Mitsubishi Galant Prices Tumble in January

2009-mitsubishi-galant

Late-model used-car prices dipped slightly in January 2013, dropping about one-half of a percentage point ($101) from December 2012 to $22,662. However, a number of models saw significantly steeper declines. Leading the way was the Mitsubishi Galant.

The now-discontinued family sedan saw its average asking price drop 12% to $13,993, a decrease of nearly $2,000. Other models that have recently met the chopping block — the Mercury Milan and Mazda CX-7 — also saw some of the largest price drops of the month with declines of 4%.

Another Mitsubishi model, the Lancer compact car, saw the biggest price increase of the month with a 5% ($841) jump to $17,672. The Chevrolet Corvette saw the second-largest increase with a 4% rise but the largest dollar jump of $2,528 to $59,017.

The chart below details the top 10 used cars from the 2010 to 2012 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, 2010 to 2012 model years

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Comments 

Soakee

Does anyone really considet the Galant based on it's merits (not price)? It's impossible to understand why Mitsu would kill the Eclipse and still peddle this dinosaur.

Joe

Seems like the new price makes the Galant an affordable family option. Agreed with the poster above that the Eclipse was nice but the Galant probably appeals to more buyers whereas the Eclipse was more of a niche product (racers, younger folks).

Paul B

The Galant was a nicely styled car. The engineering was dismal. Why would anybody want to buy such a poorly engineered car from Mitsubishi? They deliberately design in the need for special tools to remove components. Things like heater cores removal require the entire interior (2000 Galant) to be removed to get the part out. The dash board falls apart and then the dealer wants $1000 for the part. To get both these components replaced was $2300 from the dealer. Point is – When a Mitsubishi product has a KBB value of $4000 or less and needs this type of part replacement, the vehicle is beyond economical repair. Maybe most people have already figured this out and that is why Mitsubishi sales are in the toilet. Don’t buy any Mitsubishi product until they improve their engineering practices. RIP Mitsubishi.

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