The National Association of Motor Auctions (NAMA) reported a strong used wholesale market in September.
“NAMA members have seen another strong month, with conversion rates at year-to-date highs and robust bidding across all sectors,” said NAMA spokesman Paul Hill.
“Members are reporting strong values for vehicles -all makes, models, derivatives and mileages – reflecting both market demand and the resilience of the UK wholesale auction sector.”
EV volumes were up 20% compared with September 2024. It said three-to-five-year-old EVs continue to turn fastest, while sub-one-year-old models face ongoing price pressure due to new car discounts and government grants.
EVs in the £5,000–£15,000 bracket show the strongest performance, with values edging up 0.4–0.5%.
LCVs were a standout sector. Members reported very high conversion rates, with some auction weeks showing van conversion rates around 88%, and average selling prices for vans rising.
More electric vans are coming to market, and consumer interest is rising, though they are currently taking longer to sell (around 52 days versus 42 for diesel).
“September is usually when we start to see the market soften, but this year the wholesale sector has held up remarkably well.
“High conversion rates, strong buyer attendance and stable pricing all point to a positive outlook as we move into the final quarter of 2025.”
