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10 Biggest Used Car Price Drops

May 30, 2013

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, late-model used car prices saw a dip in May, putting them at the lowest average price so far this year.

On the list of the top 10 price drops are the Lexus ES 350 (8% drop), Kia Sedona (7% drop), and Mercedes-Benz S-Class (4% drop). On the flipside, there's also some late-model used cars that have gone up in price, such as the Ram 2500 (up 4%) and GMC Canyon (up 3%). Below is a look at the top 10 price increases and decreases on used cars.

10 Biggest Price Drops

VehicleMay Average PriceDifference from Apr.% Change
Lexus ES 350$30,735-$2,682-8%
Kia Sedona$18,478-$1,321-7%
Mercedes-Benz S-Class$77,335-$3,262-4%
Buick Lucerne$20,781-$820-4%
Land Rover Range Rover$67,747-$1,826-3%
Lexus LS 460$50,967-$1,511-3%
GMC Acadia$28,833-$777-3%
Lexus HS 250h$27,425-$713-3%
Chevrolet Traverse$24,041-$685-3%
Chevrolet Sonic$14,684-$471-3%

10 Biggest Price Increases

VehicleMay Average PriceDifference from Apr.% Change
Ram 2500$42,658$1,5494%
GMC Canyon$22,356$6923%
Porsche 911$104,463$2,2452%
Porsche Panamera$84,607$1,8032%
Infiniti QX56$47,315$1,0122%
GMC Sierra 2500$38,445$8712%
Dodge Charger$24,648$5622%
Jeep Patriot$17,347$3872%
Mitsubishi Lancer$17,269$3552%
Chrysler Sebring$14,857$3122%

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My Recommendation for Car Shoppers

TrueCar, RydeShopper, and CarsDirect 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.
- 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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