The TOP 11 Cars People Get RID Of In The FIRST Year! Which German Brand Has The Most On The List?

The TOP 11 Cars People Get RID Of In The FIRST Year! Which German Brand Has The Most On The List?

In a new study, automotive research firm iSeeCars.com found that while just 1.5% of buyers resell their new cars within the first year of ownership, popular luxury models from BMW and Mercedes-Benz are given up at a much higher rate.

 

iSeeCars.com analyzed more than 24 million individual new car sales and counted how many of those new cars were reselling as used within the first year.  Eleven models in particular saw at least twice the rate of resale of the average car.

New Cars Resold As Used Within the First Year of Ownership

RankModel% Resold As Used Within the First Year
1BMW 3 Series8.0%
2BMW 5 Series7.1%
3Mercedes C-Class6.1%
4Nissan Versa Note4.0%
5Dodge Dart3.9%
6BMW X33.9%
7BMW 4 Series3.9%
8Mercedes E-Class3.9%
9Chrysler 2003.8%
10Subaru WRX3.3%
11Nissan Versa3.2%
Average for all cars1.5%
 

Six of the 11 models are from luxury German automakers BMW and Mercedes-Benz, with BMW claiming the top two spots, as well as sixth and seventh place. The top three models--BMW 3 Series, BMW 5 Series, and Mercedes-Benz C-Class--are all re-sold at rates that are quadruple the average of all models.

"While some might be surprised that these luxury brands top the list, these auto manufacturers offer their dealers incentives to buy new cars to use as loaner vehicles, which are then sold as used when they are still under a year old," explained Phong Ly, CEO of iSeeCars.com. "This is a marketing strategy with a two-fold purpose. It puts brand-new models in the hands of current owners when they bring their cars in for service, increasing the likelihood that they will buy another car from that brand. In addition, it essentially increases the brand's new car sales, which help to give them the ability to claim the title of 'top luxury brand', something that BMW and Mercedes-Benz compete for every year."


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MDarringerMDarringer - 1/23/2019 10:36:21 PM
+1 Boost
The laundering of new cars as dealer loaners and then out as CPO cannot last forever.


jeffgalljeffgall - 1/23/2019 11:20:44 PM
+1 Boost
How many of these are by people who default on a high lease or loan payment?


MDarringerMDarringer - 1/24/2019 8:32:50 AM
0 Boost
Not many. Leases are CHEAP these days.

Two things are true: (1) dealers convert new stock into loaners by selling a car to themselves and then turn them over as CPO. Then (2) you have the ADHD, entitled Millennials who flit from trend to trend without a care for the cost or what it does to their credit. I would wager that very little of the BMWs were to dissatisfaction either.


FoncoolFoncool - 1/24/2019 9:51:55 AM
+1 Boost
On top of that BMW will lease their service loaners and also lease to H1B visa holders something the other captives won’t do.


runninglogan1runninglogan1 - 1/23/2019 11:23:25 PM
+4 Boost
Ouch BMW!


vdivvdiv - 1/24/2019 12:25:39 AM
+2 Boost
Yeah, when the Dodge Dart and Nissan Versa Note beat you, it is time for some serious introspective.


OneOfOneOneOfOne - 1/24/2019 9:50:10 AM
+1 Boost
excuse for bmw and mb is bullshit. when you spend that much money for a car and then on top of that leather ISNT standard you have to expect to get it in the pants. bmw couldnt spell reliability if you spotted them everything but the 'y'. and broke ass clowns who buy based on payment usually look to dump after a few months because they cant afford the thing. notice audi is not on the list.


malba2367malba2367 - 1/24/2019 10:26:26 AM
+2 Boost
This is probably due to BMW dealers “punching” excess inventory and reselling as used. I doubt that 8% of 3 series buyers (actual individual buyers) are ditching their cars in a year.


cidflekkencidflekken - 1/24/2019 2:30:37 PM
+3 Boost
For Benz the total impact would be about 5k cars between the E and C. For BMW it’s larger.




ricks0mericks0me - 1/24/2019 6:58:41 PM
0 Boost
Subaru WRX: Do Not Buy Used. They are ragged out by ricer boyz

Dodge Dart & Nissan Versa: These will be the 1963 Split Window Corvettes Of The Future. You should be stockpiling while the price is low.


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