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10 Biggest Used Car Price Drops

February 18, 2016

As with everything that's for sale, prices can fluctuate. And when it comes to used cars, those prices can fluctuate by a great deal.

According to Cars.com, BMW had a number of vehicles with big price drops in January, including the BMW 740i with the largest price drop last month of 5.9%, as well as the BMW 750i and 528i (both with 4% price drops) and BMW 535i (-2.8%).

On the flip side, the GMC Savana 2500 experienced the largest price increase in January, with used car prices raising 3.9%. Other big used car price increasers included the Nissan Murano (+2.9%), Lincoln MKT (+2.1%), and Hyundai Genesis (+1.5%).

If you're currently shopping for a car, I recommend you use TrueCar No Haggle and Edmunds Price Promise to see the best prices being offered in your local area.

Biggest Used Car Price Drops

VehiceAvg. Jan. PriceDifference from Dec.% Change
BMW 740i$47,550-$2,960-5.9%
Mercedes-Benz SL-Class$68,931-$3,034-4.2%
BMW 750i$56,023-$2,358-4.0%
BMW 528i$36,829-$1,539-4.0%
Audi A8$53,950-$2,136-3.8%
Mini Cooper Hardtop$19,925-$717-3.5%
Audi A6$36,789-$1,260-3.3%
Volksagen Tiguan$20,276-$655-3.1%
Infiniti Q40$28,513-$893-3.0%
BMW 535i$40,726-$1,190-2.8%

Biggest Used Car Price Increases

VehiceAvg. Jan. PriceDifference from Dec.% Change
GMC Savana 2500$24,196$9183.9%
Nissan Murano$25,461$7092.9%
Ford Edge$25,141$5662.3%
Lincoln MKT$31,768$6502.1%
Infiniti QX80$57,894$9511.7%
Ford Expedition EL$38,214$5601.5%
Hyundai Genesis$29,208$4371.5%
Lincoln Navigator$44,795$5401.2%
Infiniti FX37$32,130$3951.2%
Nissan Xterra$22,740$2621.2%

My Recommendation for Car Shoppers

TrueCar No-Haggle, Edmunds Price Promise, 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

Gregg Fidan

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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