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.
Luxurious Features
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.
Electric Vehicles
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.
Self-Driving Capabilities
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
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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.