Used car sales volumes remain healthy
Used car sales volumes of used cars on the Dealer Auction platform remained strong in August with total retail value reported at £49.7m.
Meanwhile, the number of bids received across the month rose by more than 10,000.
In terms of brands, Land Rover models registered average retail margins of £3,900, followed by BMW (£2,850), MINI (£2,750), and Audi (£2,725).
Land Rover also topped the model charts, with the Discovery Sport achieving average margins of £4,275 and the Range Rover Evoque £4,225. The Mazda CX-5 (£3,200), Nissan Qashqai (£2,850), and BMW 3 Series (£2,800) completing the top five.
Dealer Auction marketplace director Kieran TeeBoon said: “These latest results are a really positive sign for the used car market, showing strong buyer and seller activity, rising demand and continued confidence in used vehicle stock. The Retail Margin Monitor is a market indicator showing the potential spread between wholesale purchase price and retail market value across a volume of vehicles and the trends the platform sees, and it’s great to see the Qashqai and CX-5 making their mark.”
“These movers and shakers are a clear indication that the market remains resilient, with dealers continuing to show a strong appetite for quality stock and confidence in the months ahead.”
TeeBoon concluded: “August demonstrates just how dynamic the used car market continues to be. With sales volumes and average sold prices also rising, it will be fascinating to see whether this momentum continues into the autumn.”
