Vehicle auction sector is feeling positive

The wholesale vehicle market is feeling optimistic as it moves into 2026 

“The market has started the year on a more positive footing than many expected,” said Paul Hill, spokesperson for the National Association of Motor Auctions (NAMA).

After a slow first week, the market has gathered momentum week by week in January. While overall volumes remain slightly behind the same period in 2024, performance is comfortably ahead of pre-COVID levels. “As January has progressed, confidence has improved,” said Hill.

Demand for electric vehicles remains strong, with well-presented stock selling quickly. Buyer appetite continues to grow as confidence in EVs improves. “EVs are currently among the fastest-moving segments of the market,” reports Hill.

The light commercial vehicle (LCV) market experienced a quieter start, like December trading patterns, partly influenced by the Christmas period. However, stability has returned, with more buyers re-entering the market each week. Stock levels have improved and attractive deals on new vehicles have supported steady demand.”

Hill added: “Across cars, LCVs and EVs, the market is proving resilient. It is not without its challenges, but demand is improving and week by week confidence is building. We are seeing a strong start to the year, and the general feeling is that people are not struggling to sell.”