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Welcome 19 MAY 2014.

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Presentation on theme: "Welcome 19 MAY 2014."— Presentation transcript:

1 Welcome 19 MAY 2014

2 National Association of Motor Auctions (NAMA)
NAMA represents physical auction companies across the UK 75 member sites 1.5 million vehicles auctioned annually – 85% by NAMA members NAMA is an association within Retail Motor Industry Federation Founded as Society of Motor Auctions in 1969 Organisational change and re-brand 2011

3 NAMA Members Broad range of members NAMA Executive
Large Groups e.g. BCA, Manheim, Aston Barclay, SMA, and Wilsons Independent Auctions – e.g. Shoreham, Bawtry and East Anglia NAMA Executive

4 Vehicle Auctions Each year 1.5 million vehicles auctioned
1 in 5 used vehicles sold at auction Value of vehicle sold at auctions - £7.6 billion 75% of returned fleet stock goes through auction Retail dealers dispose of 750,000 vehicles through auction Manufacturer Programmes

5 Vehicle Auctions

6 Vehicle Auctions

7

8 Auction Products and Services
Physical Auctions with on line bid facility On-line Auctions Transportation Inspection Services Grading Vehicle Reconditioning and Preparation Market Analysis and Reporting

9 What NAMA does

10 NAMA Aims To set and maintain clear best practice standards
Two sets of customers with opposing aims! Provide arbitration service Provide a focus for industry operational excellence Brings members together for continuous improvement Proactively engages in key industry issues on behalf of members and customers Offers expert advice and guidance to the industry On-line sales at 25%

11 Grading Until 2012 no single industry standard
NAMA have defined the standard Designed to facilitate auction buying and selling process Gives customers a better understanding of the vehicle condition Gives consistency across the industry All underpinned by NAMA standards for inspection and training.

12 NAMA Grading Grades are Automated Objective Inspection standards
NAMA Training program Software

13 Vehicle Auctions

14 Vehicle Auctions Each year 1.5 million vehicles auctioned
Value of vehicle sold at auctions - £7.6 billion 75% of returned fleet stock goes through auction Retail dealers dispose of 750,000 vehicles through auction A true market akin to the stock market

15 NAMA Data Report Launched in 2011
Independent of members’ own market reports Developed to give a broad independent analysis of the UK auction market Report is aimed at auction vendors and buyers such as fleets companies and dealers Report looks at auction prices, conversion rates, age and mileage of vehicles split by sectors Market report not a member performance report! Report is collated and produced by Glass

16 Contacts Louise Wallis – Head of NAMA
Rupal Rural – Communications Officer


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