Late-model used-car prices set a new low in November with the average price on Cars.com coming in at $22,069 — $112 lower than last month. The half percent price drop from October was the largest change since June of this year.
Prices for used luxury cars continued to see the biggest declines, taking the top four spots in November. The BMW Z4 led all models with a 3.6 percent price drop to $38,689. The asking price for the BMW roadster has been falling by more than $1,000 each month since August, perhaps a reflection of the upcoming winter months. Following the Z4 was the Audi A6, Infiniti M37 and BMW 128i, all of which experienced price drops in excess of 3 percent.