Wednesday, November 26, 2014

Used-Car Prices Reach New Low in November

2012-audi-a6

Black Friday deals may be on the minds of many shoppers right now, but it's also a good time to grab a deal on a used car. Since April, when prices were at their peak for the year, late-model used-car prices have fallen every month thereafter and currently average $21,758 — a decrease of $1,660.

Prices for used Audi A3 and A6 cars surged last month, but they gave up their gains and then some in November. A3 prices fell 6.6 percent ($1,590) this month to lead all models, and the A6 was second with a 5.6 percent ($2,087) drop. The all-electric Nissan Leaf had the third-largest decrease in asking price with a 4.7 percent ($821) decline.

Related: More Used Car News

As Audi prices weakened, Mercedes-Benz prices strengthened. There were just eight models in November that saw their average prices increase, but four of them were from the luxury brand including the S-Class flagship sedan, which led all models with a 1.4 percent ($810) gain. The Infiniti M37 sedan was next with its average price up 1.1 percent ($344), and following it was the Mercedes M-Class SUV, which saw its price rise 0.8 percent ($311).

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

Uc-drop-nov
Uc-INCREASE-nov
Source: Cars.com used-car listings, 2011 to 2013 model years

Cars.com photo by Evan Sears



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