The Best Used Car Bargains
If you're in the market for a compact or subcompact used car, now might be the best time to buy. That's because right now car buyers are paying 2% and 2.8% less, respectively, for those types of vehicles than they did a year ago.
And compacts and subcompacts are not the only used car segment seeing price drops on vehicles five years old or younger, according to Edmunds.com. Prices on minivans are also 2% lower than they were a year ago. Midsize cars are seeing a 1.6% price drop, while prices on large cars are down by 0.5%. And if you've been itching to buy an entry-level sports car, shoppers for those vehicles are seeing a 2.1% price decrease.
On the flipside, certain used car segments are seeing price increases on vehicles that are five years old or less. For instance, used vans saw the largest price increase, up 6.6% compared to last year. Pricing on trucks are up 4.9%, while large SUVs are seeing a 3% increase.
Below is a look at all how all vehicle segments fared in the first quarter of 2015. As always, I recommend you use TrueCar No Haggle and Edmunds Price Promise to see vehicle pricing in your local area.
Image courtesy Edmunds.com
My Recommendation for Car ShoppersTrueCar, 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.
- 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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