Volumes saw a 2.3% decrease, however were up almost 21% on this time last year, and the average mileage of LCVs was up 4.2% to 81,155.
Price Changes by age
|
|
Jul-15 |
Aug-15 |
Sep-15 |
Oct-15 |
| < 2 Years |
£11,355 |
£11,620 |
£11,475 |
£11,530 |
|
Previous month Diff |
3.2% |
2.3% |
-1.2% |
0.5% |
|
2-4 Years |
£6,415 |
£6,320 |
£6,380 |
£6,770 |
|
Previous month Diff |
-1.9% |
-1.5% |
0.9% |
6.1% |
| 4.1 – 6 Years |
£4,640 |
£4,365 |
£4,405 |
£4,510 |
|
Previous month Diff |
-2.7% |
-5.9% |
0.8% |
2.4% |
|
Over 6 Years |
£2,370 |
£2,415 |
£2,465 |
£2,640 |
|
Previous month Diff |
1.7% |
1.9% |
2.3% |
7.1% |
The average price achieved throughout October increased for the 6th consecutive month to £4910 which represents an increase of 1.4% over last month, however when compared to last year it sits 5.2% down.
Volume Changes by Age
|
|
Jul-15 |
Aug-15 |
Sep-15 |
Oct-15 |
|
< 2 Years |
573 |
471 |
422 |
529 |
|
Previous month Diff |
18.4% |
-16.8% |
-10.4% |
25.4% |
|
2-4 Years |
3,123 |
2,897 |
3,823 |
2,906 |
|
Previous month Diff |
4.6% |
-7.2% |
31.8% |
-24.0% |
| 4.1 – 6 Years |
3,032 |
2,514 |
2,853 |
3,192 |
|
Previous month Diff |
3.0% |
-17.1% |
13.1% |
11.9% |
|
Over 6 Years |
3,750 |
2,836 |
3,121 |
3,360 |
|
Previous month Diff |
-1.0%
|
-24.4%
|
9.5%
|
7.7%
|
NAMA found that the volume of typical fleet vehicles (2-4 years) that were sold in October returned to levels that we have become used to throughout 2015, falling by -24% from the highs of September. Although these volumes have reduced substantially, vehicles in all other age groups actually increased further in October with the net effect being an overall reduction in volumes of only -2.3%.
Speaking about the findings, Alex Wright, NAMA LCV chairman, commented: “October saw a 20% year-on-year increase in volume, and only a -5% reduction in value. Whilst first time conversion rates also retracted it was only by a relatively small amount to 77.4% which represents the third best month this year.
“At 13.3 – the average number of days on site in October is lowest seen all year indicating that the influx of freshly de-fleeted units seen in October were received favourably by the trade. There does however, continue to be a growing volume of units with high mileages and/or in poor condition remaining unsold at auction centres.
“Should there continue to be decent volumes of freshly defleeted units arriving in the coming weeks, vendors may find it an even greater challenge to dispose of problem units as we enter what is a traditionally a slow period for volume sales,” he added.