Top 10 Used Cars with Greatest Year-Over-Year Price Drops
Even second-hand vehicles remain pricey, but these choices can help you make the most of your cash.
Trying to buy a car these days isn't as daunting as it used to be. With more supply and fewer market constraints, some car companies even have excess new inventory. But the used market has been slower to change, as swaths of buyers continue to look for better deals from private parties.
Even so, depreciation remains a harsh reality, and finding a good deal on a late-model luxury car might be easier than you think. With help from iSeeCars, we've compiled a list of the top 10 used cars with the biggest price drops in 2023. Some of these models won't be too surprising, but the effects of a pseudo-EV price war and surging demand for affordable commuter cars are clear. And it's worth remembering that the national average for year-over-year price drops is 3.6%.
A New York transplant hailing from the Pacific Northwest, Emmet White has a passion for anything that goes: cars, bicycles, planes, and motorcycles. After learning to ride at 17, Emmet worked in the motorcycle industry before joining Autoweek in 2022. The woes of alternate side parking have kept his fleet moderate, with a 2014 Volkswagen Jetta GLI and a 2003 Honda Nighthawk 750 street parked in his South Brooklyn community.
Hyundai Will Continue Selling Sedans for Years
Gallery: 2024 Hyundai Sonata Lineup
Gallery: 2024 Hyundai Elantra Lineup
Midsize Cars Struggle to Protect Rear Passengers