Three Land Rover fashions took the highest three locations for used automobile retail margin in March, in line with information analysed by Vendor Public sale’s Retail Margin Monitor.
Most worthwhile was the Land Rover Discovery 4, with a median retail margin of £4,200, which is the very best common revenue margin that Vendor Public sale has recorded to this point in 2922.
It was adopted by the Vary Rover Sport at £4,000 and the Vary Rover Evoque at £3,600.
Though Jaguar fashions did not function within the high 10, the British model ranked second behind Land Rover within the high 10 manufacturers by retail margin evaluation, with a £2,950 common.
Vendor Public sale’s gross sales and advertising director Sarah Marley mentioned: “The info emphatically exhibits that preowned ‘Landies’ are those to observe for sellers searching for out alternatives for additional revenue.
“Regardless of the present pressures on shoppers’ pockets, the revenue efficiency of those premium autos point out that consumers are removed from postpone. ”
Used premium marques normally attracted the largest retail margins for March – making up seven of the overall high 10 fashions and 7 of the highest 10 manufacturers. Land Rover was the highest performing model with a median retail margin of £3,500, with Jeep additionally performing properly – displaying preowned SUVs proceed to be massive earner for sellers, as drivers search sensible lifestyle-inspired autos.
Richard Walker, information and insights director at Auto Dealer, which collectively owns Vendor Public sale with Cox Automotive, added: “Once more, the RMM presents a captivating have a look at the numerous alternatives accessible available in the market. Though there are indicators the distinctive ranges of demand we noticed in 2021 are softening barely, client urge for food for brand spanking new and used vehicles stays comfortably above pre-pandemic ranges.
“And regardless of the potential financial headwinds, our analysis exhibits client confidence amongst automobile consumers is strong.
“Mixed with the continuing provide constraints, these market dynamics will guarantee used automobile costs stay robust for the foreseeable future, and in flip, proceed to supply optimistic commerce margins.”
Recent news that fleets are keeping their vehicles for longer, impacting on supply of used stock for dealers, is prone to maintain margins robust for a while as client demand outstrips provide.