Best & Worst Used Car Values
If you're looking for the best deal on a used car, you should be focusing on the subcompact models - that's according to Edmunds.com Used Vehicle Market Report, which came out this week.
Prices in the sub-compact segment were down over 6% compared to a year ago, while other used car segments such as compact pickup trucks actually increased by over 10%.
Take a look at the best and worst used car segments below.
As always, if you're shopping for a new car right now, I recommend you use TrueCar and Edmunds Price Promise to quickly see the best deals being offered in your area.
Best Used Car Values
| Vehicle Segment | Avg Price Q2 2015 | Avg Price Q2 2016 | Q2 2016 vs. Q2 2015 |
|---|---|---|---|
| Subcompact Car | $12,233 | $11,461 | -6.30% |
| Compact Car | $12,397 | $12,153 | -2.00% |
| Midsize Car | $14,039 | $13,892 | -1.00% |
| Large Crossover SUV | $22,310 | $22,182 | -0.60% |
| Premium Luxury Car | $45,291 | $45,442 | 0.30% |
| Overall | $18,854 | $19,367 | 2.70% |
Worst Used Car Values
| Vehicle Segment | Avg Price Q2 2015 | Avg Price Q2 2016 | Q2 2016 vs. Q2 2015 |
|---|---|---|---|
| Compact Truck | $17,235 | $18,978 | 10.10% |
| Large Traditional SUV | $24,652 | $26,852 | 8.90% |
| Premium Luxury SUV | $37,626 | $40,531 | 7.70% |
| Midsize Traditional SUV | $20,883 | $22,477 | 7.60% |
| Large Car | $14,249 | $15,315 | 7.50% |
| Overall | $18,854 | $19,367 | 2.70% |
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.- Gregg Fidan
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
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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