Used car prices have been elevated for the past two years, but the good news is that they are on the decline. According to a recent study conducted by iSeeCars, “used car prices fell by 2% in November, followed by a 3% drop in December.” That may not sound like much, but in the grand scope of the market, it’s a sizeable difference. To look at the price reductions on a more granular level, here are five used cars with the largest price drops.

5. Toyota RAV4

coupe, sedans, used cars

The 2019 Toyota RAV4 Hybrid | Toyota

The Toyota RAV4 is one of the most legendary stalwarts in the crossover category. It offers buyers a comfortable ride, a choice of fuel-efficient powertrains, and all-wheel drive capability for tougher roads and trails. It’s no wonder, then, that the demand for the RAV4 has remained high despite the price hikes.

Fortunately, the average used car price for a RAV4 saw an 8.9% drop from September to December last year, which equated to a price of $28,383 as of last month, according to iSeeCars. That’s great news for anyone looking to get into Toyota’s most popular SUV.

4. Hyundai Ioniq Hybrid

coupe, sedans, used cars

2021 Hyundai Ioniq | Hyundai

The Hyundai Ioniq Hybrid is a great alternative to a mileage champion like the Toyota Prius. Car and Driver notes that the Ioniq is “perfect for folks who want a hybrid or plug-in hybrid hatchback that doesn’t call attention to itself and drives like a regular car.” Of course, buyers can expect to get around 50 mpg on average with the Ioniq Hybrid.

They can also expect to pay an average price of $20,542 as of last month. According to the data from iSeeCars, the Ioniq’s average price dropped by 11% from September to December, which is a massive difference.

3. Ford Mustang

coupe, sedans, used cars

2022 Ford Mustang Coupe | Ford

There’s almost no other sports car more iconic than the Ford Mustang. This American muscle car gives buyers a choice between a fuel-efficient yet powerful turbocharged four-cylinder and a potent V8 engine. Additionally, this power can be had at a fair price.

The data shows that the average price of a Ford Mustang fell by 11.5% in the last quarter. That means that buyers can expect to see an average cost of $26,852 when shopping for a Mustang.

2. Nissan Kicks

coupe, sedans, used cars

Nissan Kicks | Nissan

The Nissan Kicks is a small SUV that provides excellent road manners and a fuel-efficient 122-hp engine. It’s also filled with tech-savvy features like an 8-inch touchscreen and adaptive cruise control, in addition to ample cargo and storage spaces. Did we mention that it’s cheap?

As of the end of last year, the Nissan Kicks held an average price of $20,046, which is down by 11.9% from September 2022. There’s nothing wrong with a fuel-saving small SUV that will save you money at the dealer as well.

1. Tesla Model 3

coupe, sedans, used cars

Blue 2022 Tesla Model 3 | Tesla


coupe, sedans, used cars
coupe, sedans, used cars

Tesla price cuts across the board have been the talk of the automotive world lately. A decrease in demand has led to a decrease in overall prices. One such Tesla is the Model 3, which provides buyers a gateway into electric car ownership in addition to all kinds of advanced technological features.

iSeeCars found that the prices for the Tesla Model 3 dropped by 16.8% in the final quarter of last year. That means prospective buyers can expect to pay around $43,817 for one. That may seem high for an entry-level electric car, but that price is better than it was in the last couple of years.

“The pricing shifts since September show which models have taken the biggest hit in recent months, such as the Tesla Model 3 losing nearly 17 percent of its value, and the Nissan Kicks, Ford Mustang, and Hyundai Ioniq Hybrid all down over 10 percent.”

Karl Brauer, Executive Analyst at

The five used cars with the largest price drops

Used car prices have been slightly elevated over the past couple of years; however, prospective buyers can now breathe a sigh of relief. Although the price drops seem small across the board, the savings can be seen in certain high-interest models. Some of those models are the five used cars listed here, so if buyers are looking for the best deals, these models are a great place to start.


3 Most Reliable Lexus Models

While there are a few automotive brands out there known for being reliable, one of the top companies with several durable models in its lineup is Lexus. Which vehicles are the top three for being reliable rides? Why does reliability matter? Lexus logo | Getty Images When you buy a ...

View more: 3 Most Reliable Lexus Models

The Cheapest New Dodge Charger Is a Versatile Sedan Option With One Big Issue

The Dodge Charger offers everything from a sensible V6 and all-wheel drive to supercharged tail-happy sports sedans. Better yet, the cheapest offering in the model’s lineup, the SXT, is versatile and well-suited for daily driving. However, the 2023 Dodge Charger SXT has one glaring issue: it’ll be the last car ...

View more: The Cheapest New Dodge Charger Is a Versatile Sedan Option With One Big Issue

Cheapest New Audi Is 1 of the Best Small Luxury Cars, Says Car and Driver

Audi has a solid lineup of luxury vehicles — with their good driving dynamics, premium features, and attractive designs. Also, compared to some other luxury brands, Audi models are relatively affordable. This includes the 2023 Audi A3 subcompact sports sedan, which is the cheapest new Audi car. Also, according to ...

View more: Cheapest New Audi Is 1 of the Best Small Luxury Cars, Says Car and Driver

GM Just Announced An All-New Small-Block V8 Is Coming

The electrification zeitgeist is in full swing, but gasoline-powered engines won’t disappear overnight. Nor will V8 power, as GM just confirmed a new small-block V8 engine is coming soon. This will be the sixth generation of the legendary small-block V8 that has powered so many Chevy and GM products since ...

View more: GM Just Announced An All-New Small-Block V8 Is Coming

Best car tool kits 2023

Whether you're looking for an emergency set of basic tools or something more comprehensive, a good tool kit can save you lots of stress – but who makes the best?...

View more: Best car tool kits 2023

The Lectron Adapter Will Let You Charge a Ford Lighting at a Tesla Station

Electric vehicle charging ports are mess. Some use one type developed in Europe, others use a Japanese system, and then Teslas use their own. But, what about those who have access to a Tesla charger, but want to charge something else, like a Ford F-150 Lightning? The Ford F-150 Lightning ...

View more: The Lectron Adapter Will Let You Charge a Ford Lighting at a Tesla Station

How Much Does a Nissan Tune-up Cost, and What Do They Do?

Keeping up with your Nissan‘s regular maintenance means you get optimal performance and fewer chances of major breakdowns. With that, you save on fuel costs and significant repairs and avoid the inconvenience of your car breaking down or stalling in the middle of the road. Naturally, tune-ups are a considerable ...

View more: How Much Does a Nissan Tune-up Cost, and What Do They Do?

How Does the New Corvette E-Ray Stack Up Against Hybrid Hypercars?

The new 2024 Chevrolet Corvette E-Ray isn’t just the latest stage in the Corvette’s evolution into a world-class supercar. Instead, it’s a reminder that the latest generation of plastic fantastic can punch well above its weight class. For instance, the new hybrid Corvette is quick enough to compete with several ...

View more: How Does the New Corvette E-Ray Stack Up Against Hybrid Hypercars?

4 Snow Plow Safety Tips When Encountering These Vehicles on the Road

Alpine is Coming to the U.S, but it’s Not Bringing the Goods

What’s the Toyota Highlander Hybrid Towing Capacity?

1990s GMC Typhoon: There’s Never Been an SUV That Can Beat It

Your 2022 Ford Maverick Might Have Faulty Airbags

This Older Porsche Infotainment Upgrade Helps Modernize Your 911 and Cayenne

Only 1 Type of Buyer Should Even Consider the 2022 Jeep Compass

3 Most Common GMC Sierra 1500 Problems Reported by Hundreds of Real Owners

Incredibly Rare and Awesome Pontiac GTO Judge Sold for $1.5 Million

Is the 2023 Toyota RAV4 Too Old to Keep Up?

Carroll Shelby’s 100th Birthday Honored by Centennial Edition Mustang

The 2016 Hyundai Sonata Got ‘Nearly Everything Right’


Top Car News Car News