The National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for December 2017.
The report shows that overall in December:
- First time conversion rates decreased slightly by -1.9% to 77.7% from November
- Average selling value increased 2.4% from £5,558 to £5,693 from the previous month, and was up 3.9% from last Decembers figure of £5,477
- Average mileage went down by -0.8% to 63,800 from November but remained static on the same period last year
- The first time premium was -£156 – a -7.6% decline on last month’s figure of -£145
Louise Wallis, Head of NAMA commented, “Auction activity declined overall in December which is normal for the time of year. Lower demand for cars affected conversion rates and hammer prices.
“The New Year has started to see better results, and there is a good supply of vehicles giving buyers a wide choice. Demand has been picking up since the first week of the month, which should help values