Asger Risom
While most used car prices are still climbing, a handful of automakers have bucked the trend, with some seeing drops of more than 5% compared to last year.
While most used car prices are still climbing, a handful of automakers have bucked the trend, with some seeing drops of more than 5% compared to last year.
Price Drops in a Rising Market
Used car prices overall rose 3.7% in July, but iSeeCars found five major brands with year-on-year declines, offering potential bargains for buyers.
Nissan: Down 0.7%
Nissan used car prices fell by $155 on average to $22,995, with the Altima posting a 2.6% drop year-over-year.
Dodge: Down 1.6%
Dodge vehicles saw a $531 decrease to $33,353 on average, despite new models like the Charger and Hornet arriving this year.
Chrysler: Down 2.7%
With its range now limited mainly to the Pacifica minivan, Chrysler’s used car prices slid by $709 to $25,867 on average.
Chevrolet: Down 2.8%
Chevy’s used models fell $913 to $31,891, with the Corvette Convertible alone dropping $1,935 compared to last year.
Tesla: Down 5.3%
Tesla saw the steepest fall, with prices averaging $29,877 — $1,657 less than last year — as used EV values continue to slide.
