As we previously reported, a recent iSeeCars report confirmed what used car buyers have been seeing for months. Prices have been going up, and you can now expect to pay almost 10% more for a used car than you would have in October 2019. That’s partly because there’s more demand for used cars but also because people are holding onto the cars they already have. So until something changes, don’t be surprised if prices continue to rise.
But just because the typical used BMW 5 Series is more than 25% more expensive than it was a year ago, that doesn’t mean all used cars have appreciated. If you need to replace your current car, definitely take a look at the cars on this list, as well as the longer version we linked to above.
Compared to the Cadillac SRX it replaces, the XT5 is a big improvement. It’s been a few years, but the last time we drove one, it proved to be seriously comfortable. The only real downside was the infotainment system and the Cadillac badge on the hood (if that’s something you care about).
We also had a feeling the XT5 would prove to be a better value proposition on the used market. Looking at the current numbers, it appears we were right. The average price of $29,608 is down $1,495 or 4.8% for the year.
Regardless of what you think about the Buick brand, the Envision is a pretty good looking crossover. The redesigned version appears to be better all around, but hey, we’re hunting for bargains here. And at a time when the typical used car is gaining value, the Envision is still headed down.
With an average used price of $23,072, a used Envision is $1,304 less expensive than it was a year ago. That works out to a price drop of about 5.3%. That’s not huge, but in this economy, we’ll take it.
It’s unfortunate that minivans aren’t as popular as they used to be because they’re so ridiculously practical. And if you thought the 1999 Honda Odyssey was family-friendly, the Pacifica may blow your mind. Especially when you see how much you could save on gas with the hybrid version.
The Pacifica also continues to depreciate, which is good news for families that can’t afford to spend $50,000 on a newer, fancier Sienna. The average price is currently $23,608, $1,364 or 5.5% lower than it was last year.
The Ford EcoSport hasn’t exactly received stellar reviews, so it isn’t terribly surprising to see it on this list. On the other hand, demand for subcompact crossovers is pretty darn high, so you’d think that would’ve helped the EcoSport do a little better. Either way, it’s small and has a cool side-hinged tailgate.
With an average used price of $16,995, the EcoSport is now $16,995. That’s down $1,479 or exactly 8.0%. Even if it’s not the best subcompact crossover, that price makes the EcoSport look much more tempting.
It’s really too bad the Chevrolet Volt never caught on. It was a great little car and showcased some incredible engineering. Maybe the advertising could have done a better job of communicating how cool the Volt really was, but we wouldn’t be surprised if used EVs are a bigger part of why the Volt has depreciated so much.
A typical Volt today goes for $16,510. That’s a drop of $1,512 or 8.4%. If you’d like to try owning an electric car but aren’t sure you can fully commit just yet, a used Volt should definitely be on your radar.