Top 10 Luxury Used SUVs in May 2024

As we delved into the world of luxury used SUVs this month, we uncovered a market where elegance meets affordability. Bumper.com has harnessed data from over 40 million vehicle records to highlight the top 10 luxury SUVs that exemplify both opulence and value. Amidst a market as dynamic as a Formula 1 race, these selected vehicles stand out for their lavish comforts and notable price slowdowns. For those with an eye for luxury and a keen sense of timing, this presents a golden opportunity. Let’s discover why these luxury SUVs could be the perfect addition to your driveway, offering the prestige you desire without the extravagant cost.

Key trends in the luxury used SUV category

1. Luxury within reach

The Porsche Cayenne reigns supreme this month, marking the most significant drop in asking price by nearly 7.62% within 30 to 60 days. This notable decrease presents an enticing opportunity for enthusiasts to own a piece of Porsche’s legendary performance and luxury at a more accessible price point.

2. Exclusive opportunities emerge

The Lamborghini Urus has experienced a significant price reduction of over 4.61%, granting a rare opportunity for aficionados to enter the exclusive Lamborghini circle. Always consult vehicle history reports to try and unveil the potential behind each unique deal.

3. Affordability amongst giants

Both the Lincoln Navigator and its extended version, the Navigator L, showed moderate price declines. This trend signals an opportune moment to acquire a vehicle synonymous with American luxury and presence, but at a more budget-friendly investment.

4. Reliability meets affordability

The Lexus GX, known for its steadfast reliability, has seen a slight price decrease, reinforcing the notion that value and desirability can coexist. Delving into VIN details might reveal highly equipped models, enhancing their appeal.

5. Defying the norm

Contrary to the general trend, the Dodge Durango’s value has increased by 4.43% over the last year, highlighting strong demand. This anomaly reminds us of the diverse dynamics within the SUV market, where individual vehicle histories can shed light on such distinctive trends.

Top 10 Luxury Used SUVs to Buy in May

1. Porsche Cayenne

The Porsche Cayenne tops our list with a noteworthy decline in both price and inventory over the past year, suggesting either an increase in demand or a decrease in supply for this luxury SUV.

• Average price change (1 year): -8.28%
• Average list price: $71,503.52
• Number of vehicles sold in the last 30 days: 229
• Average vehicle age: 3.65 years
• Average days on market: 31.66
• Average odometer reading: 22,648.19 miles
• Average discount: 1.00%

2. Dodge Durango

The Dodge Durango has seen a relatively minor reduction in price over the past year but shows an increase in value, contrasting with others on the list.

• Average price change (1 year): +4.43%
• Average list price: $64,075.83
• Number of vehicles sold in the last 30 days: 58
• Average vehicle age: 2.32 years
• Average days on market: 46.14
• Average odometer reading: 6,608.63 miles
• Average discount: 1.00%

3. Porsche Macan

ThePorsche Macan has experienced slight price decreases over the past year while maintaining a strong position in the market with a significant number of units available.

• Average price change (1 year): -4.73%
• Average list price: $59,890.12
• Number of vehicles sold in the last 30 days: 126
• Average vehicle age: 3.22 years
• Average days on market: 30.13
• Average odometer reading: 15,388.7 miles
• Average discount: 0.80%

4. Lamborghini Urus

A standout for its significant price drop over the past year, the Lamborghini Urus may offer high-end buyers an opportunity amidst a high-price bracket.

• Average price change (1 year):-15.99%
• Average list price: $225,676.63
• Number of vehicles sold in the last 30 days: 54
• Average vehicle age: 3.29 years
• Average days on market: 47.16
• Average odometer reading: 13,307.02 miles
• Average discount: 0.70%

5. Jeep Grand Wagoneer

The Jeep Grand Wagoneer has seen the largest price change in the past year, which could be enticing for shoppers looking for a deal on a luxury SUV.

• Average price change (1 year): -21.41%
• Average list price: $71,196.94
• Number of vehicles sold in the last 30 days: 112
• Average vehicle age: 2.12 Years
• Average days on market: 62.45
• Average odometer reading: 9,021.79 Miles
• Average discount: 1.50%

6. Lexus GX

Offering a stable market position with a modest year-over-year price decrease, the Lexus GXremains a competitive option among mid-size luxury SUVs.

• Average price change (1 year): -5.79%
• Average list price: $54,555.46
• Number of vehicles sold in the last 30 days: 94
• Average vehicle age: 2.73 years
• Average days on market: 22.77
• Average odometer reading: 16,616.04 miles
• Average discount: 0.50%

7. Lincoln Navigator

TheLincoln Navigator has seen a significant price correction over the past year, indicating potential value for those in the market for a full-size luxury SUV.

• Average price change (1 year): -15.03%
• Average list price: $60,562.90
• Number of vehicles sold in the last 30 days: 144
• Average vehicle age: 3.61 years
• Average days on market: 31.56
• Average odometer reading: 31,429.87 miles
• Average discount: 0.70%

8. Audi Q8

With a moderate price decline over the last year, the Audi Q8 offers a blend of luxury, performance, and technology at a potentially more accessible price point.

• Average price change (1 year): -10.23%
• Average list price: $55,088.24
• Number of vehicles sold in the last 30 days: 70
• Average vehicle age: 3.48 years
• Average days on market: 27.22
• Average odometer reading: 25,076.11 miles
• Average discount:0.90%

9. Mercedes-Benz GLS-Class

Amidst notable price drops and a significant presence in the market, the Mercedes-Benz GLS offers a balance between prestige and practicality for luxury SUV buyers.

• Average price change (1 year): -12.86%

• Average list price: $66,538.72

• Number of vehicles sold in the last 30 days: 275

• Average vehicle age: 3.4 years

• Average days on market: 26.57

• Average odometer reading: 24,752.52 miles

• Average discount: 0.90%

   

10. Lincoln Navigator L

An extended version of the Navigator, the Navigator L has also seen its prices drop significantly in the past year, appealing to those needing extra space without sacrificing luxury.

• Average price change (1 year): -15.58%
• Average list price: $61,419.69
• Number of vehicles sold in the last 30 days: 110
• Average vehicle age: 3.56 years
• Average days on market: 30.23
• Average odometer reading: 34,003.13 miles
• Average discount: 0.50%

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.