Why is there so many used Genesis cars?

[Sewy1203]

I see so many used Genesis cars online almost like the majority of people buy it, don't like it and sell it immediately. What's going on?

 

[DaleNet]

When you say a lot, what is a lot and what year models are you talking about? Some people bought to flip and make money. Others indeed returned some because they did not like, or they wanted the newest model due to a change that they liked. A lot of older ones were traded in for the new SUVs and the new body styles of the new sedans.

 

[joegr]

Where are you? Your experience is different to mine. Most used ones I have seen were off of a three year lease.

 

[DaleNet]

Where are you? Your experience is different to mine. Most used ones I have seen were off of a three year lease.

That too.

 

[GarnetTy1473]

The Genesis loaner car program also lets the dealers use them as loaners for 6 months to a year, and then they will go into the dealer's used car inventory.

 

[JCtx]

I wouldn't worry about numbers, but VALUE. If they're depreciating more than other comparable vehicles, that'd be bad. If not, then that's no different than any other brand out there. They're getting sold mostly with a ($2K) markup now, so that's not that bad of news IMO. I bought my 2023 at MSRP though.