Used Luxury-Car Prices Fall Again in April, Mainstream Models Rise

By Mike Hanley  on April 25, 2014

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Luxury models again dominated the list of used cars with the biggest price drops, with nine of the cars in this month's top 10 from traditional luxury brands. Hyundai's full-size Equus sedan — a luxury car from a non-luxury brand — took the 10th spot. Luxury models have made up the majority of cars in the top 10 every month so far this year.

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The average asking price for Land Rover's flagship Range Rover SUV dropped the most in April, falling 4 percent ($2,871). The Audi A3 and Mercedes-Benz CLS-Class round out the top three with price drops of 3.1 percent ($752) and 2.9 percent ($1,730), respectively.

The list of cars with the biggest April price gains was considerably more varied, with everything from heavy-duty pickup trucks to an electric car. The Chevrolet Express 1500 full-size van had the largest jump in asking price with a 2.9 percent ($594) increase. Close behind were the GMC Sierra 3500 and Nissan Leaf, which were up 2.6 percent ($1,158) and 2.5 percent ($488), respectively.

After a couple months of mostly static average used-car prices, asking prices ticked up in April. Late-model used-car prices were up .75 percent ($175) from the prior month to $23,418. The increase might be a reflection of more shopping activity as the spring selling season begins following a long, cold winter in many parts of the country.

The charts detail 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.

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Source: Cars.com used-car listings, 2011 to 2013 model years

Cars.com photo by Evan Sears


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


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