The total number of bids on the Dealer Auction platform increased by 10,000.
The month delivered a healthy supply of fresh vehicles, strong sales volumes and a solid average sold price. The total retail value of vehicles sold remained solid at £49.7 million month-on-month.
Dealer Auction’s marketplace director, Kieran TeeBoon, said: “These latest results are a really positive sign for the used car market, showing strong buyer and seller activity, rising demand and continued confidence in used vehicle stock.
“The Retail Margin Monitor is a market indicator showing the potential spread between wholesale purchase price and retail market value across a volume of vehicles and the trends the platform sees, and it’s great to see the Qashqai and CX-5 making their mark.”
Land Rover models led the model charts. However, challengers such as the petrol Nissan Qashqai and diesel Mazda CX-5 emerged in the top five of the models retailing under £10,000.
The Qashqai hybrid variant broke into the top 10 over-£10,000 models while also recording the best days to sell in the chart.
For brands with models under £10,000, BMW returned to the top three, while MINI achieved its first top-three finish of the year.
Volvo secured its second consecutive month in the top three brands for models retailing over £10,000.
TeeBoon concluded: “It’s particularly positive to see strong performances from established favourites alongside emerging models. The hybrid Qashqai’s performance is also an interesting development, combining the strongest retail rating with the fastest days to sale in the over-£10k model rankings.
“Alongside MINI’s first top-three brand finish of the year, August demonstrates just how dynamic the used car market continues to be.
2With sales volumes and average sold prices also rising, it will be fascinating to see whether this momentum continues into the autumn.”
