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You are here: Home1 / NAMA

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Motor auctioneers ‘optimistic’ – NAMA

UK News

“Overall, the used car market is in a strong position heading towards the tail end of the year. Whilst the lack of new car registrations in the past two and a half years has stemmed the supply of used cars for forecourts, values reaching record heights has balanced this out. NAMA Members are reporting stable trading, and that the market is in a good position”, said Paul Hill National Association of Motor Auctions (NAMA) spokesman, after a meeting was held earlier this week with key industry figureheads to discuss current industry issues.

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Related news:

  1. 2016 a record year for motor auctions
  2. Auctioneers expect volumes to increase in April
  3. Conversion rates set to improve in August, predict NAMA members
  4. Auction demand expected to ‘level out’ in March
18th November 2022/by Peter Gardner

UK used car market “stable” says NAMA

Market Info, UK News

Over the last four weeks of trading the retail market has reported fall in demand from consumers, in comparison to the previous four, which is expected from retailers. The well documented issues relating to supply, driving the value of used car values up, has maintained this level and appears to be steady. Demand for diesel is still reducing, whilst petrol and BEV remain as the markets focal point.

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Related news:

  1. Q1 2020 used car sales were stable before lockdown
  2. NAMA predicts ‘strong February’ for motor auction sector
  3. Conversion rates set to improve in August, predict NAMA members
  4. Used car volumes set to increase in September due to plate change
23rd September 2022/by Peter Gardner

NAMA survey shows auctioneers bullish about future car sales

UK News

Auction houses continue to experience strong vehicle values, even with increased volume supply, according to the National Association of Motor Auctions (NAMA). In response to the latest NAMA survey, 40 per cent of auctioneers who responded said they expect auction volumes for cars to increase, with a further 50 per cent expecting them to remain the same. This increase is in part down to September part-exchange cars making their way to auction.  

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Related news:

  1. NAMA predicts ‘strong February’ for motor auction sector
  2. Auctioneers expect volumes to increase in April
  3. Conversion rates set to improve in August, predict NAMA members
  4. Auction demand expected to remain strong in February
14th October 2020/by Peter Gardner

It’s an ill wind…

UK News

Much has been written about the economic effects of the Covid-19 pandemic and the subsequent lockdown and it is fair to say that, in general, these effects are perceived as negative. However, not everyone are wringing their hands and moaning about how awful it all is – auction houses have been reporting a strong market in used vans during the month of September, with demand exceeding supply, thus pushing up used van values past last year’s levels.

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  1. NAMA AGM auction for BEN is a record breaker
  2. NAMA AGM raises £14,150 for BEN
  3. NAMA market attitude survey optimistic about van market
  4. Motor auctions see rising volumes with prices remaining high
22nd September 2020/by Peter Gardner

Motor auctions see rising volumes with prices remaining high

UK News

Auction houses are experiencing strong vehicle values and a strong demand for stock, according to the National Association of Motor Auctions (NAMA).

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Related news:

  1. 2016 a record year for motor auctions
  2. MP visits NAMA member
  3. Vehicle volumes set to fall as used car market enters final quarter says NAMA
  4. Auction demand expected to ‘level out’ in March
13th August 2020/by Andrew

Q1 2020 used car sales were stable before lockdown

UK News

The used car market in Q1 2020 saw a fall of -8.3 per cent in comparison to Q1 2019, with 1,851,919 transactions taking place. In Q1 2019, that figure was 2,020,144. However, in January and February, the market had grown by +2.9 per cent and +4.0 per cent respectively compared to their figures in 2019, showing the used car market had a strong start to the year. The COVID-19 outbreak, and subsequent halt of auction transactions however meant March sales fell -30.7 per cent, causing the quarter overall to indicate a reduction of sales.

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Related news:

  1. 2016 a record year for motor auctions
  2. Used car volumes set to increase in September due to plate change
  3. Vehicle volumes set to fall as used car market enters final quarter says NAMA
  4. Used car market ends 2019 with increase in Q4
15th May 2020/by Andrew

NAMA issues advice on opening to auctions

UK News

Following the government closure of auctions due to the ongoing coronavirus outbreak, NAMA has looked at ways in which its members can maintain operations and continue to sell vehicles to customers safely.  “We have issued guidance for our motor auctions to give them advice on how they can effectively and safely maintain their business activities during the current lockdown,” said Louise Wallis, head of the National Association of Motor Auctions (NAMA) regarding the opening of motor auctions during the COVID-19 restrictions.

Read more

Related news:

  1. 2016 a record year for motor auctions
  2. MP visits NAMA member
  3. Vehicle volumes set to fall as used car market enters final quarter says NAMA
  4. Q1 2020 used car sales were stable before lockdown
12th May 2020/by Andrew

Auction demand expected to ‘level out’ in March

UK News

“Following the past few months of strong volume growth, respondents to the survey are expecting volumes to stabilise during March,” said Louise Wallis, head of the National Association of Motor Auctions (NAMA), commenting on the latest figures from NAMA’s market attitude survey.

Read more

Related news:

  1. 2016 a record year for motor auctions
  2. Vehicle volumes set to fall as used car market enters final quarter says NAMA
  3. Auctioneers expect volumes to increase in April
  4. Used car volumes set to increase in September due to plate change
13th March 2020/by Andrew

NFDA on CTSI consumer law guide for used car industry

Legislation, UK News

The Chartered Trading Standards Institute (CTSI) has published a free guide on consumer law for the UK used car industry, titled Car Traders and Consumer Law.

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  1. Used car market ends 2019 with increase in Q4
  2. Used car market rebounds
  3. NAMA ‘pleased at government response to clocking problem’
  4. UK automotive sector reacts to the Queen’s Speech
3rd March 2020/by Andrew

Used car market ends 2019 with increase in Q4

UK News

The used car market saw a growth of 2.4 per cent in the last quarter of 2019 with 1,804,343 transactions. Overall in 2019, the used car market finished almost on par with the previous year with a marginal decline of -0.1 per cent and a total of 7,935,105 sales. Used petrol declined by -0.3 per cent, diesel -0.6 per cent, while combined alternative fuel vehicles grew by 23.4 per cent. Transactions of Euro 6 diesel models were up 32.5 per cent.

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Related news:

  1. NFDA on CTSI consumer law guide for used car industry
  2. 2016 a record year for motor auctions
  3. Used car volumes set to increase in September due to plate change
  4. Q1 2020 used car sales were stable before lockdown
13th February 2020/by Andrew

Auction demand expected to remain strong in February

UK News

“A majority of respondents to this month’s survey have indicated that they expect auction volumes to stabilise in February following an increase in supply during January,” said Louise Wallis, head of the National Association of Motor Auctions (NAMA), commenting on the latest figures from NAMA’s market attitude survey.

Read more

Related news:

  1. NAMA predicts ‘strong February’ for motor auction sector
  2. Auctioneers expect volumes to increase in April
  3. Conversion rates set to improve in August, predict NAMA members
  4. Used car volumes set to increase in September due to plate change
12th February 2020/by Andrew

Vehicle volumes set to fall as used car market enters final quarter says NAMA

UK News

“Half of respondents in this month’s NAMA survey are expecting volumes to fall over the coming month. Volumes of vehicles arriving at auction centres generally reduce towards the end of the year, and this year appears to be no different,” said Louise Wallis, head of the National Association of Motor Auctions (NAMA), commenting on the latest figures from NAMA’s market attitude survey.

Read more

Related news:

  1. 2016 a record year for motor auctions
  2. Auction demand expected to ‘level out’ in March
  3. Used car volumes set to increase in September due to plate change
  4. Used car market ends 2019 with increase in Q4
12th November 2019/by Andrew

Used car conversion rates set to strengthen in October according to NAMA members

UK News

“All respondents to this month’s NAMA survey are expecting conversion rates to increase or remain stable in October. Conversion rates improved during September as a factor of shortening vehicle supply, at a time when dealer and car dealerships were looking for stock for their forecourts,” said Louise Wallis, Head of the National Association of Motor Auctions (NAMA), commenting on the latest figures from NAMA’s market attitude survey.

Read more

Related news:

  1. NAMA AGM auction for BEN is a record breaker
  2. NAMA AGM raises £14,150 for BEN
  3. NAMA predicts ‘strong February’ for motor auction sector
  4. Used car volumes expected to increase in May
7th October 2019/by Tyrepress Editors

Used car volumes set to increase in September due to plate change

UK News

National Association of Motor Auctions (NAMA) members are positive about the prospects of used cars following the number plate change. “More than 80 per cent of NAMA members are expecting vehicle volumes to increase or remain steady in September. The increase will be promoted by the number plate change with both dealer part-exchanges and leasing company de-fleets arriving at remarketing centres,” said Louise Wallis, head of NAMA, commenting on the latest figures from NAMA’s market attitude survey.

Read more

Related news:

  1. NAMA AGM raises £14,150 for BEN
  2. NAMA predicts ‘strong February’ for motor auction sector
  3. NAMA market attitude survey optimistic about van market
  4. Auction demand expected to ‘level out’ in March
13th September 2019/by Andrew

Used car market declines as consumers delay purchases

UK News

“The decline of -2.8 per cent in used car transactions in the second quarter of 2019 was anticipated due to a number of factors that affected the sector over the past months, but the market remains at high levels”, said Sue Robinson, Director of the National Franchised Dealers Association (NFDA) which represents franchised car and commercial vehicle retailers in the UK commenting on the latest SMMT used car figures.

Read more

Related news:

  1. Automotive businesses shouldn’t pay debit card fees – NFDA
  2. IGA ‘delighted’ with NFDA survey results
  3. Used car market ends 2019 with increase in Q4
  4. NFDA on CTSI consumer law guide for used car industry
15th August 2019/by Tyrepress Editors
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