The 2016 Volkswagen Touareg has been revealed as the UK’s current fastest selling used car. According to Auto Trader’s Fastest Selling Index, the Volkswagen Touareg takes an average of just 22 days to sell.
Barny Francis, Volkswagen UK’s national used car manager, said the German SUV’s appeal was ‘apparent’.
“Every generation has combined luxury, quality, comfort and the latest technology to create a compelling packaging. The latest version, when specified as the striking-looking Black Edition, has proved a big hit with new car buyers, with features such as LED matrix headlights, air suspension, Digital Cockpit and a panoramic roof all included as standard. For used buyers this makes it so much more straightforward to find a car with all the equipment they need,” said Francis.
He also mentioned the Volkswagen Approved Used scheme, which gives customers who buy certain used Volkswagens two years’ warranty cover, two years’ MOT, two years’ roadside assistance, and even two services included if they finance the vehicle through a Volkswagen Personal Contract Plan.
SUVs are currently the most in demand type of car on Auto Trader, which bases its index on the volume of searches and advert views. Their data shows that demand levels for SUVs have increased 10% year-on-year, whilst levels of supply have dropped by 8.7%. This imbalance has helped drive up the prices of used SUVs. Last week, the average price of a used SUV was £22,288, which is a year-on-year increase of 13.1%.
Karolina Edwards-Smajda, Auto Trader’s director of commercial products, said: “We’ve seen already very strong levels of buyer demand accelerate following the reopening of physical forecourts in April, but it looks as though it’s been given an extra boost in anticipation of the easing of most COVID-19 restrictions this week. This is having a significant influence on the speed of sale and used car prices, as well as the overall market health.”