Toyota
- Used vehicle prices are finally coming back to Earth, which is great news for car shoppers.
- In December, prices were 3% lower than in the same month of 2021.
- Some models, like the Toyota RAV4 and Tesla Model 3, are getting cheaper more quickly than others.
Rick Bowmer/AP Photo
Pablo Monsalve/VIEWpress/Getty Images
Joe Raedle/Getty Images
Read more: Car prices could drop 20% next year. Here’s where to expect the best deals first.
Spencer Platt/Getty Images
AP Photo/David Zalubowski
The firm analyzed sales of 1-5-year-old cars, excluding any models that were discontinued as of 2022 or were on sale for 3 or fewer model years in the period studied.
Read more: Car buying is never going back to normal
Hollis Johnson
- Average used price (December 2022): $44,447
- Price change from September-December: -$3,228
- Percent drop from September-December: -6.8%
Toyota
- Average used price (December 2022): $25,521
- Price change from September-December: -$1,912
- Percent drop from September-December: -7.0%
Ford
- Average used price (December 2022): $20,064
- Price change from September-December: -$1,515
- Percent drop from September-December: -7.0%
GMC
- Average used price (December 2022): $30,922
- Price change from September-December: -$2,590
- Percent drop from September-December: -7.7%
Jaguar
- Average used price (December 2022): $35,221
- Price change from September-December: -$3,052
- Percent drop from September-December: -8.0%
Toyota
- Average used price (December 2022): $28,383
- Price change from September-December: -$2,766
- Percent drop from September-December: -8.9%
Hyundai
- Average used price (December 2022): $20,542
- Price change from September-December: -$2,527
- Percent drop from September-December: -11.0%
Ford
- Average used price (December 2022): $26,852
- Price change from September-December: -$3,495
- Percent drop from September-December: -11.5%
Nissan
- Average used price (December 2022): $20,046
- Price change from September-December: -$2,718
- Percent drop from September-December: -11.9%
Tesla
- Average used price (December 2022): $43,817
- Price change from September-December: -$8,822
- Percent drop from September-December: -16.8%
Read more: Used Tesla prices are plummeting four times faster than other cars