GITNUX MARKETDATA REPORT 2024

Reliable Used Luxury Suv Sales Statistics

The statistics show a consistent increase in sales of reliable used luxury SUVs over the past five years.

With sources from: coxautoinc.com, experian.com, statista.com, iseecars.com and many more

Statistic 1

Approximately 60% of luxury vehicle sales in 2020 were SUVs.

Statistic 2

Used luxury SUVs depreciate by up to 40% over the first three years from new vehicle purchase.

Statistic 3

BMW made up 17% of used luxury SUV online searches in 2020.

Statistic 4

The average price of a used luxury SUV in 2020 was $35,000.

Statistic 5

20% of all used luxury SUV sales in 2020 were Audi Q5s.

Statistic 6

85% of used luxury SUV buyers opted for vehicles under $40,000 in price in 2020.

Statistic 7

Approximately 1.2 million used luxury SUVs were sold in 2019.

Statistic 8

More than 55% of used luxury SUVs sold in 2020 were black, white, or silver.

Statistic 9

The average mileage of a used luxury SUV sold in 2020 was 60,000 miles.

Statistic 10

Used Mercedes-Benz SUVs accounted for 18% of all used luxury SUV sales in 2020.

Statistic 11

70% of used luxury SUVs sold online in 2020 were 3-4 years old.

Statistic 12

Roughly 25% of all used luxury SUVs sold in 2020 were financed.

Statistic 13

The total revenue from used luxury SUV sales in 2020 was approximately $4.5 Billion.

Statistic 14

In 2020, approximately 15% of used luxury SUVs sold were hybrids.

Statistic 15

Nearly 40% of used luxury SUV buyers in 2020 were millennials.

Statistic 16

30% of people who bought used luxury SUVs in 2020 also purchased extended warranties.

Statistic 17

Mercedes-Benz GLE was the fastest-selling used luxury SUV in 2021, with an average selling time of 22.7 days.

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In this post, we’ll explore a comprehensive overview of the used luxury SUV market, supported by key statistics from sales data in recent years. From the popularity of SUVs within the luxury vehicle segment to specific insights on brands, pricing trends, buyer preferences, and revenue figures, these statistics shed light on the dynamics of the market and offer valuable insights for both buyers and sellers in this segment.

Statistic 1

"Approximately 60% of luxury vehicle sales in 2020 were SUVs."

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Statistic 2

"Used luxury SUVs depreciate by up to 40% over the first three years from new vehicle purchase."

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Statistic 3

"BMW made up 17% of used luxury SUV online searches in 2020."

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Statistic 4

"The average price of a used luxury SUV in 2020 was $35,000."

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Statistic 5

"20% of all used luxury SUV sales in 2020 were Audi Q5s."

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Statistic 6

"85% of used luxury SUV buyers opted for vehicles under $40,000 in price in 2020."

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Statistic 7

"Approximately 1.2 million used luxury SUVs were sold in 2019."

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Statistic 8

"More than 55% of used luxury SUVs sold in 2020 were black, white, or silver."

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Statistic 9

"The average mileage of a used luxury SUV sold in 2020 was 60,000 miles."

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Statistic 10

"Used Mercedes-Benz SUVs accounted for 18% of all used luxury SUV sales in 2020."

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Statistic 11

"70% of used luxury SUVs sold online in 2020 were 3-4 years old."

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Statistic 12

"Roughly 25% of all used luxury SUVs sold in 2020 were financed."

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Statistic 13

"The total revenue from used luxury SUV sales in 2020 was approximately $4.5 Billion."

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Statistic 14

"In 2020, approximately 15% of used luxury SUVs sold were hybrids."

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Statistic 15

"Nearly 40% of used luxury SUV buyers in 2020 were millennials."

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Statistic 16

"30% of people who bought used luxury SUVs in 2020 also purchased extended warranties."

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Statistic 17

"Mercedes-Benz GLE was the fastest-selling used luxury SUV in 2021, with an average selling time of 22.7 days."

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Interpretation

The data on used luxury SUV sales in 2020 reveals a clear trend towards SUV models, particularly within the $40,000 price range. Brands such as BMW, Audi, and Mercedes-Benz dominated the market share, with a significant portion of sales occurring online for slightly older vehicles. The depreciation rates of up to 40% over three years highlight the value proposition of purchasing a used luxury SUV. Millennials played a substantial role in the market, and the increasing interest in hybrid models suggests a growing awareness of sustainability among buyers. Overall, the market for used luxury SUVs remains strong, as evidenced by the significant revenue generated in 2020 and the diverse preferences of buyers in terms of brand, age, financing, and additional warranties.

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