ACV online car auctions have a selection of quality used sports cars for you to choose from.
As a car dealer deciding what sports 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 sports cars that you can sell to your customer base.
Trends in Sports Cars
The sports car industry rises and falls depending on the success of millionaires and billionaires worldwide. However, it’s also dependent on more accessible factors that affect everyone.
Sports car manufacturers are beginning to prioritize fuel efficiency. There are now many electric sports cars on the market, such as the Tesla Roadster and Porsche Taycan. 2023 promises even more reputable models going electric.
Q1 of 2022 had sports car sales down 13% from Q1 of 2021.2 That’s not surprising considering the supply chain problems that were exacerbated by the war in Ukraine. The semiconductor chip shortage will continue to impact not only new vehicle inventory but also the used vehicle market into 2023. However, the international sports car market is projected to grow 1% annually until 2028 once the shortages settle.
Demographic and Regional Popularity
So who's buying sports cars?
While the midlife sports car stereotype holds, young people also buy a high volume of sports cars. 20-30-year-olds make up 43% of Carmax’s sports car buyers. While 40-50-year-olds make up 31% of their buyers.4
Generally, sports cars are more popular in states with more moderate climates. While the states with harsh winters have low sports car ownership. Check out the top five states with the highest percentage of sports cars on the road.5
Florida / California / Texas / Arizona / Georgia
Find Great Deals at ACV’s Online SUV Auction Today
While sports cars are notorious for their high prices, buying used sports cars at auctions can be an affordable option for your dealership. So, how do online car auctions work? At ACV auctions, our market report uses real-time data to provide a price range for a vehicle based on VIN or Year/Make/Model/Trim, so you never overpay. Our powerful search filters allow you to easily zero in on the sports 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.