Used car sellers have seen their profits soar since the onset of Covid-19 as supply chain issues have pushed up vehicle prices.
Dealers have taken advantage of the shortages by raising prices and making record profits.
Car dealers currently make an average of £1,500 in profit on every second-hand vehicle they sell.
However, new data shows that certain models of used dealerships bring in much more money than others.
Land Rover has now returned to its position as the top money maker for used vehicle sellers, new analysis from Dealer Auction shows.
(Stock Image) Car dealerships have seen profits soar since Covid-19 as supply chain issues have led to vehicle shortages
The British automaker was briefly taken over by Toyota-owned Japanese automaker Lexus.
Land Rover cars earned dealers an average of £3,290 in April, topping the chart in terms of profitability.
The cars of the British company, which were driven by Queen Elizabeth II, were followed in the ranking by those of the German company BMW.
BMW’s cars made used car sellers an average of £2,760 each, the analysis shows.
(Stock Image) Land Rover topped the list of most profitable for dealers
| Car brand | Average profit per sale |
|---|---|
| land rover | £3,290 |
| BMW | £2,760 |
| Mercedes-Benz | £2,670 |
| Audi | £2,430 |
| Volvo | £2,270 |
| Mazda | £2,250 |
| mini | £2,210 |
| Seat | £2,030 |
| kia | £2,020 |
| Volkswagen | £1,990 |
In third place, vehicles sold by Mercedes-Benz generated a profit of £2,670 per sale, while cars made by Audi came in fourth, with £2,430 each.
Swedish company Volvo took fifth place, with its cars earning £2,270 in profit per sale, while Japanese company Mazda moved into sixth place with an average profit of £2,250.
The British classic Mini, now owned by BMW, reached seventh place, with an average profit of £2,210 per sale.
Cars made by Spanish firm SEAT, meanwhile, took eighth position, generating £2,030 to dealers for every car put up for sale.
Vehicles made by South Korean company Kia and Germany’s Volkswagen took the last two places, with £2,020 and £1,990 per sale respectively.
The data comes as second car prices continue to rise, while competition for competition continues.
Richard Walker, Auto Trader’s Data and Insights Director, said: “In April, prices rose at their fastest pace in 17 months.”
He noted that “mid-month retail prices were up about 0.6% month-on-month, which is very unusual for May when prices traditionally soften.”
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