“The market has started the year on a more positive footing than many expected,” said Paul Hill, spokesperson for the National Association of Motor Auctions (NAMA).
Market Overview
After a slow first week, the market has gathered momentum week by week in January. While overall volumes remain slightly behind the same period in 2024, performance is comfortably ahead of pre-COVID levels. As January has progressed, confidence has improved.
Electric Vehicles (EV)
Demand for EVs remains strong, with well-presented stock selling quickly. Buyer appetite continues to grow as confidence in EVs improves. EVs are currently among the fastest-moving segments of the market.
Light Commercial Vehicles (LCV)
The LCV market experienced a quieter start, like December trading patterns, partly influenced by the Christmas period. However, stability has returned, with more buyers re-entering the market each week. Stock levels have improved and attractive deals on new vehicles have supported steady demand.
Paul Hill added: “Across cars, LCVs and EVs, the market is proving resilient. It is not without its challenges, but demand is improving and week by week confidence is building. We are seeing a strong start to the year, and the general feeling is that people are not struggling to sell.”