British car maker Land Rover has reclaimed its top position as the brand that makes the most money for second hand dealers.
Car sellers currently make an average sum of £1,500 in profit on each second-hand vehicle they sell.
However, new data shows certain models are making second hand dealerships a lot more money than others.
Land Rover, whose cars are favourites of the Royal Family, has hit the top spot after making sellers average profits of £3,290 on each vehicle sold.
The hefty profits mean Land Rover has now returned to its position as the top money maker for second hand vehicle sellers, new analysis from DealerAuction shows.
(Stock image) Car dealerships have seen their profits surge since Covid-19 as supply chain problems have led to a shortage of vehicles
The British carmaker was briefly usurped by Japanese automobile manufacturer Lexus, which is owned by Toyota.
Land Rover cars made dealers average sums of £3,290 in April, putting them at the top of the list for profitability.
The UK company’s cars, which were driven by Queen Elizabeth II, were followed in the rankings by those made by German firm BMW.
BMW’s cars made second hand vehicle sellers average profits of £2,760 each, the analysis shows.
(Stock image) Land Rover topped the list in making the most amount of profit for dealers
|Car brand||Average profit per sale|
In third place, vehicles sold by Mercedes-Benz generated profits of £2,670 per sale, while cars made by Audi came in fourth, by generating £2,430 each.
Swedish firm Volvo took fifth place, with its cars making £2,270 in profits per sale, as Japanese firm Mazda swept in to sixth place with average profits of £2,250.
British classic Mini, which is now owned by BMW, hit seventh place, with average profits of £2,210 per sale.
Cars made by Spanish firm SEAT, meanwhile, took eighth position, in generating £2,030 for dealers for each car put up for sale.
Vehicles made by South Korean firm Kia and German company Volkswagen took the last two places, in making £2,020 and £1,990 per sale, respectively.
The data comes as second car prices are continuing to surge, as competition to snap up stick continues.
Richard Walker, Auto Trader’s Data and Insights Director, said ‘In April prices grew at their fastest pace for 17 months.’
He noted that ‘at this mid-month point, retail prices are up around 0.6% month-on-month, which is very unusual for May, when prices traditionally soften.’
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