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10 Biggest Used Car Price Drops
January 3, 2013
As with everything that's for sale, prices can fluctuate - sometimes they go up, while other times they go down.
According to Cars.com, late-model used car prices declined for the sixth straight month in December, dropping to the lowest average price since February 2012.
On the list of the top 10 price drops are the Chrysler 200 (7% drop), Volkswagen Passat (6% drop), and Dodge Charger (5% drop). On the flipside, there's also some late-model used cars that have gone up in price, such as the Buick LaCrosse (up 7%) and Jeep Wrangler (up 2%).Below is a look at the top 10 used cars with price increases and decreases.
Top 10 Biggest Price Drops
| Vehicle | Dec. 1 Average Price | Difference from Nov. 1 | % Change |
|---|---|---|---|
| Pontiac G8 | $22,456 | -$1,592 | -7% |
| Chrysler 200 | $17,384 | -$1,312 | -7% |
| Mitsubishi Endeavor | $17,370 | -$1,299 | -7% |
| Dodge Dakota | $19,028 | -$1,272 | -6% |
| Volkswagen Passat | $17,569 | -$1,133 | -6% |
| Ford Fiesta | $14,025 | -$870 | -6% |
| Mercedes-Benz GL-Class | $47,492 | -$2,544 | -5% |
| BMW 328i | $28,485 | -$1,636 | -5% |
| Dodge Charger | $19,657 | -$1,029 | -5% |
| Ford E-350 Super Duty | $18,616 | -$950 | -5% |
Top 10 Biggest Price Increases
| Vehicle | Dec. 1 Average Price | Difference from Nov. 1 | % Change |
|---|---|---|---|
| Buick LaCrosse | $23,226 | $1,616 | 7% |
| Mitsubishi Galant | $14,787 | $928 | 7% |
| Scion xB | $14,921 | $542 | 4% |
| Porsche 911 | $89,285 | $2,569 | 3% |
| Hyundai Tucson | $19,440 | $501 | 3% |
| Infiniti QX56 | $41,893 | $898 | 2% |
| Toyota FJ Cruiser | $26,825 | $583 | 2% |
| Jeep Wrangler | $24,583 | $558 | 2% |
| Scion tC | $15,740 | $372 | 2% |
| Toyota Yaris | $11,912 | $253 | 2% |
3 Steps Every Car Buyer Needs to Take to Save Maximum Money
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).Select Vehicle to Get Local Pricing
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
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