Biggest Price Drops on Popular Used Cars
According to automotive research site CarGurus, used car prices have dropped an average of 4.1% since September.
Some popular models have seen their prices drop by as much as 15%.
CarGurus believes prices are set to rise again beginning next year, so if you're in the market for a used car, you need to act soon.
Here are the largest price drops in the past 3 months on the most popular used vehicles.
| Vehicle Type | Year/Model | Price on 9/9/11* | Price on 12/9/11* | Price Change |
Small/Midsize Cars |
2007 Toyota Prius | $17,902 | $15,269 | -15% ($2,633) |
| 2007 Hyundai Accent | $9,714 | $8,678 | -13% ($1,349) |
|
| 2008 Ford Focus | $13,822 | $12,302 | -11% ($1,520) |
|
| 2008 Honda Civic | $16,632 | $14,837 | -11% ($1,798) |
|
| 2007 Volkswagen Jetta | $15,186 | $13,563 | -11% ($1,623) |
|
| 2008 Hyundai Elantra | $12,945 | $11,646 | -10% ($1,299) |
|
| 2007 Mazda Mazda3 | $13,575 | $12,249 | -10% ($1,326) |
|
| 2006 Toyota Corolla | $11,764 | $10,685 | -10% ($1,199) |
|
| Minivans and SUVs | 2007 Kia Sedona | $13,599 | $12,147 | -11% ($1,452) |
| 2008 Dodge Grand Caravan | $16,925 | $15,312 | -10% ($1,613) |
|
| 2008 Ford Escape Hybrid | $20,302 | $18,331 | -10% ($1,901) |
|
| 2006 Lincoln Navigator | $20,543 | $18,521 | -10% ($2,022) |
*The prices noted above are an average of thousands of listings analyzed by CarGurus, including cars with different trims, mileage and options.
Current market value for specific trims, mileage and options in any given zip code can be found at (CarGurus.com/dealfinder)
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