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U.S. Patent No. 12,236,477 — Patented Automotive Data Standardization Technology
OAV

2024 Lexus IS 350 F SPORT

2024 Lexus ISView this vehicle at lexus of new orleans →

Vehicle Details

VINJTHGZ1B28R5075438
Trim350 F SPORT
Exterior ColorWhite
DrivetrainRWD
Engine3.5L V6
TransmissionAutomatic
Fuel TypePremium Unleaded
Inventory Typeused
Days on Lot6

350 F SPORT

Overpriced
$47,82511,601 mi

Metairie, LA 70003

Is this 2024 Lexus IS 350 F SPORT a good deal?

OAV verdict: Overpriced

Why: Listed at $47,825, comparable market range $40,436–$47,793, based on 26 comparable listings.

Market context (not a verdict input): Listed 6 days.

Market price position

$47,825 · $32 above market high

Comparable range
$40,436 – $47,793
vs. market high
+ $32 (0% above)
Comparable vehicles
26

Market Retail Price (MRP™)

$44,115

This vehicle $47,825 · $3,710 (8%) above MRP

MRP™ is the midpoint of the comparable market range — the representative price the market is asking for similar vehicles. How MRP works.

True Retail Value (TRV™)

$46,600

This vehicle $47,825 · $1,225 (3%) above TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-09-26) — an estimate, not an appraisal. How TRV works.

Comparable vehicles nationally recently sold in an estimated 14–48 days.

Lexus Of New Orleans

Metairie, LA

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About This 2024 Lexus IS

Listing updated: Sep 26, 2026

Listed by a franchise dealer in Metairie, LA · On lot for 6 days · VIN verifiable at NHTSA

This used 2024 Lexus IS 350 F SPORT is listed at $47,825 by lexus of new orleans in Metairie, LA 70003. It has 11,601 miles on the odometer (dealer-reported, not independently verified by OAV). The exterior color is White. It features a RWD drivetrain with a 3.5L V6 engine and Automatic transmission.

OAV's independent, evidence-backed Price-to-Market analysis rates this vehicle as Overpriced — priced above the supported comparable range. Based on 26 comparable listings matched to this vehicle, the estimated market range is $40,436 to $47,793. These comparisons match year, make, and model, using trim where the data supports it. OAV does not adjust comparable prices for mileage — every price shown is the real advertised price. On used vehicles, mileage can still cause OAV to withhold a verdict — very high or unreliable mileage, or a lower price better explained by higher-than-typical mileage than by a genuine market discount — rather than call it a deal it can't support.

This vehicle has been on the lot for 6 days.

Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477). Verdict methodology ptm-verdict-v1 · snapshot Sep 26, 2026. The comparable band (patent pending) is the input; ptm-verdict-v1 is the versioned OAV rule set that turns it into this verdict.

Market context

This listing is part of OAV's broader Metairie, LA sedans market analysis. OAV rates each vehicle against its comparable range and comparable count — local-first, widening the comparison set only when local inventory is too thin to support a reliable range; days-on-lot and demand signals are shown separately, not as verdict inputs.

How this deal is rated

OAV compares this 2024 Lexus IS against similar vehicles currently available for sale — same make, model, and year range, using trim where the data supports it. OAV does not adjust comparable prices for mileage; on used vehicles it withholds a verdict when mileage would distort the comparison — very high or unreliable mileage, or a lower price better explained by higher-than-typical mileage than by a genuine market discount — rather than overstate a deal. Based on where this listing falls in that comparable set, it is rated:

  • Great Deal — priced below the comparable-range floor by at least OAV's minimum-gap margin; a smaller gap under the floor is Fair Price.
  • Fair Price — priced within the comparable range, or below the floor by less than that margin.
  • Overpriced — priced above the comparable range.
  • Unscored — OAV withholds a verdict when the evidence cannot support one: too few or too widely spread comparables, a price it cannot validate, a branded or salvage title, or mileage that would distort the comparison. The listing stays visible; only the rating is withheld.

Listings show OAV's Price-to-Market verdict and live market context for every dealer's inventory, whether or not the dealer has any relationship with OAV. A dealer that claims its listings can manage its profile and have buyer inquiries routed to it directly. A paying partner's own listings additionally carry an OAV Verified Partner label on the dealer contact block and a link to the dealer's own listing page. That is the complete list of what a relationship with OAV changes, and all of it concerns the dealer's identity on its own listings. Payment never changes a vehicle's verdict, its eligibility to be scored or cited, the evidence shown or withheld, or where and how prominently the listing appears on any OAV page, board, or answer. There is no paid placement, ranking, ordering, verdict badge, or featured position of any kind. OAV sells dealers insight into the evidence, never influence over it.

How this listing is verified

This vehicle listing was aggregated from a franchise dealer in Metairie, LA, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN JTHGZ1B28R5075438 can be independently verified via the U.S. Department of Transportation's NHTSA VIN decoder, and safety recalls at NHTSA's recall database.

Vehicle attributes (year, make, model, trim, mileage, location) are standardized using OAV's patented vehicle market standardization technology (U.S. Patent No. 12,236,477), which normalizes naming conventions and deduplicates cross-listed inventory across the dealership network. Listing data is processed daily; Price-to-Market analysis uses comparable vehicles.

2024 Lexus IS Market in LA

LA Market Listings

39

Average Price

$48,066

Price Range

$35,043–$58,602

Avg Days on Lot

40

Based on all 39 2022-2026 Lexus IS listings in the LA market, the average asking price is $48,066. This listing at $47,825 is $241 below the broader LA average (1% below the LA average). This is a wider, all-trim comparison across LA; OAV's price verdict above uses the closer comparable set. Comparable prices in LA range from $35,043 to $58,602. Similar vehicles spend an average of 40 days on dealer lots in this market.

Similar Lexus IS Listings in LA

8 similar listings shown (closest matches by model year and mileage) (subject trim: 350 F SPORT — compare trims below)

This is a broad, statewide same-model set (any trim, mileage, or title) — not the qualified comparable cohort behind the verdict above; lower prices here typically reflect a different trim, higher mileage, or a branded title.