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NAMA Auction Report For August 2017

The report shows that overall in August:

 

  • First time conversion rates increased by 3.1% to 82.3% from July, the rate was also 4.6% higher than in August 2016.
  • Average selling value were 7.5% higher than August 2016, rising from £4,824 to £5,188
  • Average mileage went up by 1.1% to 65,654
  • The first time premium was £109 – up by £43 (+65.2%) on last month

 

Louise Wallis, Head of NAMA commented, “It is positive to see that the auction market strengthened again in August.

 

“First time conversion rates at 82.3% were higher than the same period last year, however, sold volume was fairly similar, meaning that there was less stock available in the month this year.

 

“Hammer prices remained high in August due to demand exceeding supply. As we enter the plate change month, supply shortages are likely to ease, although demand is expected to remain high, particularly, for clean low mileage petrol vehicles.

 

“We expect overall auction activity to remain stable in the forthcoming months.”

 

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John Hubbard BA Partner and Auctioneer
01392 425481 or 07860 597434


Oliver Mortimore
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01392 425481 or 07811 979504



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