CARS.COM — Prices for late-model used luxury cars fell thousands of dollars in January as used SUV values increased. Of the top 10 used cars with the biggest January price drops, eight were from luxury brands. The BMW 740i’s average seller-set asking price slid the most, down 5.9 percent ($2,960) over the course of the month.
When you include the different variants of the 7 Series and 5 Series, BMW had four models in the top 10 while Audi had two. Apart from the Volkswagen Tiguan compact SUV, which saw its average price slip 3.1 percent ($655), all of the models in the top 10 were cars.
At the same time, eight of the 10 models with the largest January price increases were crossovers or SUVs. The GMC Savana 2500 full-size van had the biggest price increase with a 3.9 percent ($918) rise, but the next five models on the list were crossovers or SUVs with price gains from 1.5 to 2.9 percent. The price increases were well above the average for all late-model used cars, which was down 0.3 percent ($80) in January to $23,953.