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 Association which represents the retail motor industry in Scotland Trade Association which represents the retail motor industry in Scotland.

NAMA REPORT FEBRUARY 2014

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

The report shows that during February, the average value of used cars sold at auction across the board increased 0.3% from £5,426 to £5,442.

Last month recorded a 15.6% drop in volume over January, although this is a seasonal dip given a comparable fall last year. The 95,936 units sold are anincrease of 11,991 over the volume sold in February 2013 which is a rise of 14%.

The percentage of vehicles sold first time round improved to 86% driven by improvements in Fleet profile cars, although the Budget segment remains the best performer at 88.3% of vehicles sold first time.

The overall average age of cars sold at auction increased by 3.6 months to 82.4 months year on year and by 1.4 months from January to February 2014. Average mileage also increased by 1,903 miles to 66,794 year on year and by 1,088 since January 2014. The significant reduction in days on site for sold stock and increase in conversion rates suggests a general stock shortage during February.

Throughout February prices remained broadly stable despite the rising age and mileage in all