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Nama reports buoyant first half for UK auctions

Sales of used cars were strong in the first half and the outlook looks positive for the third quarter.

That is the view of the National Association of Motor Auctions, which has published its monthly car auction data report today for June 2018.

The report shows that overall in June first time conversion rates increased by 2.5 percentage points to 77.5% from May to June. Conversion rates have been higher than the previous year for the last six consecutive months.

BCA Marketplace plc (LON:BCA), formerly Haversham Holdings plc, owns and operates the United Kingdom and Europe’s used-vehicle marketplace. The Company provides vehicle buying services, We Buy Any Car. Its segments include Vehicle Remarketing, Vehicle Buying and Other. The Company operates through three divisions: UK Vehicle Remarketing, International Vehicle Remarketing and Vehicle Buying.

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