring stock will have been prepared to fight it out in November”.

Posted by Sue Robinson on 18/12/2015