Scottish Used Car Market Gaining Momentum

Successive record sales performances at SMA Vehicle Remarketing's Kinross and Edinburgh auction centres at the start of September, following on from similar performances through August point to the used market across Scotland gaining real momentum. This is the conclusion of SMA's Managing Director Bob Anderson.

In terms of volume unit sales and conversion levels SMA's Kinross Centre recorded its best ever performance at a single auction in its long history on September 4th. Alongside this, the business' Edinburgh operation delivered yet another 100% conversion result on ex-Motability scheme vehicles at it's latest Fleet Sale a day later. These performances reflect a sustained trend right across the organisation's Scottish operation achieved over the last two months.

"September does create a natural spike in used volumes, but in parallel with this what we are actually seeing is very significant demand for this stock. Certainly, our Scottish centres have been very successful in business development with vendors and buyers and I'm very proud of their efforts to expand the quality and quantity of relationships we now have, but without real buyer demand these sustained results would not have been achieved.

"The pipeline of stock coming into our Scottish centres is continuing to look very encouraging and I am optimistic that we will see new records achieved as the month progresses." Noted Anderson

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Our grading system is changing

NAMA grading has been developed to provide a long awaited industry standard grading scheme to be used across all auctions within the UK.

We have now introduced NAMA grading across our sites, and over the coming weeks you will notice more vehicles being offered for sale displaying a NAMA grade. These grades are easy to identify as they are 1,2,3,4,5 and U in place of the SMA grades A,B,C,D and E.

Please make sure you have familiarised yourself with the grades. We will still produce condition reports providing additional information for each vehicle as we always have.