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Low Gas Prices Mean Deals on Used Hybrids

img214738050 1441856426998 jpg 2014 Honda Insight; | Manufacturer image

Even though cars are often owned for years, a quick change in gas prices tends to have an immediate impact on vehicle demand, especially when it comes to fuel-efficient cars.

Related: Labor Day Gas Prices Low, But Premium Gap Grows

Nationally, the average price for a gallon of regular unleaded gas was $2.38 on Sept. 9, according to AAA, which is $1.05 less than it was a year ago and 21 cents less than a month ago. Of the top 10 used cars with the biggest price drops in August, all but one were small, fuel-efficient or hybrid cars. Three of the top five models with the biggest price drops were hybrids.

At the same time, prices for larger used vehicles such as vans, SUVs and pickup trucks strengthened in August. The Chevrolet Express 1500 full-size van and Honda Pilot and Nissan Armada SUVs saw price gains of 3.1, 0.7 and 0.6 percent, respectively. Only one car — the Mercedes-Benz E-Class — had a price increase that was large enough to make the top 10 list.

After falling for four straight months, overall late-model used-car prices were up slightly in August, increasing 0.11 percent ($24) to an average of $22,531.

Editor’s note: 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 must have at least 250 cars in Cars.com’s national search listings.

img 471788144 1441896861771 jpg Cars.com chart by Paul Dolan

 

img1806123828 1441896863343 jpg Cars.com chart by Paul Dolan

Source: Cars.com used-car listings, 2012 to 2014 model years

Photo of Mike Hanley
Mike Hanley has more than 20 years of experience reporting on the auto industry. His primary focus is new vehicles, and he's currently a Senior Road Test Editor overseeing expert car reviews and comparison tests. He previously managed Editorial content in the Cars.com Research section. Email Mike Hanley

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