The data also showed an 85% increase in volumes and the average age of LCVs sold at auction rose to 67.5 months.
The average number of days that LCVs remained on site went up to 17.6 days, and the average mileage increased from 82,831 to 83,349 miles.
Price Changes by age
| Oct-14 | Nov-14 | Dec-14 | Jan-15 | |
| Previous month diff | 14.1% | -15.5% | -3.8% | 11.1% |
| 2-4 Years | £7,000 | £6,745 | £7,155 | £6,685 |
| Previous month diff | 5.7% | -3.6% | 6.1% | -6.6% |
| 4.1-6 Years | £4,930 | £4,995 | £4,805 | £4,780 |
| Previous month diff | 6.3% | 1.3% | -3.8% | -0.5% |
| Over 6 Years | £2,585 | £2,615 | £2,510 | £2,415 |
| Previous month diff | 5.9% | 1.2% | -4.0% | -3.8% |
At £4,907, despite the average price paid for LCVs in January falling by £184 (-3.6%) NAMA said this still represented an uplift of £100 (+2%) over the comparable figure recorded in 2014.
Volume Changes by Age
| Oct-14 | Nov-14 | Dec-14 | Jan-15 | |
| < 2 Years | 531 | 389 | 281 | 447 |
| Previous month diff | 23.2% | -26.7% | -27.8% | 59.1% |
| 2-4 Years | 2,483 | 2,245 | 1,445 | 2,812 |
| Previous month diff | -15.2% | -9.6% | -35.6% | 94.6% |
| 4.1-6 Years | 2,187 | 1,826 | 1,260 | 2,109 |
| Previous month diff | 13.1% | -16.5% | -31.0% | 67.4% |
| Over 6 Years | 3,064 | 2,717 | 1,576 | 3,059 |
| Previous month diff | 13.5% | -11.3% | -42.0% | 94.1% |
At 8,427, the total number of LCVs sold at auction in January grew sharply from the low point reached in December. Despite increases being posted across all age bands, the total volume was more than 8% below that recorded in January 2014.
Alex Wright, chairman of NAMA Commercial Vehicle Group, commented: ‘The year on year figure for LCV’s was not as predicted. In fact, the opposite of what everyone expected has happened. Volume was down and prices were up again on a very strong January 2014.
‘The age of stock over 6 years the highest sector with a mileage increase and it seems there is still a significant amount of other 6 year stock to wash through the pipeline yet. In January, the number of days LCV’s remained on site went up by 5 days. This was as expected as some Vendors held out stock over the festive period and earlier.
‘Conversion rate remained positive at 75%, despite older and higher mileage stock in market, and it was encouraging to see stock up to 3 years old and low mileage is still at a premium.’