Used automobile sellers continued to keep away from stocking increased worth premium used vehicles in Could to assist protect their cashflow, in accordance with Aston Barclay.

As a substitute, they selected to bid on and purchase excessive worth used vehicles at public sale to fulfill buyer orders to supply an instantaneous revenue margin whereas defending cashflow.

Sixteen out of the highest 20 used vehicles in Aston Barclay’s Could desirability index have been excessive worth premium fashions led by the Vary Rover Velar. This included the Audi Q7 and A7, Mercedes GLC and GLE and Vary Rover.

Nick Thompson, Aston Barclay director of gross sales, stated: “Relying on age and mileage these premium vehicles, notably the 4x4s and SUVs, can value greater than £50,000 which is why sellers are typically counting on auctions every time they’ve a buyer order.

“That makes sound enterprise sense, particularly now many used vehicles are twice as costly as they have been pre-Covid.

“The hike in costs means some sellers are stocking fewer used vehicles which has meant focussing extra consideration on velocity of sale to make sure their forecourts retain wholesome gross sales and profitability.”

Solely 4 used vehicles on the listing have been on the worth finish of the market with the Renault Zoe in second place, the Hyundai Kona in thirteenth, the Mazda MX5 in sixteenth and the Toyota Prius in nineteenth.

There have been two separate causes for these particular vehicles being within the high 20 in accordance with Thompson.

Thompson added: “The Zoe, Kona and Prius are all established decrease worth electrical and hybrid fashions which sellers are ready to inventory forward of costlier hybrids and EVs. Our first few days of solar have additionally helped enhance curiosity within the Mazda MX5 convertible.

“Sellers will inventory decrease worth used vehicles till such time as used volumes enhance and costs for big premium vehicles begin to fall.”

Aston Barclay’s month-to-month index takes into consideration three key metrics: internet views previous to sale, variety of bodily and on-line sale bids, and sale value achieved as a proportion of CAP common.

Aston Barclay’s Could desirability index