Land Rover Range Rover Sport Pricing Analysis: Memphis, TN Market Report

Pricing Analysis by Model Year

Key Insights

• Significant Depreciation for Older Models: The 2020 Range Rover Sport shows a steep decline, priced at $24,186, which is ~64.8% below MSRP. This trend continues with older models, indicating strong depreciation.
• Recent Models Retain Value: The 2024 model is currently priced at $70,996, reflecting a −15.6% depreciation from its MSRP, suggesting a relatively stable demand for newer vehicles.
• Best Value Year: The 2022 model offers the best value with a current average price of $37,081, which is −47.7% below its original MSRP, making it an attractive option for buyers.

Model Year Pricing

Pricing in Nearby Cities

Market Area: Greater Memphis Region

Key Insights

• Highest Prices in Little Rock: The average price in Little Rock, AR is $53,810, indicating a premium market likely driven by limited inventory.
• Lowest Prices in Jonesboro: Conversely, Jonesboro, AR offers the lowest average price at $29,391, suggesting a more price-sensitive market with higher inventory.
• Inventory Levels Impact Pricing: Cities with higher listings, such as Jackson, TN (727 listings), show moderate pricing at $38,356, indicating a balance between supply and demand.

City-Level Pricing

Pricing by Trim Packages

Key Insights

• Most Common Trim: The P400 Dynamic SE AWD is the most listed trim with 82 listings, indicating strong demand for this configuration.
• Premium Pricing for High-End Trims: The P530 Autobiography AWD has the highest MSRP at $120,900, reflecting its luxury features and positioning in the market.
• AWD Dominance: All trims listed are AWD, highlighting a market preference for all-weather capability.

Trim-Level Details

These recommendations are based on CarGurus' proprietary market data from August 6, 2026, CarGurus experts' opinions, and generative AI.