their remarketing partners.

“Holding out for the money is a strategy that invariably costs money, with the vehicles eventually being sold for a value less than was originally bid.

“It is good to see an increase in buyers in the auction halls again and there is also good quality overage dealer stock attracting interest from buyers. Whilst stock and buyers are there, additional realignment in pricing will be necessary during June, reflecting supply and demand, but the overall market remains positive and well balanced.”

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 Industrythat will maximise returns or to take account of condition when setting reserve prices.

“Although there are undoubtedly challenges ahead of us, with the UK economy being healthy and set to grow over the coming 12 months, there is good reason to be optimistic over the medium term.”

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 Trade