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.

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.

AUCTION ACTIVITY STRENGTHENS FURTHER IN SEPTEMBER

The National Association of Motorfrom the press office.

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

AUCTION ACTIVITY SLOWS IN OCTOBER

The National Association of Motor Auctions (NAMA) has published its monthly car auction data report today for October 2017.

The report shows that overall in October:

First time conversion rates decreased by -2.2% to 83.2% from September- however the rate was up 3.1% on the same period last year

Average selling value decreased -2.3% from £5,893 to £5,759 from the previous month, however positively was up 7.7% from last Octobers figure of £5,347

Average mileage went up by