Top 10 Luxury Used SUVs in September 2024

Welcome to September 2024, where the used luxury SUV market is experiencing unprecedented excitement! If you’re in the market for a fantastic deal, now is the perfect time to act. Armed with extensive data from Bumper.com—home to over 65 million vehicles—we’ve identified the top 10 used luxury SUVs currently offering the most significant price reductions month over month. Our analysis highlights substantial discounts across various models, making it an opportune moment for potential buyers to explore their options. Just remember to check vehicle history reports, complete VIN lookups, and decoding—because who doesn’t love knowing the backstory of their ride?

Key trends in the luxury used SUV category

1. Significant Discounts: The Land Rover Range Rover leads the way, with an average monthly price drop of 4.34%. It’s closely followed by the Toyota Land Cruiser and Mercedes-Benz GLC-Class, suggesting that consumers could realize considerable savings if they act swiftly.
2. Stable Supply: Vehicle availability remains consistent, with the Cadillac Escalade boasting the highest number of listings at 918. This steady supply ensures that buyers will have numerous options to choose from.
3. Age Matters: Among the top 10 SUVs, the average vehicle age ranges from just over two to five years. Younger options, such as the Mercedes-Benz GLC-Class, typically have lower mileage, making them appealing choices for those seeking a blend of luxury and reliability.
4. High Initial Prices, Larger Final Discounts: Luxury models like the Bentley Bentayga and Mercedes-Benz G-Class start with hefty price tags but have shown significant year-over-year price drops of 13.41% and 10.12%, respectively. This trend indicates that even luxury vehicles are not immune to market fluctuations.
5. Rising Mileage, Declining Prices: While many of these SUVs have mileage below 40,000, the price cuts reflect a substantial decline in resale value across the board. Notably, the Audi SQ7 has experienced the steepest year-on-year drop at 16.26%, signaling that buyers might want to seize these deals before they disappear!

Top 10 used luxury SUVs with significant price reductions

1. Land Rover Range Rover

The Range Rover leads the pack with a robust market presence, despite significant depreciation over the past year. Its high average initial list price suggests premium positioning, but it faces a meaningful price drop over time.

• Average Listed Vehicle Mileage: 34,127.46 miles
• Average Initial List Price: $79,113
• Average Final List Price: $77,308
• Average Price Change (30-60 days ago): -4.34%
• Average Discount Seen from List to Sale: 2.30%

2. Toyota Land Cruiser

The Toyota Land Cruiser, known for its reliability, follows closely behind with substantial mileage and a similar trend in price drop. Its established reputation adds value, despite the lower average discount compared to the Range Rover.

• Average Listed Vehicle Mileage: 50,707.22 miles
• Average Initial List Price: $77,516
• Average Final List Price: $76,350
• Average Price Change (30-60 days ago): -3.29%
• Average Discount Seen from List to Sale: 1.50%

3. Mercedes-Benz GLC-Class

The GLC-Class stands out with lower average mileage and a better retention of value compared to the top contenders. Its affluent price point and marginal discount reflect a competitive strategy targeting urban professionals.

• Average Listed Vehicle Mileage: 6,377.16 miles
• Average Initial List Price: $55,421
• Average Final List Price: $55,255
• Average Price Change (30-60 days ago): -3.07%
• Average Discount Seen from List to Sale: 0.30%

4. Cadillac Escalade

The Escalade still holds significant appeal in the luxury SUV market, with a healthy mix of features and average pricing. Its substantial listed mileage suggests heavy usage, but the average final price still indicates prestige.

• Average Listed Vehicle Mileage: 30,819.13 miles
• Average Initial List Price: $82,046
• Average Final List Price: $80,732
• Average Price Change (30-60 days ago): -2.79%
• Average Discount Seen from List to Sale: 1.60%

5. Mercedes-Benz G-Class

The G-Class remains iconic yet shows one of the highest average list prices in this segment. With a significant discount seen at sale, it’s a luxury vehicle that attracts high-end buyers, despite recent depreciation.

• Average Listed Vehicle Mileage: 29,646.55 miles
• Average Initial List Price: $155,223
• Average Final List Price: $152,811
• Average Price Change (30-60 days ago): -2.45%
• Average Discount Seen from List to Sale: 1.60%

6. Bentley Bentayga

As one of the most expensive vehicles in this lineup, the Bentayga exemplifies luxury but shows considerable depreciation and higher average days on the market. Its exclusivity and luxurious features remain key attractions.

• Average Listed Vehicle Mileage: 18,512.29 miles
• Average Initial List Price: $171,699
• Average Final List Price: $170,590
• Average Price Change (30-60 days ago): -2.31%
• Average Discount Seen from List to Sale: 0.60%

7. Genesis GV80

The Genesis GV80 taps into the luxury segment with competitive pricing and features. Showcasing low mileage and a healthy discount, it stands out for buyers looking for modern luxury without the high-end price tag.

• Average Listed Vehicle Mileage: 17,069.11 miles
• Average Initial List Price: $61,108
• Average Final List Price: $60,066
• Average Price Change (30-60 days ago): -1.93%
• Average Discount Seen from List to Sale: 1.70%

8. Chevrolet Tahoe

The Tahoe offers a combination of size and utility at a competitive price. With a lower average discount, it’s popular among families looking for spacious SUVs without breaking the bank.

• Average Listed Vehicle Mileage: 28,950.36 miles
• Average Initial List Price: $64,568
• Average Final List Price: $63,738
• Average Price Change (30-60 days ago): -1.74%
• Average Discount Seen from List to Sale: 1.30%

9. Audi SQ7

The SQ7 balances performance and versatility in the luxury SUV market, with a slightly higher price reduction. It’s positioned attractively for buyers interested in both luxury and performance.

• Average Listed Vehicle Mileage: 24,237.64 miles
• Average Initial List Price: $75,342
• Average Final List Price: $74,590
• Average Price Change (30-60 days ago): -1.68%
• Average Discount Seen from List to Sale: 1.00%

10. Ford Expedition

The Expedition rounds out our top 10 with its combination of ruggedness and space. It reflects a solid choice for those needing capacity while maintaining a reasonable price point.

• Average Listed Vehicle Mileage: 19,880.10 miles
• Average Initial List Price: $65,526
• Average Final List Price: $64,802
• Average Price Change (30-60 days ago): -1.64%
• Average Discount Seen from List to Sale: 1.10%

Navigating the current landscape of the used luxury SUV market can lead to significant savings and the acquisition of a vehicle that doesn’t sacrifice performance for price. The highlighted vehicles not only promise substantial discounts but also embody the pinnacle of luxury, ensuring a driving experience that is second to none. Whether prioritizing mileage, price reductions, or the luxurious appeal of high-end brands, there’s something for everyone in this dynamically shifting market. By being well-informed and considering the insights shared, buyers are in an excellent position to secure deals that offer unparalleled value without compromising on the luxury experience. Remember, investing the time to research and understand your future vehicle’s history is imperative, as it turns a good deal into a great investment.