The Jaguar F-Tempo has topped the record of most worthwhile used vehicles that sellers are shopping for in carwow on-line auctions, with a mean resale revenue margin of £4,721.

Evaluation of the promoting costs of vehicles bought in carwow auctions over a six month interval in contrast with their retail valuation signifies that eight of the highest 10 most worthwhile fashions have been premium-brand SUVs. 

Second within the rating is the Mercedes-Benz GLE, with a mean revenue of £4,600, adopted by the Vary Rover Sport (£4,588), and the Audi Q7 (£4,466). The one non-SUVs to make the highest 5 have been Volkswagen’s Golf R and the long-lasting Ford Mustang, with common potential margins of £4,443 and £4,205, respectively. Three extra JLR automobiles – the Velar, Discovery and Defender at £4,105, £4,092 and £3,731 respectively. Finishing the highest 10 is Audi’s Q5, with a mean revenue of £3,544.  

The evaluation was carried out as a part of carwow’s Q3 Insider, an industry-focused report which incorporates the newest analysis, opinion and information from the net automobile market.

“Regardless of latest enhancements in new automobile provide, sustained ranges of demand are maintaining the margins on many used vehicles at traditionally excessive ranges,” stated carwow’s UK managing director Sally Foote. “The potential revenue margin of those automobiles displays a section of the market the place client demand is basically sturdy.   

“We perceive our position in serving to sellers to maximise their revenue by offering prepared entry to high quality inventory, maintaining patrons’ charges decrease than the competitors, and never requiring a subscription. Lots of our vendor companions inform us that our auctions assist them purchase a profile of inventory not sometimes obtainable by different sources. With extra premium inventory being listed, it’s making an actual distinction to our vendor companions’ backside line. Alongside this, we’ve got made quite a few new product developments and in September we launched an promoting marketing campaign fronted by carwow’s chief content material officer Mat Watson to lift client consciousness of our ‘Promote My Automobile’ service.”  

Since switching to an public sale mannequin in November 2022, carwow stated it had elevated buyer engagement with its consumer-facing Promote My Automobile proposition, reaching 30% extra sign-ups to promote used vehicles through the first half of 2023 than within the earlier six months. Stringent add standards embrace injury reporting and repair historical past info to make sure sellers can safe inventory that’s retail-ready.