Jeep Liberty, Chrysler 300 Used Prices Drop More Than 10% on Cars.com
Average used prices for the Jeep Liberty and Chrysler 300 dropped by 15% and 11%, respectively, over the course of a month when prices for late-model used cars as a whole held steady.
The average asking price on June 1 for a Jeep Liberty from the 2009 to 2011 model years fell by $3,435 to $19,534; the Chrysler 300's asking price sank by $2,501 to $20,373. The average price on Cars.com for all used cars from these model years rose about one-10th of a percent, or $27, to $22,381.
Despite the drops, the Liberty and 300 are still priced higher now than they were a year ago. On June 1, 2011, the Liberty's average price was $19,282 while the 300 averaged $19,607 when looking at a comparable set of used models (2008 to 2010 model years).
The chart below details the top 10 used cars with the biggest price drops — as well as the 10 with the biggest increases. To be eligible for the list, there had to be at least 500 cars in Cars.com's national inventory for a given model — to give potential shoppers a chance at finding one nearby.
Source: Cars.com used-car listings, 2009 to 2011 model years
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Ford, Bantam and Willys were the only to respond. Bantam had been the company that had sparked to whole idea with its roadsters. In 1938, the National Guard had tested the vehicles for utility uses and soon Bantam hired Harry Payne to try to sell the vehicles to the Army. Not much later Army officials had visited the company and set out specifications and designs which prompted a call for 70 pilot models. As a result, Bantam hired an automotive consultant by the name of Karl Probst. He took the position of Chief Engineer on the project for these reconnaissance vehicles and soon these vehicles were seen as very useful machines to the military.