Automotive Industry Digest

Latest Fleet News For The Automotive Industry

Residual value update

NAMA car auction report may 2017

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

The report shows that overall in May:

First time conversion rates decreased by -1.2% to 74.1% since April – the rate was up by  0.9% on the same period last year

Average selling value increased 3.0% from £5,027 to £5,176

Average mileage went down by -0.1% to 64,379

The first time premium was £61 – down by £30 (-33.0%) on last month, and down by £143 (-70.1%) on the same period last year.

Louise Wallis, Head of NAMA commented, “Activity in the auction market throughout May continued to be challenging.

“High stock volumes and a lack of desire from buyers to pay what many consider to be above market prices for average stock, has led to a further weakening in conversion rates.

“With the summer months among us, we are keen to see the auction market stabilise.”

Automotive Industry Digest

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