Report: GM Cars in Ignition-Cylinder Recall Selling for Less

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A new report by iSeeCars.com says cars involved in the most serious of GM's ignition-related recalls have lower prices on the used-car market. The Woburn, Mass.-based automotive site, and Cars.com partner, analyzed more than 11 million cars for sale and found the listed price of recalled cars has dropped more than double the rate of non-luxury used cars in general.

More on GM's Ignition Recalls

The website looked at listed prices for the 2005-2007 Chevrolet Cobalt, 2007 Pontiac G5, 2003-2007 Saturn Ion, 2006-2007 Chevrolet HHR, 2006-2007 Saturn Sky and 2006-2007 Pontiac Solstice. All six models were among the 2.2 million cars recalled in the U.S. between Feb. 25 and April 9 for faulty ignition switches and then, ultimately, faulty ignition cylinders.

By Kelsey Mays | July 25, 2014 | Comments (3)

Used-Car Prices Fall for Third Straight Month in July

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Late-model used-car prices dipped below $23,000 in July for the first time this year, settling at $22,919. That's a 0.78 percent drop from June, and it's the third month in a row that prices have dropped.

Related: What’s the Most Affordable Car in 2014?

The Hyundai Sonata Hybrid's price fell the most in July, dropping 3.2 percent ($653) to $19,511. The only other alternative-fuel car in the top 10 list is the Chevrolet Volt range-extended electric car, and all of the other models are from luxury brands.

By Mike Hanley | July 25, 2014 | Comments (0)

IIHS: These Used Cars Are Safer for Teen Drivers

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Teen driving statistics are scary: The Centers for Disease Control and Prevention report that car crashes are the leading cause of death for U.S. teens and in 2010 seven teens died every day from crash-related injuries. What's worse is that according to the Insurance Institute for Highway Safety, many teens drive vehicles that don't protect them very well in an accident. Since the IIHS estimates that 83 percent of parents who buy a vehicle for their teen purchase a used car, the agency just released its first list of used vehicles that cost less than $20,000 and are recommended as safe for teen drivers.

More Safety News

IIHS suggests that parents choose lower-horsepower larger vehicles that are equipped with electronic stability control. The cars on its list range in price from $4,000 for a 2005 Saab 9-3 to $19,900 for a 2011 Buick Enclave. Click here for more from our friends at USA Today and check out the IIHS's full list of recommended vehicles here.

Noel Hendrickson/Digital Vision/Thinkstock

By Jennifer Geiger | July 16, 2014 | Comments (10)

Nissan Leaf Used Prices Drop Most in June

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Gas prices may be on the rise, but that's not necessarily bolstering demand for used electric cars. The all-electric Nissan Leaf saw the biggest price drop in June; asking prices for late-model used Leafs dipped 4.2 percent ($819) to $18,692 on average. The Chevrolet Volt, an electric car with a range-extending gas generator, experienced the fourth-biggest price drop, with its average price falling 2.9 percent ($710) to $23,984.

Meanwhile, the Chevrolet Express 3500 full-size van had the biggest price gain in June, up 2.1 percent ($513) to $24,908. Rounding out the top three were the Porsche Boxster convertible, up 1.8 percent ($959), and the Lincoln MKS luxury sedan, which gained 1.5 percent ($430).

By Mike Hanley | June 24, 2014 | Comments (1)

Report: Average Car on U.S. Roads Still 11.4 Years Old

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A new report by IHS Automotive says the average car on U.S. roads is 11.4 years old, which is the same as last year. The data reflects a plateau — if temporary — of America's aging vehicle fleet. Last year's 11.4-year average was the eighth straight year of increasing vehicle age.

Top 10 Used Cars for $10K

There are about 252.7 million light vehicles (i.e., not semitrailers or other heavy-duty commercial vehicles) on the road, which works out to around 79.5 cars per 100 Americans. That's up from 2013 (79 cars per 100 Americans) but down from the recession (83.2 cars per 100 Americans in 2007 and 2008) according to data from the U.S. Census Bureau and Polk. IHS purchased Polk, an analytics firm, in 2013.

IHS projects the average car's age will stay the same next year and then gradually rise to 11.7 years by 2019.

Cars.com photo by Joe Wiesenfelder

By Kelsey Mays | June 9, 2014 | Comments (7)

Used Audi Sedan Prices Drop in May

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If you're shopping for a used Audi sedan, you're in luck; asking prices for the A4, A6 and A8 saw some of the biggest drops in May. The luxury brand's flagship A8 full-size sedan led all models with a 4 percent ($2,490) drop to $59,784.

More Used Car News

The most expensive car in this month's top 10 lists — the Mercedes-Benz SL-Class convertible — tied with the Chevrolet Express 1500 full-size van when looking for the biggest price jump. Both were up 3.3 percent.

By Mike Hanley | May 29, 2014 | Comments (0)

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

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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.

More Used Car News

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.

By Mike Hanley | April 25, 2014 | Comments (2)

Used Luxury-Car Prices Continue Slide in March

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Models from luxury brands accounted for seven of the top 10 used cars with the biggest price drops in March. That's the same number of luxury brands we saw on the list last month. Overall used-car prices held mostly steady in March, down just $6 to an average of $23,243.

Used Luxury-Car Prices Drop Most in February

Luxury brands had the majority of cars on the list, but the Chevrolet Volt extended-range electric car experienced the biggest price drop. It was down 3.1 percent ($811) to $25,000. This winter has not been kind to used Volt prices, which are down 10.5 percent ($2,922) since Dec. 1, 2013.

By Mike Hanley | March 27, 2014 | Comments (4)

Top 10 Used Cars for $10K

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Although new cars offer the latest design, tech and safety features, shoppers buy more of their used counterparts: about 2.7 used cars for every new car sold in 2013, according to CNW Marketing Research. It's hard to blame shoppers. The average new car sells for around $30,000. By contrast, the average used car sold in early January 2014 for $10,843 at franchised dealerships (e.g., Bob's Honda) and $9,513 at independent dealerships (e.g., Bob's Used Cars), according to CNW.

Top 10 Cheapest New Cars You Can Buy

The age of paying $10,000 for a brand-new car is in the rearview mirror. So what are the best used cars for $10,000? We crunched a lot of data, and from a pool of more than 60 candidates, here are our top 10 cars, listed alphabetically.

By Kelsey Mays | March 17, 2014 | Comments (13)

Used Luxury-Car Prices Drop Most in February

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Average prices for late-model used cars advanced slightly in February, increasing just $12 to $23,249 as of Feb. 1. Prices for used luxury models, however, were on the decline as seven of the 10 models with the biggest price drops were from the luxury class.

Study: Men Want Luxury Cars, Women Want Crossovers

The top five models with the biggest price drops were luxury models, and all saw their prices dip by more than 3 percent. The Cadillac DTS' price dropped the most, falling 3.6 percent ($1,025) to $27,634. Aside from the BMW X3 compact luxury crossover, which saw its price drop 3.3 percent ($1,233), all of the models in the top 10 were cars.

By Mike Hanley | February 21, 2014 | Comments (0)

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