The average sale price of a used car increased slightly by 0.9% to \u00a35,441 from \u00a35,263 in October, according to the National Association of Motor Auctions (NAMA).<\/p>\n
NAMA\u2019s 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 by 12.0% from 102,707 in October 2014 to 114,986 in October 2015.<\/p>\n
The percentage of vehicles sold first time in October decreased from 85% in September to 80%, a fall of 5%. In Comparison to October 2014 there was no change in the conversion rate, remaining static at 80%.<\/p>\n
Four out of the five market sectors saw a sales price growth on the equivalent month 2014 with only the late and low sector falling in price on the previous year. There were a significant number of budget vehicles sold during the month at auction maintaining the trend experienced throughout 2015 with prices holding well despite the volume.<\/p>\n
Paul Hill, NAMA chairman, said: \u00a0\u201cAt the wholesale level, first time conversion rates declined in four of the five market segments to below 80%.<\/p>\n
\u201cIn addition to the fleet volume, dealers continued to clear the decks of overage stock and unwanted part exchange vehicles that arrived on site as a result of new car sales activity in September and October.\u201d<\/p>\n
Hill is expecting manufacturers to continue the push offers into the new car market towards the end of this ear.<\/p>\n
He said: \u201cAs always the ever vigilant vendor remarketing partners will need to keep close to the market changes and council wisely at the pre-auction briefings.<\/p>\n
\u201cIn addition swift advice will be needed to ensure days to sale are kept to a minimum and the best values are achieved on the day.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"