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
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.