Used Luxury-Car Prices Fall Again in April, Mainstream Models Rise

2013-lr-rr

Luxury models again dominated the list of used cars with the biggest price drops, with nine of the cars in this month's top 10 from traditional luxury brands. Hyundai's full-size Equus sedan — a luxury car from a non-luxury brand — took the 10th spot. Luxury models have made up the majority of cars in the top 10 every month so far this year.

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The average asking price for Land Rover's flagship Range Rover SUV dropped the most in April, falling 4 percent ($2,871). The Audi A3 and Mercedes-Benz CLS-Class round out the top three with price drops of 3.1 percent ($752) and 2.9 percent ($1,730), respectively.

The list of cars with the biggest April price gains was considerably more varied, with everything from heavy-duty pickup trucks to an electric car. The Chevrolet Express 1500 full-size van had the largest jump in asking price with a 2.9 percent ($594) increase. Close behind were the GMC Sierra 3500 and Nissan Leaf, which were up 2.6 percent ($1,158) and 2.5 percent ($488), respectively.

After a couple months of mostly static average used-car prices, asking prices ticked up in April. Late-model used-car prices were up .75 percent ($175) from the prior month to $23,418. The increase might be a reflection of more shopping activity as the spring selling season begins following a long, cold winter in many parts of the country.

The charts detail used cars from the 2011 to 2013 model years with the biggest price drops — as well as those with the biggest gains. To be eligible for the lists, a model had to have at least 250 cars in Cars.com's national inventory.

APRIL-DOWN

APRIL-UP

Source: Cars.com used-car listings, 2011 to 2013 model years

Cars.com photo by Evan Sears

Comments 

Good to see that the Land Rover has dropped it price, but considers to provide solid quality. The utilities they include, are worth every penny.

Tom

Prices keep dropping because entry level cars are getting better. More features, better build means less reason to step up to so called "luxury" cars. Add to that the publics shrinking disposable income and forget about it. Time for luxo car prices to come back down to earth.

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