Car buyers flock to online auctions
Car buyers are turning to online auctions as demand continues to rise.
The National Association of Motor Auctions (NAMA) found that while the majority of auction houses are not yet opening their auction halls to buyers, they continue to be very busy with online sales.
Used vehicles are in particular demand from consumers post-lockdown as many look for an alternative to public transport whilst others have delayed purchases from earlier in the year.
Volumes of vehicles coming to auction are expected to remain at current levels, though it is likely that volume will start to increase towards the plate change month of September.
Louise Wallis, head of NAMA said: “Demand for stock at auctions is currently very strong, which is helping to keep up hammer prices. Conversion rates have been robust, and this is likely to continue for good quality desirable vehicles even as supply increases.”
