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10 Biggest Used Car Price Drops
February 18, 2016
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, BMW had a number of vehicles with big price drops in January, including the BMW 740i with the largest price drop last month of 5.9%, as well as the BMW 750i and 528i (both with 4% price drops) and BMW 535i (-2.8%).
On the flip side, the GMC Savana 2500 experienced the largest price increase in January, with used car prices raising 3.9%. Other big used car price increasers included the Nissan Murano (+2.9%), Lincoln MKT (+2.1%), and Hyundai Genesis (+1.5%).
If you're currently shopping for a car, I recommend you use TrueCar No Haggle and CarsDirect to see the best prices being offered in your local area.
Biggest Used Car Price Drops
| Vehice | Avg. Jan. Price | Difference from Dec. | % Change |
|---|---|---|---|
| BMW 740i | $47,550 | -$2,960 | -5.9% |
| Mercedes-Benz SL-Class | $68,931 | -$3,034 | -4.2% |
| BMW 750i | $56,023 | -$2,358 | -4.0% |
| BMW 528i | $36,829 | -$1,539 | -4.0% |
| Audi A8 | $53,950 | -$2,136 | -3.8% |
| Mini Cooper Hardtop | $19,925 | -$717 | -3.5% |
| Audi A6 | $36,789 | -$1,260 | -3.3% |
| Volksagen Tiguan | $20,276 | -$655 | -3.1% |
| Infiniti Q40 | $28,513 | -$893 | -3.0% |
| BMW 535i | $40,726 | -$1,190 | -2.8% |
Biggest Used Car Price Increases
| Vehice | Avg. Jan. Price | Difference from Dec. | % Change |
|---|---|---|---|
| GMC Savana 2500 | $24,196 | $918 | 3.9% |
| Nissan Murano | $25,461 | $709 | 2.9% |
| Ford Edge | $25,141 | $566 | 2.3% |
| Lincoln MKT | $31,768 | $650 | 2.1% |
| Infiniti QX80 | $57,894 | $951 | 1.7% |
| Ford Expedition EL | $38,214 | $560 | 1.5% |
| Hyundai Genesis | $29,208 | $437 | 1.5% |
| Lincoln Navigator | $44,795 | $540 | 1.2% |
| Infiniti FX37 | $32,130 | $395 | 1.2% |
| Nissan Xterra | $22,740 | $262 | 1.2% |
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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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
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