Premium used cars most in demand in July, reveals Aston Barclay
Premium SUVs and sports cars are the most in-demand vehicles among used car buyers in July.
Data revealed from Aston Barclay shows that so far this month, 19 out of the top 25 spots for models were taken up by BMW, Mercedes-Benz, Volvo, Jaguar, Range Rover and Lexus.
The BMW 7 Series and M4 tied for first place, with the Mercedes S-Class and Range Rover Velar close behind.
Conversely, it’s been the first month where no full electric cars have made the top 25. Previously Tesla had made the June list, while the Lexus NX was the only hybrid on the list.
The Aston Barclay Desirability Index data takes into consideration three key metrics: web views prior to sale, number of physical and online bids per sale, and the sale price achieved as a percentage of CAP average.
The Fiat 500C, the Suzuki Jimny and the Skoda Yeti reflects the high demand at the lower price end of the market for cars that are in short supply.
Aston Barclay said the data shows how the new car supply challenges caused by the semiconductor shortage have inflateda used car demand.
Martin Potter, managing director – customer, said: “Our latest index highlights the current demand for premium vehicles. At this end of the market consumers do not want to wait long periods for a new car to arrive so they have switched their attention to the used market to source their next car. This has meant many dealers are competing for the same make and model of car which continues to push up prices.”