Automotive Industry Digest

Latest Fleet News For The Automotive Industry

Residual value update

NAMA car auction report June 2017

The National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for June 2017.

The report shows that overall in June:

First time conversion rates increased by 1.3% to 75.4% from May – the rate was down by  -0.3 % on June 2016

Average selling value increased 4.2% from £5,176 to £5,392

Average mileage went down by -0.4% to 64,102

The first time premium was £95 – up by £34 (55.7%) on last month

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.

“We anticipate the market to remain stable with good quality cars remaining in demand.”

Automotive Industry Digest

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