The National Association of Motor Auctions (NAMA) has confirmed that average selling value increased 4.2% from £5,176 to £5,392 in June 2017.
NAMA’s monthly car auction data report confirms that conversion rates increased by 1.3% to 75.4% from May. The rate was was down by -0.3 % compared with June 2016.The data shows that average mileage went down by -0.4% to 64,102 in June 2017. The first time premium was £95 – up by £34 (55.7%) on May 2017.
Louise Wallis, Head of NAMA commented, “Auction activity showed signs of improvement in June – strengthening as the month progressed. The overall conversion rate improved by 1.3% – whilst this was significantly lower compared to some the highs seen in the first quarter, this is broadly in line with last year’s performance.”
Wallis remains positive regarding the coming months, “We anticipate the market to remain stable with good quality cars remaining in demand.”
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