“Across all age and weight categories, except in the 6+ range, our analysis reveals a marked change in mileage levels. While average age in each category remains broadly static, the stock now coming to auction is doing so with distinctly lower mileage levels. Against an improving economic backdrop, it seems likely that drivers do not need to travel so far in search of work,” observes Louise Wallis from NAMA.
LCV mileage trends at auction July ‘15 to July ‘14 – across all weight bands up to 3.5 tonnes.
|
LCV Age Category |
YoY Mileage Variation +/- mileage at auction |
|
<2 |
(1,777) |
|
2 – 4 |
(4,905) |
|
4 – 6 |
(20,131) |
|
6+ |
4,326 |
|
Total |
(22,487) |
In a steady-state market, it might be expected that this downward shift in mileage would have a positive impact upon values and conversion. According to NAMA, this has not been the case; an increase in volumes coming to auction of 16% saw both values and conversions fall back in July. NAMA observes that for fleets and dealers this trend indicates that the end user may be more confident about finances.