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10 Biggest Used Car Price Drops

December 26, 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, overall used car prices in December hit a new low for 2013, averaging about $700 less than at the start of the year.

On the list of the top 10 price drops are the Mitsubishi Outlander with a 3.5% drop, BWM Z4 with a 2.9% decrease, and Mercedes-Benz E-Class with a drop of 2.9%. On the flipside, the BMW X3, Porsche 911 and GMC Sierra 1500 all increased in price.

Biggest Price Drops

VehicleDec. Avg. PriceDifference from Nov.% Change
Mitsubishi Outlander$18,155.00-$668.00-3.5%
BMW Z4$37,581.00-$1,108.00-2.9%
Mercedes-Benz E-Class$37,311.00-$1,100.00-2.9%
BMW 128i$24,723.00-$729.00-2.9%
Infiniti M37$31,624.00-$923.00-2.8%
Mercury Mariner$16,883.00-$482.00-2.7%
Kia Sedona$17,413.00-$479.00-2.7%
Mercury Milan$14,615.00-$403.00-2.7%
Kia Rio$11,850.00-$326.00-2.7%
Ford Flex$22,529.00-$612.00-2.6%

Biggest Price Increases

VehicleDec. Avg. PriceDifference from Nov.% Change
BMW X3$32,493.00$330.001.0%
Porsche 911$94,882.00$527.000.6%
GMC Sierra 1500$29,001.00$58.000.2%

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

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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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