Top 10 Luxury Used SUVs to Buy in April 2024

As we step into April 2024, the pursuit of elegance and opulence on a budget continues to shape the used SUV market. We delved into the pre-owned segment to highlight the top 10 used luxury SUVs that offer premium comfort and style, but also stand out as wise investments for discerning buyers this spring. We’ve leveraged data from over 50 million vehicles on Bumper.com, to pinpoint the luxury SUVs that have experienced notable price reductions recently. This analysis suggests that now may be an ideal opportunity for consumers to secure a lavish ride without the hefty price tag.

 

Key trends in the luxury used SUV category

 

1. Swedish sophistication at a steal

Leading our list is the Volvo XC90, celebrated for its quiet luxury and safety. It has enjoyed a significant 13.72% average price reduction over the past 30 days. The XC90 offers an outstanding array of features for an average price of $56,830.85. With the number of vehicles on the market dropping from 367 to 145 within a year, this model’s increasing rarity could prompt buyers to act swiftly.

 

2. Italian flair for less

The Maserati Levante, known for its sporty essence and Italian elegance, has witnessed a 4.59% decrease in its 30-day average price. Its more substantial annual price reduction of 16.21% might indicate depreciation but also highlights a tempting opportunity for acquisition, especially considering its lower average mileage compared to its peers.

 

3. German engineering at a discount

The BMW X3 continues to be a sought-after option, with a modest 4.07% decline in its 30-day average price and a negligible year-over-year fluctuation. Its impressive 99.30% retention of the original listing price exemplifies the lasting value of BMW craftsmanship.

 

4. American luxe for less

The Jeep Grand Wagoneer and Wagoneer models have experienced more than a 20% depreciation year-over-year. The Grand Wagoneer’s sharp 22.50% decrease may seem alarming, yet it could be a hidden gem for those in search of American luxury at significant savings, given its opulent features and low stock numbers.

 

5. Status symbol savings

The Mercedes-Benz G-Class, a symbol of luxury among SUVs, has seen a 3.04% price reduction over the last 30 days. The G-Class’s higher average age might be a factor in its 13.37% annual price change, offering buyers a chance to own this prestigious vehicle at a more attainable price.

Top 10 vehicles analysis

 

1. Volvo XC90

TheVolvo XC90 shows resilience, with a modest 3.57% average price increase over 90 days, despite a short-term dip. It balances luxury and functionality, offering remarkable consistency in its market presence.

• Average Price Change 30-day: -13.72%
• Number of Vehicles on the Market Today: 145
• Average Age of Vehicle: 2.51 years
• Average Odometer Reading: 14,973.89
• Percent of original listing price: 96.20%

 

2. Maserati Levante

The Levante, Maserati’s luxurious SUV, lands the second spot but experienced a challenging year with a significant average price decrease of 16.21%. Its inventory age and market price suggest exclusive demand but at a depreciating value.s

• Average Price Change 30-day: -4.59%
• Number of Vehicles on the Market Today: 68
• Average Age of Vehicle: 2.99 years
• Average Odometer Reading: 12,456.24
• Percent of original listing price: 91.90%

 

3. BMW X3

Standing third, the BMW X3 maintains a strong position, with the smallest year-over-year price change among the top three. The vehicle’s quick market movement and consistent pricing underline its enduring appeal.

• Average Price Change 30-day: -4.07%
• Number of Vehicles on the Market Today: 125
• Average Age of Vehicle: 2.45 years
• Average Odometer Reading: 9,409.75
• Percent of original listing price: 99.30%

 

4. Jeep Grand Wagoneer

This SUV experienced steepest annual decrease but that has leveled off in the past month, reflecting a steep 22.5% decrease. Yet, its higher average age doesn’t deter its relatively high price point, indicating a niche but persistent demand.

• Average Price Change 30-day: -3.82%
• Number of Vehicles on the Market Today: 233
• Average Age of Vehicle: 2.09 years
• Average Odometer Reading: 9,356.17
• Percent of original listing price: 94.00%

 

5. Jeep Wrangler

Unique among its peers, the Jeep Wranglershowed an 8.5% year-over-year price increase, but it has slipped into negative territory this past month, signaling a strong market demand for this rugged SUV. It boasts a high vehicle count, emphasizing its popularity and market saturation.

• Average Price Change 30-day: -3.76%
• Number of Vehicles on the Market Today: 274
• Average Age of Vehicle: 2.5 years
• Average Odometer Reading: 8,550.05
• Percent of original listing price: 98.70%

 

6. Jeep Wagoneer

The Jeep Wagoneer’s price has seen significant depreciation over the year, yet it remains competitive in the market with a high inventory count and a notable retention of its original listing price.

• Average Price Change 30-day: -3.40%
• Number of Vehicles on the Market Today: 491
• Average Age of Vehicle: 2.0 years
• Average Odometer Reading: 7,096.97
• Percent of original listing price: 96.60%

 

7. Mercedes-Benz G-Class

The G-Class manages to keep a high average price today, despite a year-over-year price fall. Its luxurious status and older inventory age emphasize its status as an enduring luxury icon.

• Average Price Change 30-day: -3.04%
• Number of Vehicles on the Market Today: 605
• Average Age of Vehicle: 4.72 years
• Average Odometer Reading: 27,892.53
• Percent of original listing price: 96.10%

 

8. Lincoln Navigator L

The Navigator L, ranking eighth, demonstrates a substantial year-over-year price drop yet maintains a high average price, attributed to its positioning as a premium, expansive family SUV.

• Average Price Change 30-day: -2.97%
• Number of Vehicles on the Market Today: 269
• Average Age of Vehicle: 3.51 years
• Average Odometer Reading: 32,128.09
• Percent of original listing price: 94.70%

 

9. Lincoln Navigator

Following closely is the Lincoln Navigator, which shows similar trends as its L variant with a notable year-over-year price decrease. This underscores the brand’s resilience in maintaining a luxury audience despite market fluctuations.

• Average Price Change 30-day: -2.40%
• Number of Vehicles on the Market Today: 355
• Average Age of Vehicle: 3.57 years
• Average Odometer Reading: 29,919.23
• Percent of original listing price: 94.40%

 

10. Land Rover Defender

The Defender combines off-road capability with luxury, reflected in its high price, despite a 14.26% annual price decline. Its position signals a sustained interest in premium, rugged SUVs.

• Average Price Change 30-day: -2.38%
• Number of Vehicles on the Market Today: 418
• Average Age of Vehicle: 3.53 years
• Average Odometer Reading: 23,829.13
• Percent of original listing price: 94.60%

 

Conclusion

The top 10 vehicles discussed here offer a comprehensive view of the luxury used SUV landscape, showcasing how high-end features, reliability, and affordability interplay to define value in the pre-owned luxury segment. Whether drawn to the Swedish refinement of the Volvo XC90 or the rugged elegance of the Land Rover Defender, savvy buyers have ample opportunity to secure luxury on a budget. The highlighted models not only reflect the enduring appeal of luxury SUVs but also demonstrate the potential for wise investments in a market where elegance and practicality converge.

 

AI Disclaimer: The images presented here were created using artificial intelligence (AI) technology. While we strive for accuracy, they are artistic representations and may not depict exact or true-to-life details. We do not guarantee the accuracy, relevance, or completeness of any information in these images. For accurate and detailed representations, we recommend consulting the vehicle manufacturer directly.