May 282014
 

Peugot (Blog)

Peugeot’s funky small crossover SUV the 2008 has received a ringing endorsement from Britain’s car buyers in the form of fast used car sales. With an average selling time of just 24.8 days it has risen from 7th to 1st place in the latest monthly league table published by a car price guide.

Other manufacturers with cause to celebrate include Audi, which holds four spots in the top 10, while perhaps the biggest surprise is the Rover 25 bursting in at number 2.

            Glass’s league of fastest selling used cars – best performing

Manufacturer Model Average selling time (days)
Peugeot 2008 24.8
Rover 25 28.6
Nissan Qashqai 28.7
Audi A1 30.2
Audi A3 30.3
Skoda Rapid Spaceback 30.8
Chevrolet Orlando 31.2
Audi TT 31.2
Audi A4 31.8
Hyundai i10 31.9

 

Rupert Pontin, Glass’s Chief Car Editor, says: “For Audi, this reaffirmation of the brand’s popularity in the used market is very significant, bearing in mind the surge in new registrations over recent years. It shows there is a strong retail demand for the product, which is sure to help with residual values. I think the A1, which has jumped from 8th to 4th, could well be a future number 1.”

Of the Rover 25, he advises: “It’s cheap and cheerful, and robust in all areas except for the engine. Just make sure the head gasket has been done before you buy, or this car will cost you money!”

At number 3, down from the top spot, is the Nissan Qashqai. “Nissan and its Qashqai continue to perform well, consolidating their position as founders of the SUV market for the masses,” Rupert comments. “The recent introduction of a new model will have helped to keep this range in the public eye. Overall, Nissan is now at number 2 among the manufacturers, with only Ford achieving faster average used car sales.”

Other points of note in the top 10 this month are the appearance of two convertibles – surely a sign that summer is on its way – and the drop of Hyundai’s i10 from 2nd to 10th place. Rupert also highlights the Chevrolet Orlando, in at number 6: “This is a surprise, although it’s fair to say that whilst it’s not a market-leading car it does offer fantastic value for money in a very competitive sector.”

At the very bottom of the table is the MINI Paceman, currently taking 96.1 days on average to sell. The MINI Roadster also finds itself in the bottom 10. “I’m surprised, as MINI is generally a good news brand,” says Rupert. “It seems that MINI’s venture into a new niche is not being embraced by buyers. I also wonder if there are just too many of these two models in the market right now, and perhaps the residual value expectations of the trade surpass those of the retail buyer.”

           Glass’s league of fastest selling used cars – worst performing

Manufacturer Model Average selling time (days)
Seat Mii 67.1
Fiat 500L 67.9
Toyota GT86 72.9
Mercedes-Benz CL-Class 73.6
MINI Mini Roadster 74.8
Citroen DS5 77.5
Seat Toledo 78.7
Nissan Leaf 78.9
Vauxhall Cascada 90.4
MINI Mini Paceman 96.1

 

There is disappointment for Fiat and Seat too, as Rupert explains: “The Fiat 500L is in the bottom 10 as a direct result of an increase in volume in the used car market due to pre-registration and daily rental activity. It’s not helped by the fact that there are some fantastic deals currently on new versions, and to top it off the car’s awkward looks have not made it an instant success. Looks are a problem for the unloved Seat Toledo as well, which joins Seat’s Mii in the bottom 10. I’m not sure if this reflects general apathy towards the brand or just the availability of better value cars from its competitors.”