10 Used Cars That Have Gotten Cheaper Over the Past Year

Good news for car buyers — used cars have become more affordable over the past year, with the overall average price dropping 3.6% from February 2023 to February 2024, iSeeCars reported. Some used car models have seen particularly steep declines, including several EVs.

“EVs make up seven of the top 10 models that lost the most value this year,” Karl Brauer, executive analyst at iSeeCars, said on the site. “Older EVs like the Chevrolet Bolt and Nissan LEAF lost the most value, but three of Tesla’s four models are also among the top 10 cars that lost value.”

See the complete list of the 10 used cars that dropped in price the most over the past year, ranked from largest to smallest drop.

• Average used car price: $17,981
• Year-over-year price difference (in dollars): -$7,847
• Year-over-year price difference (percent change): -30.4%

• Average used car price: $17,895
• Year-over-year price difference (in dollars): -$7,329
• Year-over-year price difference (percent change): -29.1%

• Average used car price: $24,802
• Year-over-year price difference (in dollars): -$9,236
• Year-over-year price difference (percent change): -27.1%

• Average used car price: $23,474
• Year-over-year price difference (in dollars): -$7,710
• Year-over-year price difference (percent change): -24.7%

• Average used car price: $60,943
• Year-over-year price difference (in dollars): -$19,919
• Year-over-year price difference (percent change): -24.6%

• Average used car price: $30,466
• Year-over-year price difference (in dollars): -$9,681
• Year-over-year price difference (percent change): -24.1%

• Average used car price: $58,875
• Year-over-year price difference (in dollars): -$15,144
• Year-over-year price difference (percent change): -20.5%

• Average used car price: $29,003
• Year-over-year price difference (in dollars): -$5,534
• Year-over-year price difference (percent change): -16%

• Average used car price: $28,965
• Year-over-year price difference (in dollars): -$4,958
• Year-over-year price difference (percent change): -14.6%

• Average used car price: $48,362
• Year-over-year price difference (in dollars): -$8,238
• Year-over-year price difference (percent change): -14.6%

Data is sourced from iSeeCars and is accurate as of March 8, 2024.