Tag Archives: NAMA

Acknowledging Wilsons Auctions contributions to the industry, the National Association of Motor Auctions (NAMA) presented its first Hall of Fame Award to the auction company’s director Ian Wilson. The commendation took place during the NAMA Executive Meeting on July 9 at the Wilsons Auctions venue in Newcastle Upon Tyne. Wilson said: “I was completely taken by surprise today with this ...

The National Association of Motor Auctions (NAMA) has launched a new grading standard for used LCVs. The scheme will be pioneered by Manheim Auction Services (MAS) across its auction locations and to its customers starting from 1 July 2024. The NAMA grading scheme for cars has been in place since 2013 and was recognised in April 2023 with the King’s ...

The National Association of Motor Auctions (NAMA) has appointed Liam Quegan as its new chairman, succeeding Andrew Walker, CEO of the Fleet Auction Group. Currently, Quegan is managing director of Cox Automotive UK’s wholesale group. “We are thrilled to welcome Liam Quegan as our new Chairman,” said Paul Hill, NAMA spokesperson. “Liam brings a wealth of experience in the automotive ...

The National Association of Motor Auctions (NAMA) has revealed the strength and stability across various segments of the market. Overall, pricing and demand are considered healthy with sectors such as the wholesale car sector proving to be stable and retail sale values showing an increase when compared with February despite a lag between retail and trade prices. Paul Hill, NAMA ...

Some manufacturers are flooding the market with new and nearly new Electric Vehicles. That’s the view of the National Association of Motor Auctions (NAMA) which said that the overall performance of BEVs remained consistent with previous months. It did not name particular brands. It said generally the car market is seeing prices fall. Electric Vehicles (EVs) are showing resilience, with ...

The National Association of Motor Auctions (NAMA) has announced that its used vehicle condition grading scheme has received the King’s Award for Enterprise. In 2013 NAMA launched its used vehicle grading in the UK which aimed to provide a standard for vehicle condition for dealers to buy cars unseen. It was designed to facilitate the buying and selling process of ...

Values of electric vehicles in the wholesale sector fell 4.3% in March compared to February, according to the National Association of Motor Auctions (NAMA). Month-on-month, sales of BEVs have fallen 9%. According to NAMA, the overall market is strong with increased supply of cars. “Supply line is improving, with reports of circa 10% increase year-on year, however this is not ...

Although volumes remain steady, there is still a noticeable shortage of supply in the auction market according to NAMA. But, the overall view from members is that the market has had a stronger start to 2023 in comparison to 2022. NAMA reports that cars in the £15-25k price range continue to see good values; £5-15k bracket is performing very well ...

Battery Electric Vehicles (BEVs) are the weakest sector for trading in the wholesale used car market. That’s the view of the National Association of Motor Auctions (NAMA) commenting on the market in November. While the overall market was in a ‘good position’ it highlighted BEVs and poor condition and high mileage cars as weak areas. “Battery Electric Vehicles (BEVs) are ...

Members of the National Association of Motor Auctions (NAMA) are reporting a stable market for used cars as it moves into the final quarter of 2022. The body, which sells 95% of all cars in the wholesale sector, said demand in the wholesale sector had fallen slightly but in line with expectation. “As a whole, however, there are enough buyers ...