Used luxury cars became more affordable in January, with seven of the 10 models with the biggest price drops hailing from luxury brands.
Average asking prices for Mercedes-Benz’s flagship S-Class sedan fell the most last month, down 4.2 percent ($2,757) to $63,563. Close behind were two models from rival BMW: the 535i midsize car and Z4 sports car. Their prices declined 4.1 percent ($1,869) and 4 percent ($1,685), respectively.
Meanwhile, four of the top five models with the greatest price gains were versions of two full-size vans: the Chevrolet Express and Ford E-Series. The Express 1500 had the biggest price increase, up 4.8 percent ($1,014), and the E-250 Super Duty was a close second with a 4.5 percent ($1,015) jump.
The charts detail used cars from the 2012 to 2014 model years with the biggest price drops and increases. To be eligible for the lists, a model had to have at least 250 cars in Cars.com’s national search listings.
Source: Cars.com used-car listings, 2012 to 2014 model years
Cars.com photo by Evan Sears