economy and the market.

“Generally we tend to see vendors hold back volume in the December market as they have fear of buyer demand dropping. However, in2015 there was little doubt the strong buyer base was standing in the hall and clicking on line eager to stock up.”

ENDS

Notes for editors: NAMA is the auction division of the RMI. NAMA market information is based on data supplied by its National members operating in the remarketing sector. The monthly sample size is up to 90,000 vehicles. The full report is available on request.

The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor TradeAssociation which represents the retail motor industry in Scotland.

NAMA REPORT DECEMBER 2015

The National Association of Motor Auctions (NAMA) published its monthly market report today for December 2015.

The report shows that the average sales price in December decreased by -1.8% from £5,637 in November 2015 to £5,534. Compared to December 2014 there was also a fall of 2.4% from £5,670.

Sales volumes for December fell by 30.9% in comparison to November 2015. Year-on-year vehicle auction sales have risen by 26.0%, from 55,625 in December 2014 to 70,063 in December 2015.

The percentage of vehicles sold first time in December remained static in comparison to November at 77%. In comparison to December 2014 however, the first-time conversion rate increased by 4% points from 73%.

The price premium for vehicles sold first time increased