It’s no secret that used car prices are up. Compared to last year, the average cost has increased by 3.7 percent—or $1,146. While many prices have skyrocketed—some by as much as 11.7 percent—not every automaker is seeing an increase. And that’s good news for you, the consumer.
A recent study by iSeeCars analyzed used car prices in July and found that five automakers actually saw price decreases compared to last year. The biggest drop was 5.3 percent, translating to a $1,657 year-over-year difference.
Other brands saw more modest declines. One automaker’s used car prices dropped by just 0.7 percent (or $155), while another saw a decrease of 1.6 percent (or $531).
With prices continuing to rise across much of the market, these five brands stand out—and are worth considering when shopping for your next used car.
5. Nissan: -0.7%
Photo by: Nissan
- Year-Over-Year Difference: -$155
- Average Price July: $22,995
Nissan is no stranger to challenges, but if you’re in the market for a used Altima or Versa, it could be one of your best options. The company saw prices for its used vehicles drop by 0.7 percent compared to last year—a difference of $155. In July, the average price for a used Nissan was just $22,995, with the Altima seeing a 2.6 percent decrease year-over-year.
4. Dodge: -1.6%
Photo by: Brian Silvestro / Motor1
- Year-Over-Year Difference: -$531
- Average Price July: $33,353
Dodge recently introduced its new Charger and Hornet models, but the American automaker is already struggling to maintain used car prices. Compared to last year, prices for used Dodge vehicles are down 1.6 percent—a difference of $531. As of July, the average price of a used Dodge on dealer lots is $33,353.
3. Chrysler: -2.7%
- Year-Over-Year: -$709
- Average Price July: $25,867
With the discontinuation of the 300 sedan in 2023, Chrysler now has just one vehicle in its lineup: the Pacifica minivan (or two, if you count the Voyager). That shift may make it easier to find a deal on the luxury sedan, as Chrysler has seen a 2.7 percent drop in used car prices—a $709 decrease compared to last year. The average price for a used Chrysler currently sits at $25,867.
2. Chevrolet: -2.8%
Photo by: Chevrolet
- Year-Over-year: -$913
- Average Price July: $31,891
With such a robust lineup, it’s surprising to see Chevrolet on this list. Yet the American automaker saw its used car prices fall by 2.8 percent year-over-year—a decrease of $913. The average price for a used Chevy now sits at $31,891. The biggest mover was the Chevrolet Corvette Convertible, which saw its price drop by 2.2 percent, or $1,935, compared to last year.
1. Tesla: -5.3%
Photo by: Tesla
- Year-Over-Year: -$1,657
- Average Price July: $29,877
Tesla tops the list with a 5.3% year-over-year drop in used vehicle prices—a decline of $1,675. The average price for a used Tesla in July was just under $30,000. Among all used cars on the market, the Tesla Model S, Model Y, and Model X experienced the steepest price declines, falling by 12.3%, 12.3%, and 12.1%, respectively.
“With used electric vehicle prices still dropping and Tesla having the largest share of the used EV market, it’s not surprising to see that brand losing the most value,” said iSeeCars Executive Analyst Karl Brauer.
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