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10 Biggest Used Car Price Drops
March 28, 2013
As with everything that's for sale, prices can fluctuate. And when it comes to used cars, those prices can fluctuate by a great amount. According to Cars.com, late-model used car prices saw a slight decline in March, with the average asking price falling by $31 to $22,619 from the month before.
On the list of the top 10 price drops are the BMW X5 (9% drop), Subaru Impreza (6% drop), and Mitsubishi Endeavor (6% drop). On the flipside, there's some late-model used cars that have gone up in price, such as the GMC Canyon (up 21%) and Chevrolet Express 3500 (up 8%). Below is a look at the top 10 price increases and decreases on used cars over the last 30 days.
Be sure to check out the Used Car Classifieds to get an idea of what these vehicles are selling for in your local area.
Top 10 Biggest Price Drops
| Vehicle | Mar. Average Price | Difference from Feb. | % Change |
|---|---|---|---|
| BMW X5 | $44,901 | -$4,511 | -9% |
| Subaru Impreza | $21,918 | -$1,299 | -6% |
| Mitsubishi Endeavor | $16,878 | -$993 | -6% |
| Cadillac Escalade ESV | $57,019 | -$2,143 | -4% |
| Chevrolet Suburban | $36,427 | -$1,575 | -4% |
| BMW 528i | $36,305 | -$1,300 | -3% |
| Cadillac CTS | $34,193 | -$1,055 | -3% |
| Buick Enclave | $30,891 | -$982 | -3% |
| BMW 128i | $27,104 | -$879 | -3% |
| Kia Forte Koup | $15,739 | -$534 | -3% |
Top 10 Biggest Price Increases
| Vehicle | Mar. Average Price | Difference from Feb. | % Change |
|---|---|---|---|
| GMC Canyon | $26,335 | $4,509 | 21% |
| Chevrolet Express 3500 | $23,470 | $1,791 | 8% |
| Jeep Wrangler | $27,402 | $1,806 | 7% |
| Kia Sedona | $17,941 | $713 | 4% |
| BMW 535i | $42,292 | $1,172 | 3% |
| Toyota Tundra | $23,143 | $801 | 3% |
| Dodge Charger | $23,486 | $743 | 3% |
| Chevrolet Captiva Sport | $21,632 | $553 | 3% |
| Chrysler 300 | $24,004 | $510 | 2% |
| Nissan Rogue | $19,238 | $387 | 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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