Used car market remains robust in October
Older models drove resilience in the used car market in October, according to Dealer Auction’s latest Retail Margin Monitor.
Setting the pace, Vauxhall secured two of the top 10 positions in the sub-£10,000 retail margin rankings with the Mokka X retaining the top spot for the third consecutive month with an average retail margin of £2,450 and the Vauxhall ADAM ranked eighth with a retail margin of £2,140.
Meanwhile, the Ford Kuga rose from fourth to second place with a retail margin of £2,377 and the Peugeot 2008 ranked fifth (£2,244).
The data also revealed the continued popularity of older vehicles, with the average age of the top 10 profit-makers retailing under £10,000 reaching 10 years old.
For models retailing above £10,000, the Volvo XC90 was top with an average margin of £5,650, while two Land Rover models, the Discovery Sport and Range Rover Sport, took second and third spots (£4,550 and £4,125 respectively).
Older models
Dealer Auction marketplace director, Kieran TeeBoon said: “It’s fascinating to see that while newer cars remain desirable, older models are increasingly driving market performance. When you add in consistent success for models like the Vauxhall Mokka X, Ford Kuga and the Peugeot 2008, it all shows the versatility and balance in today’s used car market.”
He concluded:
“While October reflected consistency across popular models, we also saw notable shifts in vehicle age trends and spikes in demand. It will be interesting to see how the used car market continues to balance age, value for money and sales performance in the coming months.”
