Used Land Rover and Jeep fashions delivered the largest margins for sellers in November, in keeping with Seller Public sale.
The corporate’s month-to-month Retail Margin Monitor positioned the Land Rover Discovery Sport within the primary spot with a median retail margin of £3,790, adopted by the Land Rover Vary Rover Evoque at £3,270.
On common, Land Rover fashions delivered a margin of £3,320, whereas Jeeps achieved £3,260.
Subaru re-entered the desk in November after dropping out in October and has jumped straight to the quantity three spot with a median retail margin of £2,900. This means that sellers are stocking up on SUVs and crossovers.
Wanting on the high 10 fashions, the Volvo XC60 carried out effectively, whereas top-ranking fashions from earlier months, just like the Hyundai Santa Fe, are additionally providing excessive margins as soon as once more.
The Audi A6 Avant has entered the highest 10 fashions desk for the primary time, with a median retail margin of £2,610. With the looks of the Audi A5 in final month’s knowledge, Audi fashions are proving to be a preferred alternative with sellers this winter.
Seller Public sale’s market director, Kieran TeeBoon, stated: “This month’s knowledge is exhibiting excessive revenue margins from SUVs, together with well-liked Land Rover fashions that we regularly see within the high 10 tables. However the November knowledge additionally serves as a reminder to anticipate the surprising, with a brand-new Audi rating in as a high mannequin by retail margin.”
With retailers working in an more and more difficult used automotive atmosphere the place inventory is briefly provide and costs are frequently adjusting, it has become even more imperative to price used vehicles correctly to each maximise margins and keep inventory flip.
The answer is rooted firmly within the digital sphere with most retailers now counting on an array of each retail and commerce pricing instruments with conventional ‘commerce plus’ and even ‘pricing again’ far too simplistic to be relied upon on their very own.
Auto Trader expects used car values to rise in early 2023 after remaining flat within the historically weak festive buying and selling interval.
