Used BMW X5 Prices Surge in February
Late-model used-car prices held steady in February, with the average asking price in Cars.com vehicle listings falling just $12 from the month before to $22,650.
The top 10 models with the biggest price drops saw considerably steeper declines over the same timeframe of Jan. 1 to Feb. 1. The Chevrolet Express 3500 registered the biggest fall as the heavy-duty full-size van saw its average asking price slip 12% to $21,679, a decline of $2,847. Another Chevrolet, the Corvette sports car, saw the biggest pure-dollar decrease with a $3,091 price drop, but a higher overall price means the decline was just 5%.
Meanwhile, prices for the BMW X5 luxury SUV surged 8% ($3,662) in February to $49,512. It was followed by the Subaru Impreza (up 6%) and Jeep Grand Cherokee (up 4%).
The charts below detail 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.