October Used-Car Prices Hold Steady Near June Low


Used luxury-car prices continued sliding for a third straight month in October as overall used-car prices remained steady near the low of $22,153 reached in June. The average price on Oct. 1 for late-model used cars listed on Cars.com was $22,181.

Four of the top 10 models with the biggest price drops this month were luxury cars. A non-luxury model, the Nissan Quest minivan, led all vehicles with a 3.6 percent price decrease of $848 from the month before. Immediately following it were three luxury models: the BMW Z4 (down 3.4 percent), Land Rover Range Rover (down 3.2 percent) and Infiniti M37 (down 2.9 percent). The M37 and Z4 experienced some of the biggest price drops last month, too.

Several luxury models, primarily full-size SUVs, bucked that trend by registering modest price gains. The average price for the Infiniti QX56 jumped 1.4 percent ($701) while the Cadillac Escalade ESV and Mercedes-Benz GL-Class prices were up just 0.1 percent.

The charts 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 gains. To be eligible for the lists, a model had to have 500 cars in Cars.com's national inventory.


Source: Cars.com used-car listings, 2010 to 2012 model years

Research Luxury Cars
Used Cars for Sale
Read More Automotive News

By Mike Hanley | October 28, 2013 | Comments (0)


Post a Comment 

Please remember a few rules before posting comments:

  • If you don't want people to see your email address, simply type in the URL of your favorite website or leave the field empty.
  • Do not mention specific car dealers by name. Feel free to mention your city, state and brand.
  • Try to be civil to your fellow blog readers. This blog is not a fan or enthusiast forum, it is meant to help people during the car-buying process and during the time between purchases, so shoppers can keep a pulse on the market.
  • Stay on topic. We want to hear your opinions and thoughts, but please only comment about the specified topic in the blog post.
view posting rules

If you have a TypeKey or TypePad account, please Sign In

Search Results

KickingTires Search Results for

Search Kicking Tires

KickingTires iPhone App