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NAMA Commercial Vehicle report – October 2013Back

NamaThe National Association of Motor Auctions (NAMA) published its Light Commercial Vehicle (LCV) market report for October today.

The report shows that during October the average values of used LCV’s at auction across the board rose by 7.7% from £4,346 to £4,681 between September and October. Total sales saw a healthy increase of 14.9% from 7,929 to units.

Demand for vans and pick-ups of all ages has remained high, suggesting business confidence has strengthened and the economy is improving. The volume of LCVs being sold at auctions across the UK grew sharply in October, yet helpfully, the average age and mileage of these lots was lower. As a consequence, prices responded positively and conversion rates hit a high of 78% which sets the scene for a strong close to the year.

Price Changes by age

Jul-13

Aug-13

Sep-13

Oct-13

<2 Years

£10,605

£10,205

£11,185

£11,820

Previous month Diff

5.2%

3.8%

9.6%

5.7%

2 – 4 Years

£6,285

£6,170

£6,345

£6,700

Previous month Diff

1.4%

1.8%

2.8%

5.6%

4.1 – 6 Years

£3,915

£3,965

£4,080

£4,265

Previous month Diff

1.9%

1.3%

2.9%

4.5%

Over 6 Years

£1,945

£1,895

£2,190

£2,420

Previous month Diff

5.1%

2.6%

15.6%

10.5%

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Posted by Leana Kell on 24/11/2013