Pontiac G8 Used Prices Slide, Buick LaCrosse Strengthens
Late-model used-car prices declined for the sixth straight month in December, dropping on average $115 from Nov. 1 to Dec. 1 to $21,711. That's the lowest average price we've seen in Cars.com's national used-car inventory since February 2012.
GM models topped both our list of the biggest drops and highest increases. Last offered as a 2009 model and beloved by car enthusiasts, the Pontiac G8 saw the biggest price decrease for the month. The sport sedan shed 7% (about $1,600) of its average asking price, settling at $22,456. Perhaps the looming winter months are motivating sellers of this rear-wheel-drive car. Prices for used Chrysler 200s and Mitsubishi Endeavors also declined by 7%, but they saw smaller dollar-amount decreases.
On the other end of the spectrum, the Buick LaCrosse sedan's average asking price increased by 7% (also about $1,600) to $23,226. Mitsubishi Galant prices also advanced 7%.
The chart below details the top 10 used cars from the 2009 to 2011 model years with the biggest price drops — as well as the 10 with the biggest increases. To be eligible for the list, a model had to have 500 cars in Cars.com's national inventory.
Source: Cars.com used-car listings, 2009 to 2011 model years
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wow
Finally. Been waiting forever for G8 prices to fall. They are worth every penny, but the gap between the G8 and the Chevy SS is finally coming to end, and I expect G8 prices to continue their slide... especially after the SS is unveiled later this month.