The wholesale vehicle market has recorded an “extremely positive” first quarter of 2025, according to a report by the National Association of Motor Auctions (NAMA).
NAMA spokesperson Paul Hill said: “For the month of March so far, demand has been outweighing supply with general shortages of stock.”
The report highlighted that the overall light commercial vehicle (LCV) market remained stable for the period. However, the chassis cab van segment is experiencing significant volatility.
Meanwhile, the electric vehicle (EV) van sector reported an increase in the volume of products entering the market.
The used 4×4 market has shown signs of slowing down, which NAMA attributed to expected changes in Benefit-in-Kind tax treatment for double cab pick-up trucks set to take effect next month.
March brought strong performance across the car market, with key metrics supporting a continued positive outlook. NAMA also reports that retail search activity increased by 3% compared to the same period in 2024
Demand continued to surpass supply, with NAMA members reporting a general shortage of available stock.
Conversion rates across the market remained solid. For this period, EVs over two years old are offered good value while newer EVs, particularly those under 18 months old, face more challenges in the wholesale environment.
Hill added: “It’s noteworthy that EVs over two years old are proving to be good value, which will support the overall vehicle fleet during the transition to electric.
“It is really great to hear that everything is still in a positive place, and it will be interesting to see the market in the second half of April and going into May, with Easter around the corner.”
