Used car prices are on the rise, but not all brands are following this trend. A recent study revealed that, on average, used car prices have increased by 3.7% from last year, which equals about $1,146. However, five automakers actually experienced price drops, meaning there are still good options for shoppers.
Nissan saw a slight decrease of 0.7%, translating to $155 less than last year, with the average price for a used model at $22,995.
Dodge faced a 1.6% drop, which is a $531 decrease, bringing the average used price to $33,353.
Chrysler’s prices fell by 2.7%, equating to $709 less, and the average price for its used cars is now $25,867.
Chevrolet dropped by 2.8%, totaling a $913 decrease, putting the average price at $31,891.
Finally, Tesla saw the most significant drop at 5.3%, which is $1,657 less. Their used cars average around $29,877, with significant declines in their popular models.
This situation is good news for those looking to buy a used car, particularly from Nissan, Dodge, Chrysler, Chevrolet, or Tesla.
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