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10 Biggest Used Car Price Drops
February 27, 2014
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, the average price for a late-model used car in February rose slightly -- by $12 -- to $23,249 compared to January.
If you're in the market for a luxury car, you're in luck as the largest price drops were in that area. The Cadillac DTS had the largest price decrease, dropped 3.6% from January. Following closely behind is the Mercedes-Benz CLS-Class with a 3.5% price drop, and the Acura TL with a 3.4% decrease.
On the flipside, the Ford F-250, Mercedes-Benz SL-Class and BWM 740i all saw the largest increase in price over January's sales.
If you're considering any of these cars, remember to use TrueCar Pre-Negotiated Prices to find local dealers who are most willing to negotiate on these vehicles.
Biggest Price Drops
| Vehicle | Feb. Avg. Price | Difference from Jan. | % Change |
|---|---|---|---|
| Cadillac DTS | $27,634 | -$1,025 | -3.6% |
| Mercedes-Benz CLS-Class | $59,830 | -$2,143 | -3.5% |
| Acura TL | $28,409 | -$1,011 | -3.4% |
| BMW X3 | $36,160 | -$1,233 | -3.3% |
| Lincoln MKS | $28,050 | -$923 | -3.2% |
| Chevrolet Volt | $25,811 | -$803 | -3% |
| Ford C-Max Hybrid | $23,349 | -$703 | -2.9% |
| BMW 535i | $40,327 | -$1,097 | -2.6% |
| Buick Lucerne | $19,873 | -$511 | -2.5% |
| Cadillac CTS | $31,651 | -$790 | -2.4% |
Biggest Price Increases
| Vehicle | Feb. Avg. Price | Difference from Jan. | % Change |
|---|---|---|---|
| Ford E-250 | $21,398 | $605 | 2.9% |
| Mercedes-Benz SL-Class | $80,602 | $924 | 1.2% |
| BMW 740i | $52,354 | $644 | 1.2% |
| Honda Insight | $15,294 | $177 | 1.2% |
| Toyota Sequoia | $42,032 | $459 | 1.1% |
| Volkswagen Beetle | $18,792 | $197 | 1.1% |
| Nissan Titan | $26,476 | $255 | 1% |
| Hyundai Azera | $22,612 | $232 | 1% |
| Chevrolet Express 2500 | $22,612 | $232 | 1% |
| Honda Accord Crosstour | $21,229 | $184 | 0.9% |
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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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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