Used SUV Prices Increase in April as Luxury Cars Fall
After two straight months of modest declines, late-model used-car prices saw a 0.21% increase in April to $22,667, on average. That’s right about where prices were in January for 2010-2012 models.
Gas prices have been on the decline in recent weeks for most of the country, which might explain the appearance of two large Chevrolet SUVs — the Suburban and Tahoe — among the 10 models with the biggest price increases this month. The average asking price for Suburbans shot up 19%, or nearly $7,000, to $43,407 while Tahoe prices were at $37,824, a 5% gain.
The chart below details the top 10 used cars from 2010 to 2012 model years with the biggest price drops — as well as the 10 with the biggest increases. To be eligible for the list, a model had to have 500 cars in Cars.com’s national inventory.
Source: Cars.com used-car listings, 2010 to 2012 model years
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