On average, owners of luxury cars need 46.9 days to sell their used vehicles.
A new study lists the 10 luxury models that are in highest demand on the used car market. The research comes from the automotive research firm and car search engine iSeeCars.com, which studies the auto market and its trends.
The company analyzed 6.1 million used car sales from April 2018 to March 2019 of luxury used cars from model years 2016 to 2018. For each make and model, iSeeCars calculated the number of days the car was listed and its average price.
The results show the Tesla Model S dominates the list despite its relatively high price on the used car market. The electric luxury sedan is the fastest-selling model among all researched with an average selling time of 35.5 days – almost 25 percent faster than the average for the whole set.
“Despite being one of the more expensive large luxury vehicles, the Model S has become the fastest-selling used vehicle in its class thanks to its large price reductions and its technological and safety features,” iSeeCars CEO Phong Ly comments. “It also helped quell the public’s range anxiety thanks to its long battery range, and more importantly, it has raised the bar for EV production and has led the way for future innovation in both the luxury and EV markets.”
Click the white arrow on the image above to discover the ten fastest-selling luxury used cars based on iSeeCars’ study.