LCV demand outstripping supply
LCV demand has risen throughout September, with the National Association of Motor Auctions reporting there were more buyers than available stock.
NAMA members have reported conversion rates of 88% during the month, with average prices increasing steadily.
It has also reported growing interest in electric vehicle vans, although they are taking 52 days to sell on average compared to 42 days for diesel vans.
Interest in electric vans reflects a wider trend in electric vehicles, with NAMA members reporting a 20% growth in EV sales compared to the same month in 2024. Demand is greatest for those aged three to five years old, but the Electric Car Grant and vehicle manufacture discounts has softened interest for EVs under a year old.
Strong values
NAMA spokesperson Paul Hill said: “NAMA members have seen another strong month, with conversion rates at year-to-date highs and robust bidding across all sectors. Members are reporting strong values for vehicles – all makes, models, derivatives and mileages – reflecting both market demand and the resilience of the UK wholesale auction sector.”
He added:
“September is usually when we start to see the market soften, but this year the wholesale sector has held up remarkably well. High conversion rates, strong buyer attendance and stable pricing all point to a positive outlook as we move into the final quarter of 2025.”
