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The National Association of Motor Auctions has declared its ambition to represent the entire remarketing sector with its revised monthly report, in order to illustrate what is happening in the marketplace.
"A lot of large organisations backed by banks want to understand what is going on in the market month on month," said NAMA chairman Paul Hill.
"We want to be in a position where the data is used for the right reasons. We have no agenda - we're trying to share what is happening with the marketplace."
The monthly NAMA report, launched in 2011, has now been updated to include the percentage of original cost new figure for the monthly car sales among the 100,000 records from 85% of UK auction locations, as well as becoming the first remarketing report to introduce a seasonal adjustment to allow month-on-month comparison for both the car and light commercial vehicle reports.
The data comes from the auction giants BCA and Manheim daily and from independents either weekly or monthly.
The report is independently audited and pulled together by market analyst Glass's, something Hill believes is important for "transparency and independence, as well as their expertise in data".
Glass's chief car editor Rupert Pontin predicted that the used market will "see good strength" this year, with an increase in ex-lease cars coming at the end of the year to correlate with the increase in new vehicle registrations three or four years ago, although he declared a worry over the type of vehicles coming back, echoing BusinessCar's cover story in the previous issue (BusinessCar 20 May).
"We do have a concern over the number of vehicles not selling. What bothers me is the number of business edition vehicles - put them into a retail situation and they don't give a damn," said Pontin.
"One of the warning points I'd make, if you look at company car fleets over the last couple of years, there have been restrictions on colour and options," added Hill.
"I believe there will be more of a polarisation between well-specced three-year-old cars versus very basic ones in terms of colour and spec as there could be relatively few high-specced ones." Hill, though, did say it would be a "short-lived phenomenon".
NAMA also highlighted an issue with conversion rates, with fleet and lease vehicles suffering more than some other sector because venders will "tend to stick to the guide price even if the vehicle doesn't warrant it", according to Glass's director of values and analysis Richard Parkin.
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