10 Biggest Used Car Price Drops
January 3, 2013
As with everything that's for sale, prices can fluctuate - sometimes they go up, while other times they go down.
According to Cars.com, late-model used car prices declined for the sixth straight month in December, dropping to the lowest average price since February 2012.
On the list of the top 10 price drops are the Chrysler 200 (7% drop), Volkswagen Passat (6% drop), and Dodge Charger (5% drop). On the flipside, there's also some late-model used cars that have gone up in price, such as the Buick LaCrosse (up 7%) and Jeep Wrangler (up 2%).Below is a look at the top 10 used cars with price increases and decreases.
Top 10 Biggest Price Drops
| Vehicle | Dec. 1 Average Price | Difference from Nov. 1 | % Change |
|---|---|---|---|
| Pontiac G8 | $22,456 | -$1,592 | -7% |
| Chrysler 200 | $17,384 | -$1,312 | -7% |
| Mitsubishi Endeavor | $17,370 | -$1,299 | -7% |
| Dodge Dakota | $19,028 | -$1,272 | -6% |
| Volkswagen Passat | $17,569 | -$1,133 | -6% |
| Ford Fiesta | $14,025 | -$870 | -6% |
| Mercedes-Benz GL-Class | $47,492 | -$2,544 | -5% |
| BMW 328i | $28,485 | -$1,636 | -5% |
| Dodge Charger | $19,657 | -$1,029 | -5% |
| Ford E-350 Super Duty | $18,616 | -$950 | -5% |
Top 10 Biggest Price Increases
| Vehicle | Dec. 1 Average Price | Difference from Nov. 1 | % Change |
|---|---|---|---|
| Buick LaCrosse | $23,226 | $1,616 | 7% |
| Mitsubishi Galant | $14,787 | $928 | 7% |
| Scion xB | $14,921 | $542 | 4% |
| Porsche 911 | $89,285 | $2,569 | 3% |
| Hyundai Tucson | $19,440 | $501 | 3% |
| Infiniti QX56 | $41,893 | $898 | 2% |
| Toyota FJ Cruiser | $26,825 | $583 | 2% |
| Jeep Wrangler | $24,583 | $558 | 2% |
| Scion tC | $15,740 | $372 | 2% |
| Toyota Yaris | $11,912 | $253 | 2% |
My Recommendation for Car Shoppers
TrueCar, Edmunds, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.California Residents - Important:
There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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