Vehicle auctions trade body, The National Association of Motor Auctions (NAMA) has published figures for November 2016.

The NAMA figures indicate that first time conversation rates decreased by -0.9% to 79.2% – however were still up 2.9% on the same period last year. Average selling value increased 0.4% from £5,347 to £5,370 while average mileages fell 1.7% to 64,738 and the first time premium was £80, down £106 (-57%) on last month, and down £14 (-14.7%) on the same period last year.

Talking about what the figures mean, Louise Wallis, Head of NAMA commented, “Wholesale used car activity throughout November only cooled slightly compared with October which underlines how strong auction activity has been during the final quarter of the 2016. We look forward to seeing what the auction market has in store following the Christmas and New Year break.”