“February has seen steady trading conditions, with good levels of activity and strong demand for the right stock,” said Paul Hill, spokesperson for the National Association of Motor Auctions (NAMA).
Market Overview
February trading remained broadly stable, supported by resilient retail demand and improving conversion rates. Some members reported that supply and demand remain finely balanced, with market health marginally positive. While average asking prices were just over 1% lower year-on-year, month-on-month values increased by around 0.2%, indicating signs of stabilisation.
Members continue to report that well-presented vehicles with sensible mileage and strong history are attracting competitive bidding.
Electric Vehicles (EVs)
EV volumes remained high during February, reflecting increased fleet and pre-registered supply. Some members reported value movements of around –1.7%, largely driven by higher volumes. Despite this, conversion rates remain strong, with many reporting 70–80% sales rates.
EVs continue to be among the fastest-selling segments, particularly in the three- to ten-year-old category, supported by growing confidence in value and reliability.
Light Commercial Vehicles (LCVs)
LCV performance was mixed, with some members noting softer conditions due to increased volumes of similar stock. However, good-quality vans and pick-ups continue to perform well, with strong demand and stable pricing.
Paul Hill concluded: “Overall, February reflects a strong market. While we have seen increased volumes, particularly in EVs, demand remains healthy and well-presented stock continues to sell strongly. Members remain confident as we move towards the spring trading period.”