By Mike Hanley on January 23, 2014
Average prices for late-model used cars fell to $23,237 in January. That's a decline of $307, or 1.3 percent, from December 2013. Prices for the Volt and Leaf, however, fell by considerably higher percentages; the average price of a used Volt was down 4.7 percent to $26,614 while the Leaf was at $20,148, a 3.6 percent decline.
Winter's grip on the country — and relatively steady gas prices — may be bolstering prices for used luxury SUVs, which managed to grab five of the 10 spots on the list of used cars with the biggest January price gains. The Land Rover Range Rover's 5.6 percent price increase to $72,356 led all models. The British luxury brand was well-represented this month as three of its other models appear in the top 10.
The charts below detail the used cars from the 2011 to 2013 model years with the biggest price drops — as well as those with the biggest gains. To be eligible for the lists, a model had to have at least 250 cars in Cars.com's national inventory.
Source: Cars.com used-car listings, 2011 to 2013 model years
Senior Editor Mike Hanley is a father of three boys; he reviews new cars, admires classic cars and has embraced the minivan lifestyle. Email Mike