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Used Cars With the Biggest Price Drops
May 2, 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 deal.
According to Cars.com, late-model used car prices saw a 0.21% increase in April, after seeing declines for the last two months.
On the list of the top 10 price drops are the GMC Canyon (18% drop), Jeep Wrangler (7% drop), and Fiat 500 (6% drop). On the flipside, there's also some late-model used cars that have gone up in price, such as the Chevrolet Suburban (up 19%) and Kia Sedona (up 10%). Below is a look at the top 10 price increases and decreases on used cars.
10 Biggest Price Drops
| Vehicle | Mar. Average Price | Difference from Feb. | % Change |
|---|---|---|---|
| GMC Canyon | $21,664 | -$4,671 | -18% |
| Jeep Wrangler | $25,528 | -$1,874 | -7% |
| Fiat 500 | $15,817 | -$997 | -6% |
| Mitsubishi Lancer | $16,914 | -$765 | -4% |
| Volkswagen Beetle | $18,699 | -$698 | -4% |
| Jaguar XF | $40,402 | -$1,287 | -3% |
| Acura MDX | $35,515 | -$1,211 | -3% |
| Infiniti M37 | $37,667 | -$1,143 | -3% |
| Mercedes-Benz C-Class | $31,902 | -$1,137 | -3% |
| Volkswagen CC | $22,047 | -$771 | -3% |
10 Biggest Price Increases
| Vehicle | Mar. Average Price | Difference from Feb. | % Change |
|---|---|---|---|
| Chevrolet Suburban | $43,407 | $6,980 | 19% |
| Kia Sedona | $19,799 | $1,858 | 10% |
| Lexus ES 350 | $33,417 | $2,877 | 9% |
| Chevrolet Tahoe | $37,824 | $1,938 | 5% |
| Ford E250 | $19,347 | $776 | 4% |
| Scion xB | $15,709 | $562 | 4% |
| Chevrolet Corvette | $56,525 | $1,643 | 3% |
| Ford Mustang | $27,841 | $821 | 3% |
| Volkswagen Routan | $23,027 | $675 | 3% |
| Scion tC | $17,292 | $537 | 3% |
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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