The Jaguar F-Tempo has topped the listing 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 had 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 had 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 autos – 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 knowledge from the web automobile market.

“Regardless of current enhancements in new automobile provide, sustained ranges of demand are protecting the margins on many used vehicles at traditionally excessive ranges,” stated carwow’s UK managing director Sally Foote. “The potential revenue margin of those autos displays a section of the market the place shopper demand is actually robust.   

“We perceive our function in serving to sellers to maximise their revenue by offering prepared entry to high quality inventory, protecting consumers’ charges decrease than the competitors, and never requiring a subscription. Lots of our seller companions inform us that our auctions assist them purchase a profile of inventory not sometimes obtainable by means of different sources. With extra premium inventory being listed, it’s making an actual distinction to our seller companions’ backside line. Alongside this, we have now 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 shopper 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, attaining 30% extra sign-ups to promote used vehicles in the course of the first half of 2023 than within the earlier six months. Stringent add standards embody harm reporting and repair historical past info to make sure sellers can safe inventory that’s retail-ready.