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NAMA Commercial Vehicle Report – October 2015Back

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

The report shows that the average value of used LCV’s at auction across the board increased 1.4% from £4,843 to £4,910 in October. Volumes saw a 2.3% decrease, however were up almost 21% on this time last year, and the average mileage of LCV’s was up 4.2% to 81,155.

 

Price Changes by age

 

Jul-15

Aug-15

Sep-15

Oct-15

<2 Years  

£11,355

 

£11,620

 

£11,475

 

£11,530

Previous month Diff  

3.2%

 

2.3%

 

-1.2%

 

0.5%

2 – 4 Years  

£6,415

 

£6,320

 

£6,380

 

£6,770

Previous month Diff  

-1.9%

 

-1.5%

 

0.9%

 

6.1%

4.1 – 6 Years  

£4,640

 

£4,365

 

£4,405

 

£4,510

Previous month Diff  

-2.7%

 

-5.9%

 

0.8%

 

2.4%

Over 6 Years  

£2,370

 

£2,415

 

£2,465

 

£2,640

Previous month

Diff

 

1.7%

 

1.9%

 

2.3%

 

7.1%

The average price achieved throughout October increased for the 6th consecutive month to £4910 which represents an increase of 1.4% over last month, however when compared to last year it sits 5.2% down.

Volume Changes by Age

 

Jul-15

Aug-15

Sep-15

Oct-15

<2 Years  

573

 

471

 

422

 

529

Previous month Diff  

18.4%

 

-16.8%

 

-10.4%

 

25.4%

2 – 4 Years  

3,123

 

2,897

 

3,823

 

2,906

Previous month Diff  

4.6%

 

-7.2%

 

31.8%

 

-24.0%

4.1 – 6 Years  

3,032

 

2,514

 

2,853

 

3,192

Previous month Diff  

3.0%

 

-17.1%

 

13.1%

 

11.9%

Over 6 Years  

3,750

 

2,836

 

3,121

 

3,360

Previous month Diff  

-1.0%

 

 

-24.4%

 

 

9.5%

 

 

7.7%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The volume of typical fleet vehicles (2-4 years) that were sold in October returned to levels that we have become used to throughout 2015, falling by -24% from the highs of September. Although these volumes have reduced substantially, vehicles in all other age groups actually increased further in October with the net effect being an overall reduction in volumes of only -2.3%.

 

Alex Wright, NAMA LCV Chairman comments, “October saw a 20% year-on-year increase in volume, and only a -5% reduction in value. Whilst first time conversion rates also retracted it was only by a relatively small amount to 77.4% which represents the third best month this year.

 

“At 13.3 – the average number of days on site in October is lowest seen all year indicating that the influx of freshly de-fleeted units seen in October were received favourably by the trade.

 

“There does however, continue to be a growing volume of units with high mileages and/or in poor condition remaining unsold at auction centres.

 

“Should there continue to be decent volumes of freshly defleeted units arriving in the coming weeks, vendors may find it an even greater challenge to dispose of problem units as we enter what is a traditionally a slow period for volume sales.”

Posted by Sue Robinson on 20/11/2015