Find the Best Car Deals Near You ⤵
The Best Used Car Bargains
June 4, 2015If you're in the market for a compact or subcompact used car, now might be the best time to buy. That's because right now car buyers are paying 2% and 2.8% less, respectively, for those types of vehicles than they did a year ago.
And compacts and subcompacts are not the only used car segment seeing price drops on vehicles five years old or younger, according to Edmunds.com. Prices on minivans are also 2% lower than they were a year ago. Midsize cars are seeing a 1.6% price drop, while prices on large cars are down by 0.5%. And if you've been itching to buy an entry-level sports car, shoppers for those vehicles are seeing a 2.1% price decrease.
On the flipside, certain used car segments are seeing price increases on vehicles that are five years old or less. For instance, used vans saw the largest price increase, up 6.6% compared to last year. Pricing on trucks are up 4.9%, while large SUVs are seeing a 3% increase.
Below is a look at all how all vehicle segments fared in the first quarter of 2015. As always, I recommend you use TrueCar No Haggle and CarsDirect to see vehicle pricing in your local area.
Image courtesy Edmunds.com
Signup for The Weekly Newsletter
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The AuthorGregg 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.
I welcome your car buying questions. Email Me and I'll be glad to answer them!