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Best & Worst Used Car Values
August 25, 2016
If you're looking for the best deal on a used car, you should be focusing on the subcompact models - that's according to Edmunds.com Used Vehicle Market Report, which came out this week.
Prices in the sub-compact segment were down over 6% compared to a year ago, while other used car segments such as compact pickup trucks actually increased by over 10%.
Take a look at the best and worst used car segments below.
As always, if you're shopping for a new car right now, I recommend you use TrueCar No Haggle and CarsDirect to quickly see the best deals being offered in your area.
Best Used Car Values
| Vehicle Segment | Avg Price Q2 2015 | Avg Price Q2 2016 | Q2 2016 vs. Q2 2015 |
|---|---|---|---|
| Subcompact Car | $12,233 | $11,461 | -6.30% |
| Compact Car | $12,397 | $12,153 | -2.00% |
| Midsize Car | $14,039 | $13,892 | -1.00% |
| Large Crossover SUV | $22,310 | $22,182 | -0.60% |
| Premium Luxury Car | $45,291 | $45,442 | 0.30% |
| Overall | $18,854 | $19,367 | 2.70% |
Worst Used Car Values
| Vehicle Segment | Avg Price Q2 2015 | Avg Price Q2 2016 | Q2 2016 vs. Q2 2015 |
|---|---|---|---|
| Compact Truck | $17,235 | $18,978 | 10.10% |
| Large Traditional SUV | $24,652 | $26,852 | 8.90% |
| Premium Luxury SUV | $37,626 | $40,531 | 7.70% |
| Midsize Traditional SUV | $20,883 | $22,477 | 7.60% |
| Large Car | $14,249 | $15,315 | 7.50% |
| Overall | $18,854 | $19,367 | 2.70% |
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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- The Best & Worst Time to Buy a Car
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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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