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Posted at 07:37 AM ET, 06/21/2013

Used-Car Price Slide Accelerates in June


(Cars.com)

Late-model used-car prices fell steeply in June, experiencing the biggest month-over-month drop of the year to date. The average price of 2010 to 2012 used cars listed on Cars.com fell 1.4% to $22,188, or $320 less than in May. That's the lowest average price so far this year, undercutting the prior low recorded just last month .

The percentage change in price for both the cars with the biggest price drops and those with the biggest increases was tightly grouped, with just a 1% difference separating the 10 cars with the biggest price drops, and a 5% difference among models with the biggest price increases.

The Audi A6 luxury sedan, Toyota Camry Hybrid sedan and Ford E-250 Super Duty full-size van all saw a 4% price decrease, with the A6 experiencing the biggest dollar-amount decrease of $1,404 for that group. For the top 10 as a whole, the Ram 2500 actually saw the largest dollar-amount decrease of $1,451. Another hybrid, the iconic Toyota Prius, also cracked the top 10 with a 3% drop in price to $20,462, on average, despite gas prices still at elevated levels across the country.


(Cars.com)

High gas prices weren't enough to keep GMC Yukon XL prices at bay, as the full-size SUV's average price jumped 7% ($2,612) to $42,326 to lead all models with the largest price increase in June. Its shorter-wheelbase sibling, the Chevrolet Tahoe, also made the list with a 2% price increase to $37,916.


(Cars.com)

These charts detail the top 10 used cars from the 2010 to 2012 model years with the biggest price drops and biggest increases. To be eligible for the list, a model had to have 500 cars in Cars.com's national inventory.

Source: Cars.com used-car listings, 2010 to 2012 model years

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By Cars.com  |  07:37 AM ET, 06/21/2013

 
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