Around 1.5 million vehicles have been sold through the National Association of Motor Auctions (NAMA) grading scheme since its launch two years ago.
The scheme, which consists of five grades, has been introduced by NAMA members, and is designed to facilitate the buying and selling process of a new car by giving both parties a better understanding of the vehicle condition.
The grades are determined on a points system allocated by type and severity of damage which are assessed by specially trained inspectors at each auction. There is also an unclassified grade for vehicles that are badly accident damaged or require high levels of repair.
Louise Wallis, head of NAMA said: “NAMA grading has become hugely important in the sales process of vehicles at auction.
“It is encouraging to see that such a significant number of vehicles have been sold as a result of the scheme, and we hope that more auction houses will adopt this method going forward."
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