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%

 

In next week’s webinar we’ll be joined by @mikejonesase to talk through what the latest budget means for retailers. We’ll also discuss what independent and franchise retailers can learn from each other as they prepare to reopen physical forecourts > https://t.co/rKjsWxrWjN https://t.co/tTxqOKW63A
Our teams were delighted to be a part of #BreakoutForBen, raising £12,225 towards the staggering total achieved by all who took part @BenSupport4Auto https://t.co/JqHkpGF9cE
To celebrate #InternationalWomensDay on Monday 8th March, we'll be hosting a webinar centred around this year’s theme #ChooseToChallenge. Find out more and register at https://t.co/z83jRsYDtp https://t.co/Yfvh2KkK1A
Our Data & Insight Director @therickw shares our latest audience data along with what we are seeing in terms of overall market and retailer performance. https://t.co/r5vdGHI1UM
In our next webinar we welcome back @mikejonesase ,chairman of @ASE_Global, to give the latest update on government financial support and answer your questions which you can pre-submit by following the instructions below. https://t.co/al6EzwaeJ3
Whilst the latest data from the @SMMT shows new car registrations were down -35.5% last month, we’ve seen a significant increase in new car engagement on our marketplace. https://t.co/NWLpyJ1j2W
Our Retail Price Index, which is based on daily pricing analysis of circa 900,000 vehicles, revealed the average price of a used car in February was £14,096: a YoY increase of 6.6%. https://t.co/HrAEkAqpOV
From May 1st admin fees will be displayed on your full-page adverts. Fees will not appear in search pricing until later this year. https://t.co/ernaPgaJsL
Buyer's confidence in being able to afford their next car remains extremely high. https://t.co/ktR6FungW8
First up our Data & Insight Director @therickw shares our latest audience update. Last week audience grew 8.8% compared to the same time last year, with our marketplace seeing an average of 1.4 million users each day last week. https://t.co/fNyeiSr1AG

Auto Trader Group plc
Registered in England (Company number: 09439967)

Auto Trader Limited
Registered in England and Wales (Company number: 03909628)

Registered address:

1 Tony Wilson Place
Manchester
M15 4FN
VAT number: GB 614 8918 20

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