Tag: used cars

Auction demand expected to ‘level out’ in March

13th March 2020 | 0 Comments

“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.

Continue Reading

NFDA on CTSI consumer law guide for used car industry

3rd March 2020 | 0 Comments

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.

Continue Reading

Used car market ends 2019 with increase in Q4

13th February 2020 | 0 Comments

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.

Continue Reading

Two-thirds of cars bought in cash

9th December 2019 | 0 Comments

Nearly two-thirds (63 per cent) of car owners bought their last car outright using cash or a debit card, with over 55s the most likely to do this. The East of England is the region most likely to buy their car outright (70 per cent), and the North East the least likely to (51 per cent).

Continue Reading

Used car market rebounds

15th November 2019 | 0 Comments

The used car market rose by 0.9 per cent in the third quarter of 2019 with 2,076,382 vehicles changing hands, 18,925 more than the same period in 2018. Plug-in electric and hybrid models showed a solid increase of 13.0 per cent. Demand for diesel grew by 1.4 per cent, petrol sales saw a slight decline of -0.2 per cent.

Continue Reading

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

12th November 2019 | 0 Comments

“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.

Continue Reading

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

13th September 2019 | 0 Comments

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.

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

Quality stock shortage means vehicle preparation importance growing – VRA

21st May 2019 | 0 Comments

An increasing shortage of good quality stock in the used car sector means that there is a growing emphasis being placed on vehicle preparation for sale, says the Vehicle Remarketing Association.

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

Mycarcheck.com January 2019 market guide tackles Brexit ‘uncertainty’

Mycarcheck.com January 2019 market guide tackles Brexit ‘uncertainty’

22nd January 2019 | 0 Comments

Mycarcheck.com’s valuation experts have revealed significant trends in the UK used vehicle market, choosing a car and bike of the month.

Continue Reading

New car diesel sales falling fast enough to cause potential shortages in future, says VRA

New car diesel sales falling fast enough to cause potential shortages in future, says VRA

17th January 2019 | 0 Comments

New diesel car sales are falling so quickly that there could be shortages of them on the used market in the near future, says the Vehicle Remarketing Association. The organisation, which represents companies that handle, sell, inspect, transport or manage more than 1.5 million used vehicles every year, says that while new car diesel demand has plummeted, corresponding used demand has stayed relatively firm.

Continue Reading

Buy subscriptions, premium industry reports, and business directory entries in our shop. | Dismiss

[ + ]