Tag: NAMA

Used car market declines as consumers delay purchases

15th August 2019 | 0 Comments

“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.

Continue Reading

Conversion rates set to improve in August, predict NAMA members

8th August 2019 | 0 Comments

The latest National Association of Motor Auctions’ market attitude survey has found that more than 50 per cent of members expect conversion rates to increase in August. “This has been assisted by the volume of vehicles coming though remarketing centres which has meant buyers have had less vehicles to choose from and has in turn increased conversion rates of those vehicles that are available to buy,” said Louise Wallis, head of NAMA.

Continue Reading

NAMA raises £24k for GOSH

NAMA raises £24k for GOSH

11th July 2019 | 0 Comments

The National Association of Motor Auctions (NAMA) raised a phenomenal £24,000 at its annual AGM in May. A cheque was presented to representatives from Great Ormond Street Children’s hospital at the recent executive meeting.

Continue Reading

NAMA market attitude survey optimistic about van market

4th July 2019 | 0 Comments

Findings of the latest NAMA market attitude survey show that the general feeling continues to be that the Euro 6 van market will remain strong. Nearly half of respondents (46 per cent) expect Euro 6 van values to increase and the same percentage believe they will stay stable. By contrast, over half of respondents expect values to decline in the pre euro 6 van market. “NAMA members expect the Euro 6 van market to stay strong as Government clean air policies encourage businesses to purchase these vehicles” said Louise Wallis, head of the National Association of Motor Auctions (NAMA).

Continue Reading

NAMA’s 50th AGM raises £24,000 for Great Ormond Street

23rd May 2019 | 0 Comments

The National Association of Motor Auctions (NAMA) held its annual AGM on the 18 May in the Algarve, Portugal. A charity auction in aid of Great Ormond Street Children’s hospital took place following the AGM, raising £24,000.

Continue Reading

Used car volumes expected to increase in May

9th May 2019 | 0 Comments

The National Association of Motor Auctions (NAMA) expects used car volumes to increase in May through dealer part-exchanges and corporate de-fleets, according to the latest figures from NAMA’s market attitude survey. As volumes increase, auction houses are expecting first time conversion rates to fall as buyers have more cars to choose from. This is normal for this time of year following the plate change, and suggests the market is following the usual trend as the supply of vehicles grows.

Continue Reading

Auctioneers expect volumes to increase in April

2nd April 2019 | 0 Comments

The National Association of Motor Auctions’ (NAMA) market attitude survey shows that most auction centres expect to see petrol and diesel car values remain stable, with only five per cent of respondents expecting a decrease in petrol prices and 15 per cent expecting a drop in diesel. Values of Alternative Fuel Vehicle (AFV) which include hybrid and electric vehicles are thought also to remain steady during April, although unlike petrol and diesel, some members have indicated that these values could actually increase as demand for them steadily rises.

Continue Reading

NAMA predicts ‘strong February’ for motor auction sector

4th February 2019 | 0 Comments

James Tomlinson, chairman of The National Association of Motor Auctions (NAMA), has revealed an optimistic outlook from the association’s latest sentiment survey. “February looks set to be a strong month for motor auctions, with the majority of sites expecting both volumes and conversion rates to increase,” he said.

Continue Reading

2018 ‘best year ever’ for motor auctions

2018 ‘best year ever’ for motor auctions

24th January 2019 | 0 Comments

“The overall used car market reached record highs in 2018, despite pressures in the new car market with the introduction of the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) in September”, said James Tomlinson, chairman of The National Association of Motor Auctions (NAMA).

Continue Reading

MP visits NAMA member

MP visits NAMA member

31st July 2018 | 0 Comments

Kemi Badenoch MP visited National Association of Motor Auctions (NAMA) member, Aston Barclay Car Auctions in Chelmsford on Thursday 26 July.

Continue Reading

NAMA AGM raises £14,150 for BEN

9th May 2018 | 0 Comments

The National Association of Motor Auctions (NAMA) held its annual AGM on the 28 April in Lisbon, Portugal. A charity auction in aid of BEN – the automotive industry charity, took place following the AGM, raising £14,150.

Continue Reading

NAMA AGM auction for BEN is a record breaker

NAMA AGM auction for BEN is a record breaker

24th May 2017 | 0 Comments

The National Association of Motor Auctions (NAMA) held its annual AGM on 20 May in Belfast. A charity auction in aid of automotive industry charity BEN took place following the AGM, raising a record-breaking £17,450.

Continue Reading

2016 a record year for motor auctions

31st January 2017 | 0 Comments

2016 saw record used car sales of 7.7 million and this translated into a very busy year for auctions, as dealers bought cars to fill forecourts to meet consumer demands. “Following what could be described as an uncertain political and economic climate, 2016 marked a strong performance from the UK motor auction sector”, commented Louise Wallis, head of The National Association of Motor Auctions (NAMA).

Continue Reading

Nama presents tyre & battery ranges

Nama presents tyre & battery ranges

25th October 2016 | 0 Comments

Sometimes it pays to think small. Qingdao Nama Industrial Co. Ltd, manufacturer of the Nama tyre brand, has found a niche market on the lower end of the rim diameter scale. Tyres & Accessories spoke with company chief executive officer William Liu at CITExpo, and Liu showed off several diminutive products (the smallest had just a 10-inch rim diameter!) including a product aimed at the European market.

Continue Reading

NAMA ‘pleased at government response to clocking problem’

16th August 2016 | 0 Comments

Recently, the National Association of Motor Auctions (NAMA), the UK’s leading representative body for vehicle auctions, sent a letter to the newly appointed secretary of state for transport, Rt Hon Chris Grayling MP, raising the subject of odometer fraud, or ‘clocking’; the practice of altering a vehicle’s odometer to show a lower mileage than that actually travelled, thereby increasing the re-sale value of the vehicle.

Continue Reading

[ + ]