Lexus was the used automobile model that delivered most to automobile sellers in March, forward of Subaru and Land Rover, in line with knowledge from commerce gross sales market Seller Public sale.

Its Retail Margin Monitor discovered the common automobile vendor revenue in a Lexus was £3,350, nearly £1,000 greater than its premium rivals BMW and Mercedes-Benz.

Seller Public sale’s prime 10 manufacturers by retail margin was dominated by premium and near-premium marques, nonetheless Subaru, MG and Mitsubishi additionally featured within the desk.

The corporate stated Lexus’s rise to the highest “represents essentially the most important shift”. 

Its market director Kieran TeeBoon stated “Traditionally, Land Rover has dominated the roost, solely as soon as earlier than being knocked off the highest spot by JLR stablemate, Jaguar. So Lexus and Subaru taking the highest two spots could be very attention-grabbing.

“Although it is price noting that Subaru’s well-documented provide points may very well be taking part in a component in driving costs up, and the heavy snowstorm at first of the month might effectively have contributed because the marque is a well-liked inexpensive all-weather automobile. 

“Whereas the persisting presence of luxurious automobiles within the desk can’t be ignored, the efficiency of MG and DS Cars reveals that by tapping into totally different income streams, sellers can outpace the market – and money in.”

No Lexus automobile options within the prime 10 fashions by retail margin, nonetheless. This desk is led by Land Rover, whose Discovery 4, Discovery Sport and Vary Rover Evoque all supplied greater than £3,000 margin.

“Amid the present suppressed provide of used automobiles, sellers shouldn’t be compromising on their stock-buying methods,” added TeeBoon. 

“Performing on the obtainable knowledge insights will give them the boldness to leverage revenue alternatives from each the persistently high-ranking merchandise and the seasonally well-liked fashions, such because the S-Max and Grand C4 Picasso – offering distinctive alternatives for revenue.”

At Auto Dealer, which co-owns Seller Public sale with Cox Automotive, its director of insights Richard Walker stated: that in opposition to a backdrop of political and financial uncertainty, used automobile costs remained robust in Q1 and the profitability of the fashions highlighted within the Retail Margin Monitor confirms this. 

“Regardless of the energy of the used automobile market nonetheless, retailers missed out on almost £25.5 million in potential revenue in March by pricing their inventory under their true market worth with every retailer leaving a median of £3,300 in potential earnings on the desk because of this,” Walker added.