Tesla Model Y tops Dealer Auction charts
The Tesla Model Y has become the first electric model to be included in Dealer Auction’s Retail Margin Monitor.
It entered the April charts for models retailing over £10,000, achieving an average profit margin of £4,400.
This continues a growing trend towards electrification with more hybrids moving up the profit charts in recent months.
Meanwhile, the sub-£10,000 chart was headed by the Mazda CX-5, which also had the fastest average days to sell (23), while Land Rover topped the brand charts, ahead of Mercedes-Benz and BMW.
Commercial weight
Dealer Auction marketplace director Kieran TeeBoon said: “Electrified models are beginning to prove their commercial weight, no doubt boosted by demand caused by Iran conflict and the resulting fuel rises.
“Tesla has always been a strong performer in our alternative-fuel-focused publication, the EV Performance Report (EVPR), but the Model Y’s performance amongst all fuel types suggests the EV conversation is changing from when to how high.
“Of course, the over-£10,000 top 10 is more premium-focused, but I think we’ll see EVs crack the sub-£10,000 chart in the not-too-distant future.”
