The National Association of Motor Auctions (NAMA) reported a seasonal easing in the wholesale used car market in November although it said it remained resilient.
“While there has been a slight seasonal easing, the market remains resilient, and members are reporting positive outcomes across cars, LCVs, and electric vehicles,” said NAMA spokesperson Paul Hill.
NAMA said buyers were more selective than earlier in the year, reflecting typical year-end dynamics, but conversion rates continue to hold up well.
Auction attendance remains strong, with competitive bidding for retail-ready vehicles.
Average values have eased slightly across different age bands: three-year/60,000-mile cars –1.6%, one-year/10,000-mile cars –1.5%, and five-year/80,000-mile cars –1.6%.
It said in the retail market sub-£20,000 electric vehicles continue to perform particularly well, supported by improved charging infrastructure and perceived value.
“EVs have declined slightly by 0.8% in values but remain the best-performing fuel type year-to-date.
“Members highlight that some late-plate and pre-registered stock may affect used car values in specific segments, though overall retail sentiment remains healthy.
“Electric vehicles are performing strongly, particularly three- to five-year-old models. While younger EVs under 12 months are affected by pre-registration and new car incentives, they continue to sell very well in the sub-£20,000 segment.
“Members report that EVs are still capturing strong consumer interest, with fast turnaround on well-priced vehicles and continued positive demand trends.
“Members expect that core three- to five-year-old retail stock will remain strong into 2026. Overall, the year has been relatively strong, and members remain confident in the resilience of the market.,” it said.
