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.
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.