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17.
August
2015.
Budget family car brands are July’s fastest selling

[image]PRESS RELEASE

17thAUGUST 2015

 

Budget family car brands are July's fastest selling

Dacia and Chevrolet 4x4s and MPVs dominate Glass's latest Hot Five

but new Land Rover takes top spot

 

Budget family motoring brands Dacia and Chevrolet dominate Glass's Hot Five of the fastest selling used cars for this month - but the newest prestige model from Land Rover takes the top spot.

The recently-launched Discovery Sport is currently the most wanted used car on dealer forecourts across the UK as low volumes struggle to meet high demand.

However, the now-defunct Chevrolet brand and budget relative newcomer Dacia take all the other places in the Hot Five with two different family models each - the Sandero Stepway and Duster, and the Captiva and Orlando.

Rupert Pontin, Glass's Head of Valuations, said: "It's interesting that this month's Hot Five has one prestige and two budget manufacturers, perhaps underlining predictions that the market will move further and further away from the middle-market. It could be that Chevrolet's withdrawal from the UK market could prove to have been a little premature.

"Both the Dacia and Chevrolet models included represent strong value for money for the family customers who dominate the used car market over the summer months while the Discovery Sport is an excellent choice for those who have a little more money to spend. It is easy to see why all of these cars are popular.

"Also, this is the second month in succession that the Dacia Duster has made an appearance - so it will be interesting to see if it is also included in next month's Hot Five."

Glass's Hot Five for July

  1. Land Rover Discovery Sport

  2. Dacia Sandero Stepway

  3. Chevrolet Captiva

  4. Chevrolet Orlando

  5. Dacia Duster

Commenting, Rupert Pontin, Glass's Head of Valuations, said:

  • "The all-new and highly desirable Discovery Sport takes the top spot. These are few and far between and are moving very quickly at just 14.6 days to sale. The average age and low average mileage highlight the fact that those being sold are ex-demonstrators and ex-manufacturer staff cars."

  • "The Sandero Stepway is the first of two Dacia entries in the Hot Five and offers space and family appeal at a budget price. Looking at the age and mileage profile these could be ex-PCP cars returning to the market and they are great news for the retail customer."

  • "Chevrolet have taken the third and fourth spot with prime family models in the form of the Captiva crossover SUV and the Orlando MPV. Available in low volumes these offer great value for money. It is such a shame for the retail buyer that Chevrolet withdrew from the UK."

  • "The Dacia Duster completes the Hot Five and is appearing for the second successive month. Compared to the Captiva, retail buyers will get a newer, lower mileage car for the same money."

About Glass's Hot Five

Glass's Hot Five is based on 300 models, all of which have been subject to more than 50 price observations over a four-week period. The set is then split by range, and an average is determined by the number of days that cars have been advertised on web portals. Published once a month, the Hot Five provides insight gleaned from GlassNet Radar, Glass's live retail pricing system that provides up-to-the-minute pricing around the country. This looks at average selling times for used cars based on the number of days that cars tend to stay on the forecourt. Providing the most accurate analysis of retail observations around the country, Radar has been improving profitability for dealers since its launch last year.

About Glass's

Glass's is the largest vehicle data provider in Europe, offering products and solutions that are invaluable at every stage of a vehicle's lifecycle. These include key valuation, technical and fleet management data, estimating, bodyshop and dealer management systems and web-based services. Founded in 1933 by William Glass, the first Glass's Guide to Car Values - widely referred to as the used car dealer's bible - was published in July of that year.

 

For further details:

  • Sanjay Misty, Paperchase PR, 07810 368 772, sanjay@paperchasepr.co.uk

  • Simon Wells, Paperchase PR, 07768 912 430, simon@paperchasepr.co.uk

 

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