Why Luxury Cars Are Difficult To Sell

Sell my Luxury car to a top car buyer!

The global market for luxury cars was estimated to be at around 503 billion euros in 2020. This figure was a decrease of over eight percent from the previous year. The decline was in part due to the outbreak of the COVID-19 pandemic.

Luxury car makers are searching for new ways to attract their consumers and the introduction of electric-powered luxury vehicles is just one of the ways they’ve come up with to appeal to environmentally conscious buyers.

Luxury car interior in red.

Luxury vehicles are enticing purchases but if you want to switch your wheels for something more comfortable or less flashy then selling your car might not be as easy as you think. Here are some reasons why luxury cars might be difficult to sell.

The ‘New’ Factor

For many buyers in the luxury car market, new is the only way to go. If they’re going to splurge on a luxury vehicle then they might as well do it on a new one. This is why luxury cars lose value faster than standard cars. However since their starting prices are much higher in the first place, they remain valuable for a longer period of time.

You might have difficulty getting buyers for your luxury vehicle simply because it’s not new and has been used before.

Maintenance and Parts for Luxury Cars

Luxury automobiles are manufactured at factories with their parts being shipped in from different countries before a vehicle is assembled. BMW has 31 different facilities in 15 countries where genuine parts are made and cars produced.

Since these parts all come from various countries, the maintenance for luxury cars is also quite expensive and time-consuming. If something goes wrong with your car then there’s a chance your local mechanic might not be able to fix it. Another thing to note is that if your luxury vehicle is missing some original parts that needed to be replaced its value will probably go down significantly. The presence of original parts is an important factor that people consider when buying luxury cars.

BMW logo on a car.

Technology Upgrades for Luxury Cars

Even though luxury cars have state-of-the-art mechanics and parts, including the engine, that remain reliable for years but in-car technology is constantly developing.  New models will have new features and the old ones will get outdated every time a new one comes out. Upgrades like Bluetooth connectivity, navigations systems and various additional features that automakers offer make the older ones seem redundant.

Aston Martin was providing the Jaeger-LeCoultre AMVOX2 Transponder watch for $29,500 as a bonus device for certain models. It allowed you to unlock the doors via the watch. This feature was not available in the older models and may be why consumers will gravitate towards newer luxury cars instead of older ones.

Selling luxury cars is difficult but at CarZilo, we make the process easy for you.  If you’re looking to sell your luxury vehicle online in Los Angeles and Orange County, you’re at the right place. We deal in all kinds of luxury cars and offer the best prices for your wheels. If the model of your vehicle is no older than 2005 and you’re looking to upgrade to something new, then contact us right now.

Locations to Sell My Car

Our services are available across Southern California. Our main areas of operation include the following cities and counties: