Maximum number of cars added to compare list.

What's your postcode?

We need your postcode in order to provide accurate search results.

Enquire

Enter your full name
Enter a valid phone number

Tick this box to receive the Trusted Dealers newsletter.

Enter your first name
Enter your last name
Enter your phone number

Got a part exchange?

Tell us your reg plate and receive a part exchange valuation on your car?

Tick this box to receive the Trusted Dealers newsletter.

What's this?

Compare cars side by side to save time clicking backwards and forwards between them.

NAMA Commercial Vehicle Report – March 2015Back

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

The report shows that the average value of used LCV’s at auction across the board decreased -2.7% from £4,479 to £4.623 between February and March. Volumes saw a 7.2% increase, and the average age of LCV’s sold at auction rose to 70.1 months.

The average number of days that LCVs remained on site declined to 14.9 days, and the average mileage decreased from 82,650 to 82,232 miles.

Price Changes by age

Dec-14

Jan-15

Feb-15

Mar-15

<2 Years  

£10,245

 

£11,475

 

£11,410

 

£11,530

Previous month Diff  

-3.8%

 

12.0%

 

-0.6%

 

1.1%

2 – 4 Years  

£7,155

 

£6,605

 

£6,530

 

£6,690

Previous month Diff  

6.1%

 

-7.7%

 

-1.1%

 

2.5%

4.1 – 6 Years  

£4,805

 

£4,750

 

£4,615

 

£4,460

Previous month Diff  

-3.8%

 

-1.1%

 

-2.8%

 

-3.4%

Over 6 Years  

£2,510

 

£2,365

 

£2,275

 

£2,180

Previous month

Diff

 

-4.0%

 

-5.8%

 

-3.8%

 

-4.2%

At £4,623, the average price paid for LCVs in March fell by £126 (-2.7%) which is a fall of £171 (-3.6%) over the past 12 months.

Volume Changes by Age

Dec-14

Jan-15

Feb-15

Mar-15

<2 Years  

281

 

478

 

684

 

460

Previous month Diff  

-27.8%

 

70.1%

 

43.1%

 

-32.7%

2 – 4 Years  

1,445

 

3,158

 

3,236

 

3,848

Previous month Diff  

-35.6%

 

118.5%

 

2.5%

 

18.9%

4.1 – 6 Years  

1,260

 

2,422

 

2,613

 

2,635

Previous month Diff  

-31.0%

 

92.2%

 

7.9%

 

0.8%

Over 6 Years  

1,576

 

3,672

 

4,033

 

4,386

Previous month Diff  

-42.0%

 

 

133.0%

 

 

9.8%

 

 

8.8%

At 11,329, with the exception of nearly new LCVs, the total number of LCVs sold at auction increased within each age band. The total volume of LCVs selling at auction in March was an impressive 23% higher than recorded for this same month in 2014.

Alex Wright, Chairman of NAMA Commercial Vehicle Group commented, “The wholesale market’s performance as represented in the March NAMA LCV report continues to deliver an upbeat message with demand holding firm despite sizeable increases in both overall sales volume and average age.

“The 7.2% volume increase over February 2015 was expected following the new registrations entering the used LCV market. Even more significantly we are pleased to see that the year-on-year growth has reached 23% – one of the largest increases seen. This did however lead to a -9.3 year-on-year decrease in conversation rates.

“It is also interesting to see that LCV’s over 6 years recorded the largest number of sales following a downward trend. We are hopeful that the outlook for the summer months looks promising.”

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

 

Posted by Sue Robinson on 17/04/2015