Land Rover tops retail margins charts in June
Land Rover topped the charts in Dealer Auction’s Retail Margin Monitor for June.
The Discovery Sport claimed first place in the sub-£10,000 category and finished second behind the Range Rover Sport in the over-£10,000 category.
The Discovery Sport’s performance also marked the second consecutive month of record retail margins in the sub-£10,000 chart, with the average retail margin of £4,000 the highest recorded since Dealer Auction introduced separate rankings for vehicles retailing above and below £10,000.
Across the whole platform, retail values reached a new monthly high of £53.7m, underling the strength of the UK used car market.
Momentum
Dealer Auction marketplace director Kieran TeeBoon said: “As we reach the halfway point of the year, it’s fantastic to see the momentum of the used car market, with record retail margins and growth across the board. It provides a strong foundation for the second half of the year, and it’ll be fascinating to see whether this positivity continues.”
He concluded: “To reach the halfway stage of the year with margins at record levels is hugely encouraging. It’s equally positive to see greater diversity in the vehicles achieving the strongest returns, particularly with more electrified models entering the charts.
“As demand continues to grow, it’ll be interesting to see whether even more dealers turn to hybrid and electric vehicles to maximise profitability, and how their sourcing strategies evolve in response.”
