Top 10 Used SUVs to Buy in February 2024

If you’re on the lookout for a solid SUV that could provide long-term value without breaking the bank, we have good news for you. At Bumper.com, leveraging data from over 40 million vehicles, we’ve pinpointed that now might be the most opportune moment for buyers to take the lead, especially if you consider going second-hand. With notable price reductions in the used SUV market, February 2024 may be the prime time to secure your dream vehicle without jeopardizing your financial stability. 

Key trends in the used SUV category

1. The luxurious bargain hunter’s dream

High-end models such as the Cadillac Escalade and BMW X6 are experiencing significant price drops. For those with a penchant for luxury, this period presents a golden opportunity. Worried that cheap prices might mean you’re getting worn-down vehicles? A thorough vehicle history report can indicate whether these luxury SUVs are as impeccably maintained as their prestigious badges suggest.

2. The mature market marvels

Older models, including the GMC Envoy and Buick Rendezvous, are emerging as judicious selections considering their notable decrease in price. Worried about their condition? A VIN lookup can reveal a vehicle’s detailed history, helping empower buyers to make informed decisions.

3. Adventure awaits with the Jeep Commander

With a 90-day notable price decline, the Jeep Commander, known for its call to the wild, stands out as an attractive pick for adventure seekers desiring both thrill and savings. This trend may signify a shift in consumer preferences as people opt for adventure-focused vehicles without sacrificing financial stability. 

4. The wise mileage play

Although mileage varies, models like the Infiniti FX35 and GMC Yukon XL strike an appealing balance of price reduction and high mileage. Tools like VIN decoding may help potential buyers to verify a vehicle’s mileage history, ensuring the purchase reflects not just the distance traveled so far but also the cherished experiences to come.

5. The importance of VIN vigilance

Amidst these emerging trends, the significance of VIN lookups and decoding cannot be understated. These investigative tools can be pivotal in revealing a used vehicle’s history, from servicing to accident records, which can help in safeguarding your investment and confirming the SUV’s genuine condition and market value.

With these trends in focus, February 2024 is poised to be an advantageous period for those in the market for a used SUV. Whether your aim is luxury on a budget, dependable honesty, or the resources to satisfy your adventurous spirit, Bumper.com’s insights can serve as the roadmap to finding your next automotive gem.

Top 10 vehicles overview

1. Lincoln MKT

The Lincoln MKT takes the lead with its significant yearly price drop, making it a more affordable luxury SUV option. However, it’s older on average than most on the list.

•     Average Price Change YoY: -20.13%
•     Average Age of Vehicle: 9.64 years
•     Average Odometer Reading: 98,033.26
•     Percent of Original Listing Price: 94.30%

2. Jeep Commander

Offering the deepest cut in price over the last 90 days, this option is great for those after a bargain on a rugged SUV, albeit with higher mileage.

•      Average Price Change over 90 days: -48.66%
•      Average Age of Vehicle: 16.77 years
•      Average Odometer Reading: 154,112.05
•      Percent of Original Listing Price: 96.00%

3. Toyota Scion xB

The Scion xB presents a budget-friendly option with a significant drop in price over the year. It’s a compact SUV alternative with reliability as its backbone.

•      Average Price Change YoY: -23.19%
•      Average Age of Vehicle: 13.73 years
•      Average Odometer Reading: 127,504.85
•      Percent of Original Listing Price: 94.50%

4. Cadillac Escalade

As a symbol of luxury, it holds its value well with the smallest yearly price change among the top 4, suited for those valuing prestige alongside functionality.

•    Average Price Change YoY: -6.62%
•    Average Age of Vehicle: 8.34 years
•    Average Odometer Reading: 81,370.47
•    Percent of Original Listing Price: 95.80%

5. BMW X6

The BMW X6 combines sportiness with utility, showing a moderate yearly price drop and relatively lower mileage for its luxury class.

•      Average Price Change YoY: -10.14%
•      Average Age of Vehicle 5.83 years
•      Average Odometer Reading: 49,051.84
•      Percent of Original Listing Price: 95.60%

6. Infiniti FX35

The FX35 hits the sweet spot for those seeking a blend of luxury and sportiness at a depreciated value with a commendable reliability score.

•      Average Price Change YoY: -13.79%
•      Average Age of Vehicle 15.7 years
•      Average Odometer Reading: 136,057.94
•      Percent of Original Listing Price: 94.60%

7. Jaguar F-Pace

Offering a modern touch with the lowest age average among the entrants, the F-Pace is for those wanting a blend of British luxury and performance with a steeper yearly depreciation.

•      Average Price Change YoY: -18.94%
•      Average Age of Vehicle: 4.85 years
•      Average Odometer Reading: 41,870.34
•      Percent of Original Listing Price: 93.50%

8. GMC Envoy

The Envoy presents a durable and affordable option with significant 90-day depreciation, making it an attractive option for budget-conscious buyers wanting an SUV.

•      Average Price Change 90-day: -24.30%
•      Average Age of Vehicle: 18.78 years
•      Average Odometer Reading: 159,738.24
•      Percent of Original Listing Price: 93.50%

9. Buick Rendezvous

A budget-friendly and older SUV, it shows a consistent depreciation, appealing to those in search of a low-cost, practical vehicle.

•     Average Price Change YoY: -13.51%
•     Average Age of Vehicle: 18.99 years
•     Average Odometer Reading: 143,539.23
•     Percent of Original Listing Price: 89.50%

10. GMC Yukon XL

For those needing space and power, the Yukon XL is a large SUV with modest yearly depreciation, making it a high-value pick in its category.

•       Average Price Change YoY: -4.74%
•       Average Age of Vehicle: 7.16 years
•       Average Odometer Reading: 84,735.08
•       Percent of Original Listing Price: 96.70%

Given the variety of vehicles highlighted, from luxurious bargains to adventure-ready models and those striking a balance between price and mileage, our top 10 list serves as a comprehensive guide for prospective buyers. No matter what your priorities may be—whether it’s luxury at an affordable price, a dependable vehicle for daily use, or a capable ride for your next adventure—Bumper.com’s insights aim to help steer you towards the best choices in the current used SUV market.

AI Disclaimer: The images presented here were created using artificial intelligence (AI) technology. While we strive for accuracy, they are artistic representations and may not depict exact or true-to-life details. We do not guarantee the accuracy, relevance, or completeness of any information in these images. For accurate and detailed representations, we recommend consulting the vehicle manufacturer directly.