New name for the Society of Motor Auctions

National Association of Motor Auctions (NAMA), which is part of the Retail Motor Industry Federation (RMI), is the new name for the Society of Motor Auctions, the trade body for the motor auction sector in the UK that represents vehicle auctioneers and remarketers nationwide.

As part of the new brand activity NAMA will publish a monthly market report on auction sales, values and conversion rates, which will be available to all RMI and NAMA members, as well as other interested parties in the motor trades, the vehicle manufacturing sector, the press and media.

NAMA will also focus on promoting recruitment into the remarketing industry, and providing a platform to speak on industry issues.

The Association will continue to represent members to Government, other trade bodies and external organisations and liaise with Trading Standards authorities, Citizens Advice Bureaux and other regulatory bodies. It will operate the Code of Practice and Customer Charter that ensure the highest operating standards are maintained in the industry.