Used-Car Prices Fall for Eighth Month in a Row
Late-model used-car prices sank $115 to $21,643 in December. This is the lowest prices have been all year; they’re down 6.9 percent ($1,594) since the beginning of the year.
Fiat 500c prices dropped the most this month. The subcompact car was down 4.6 percent ($741) to $15,495. The Ford Ranger pickup truck and Dodge Grand Caravan minivan followed it, with declines of 3.4 percent ($600) and 3 percent ($516), respectively.
Related: More Used-Car News
Prices for used luxury cars, particularly those from Mercedes-Benz, continue to strengthen. For the second month in a row, the Mercedes S-Class flagship sedan had the biggest price increase. It was up 2.1 percent ($1,200) to $59,145. The Mercedes M-Class SUV came next, with its price up 1.9 percent ($708). Following it was the Toyota Sequoia SUV, which was up 1.6 percent ($649).
The charts detail used cars from the 2011 to 2013 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 inventory.
Source: Cars.com used-car listings, 2011 to 2013 model years
Cars.com photo by Ian Merritt
