NAMA reports strong wholesale vehicle market performance
The National Association of Motor Auctions (NAMA) has reported that the wholesale vehicle market performed strongly in June.
Petrol and hybrid models continued to perform strongly, down just 0.4% and 0.5% respectively, while electric vehicle values saw a further easing in June, down by 1.8% following last month’s 2.8% movement.
Meanwhile, the light commercial vehicle (LCV) market remained consistent, with internal combustion engine (ICE) vans also performing well. While stock availability varied between members, well-graded commercial vehicles remained in strong demand. Battery-electric vans (BEVs) continue to present some challenges, but appetite is growing for newer, longer-range models.
Retail activity has also shown signs of growth, with franchised and independent dealers reporting steady sales and stock turnover.
NAMA spokesperson Paul Hill said: “The wholesale vehicle market continued to perform steadily through June, with conversion rates improving and pricing remaining relatively stable.
“While there are still some areas requiring close attention, such as EV values, the wholesale market remains in good shape. NAMA members are seeing strong buyer demand for quality vehicles, and we expect this trend to continue into July.”
