The Market for Used Luxury Vehicles in Springfield, PA is Plentiful as Ever
Thursday, 17 August, 2017 |Maguire Automotive
Car and Driver and the 2017 National Automobile Dealers Association can agree: it's a buyer's bonanza for market-wide pre-owned vehicle pricing in 2017, and it's a trend that's bound to continue. So what does that mean for our fellow Springfield-area connoisseurs of the luxury drive-time?
J.D. Power researchers note a 13-percent general increase in stock of up-to-five-year-old pre-owned vehicles in 2016, and following that, a towering 33-percent rise in maturation post-lease. Plus, 2016 wholesale used-vehicle prices dropped by around 4 percent, likely to continue in 2017, and with dealer incentives also at an all-time high, quick, and further, depreciation's on the horizon.
David Muller, Car and Driver's consumer editor, says, then, that there are a few things we can count on: a glut of newer vehicles coming off leases, lower prices as they re-enter pre-owned inventories, and, best of all, a huge selection of both used and certified pre-owned vehicles inspected for quality.
The key takeaway here is that although new vehicles can depreciate rapidly, luxury cars can depreciate even more quickly, resulting in a top-tier driving experience available to you at a value to excel. That reduction in initial investment requirement means fewer taxes and fees as well as a lower insurance premium. Likewise, though regular maintenance and discretionary repairs can be pricey, the fact's still offset by a sticker value often far lower than that of new, and most recent high-end cars evince durability in any event that trumps what may look like a sizable odometer mileage. But perhaps best of all for Springfield, PA drivers in search of premium pre-owned vehicles, some of the most sought-after luxury-model lines change little, so the classic look and feel remains even to the modern day.
You can take in the full gamut of the well-appointed experience here at Maguire Automotive. Our 135 S Chester Pike showroom here in Glenolden, PA is home to offerings from top-tier automakers like CADILLAC, Jaguar, Lexus, Mercedes-Benz, Porsche, and more. Our ever-changing inventory's sure to showcase models now and in the future to pique your interest, so if you're eager to take the grand tour, stop by from Springfield today. Our luxury aficionados will be happy to make introductions!