Biggest Price Drops on Popular Used Cars
Some popular models have seen their prices drop by as much as 15%.
CarGurus believes prices are set to rise again beginning next year, so if you're in the market for a used car, you need to act soon.
Here are the largest price drops in the past 3 months on the most popular used vehicles.
| Vehicle Type | Year/Model | Price on 9/9/11* | Price on 12/9/11* | Price Change |
Small/Midsize Cars |
2007 Toyota Prius | $17,902 | $15,269 | -15% ($2,633) |
| 2007 Hyundai Accent | $9,714 | $8,678 | -13% ($1,349) |
|
| 2008 Ford Focus | $13,822 | $12,302 | -11% ($1,520) |
|
| 2008 Honda Civic | $16,632 | $14,837 | -11% ($1,798) |
|
| 2007 Volkswagen Jetta | $15,186 | $13,563 | -11% ($1,623) |
|
| 2008 Hyundai Elantra | $12,945 | $11,646 | -10% ($1,299) |
|
| 2007 Mazda Mazda3 | $13,575 | $12,249 | -10% ($1,326) |
|
| 2006 Toyota Corolla | $11,764 | $10,685 | -10% ($1,199) |
|
| Minivans and SUVs | 2007 Kia Sedona | $13,599 | $12,147 | -11% ($1,452) |
| 2008 Dodge Grand Caravan | $16,925 | $15,312 | -10% ($1,613) |
|
| 2008 Ford Escape Hybrid | $20,302 | $18,331 | -10% ($1,901) |
|
| 2006 Lincoln Navigator | $20,543 | $18,521 | -10% ($2,022) |
*The prices noted above are an average of thousands of listings analyzed by CarGurus, including cars with different trims, mileage and options.
Current market value for specific trims, mileage and options in any given zip code can be found at (CarGurus.com/dealfinder)
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The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:Step 1 Get Prices From My Trusted Network
Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).Step 2 Get Prices From TrueCar / CarsDirect
TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.Step 3 Complete my Checklist
Follow this up with my checklist to make sure you squeeze out every last bit of savings.- Gregg Fidan
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- 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 The Author
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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