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% |
My Recommendation for Car Shoppers
TrueCar No-Haggle, CarsDirect, and NADAGuides are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. 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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