Dealers are seeing a shortage of stock in the wholesale market with demand exceeding supply, according to the National Association of Motor Auctions (NAMA).
“Overall, Q1 2025 has been extremely positive, for the month of March so far demand has been outweighing supply with general shortages of stock” said NSMA spokesperson Paul Hill.
NAMA said conversion rates remained strong, with EVs over two years old offering good value but in contrast, EVs under 18 months are facing more challenges.
In general, it has been a very positive quarter for the wholesale market, and with Easter approaching next month, NAMA members are eager to see if this will impact the market.
Paul Hill concluded “Conversion rates remain strong, and 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.
“The general LCV market remains stable but as expected, chassis cab vans are seeing volatility and the used 4×4 market is seeing a slowdown, with Benefit-in-Kind tax changes next month.
“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.”