Press release

Used Renault Scenic records greatest price hike during 'lockdown'

Renault Scenic revealed as used car with the highest retail price increase from April to May

Auto Trader, the UK’s largest market place for new and used cars, has revealed which used cars saw the greatest price increase during lockdown, and which saw the steepest decline.

Based on pricing analysis of circa 900,000 vehicles, Auto Trader’s data scientist identified the Renault Scenic Dynamique Nav (diesel – manual) as the model which received the greatest month-on-month price increase. The three to five-year-old variant of the French family favourite recoded an average price hike of £1,302 (+15.7%) between April and May.

In terms of body type, SUVs retained their pre-COVID-19 popularity with six making it onto the top 10, recording an average increase of 12.3% between them over the same period.

The list of cars that saw their sticker prices fall the most during lockdown was led by the sturdy Scandinavian Volvo V40 Inscription. The diesel manual variant, aged between three and five years, saw the greatest average price drop of any used car in the UK between April and May, receiving an average cut of £493. 

The decline in price observed on the list was slight however, with the biggest fallers only averaging a 2.8% decrease, highlighting retailers have largely held firm during the COVID-19 pandemic and have not significantly lowered their prices. And with such strong consumer demand in the market – Auto Trader is currently recording an average of over 2 million visits to its marketplace every day – there is no reason for them to do so. 

Commenting on the price observations, Auto Trader’s Data and Insight Director, Richard Walker, commented: It’s really positive data, as we can see the price reductions are far less than the price increases which is a very encouraging position for the market. These reductions are also still well within the ranges of daily price movements we see in a normal market, which indicates that retailers haven’t been panic slashing prices. With consumer demand bouncing back, retailers should stay strong with their prices, and ensure that their stock and their prices are right for their specific geographic area – our AT Market Insight tool can help them do that.

 

Largest asking price increase between April – May 2020:

Rank

Make / model / trim

Age

Fuel & transmission

Price change

(£)

Price change (%)

1

Renault Scenic Dynamique Nav

3 - 5 years

Diesel - Manual

£1,302

15.7%

2

Peugeot 3008 Allure

3 - 5 years

Diesel - Automatic

£1,536

14.9%

3

Peugeot 3008 Allure

3 - 5 years

Diesel - Manual

£1,477

13.6%

4

Peugeot 2008 GT Line

up to 1 year

Petrol - Manual

£1,846

12.1%

5

Mercedes-Benz B-Class Sport

1 - 3 years

Diesel - Automatic

£1,913

12.1%

6

Renault Megane Dynamique Nav

3 - 5 years

Diesel - Manual

£753

11.3%

7

Audi Q5 S line

3 - 5 years

Diesel - Automatic

£2,196

11.1%

8

Toyota Yaris Icon

up to 1 year

Petrol hybrid - Manual

£1,566

11.1%

9

Peugeot 3008 Allure

3 - 5 years

Petrol - Manual

£1,553

11.0%

10

Volkswagen Touareg R-line

1 - 3 years

Diesel - Automatic

£3,242

10.9%

 

Largest asking price decrease between April – May 2020:

Rank

Make / model / trim

Age

Fuel & transmission

Price change

(£)

Price change (%)

1

Volvo V40 Inscription

3 - 5 years

Diesel – Manual

-£493

-4.0%

2

Volkswagen Passat GT

3 - 5 years

Diesel - Automatic

-£542

-3.9%

3

Vauxhall Insignia SRi Nav

3 - 5 years

Diesel – Manual

-£224

-3.0%

4

Vauxhall Insignia Design Nav

3 - 5 years

Diesel - Manual

-£184

-2.9%

5

Land Rover Range Rover Evoque Dynamic

3 - 5 years

Diesel - Automatic

-£569

-2.8%

6

Toyota AYGO x-trend

1 - 3 years

Petrol - Manual

-£266

-2.8%

7

Vauxhall Astra SRi

3 - 5 years

Diesel - Manual

-£205

-2.3%

8

Audi A4 Avant SE Technik

3 - 5 years

Diesel - Manual

-£236

-2.3%

9

Nissan Qashqai Acenta

1 - 3 years

Petrol - Automatic

-£316

-2.2%

10

Volkswagen up! GTI

1 - 3 years

Petrol-Manual

-£275

-2.2%

 

It would seem Gen-Z'ers are now flocking to driving as COVID-19 restrictions get stricter. Find out more including insights from @REDDriving https://t.co/phgW2Ese7g #atinsightoftheday #GenZ https://t.co/P6chl5PmcB
Right now our panel of judges are busy reviewing the self-nomination award entries for this year’s Auto Trader Retailer Awards. Who will they decide are this year’s winners? Find out by registering to join the awards live on the 23rd October at 1pm > https://t.co/ZdjzevlJd3 https://t.co/rpobMrn4yf
In this week’s webinar Nathan Coe & @MarshallMotorGp will be discussing: -September's performance -How the job retention scheme might impact the #automotiveindustry -How #cardealers can finish the year strong & reach their year end objectives Register at https://t.co/yfbWqH66RA https://t.co/8rHpHIsSEG
Next week will see the launch of Retailer Performance Masterclasses (RPM) our all new online masterclass hub. Find out all you need to know in our latest blog post from @chrispenny222 > https://t.co/UUmrTQzbKa #RPM #autotrader #masterclass #insights #bestpractices #cardealers https://t.co/CzREOLoLbW
Our latest audience figures show no signs that last week’s Government announcement has impacted buyer demand with over 2 million visits to our site and 20 million minutes being spent on site by buyers looking for their next vehicle each day last week. #atinsightoftheday https://t.co/h0uTNtWuet
We've got something very exciting launching soon... Wednesday 7th October, save the date 👀 #RPM https://t.co/op0RVqngLN
The @KiaUK Sorento is currently the UK’s fastest selling car, taking an average of just 24 days to turn on UK forecourts according to our Fastest Selling Index. #atinsightoftheday #kia #mazda #peugeot #mercedes-benz https://t.co/0amym8KyIK
Join us on Thursday at 10am for our next #webinar to hear our latest #automotiveindustry updates and #insights and to hear from our CEO, Nathan Coe and @MarshallMotorGp Register now >https://t.co/knn3yUlJ3l https://t.co/HaxCu2EFss
Nathan Coe, our CEO, shared an update with our customers today reassuring them that Boris' announcement earlier this week has had no negative impact on consumer demand. Read Nathan's full thoughts on our latest blog post: https://t.co/sx37kiEHBY
Used car prices continue to climb with last week seeing overall used car prices increase by 7.7%, up from 7.4% the week before and the 20th week of consecutive price growth. #atinsightoftheday #usedcar #Pricing #Petrol #diesel #ElectricCars https://t.co/dmR56DmzNf

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