ACV online luxury car auctions have a selection of quality used luxury cars for you
As a car dealer deciding what luxury cars to buy, you’ll need to stay on top of a few key trends and demographics. These will empower you to source quality used luxury cars that you can sell to your customer base.
Trends in Used Luxury Cars
The luxury automotive industry has shifted and grown significantly over the past few years. Luxury cars tend to be ahead of the curve when it comes to car trends. The materials and heated seats of past luxury vehicles have become commonplace. Autonomous driving and electric vehicles are slowly following suit.
Each luxury brand puts its spin on what luxury means to them. Massaging seats, bottom-filling champagne glasses, and crystal gear selectors are just a few of the premium experiences that brands have come up with to offer their customers. Expect more unique features over the next few years, as luxury brands continue to compete. This is especially true with the more traditional cars competing with newer electric brands.
While Tesla is the only entirely electric luxury car manufacturer, many other brands are joining the ranks of electric luxury vehicles. The Porsche Taycan and the Mercedes-Benz EQS are two powerful electric vehicles.
While luxury can mean driving a smooth car, or having a driver, it can also mean having a self-driving car. Washington D.C. and 29 states allow autonomous vehicles on the road1. As of right now, drivers still have to keep their hands on the wheel and pay attention to the road. But luxury brands are working towards a fully autonomous experience.
Demographic and Regional Popularity
So who’s buying luxury cars?
The average luxury car buyer is in their 50s2. Many buyers are looking for a status symbol to demonstrate their success to clients. While others are looking for a car that offers unmatched comfort. Still, luxury cars also appeal to car enthusiasts who are looking to collect classic cars and exotic cars.
Luxury car buyers are willing to travel long distances to buy the luxury car of their dreams. Millennials especially tend to travel an average of 44 miles to buy their new luxury vehicles3.
The top five states with the highest density of luxury vehicles all have concentrated wealth, with California leading the pack. That said, it’s perhaps no surprise that both new and used luxury vehicles are highly concentrated in Los Angeles, New York, and Atlanta4
California / New York / Florida / Connecticut / Georgia
Best Selling Luxury Car Models
With inventory low and prices on the rise, dealers should be mindful of consumers’ true wants and needs in the luxury market. ACV high-end luxury car auctions offer low-mileage, quality, and high-performance wholesale luxury cars. With ACV, you can buy auction cars online.
So what are the most-shopped luxury cars in 2022? Check out our list below.
The Cadillac Escalade enjoys a fair share of notoriety. And is a favorite among celebrity clientele. It is opulent, roomy, and delivers a smooth drive. With an elaborate entertainment system, premium cabin materials such as genuine wood and fine leather, and an augmented reality driving system, many consider it to be a supreme riding experience. The expansive SUV holds a 6.2-liter V-8 engine or a turbo-diesel 3.0-liter inline-six. The Escalade sold 10.505 units in Q1 of 2022, a 7% increase over sales in Q1 of 2021.5
The commanding Audi A7 combines luxury, style, and practicality while boasting a 2.9-liter twin-turbocharged V-6 engine and a cutting-edge, ultra-modern feel. This posh midsize hatchback also comes in a plug-in hybrid version. It is available in a few different trims and delivers 335 horsepower. The fuel efficiency rounds out at 18 mpg city and 28 mpg highway.7 The A7 offers 24.9 cubic feet of cargo space and Audi’s Virtual Cockpit.
The Mercedes-Benz E-Class caters to luxury buyers that desire a high-class driving experience. The E-Class offers a nine-speed automatic transmission and a turbocharged 2.0-liter four-cylinder base engine. The luxury car provides sophisticated and stylish interior details and comes standard with a 12.3 touchscreen infotainment system, Apple CarPlay, remote start, and sunroof. The Mercedes E-Class seats four people in the coupe and five in the sedan. For luxury buyers that need speed, the E-Class reaches 130 mph.12
The Tesla Model 3 is a fully electric, luxurious sedan that brings an incredibly smooth ride. Tesla offers state-of-the-art technology like autonomous driving, smart features, and an intelligent suspension system. Teslas are equipped with fun features like karaoke. Plus, they have more essential features like bioweapon defense mode. The Long Range provides the longest range in miles with 358 miles, while the Performance model offers 315 miles. The base rear-wheel-drive model gives you 272 miles.11
The Tesla Model Y is an electric SUV that is designed to be rugged and luxurious. It includes all the features of the Model 3, plus all-wheel drive. It’s a spacious SUV with three rows and cargo space. The Long Range model has 131 MPGe city and 117 MPGe highway. The Performance model gives you 115 MPGe in the city and 106 MPGe on the highway.9 The Model Y also comes with the option of third-row seats.
The Lexus RX is a luxury SUV that exudes elegance. The cabin is designed with lux materials, tri-zone climate control, and a panoramic roof or sunroof. With tons of luxury upgrades available, this is a strong vehicle both as a base model and upgraded. Three new colors are available in 2022,13 including Grecian Water, Cloudburst Gray, and Iridium. The Lexus RX is fuel-efficient, and also comes in a hybrid edition. The hybrid model delivers 31 mpg in the city and 28 mpg on the highway.13 The Lexus model possesses an excellent resale value.
Find Great Deals on Used Luxury Cars Today!
Used luxury cars can be a great investment for your dealership. Many buyers who want the luxurious features, but not the high price tag, are buying used cars. So you’ll want to source the best cars for them.
So, how do online car auctions work? At ACV luxury car auctions, our market report uses real-time data to provide a price range for a vehicle. It's based on VIN or Year/Make/Model/Trim, so you never overpay. Our powerful search filters allow you to easily zero in on the used luxury cars you're looking for. Or get alerts the moment they hit the auction block.
For even more convenience, simply select ACV Transportation after you win the auction. And we’ll handle the rest with our seamlessly integrated service.