Aston Barclay has revealed its latest Used Car Desirability Index for July, which highlights premium SUVs and used sports cars are the most in-demand stock across both its physical and online auction channels.
Its data takes into consideration three key metrics: web views prior to sale, the number of physical and online bids per sale, and the sale price achieved as a percentage of CAP average.
The BMW 7-series and BMW M4 tied for first place with the Mercedes S-Class and Range Rover Velar close behind. This is 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.
In July, 19 out of the top 25 places were taken up by BMW, Mercedes-Benz, Volvo, Jaguar, Range Rover, and Lexus. Higher-end SUVs and sports cars are most sought after, as the new car supply challenges caused by the semiconductor shortage have increased used car demand.
The Fiat 500C, the Suzuki Jimny, and the Skoda Yeti reflect the high demand at the lower price end of the market for cars that are in short supply.
Martin Potter, Aston Barclay’s 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,” he added.