The growing use of pre-registrations has yet to have any significant impact into auction values or volumes, according to the National Association of Motor Auctions (NAMA).
NAMA said self-generated franchise dealer activity has been able to absorb the growing number of nearly new vehicles. The association related this activity to manufacturers’ and dealers’ "ambitious" volume targets.
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NAMA said that the volume of nearly-new vehicles coming through its network in the year ending in August 2015 was broadly in line with the activity recorded in the previous year. It also found the average age of vehicles in the ‘new – 2.5 year’ category coming through its network increased slightly.
Paul Hill, NAMA’s chairman said: "It seems that for now franchised dealers have been able to absorb the increasing volumes of pre-registered stock that we understand are a growing feature of the market. With retail sales growth for new cars at a little over 3%, it seems likely that dealers are successfully retailing used stock through, potentially helped by the availability and price of finance. The demand from consumers is there and the value proposition of a pre-registered car with low rate finance is a compelling one."
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