Vehicle remarketing specialist G3 Remarketing has invested in training from the National Association of Motor Auction (NAMA) for all of its vehicle inspection staff. The NAMA training scheme sets out to enhance buyers’ trust in the condition and grade of a vehicle at auction – whether online or in person. G3, an independent remarketer, holds
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G3 Remarketing invests in NAMA training for inspection staff
Businesses encouraged to run Brexit stress tests
Remarketing firms and the wider business community have been urged to run stress tests on their operations in case Britain votes to leave the European Union. Headlining the Vehicle Remarketing Association’s annual conference, which took place earlier this month in Birmingham, Deloitte economist Debrapratim De advised delegates to assess their business’s ability to weather the
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NAMA Grading ‘enhances’ digital trade buying experience
NAMA Grading is helping digital trade buyers in terms of speed, accuracy and confidence and vendors in terms of conversions and values. The online buyer is a key player in today’s remarketing sector and it is making a difference to the wider remarketing model, says NAMA. Online trade buyers are comfortable with technology and use
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Used car values come under pressure in December
Values of used cars are under pressure in December as carmakers continue to push for market share in the new car market in Q4. The National Association of Motor Auctions (NAMA) said the pressure would continue into 2016 “Values for December are under pressure with increased volumes of stock and reduced demand. It is anticipated
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Average used car prices up 0.9% in October
The average sale price of a used car increased slightly by 0.9% to £5,441 from £5,263 in October, according to the National Association of Motor Auctions (NAMA). NAMA’s monthly report shows sales volumes for October rose by 2.4% in comparison to September 2015. In terms of a year on year comparison vehicle auction sales rose
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Pre-registrations volumes yet to impact remarketing sector, says NAMA
The growing use of pre-registrations has yet to feed any significant impact into auction values or volumes, according to the National Association of Motor Auctions (NAMA). NAMA said dealers have so far been able to absorb the growing number of nearly new vehicles as manufacturers and dealers seek to achieve ambitious volume targets. Year-on-year, volumes
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Used van values fall as older stock hits market
Vans values are falling as higher numbers of older vehicles go to auction. That’s the view of the National Association of Motor Auctions (NAMA) which said that since January values have experienced a “gentle fall”. “In very real part, the fall in values and auction activity reflects an increase in selling activity in the 4+
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Average used prices drop by 3.5% in September
Average sale prices decreased by 3.5% from £5,588 to £5,391 month-on-month, according to the latest report from the National Association of Motor Auctions (NAMA). Sales volumes for September were up by 12.6% in comparison to August 2015, in line with the seasonal trends during the 65- number plate change. In terms of a year-on-year comparison,
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Used car values to tail-off in final quarter – NAMA
Auction houses are expecting to see a tail-off in used car values in the final quarter of 2015 as greater volumes of cars enter the market. Increased volumes of part-exchange vehicles generated by the September plate change and leasing company disposals will put pressure on margins, according to the National Association of Motor Auctions (NAMA)
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July used car trade sales up 12.2%, says NAMA
Sales of used cars at auction in July increased by 12.2% year on year and conversion levels rose to 80% from 73% in the preceding month. The figures from the National Association of Motor Auctions (NAMA) members “reflect strong levels of trade buyer activity”, particularly among the smaller and medium sized franchised and independent dealers.
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More than one million vehicles sold through NAMA grading scheme
Around 1.5 million vehicles have been sold through the National Association of Motor Auctions (NAMA) grading scheme since its launch two years ago. The scheme, which consists of five grades, has been introduced by NAMA members, and is designed to facilitate the buying and selling process of a new car by giving both parties a
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Used car converstion rates warning
A number of leading used value experts have warned about dropping auction conversion rates as values begin to soften and reserve prices fail to reflect the latest trends. The National Association of Motor Auctions, BCA and Cap have all recently declared concerns, as trade buyers begin to become more selective, especially as warm weather and
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