Prospective used car buyers are finally getting some relief — prices have been dropping in recent months. An analysis by iSeeCars.com found that used car prices fell 2% in November 2022, followed by a 3% drop in December 2022.
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“We’re still a long way from ‘normal’ but there are clear signs the elevated prices of the past two-plus years are coming to an end,” Karl Brauer, executive analyst at iSeeCars.com, said in a news release. “It was easy to predict, given the macroeconomic factors we’ve seen over the past six months. With everything from inflation to interest rates hitting peak numbers, there was no way the upward pressure on car values could continue. The next big question is: how far and how fast will car prices fall?”
While that remains to be seen, buyers can take advantage of the reduced prices that are currently available. iSeeCars.com identified the 10 used car models with the biggest price drops from September to December 2022. Keep reading to see how much the prices of these models have changed in just three months.
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