NAMA Report June 2015
The National Association of Motor Auctions (NAMA) published its monthly market report today for June 2015.
The report shows that the average sale price in June increased by £98 on the May 2015 figure from £5,400 to £5,498. This is also the case for the year-on-year value with June 2015 increasing by 2.2% on the June 2014 average sale price of £5,381.
Sales volumes for June 2015 are up by 2.1% in comparison to the May 2015 figure. In terms of a year on year comparison, vehicle auction sales were also up by 2.3% from 106,485 in June 2014 to 108,950 in June 2015 selling 2,465 more vehicles in June 2015.
The percentage of vehicles sold first time in June 2015 is static at 73% in comparison to May 2015, however in comparison to June 2014 the percentage is down from 77% a decrease of 4%.
The price premium for vehicles sold first time also remained static £275 and the average days on site increased to 8.8 days.
Sale Price by Age Profile in May 2015 compared to June 2014
|Late & Low||£14,575||£14,575||0.0%|
Despite increased total volumes from May 2015 to June 2015 and increased volumes compared to June 2015, sale prices have increased in four out of five categories with Late Low remaining static.
Paul Hill, NAMA chairman said, ‘Continued low interest rates combined with favourable exchange rates, new models, advanced technology, and improved safety features are helping to support manufacturers with their growth objectives for new car sales.
‘At the wholesale level conversion rates have dropped slightly in June with increased volumes in the auction halls and the wholesale trade in general including digital and alternative channels. Prices have remained buoyant in June and this is likely to continue throughout July and August as used vehicle stock levels are likely to fall during the holiday season and prior to the September plate change.’
‘The increase on Late Low and Fleet Profile stock is likely to continue in July, and as a consequence of record registration figures in June as fleet returns and overage stock enter the market, we are likely to see another realignment of pricing in line with volume in this particular sector.’
‘July will again need the vendors’ remarketing partners to guide and advise on market conditions and levels of vehicle preparation to achieve the best results in terms of price and conversion rate achievement combined with minimal days to sell.’