The cars Sacramento drivers just don’t keep very long, study says
A new study found that while only 3.4 percent of new cars are resold within the first year of ownership, some brands—mosty notably German and British luxury vehicles—are cast aside much more frequently.
Automotive research firm and car search engine iSeeCars.com analyzed more than 46 million indiviual new car sales to determine how many are resold as used within the first year with at least 1,000 miles on the odometer. The top 10 models, the study concluded, are given up more than 2.5 times the average.
Eight of the top 10 models are from luxury brands, with an even split between German and British automakers. Nissan, which has two models in the top 10, stands out as the only non-luxury automaker making the top 10 list, according to iSeeCars.com.
Broken down by area, the study found drivers in the Sacramento-Stockton-Modesto demographic resell these cars the most within the first year of ownership:
- Mercedes Benz C-Class, 20.1% resold within first year.
- BMW 3 Series, 14.6%
- Acura TLX, 9.6%
- Nissan Sentra, 8.7%
- Nissan Versa, 7.1%
Nationally, the Mercedes-Benz C-Class compact executive car was at the top of the list, with 12.4 percent of its new cars resold on the used car market within the first year, which is 3.7 times the average for all vehicles. German automaker BMW has the most models on the list: the second-ranked 3 Series, the sixth-ranked X1, and the seventh-ranked X3.
“Despite the popularity of these vehicles, they generally have below-average reliability ratings from Consumer Reports, which could contribute to why owners get rid of them so quickly,” said iSeeCars CEO Phong Ly in a statement. “Another possible explanation is that BMW and Mercedes offer incentives to their dealers to buy new cars to use as loaner vehicles, which are then sold as used when they are still under a year old. In turn, this boosts the brand’s new car sales and introduces current customers to new models when they bring in their vehicles for service.”