Society of Motor Auctions to rebrand as National Association of Motor Auctions
The rebranding is intended to refocus and develop the association to reflect the modern motor auction sector, and at the same time promote the association and its members to the wider motor industry in the UK.
NAMA is also launching a new market data survey to enable it to make authoritative and independent market commentary as well as to engage with a wide motor industry audience.
The survey has been produced using current data from auction members and will include the following data:
• Auction prices split by age of vehicle, sector and customer type
• Conversation rates split by age of vehicle and customer type
• Average mileage data
• Number of entries per vehicle
This report will be published on a monthly basis.