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The National Association of Motor Auctions (NAMA) published its monthly market report this week for March.
The report shows that during March the average month-on-month value of used cars sold at auction across the board decreased -5.7% from £5,567 to £5,251.
Sales volumes were up by 19.1% in comparison to the February 2015 figures. This is not unexpected as stock levels increased at the auction centres in line with the March market and plate change generating part exchange vehicles and end of contract vehicles.
The percentage of vehicles sold first time during March 2015 remained static at 84% compared to February 2015, but was down by 2% on the equivalent period in 2014 at 86%, although the numbers sold were greater than 2014 figure.
The price premium for vehicles sold first time remained static at £350 and the average days on site decreased to 6.8 days.
Sale Price by Age Profile in March 2015 compared to 2014
|Late & Low||£14,725||£14,300||-2.9%|