Premium brand SUVs led the fastest selling used cars in March.
According to eBay Motors Group this was a result if buyers, cooped up in lockdown, turning their attention to aspirational purchases.
According to it’s Market View, Volkswagen’s Touareg was the fastest selling model in March, taking an average of just 29 days to sell on Motors.co.uk.
Also among the top 10 fastest sellers were the Mercedes-Benz GLC and GLE, BMW X4, Audi Q7 and Land Rover Discovery Sport.
Average days to sell dropped 8% in March to 45.6 days from 49.5 days in both February and January. Franchised dealers led the way with cars averaging 44.6 days in stock, a month-on-month decrease of 9%.
Supermarkets dropped 5.1% to 50.1 days, while independents remained on a par with February at 48.1 days.
The fastest selling used cars were recorded in Scotland, with dealers averaging just 33 days to sell.
“With the UK in lockdown throughout March, the used car market continued to show remarkable resilience with dealers achieving their fastest stock turns so far this year on the back of high levels of online consumer activity,” said Dermot Kelleher, head of marketing and research at eBay Motors Group.
“For some buyers the long months of lockdown, missed holidays and unexpected financial savings, have prompted aspirational purchases of premium brand SUVs.
“Overall, our March analysis reflects a strong desire among buyers to research and complete purchases as the UK prepares to move out of lockdown.”
Average prices dipped 0.8% for the top 50 cars by make and model, from £12,784 to £12,684.
Supermarkets bucked the trend with an average rise of 1.2% to £12,224, while franchised and independent dealers saw marginal drops of 0.3% and 0.1% respectively.
“With lockdown restrictions now being eased and buyers able to return to dealer forecourts in April, we’re encouraged by just how strong online activity and enquiries have performed throughout Q1, suggesting a positive start for dealers once they’re able to engage with customers face to face,” said Kelleher.