Trying to find a car for your teenager? Or trying to find that new ride to make your
way back and forth to work? If your trying to do it without breaking the bank,
the best deals are amongst the smaller passenger cars, while pick-up trucks and
SUVs are some of the worst deals.
Subcompact cars are the best overall deals on used cars
right now, and prices overall have dropped by 6.3% percent over the last year
to an average of $11,461. These cars include the Chevy Sonic, Ford Fiesta,
Hyundai Accent and Toyota Yaris. Prices like that really help out in the long
run if you’re trying to get a dependable car at a reasonable price. And compact cars, including the Chevrolet
Cruze, Ford Focus, Honda Civic, and Toyota Corolla, dropped by 2.0% in value to
a still-affordable average $12,153.
Edmunds.com Sr.
Analyst Ivan Drury says
“Prices are down for
these vehicles because there is so much more demand for used trucks and SUVs.
There are also lots of smaller cars coming back to the used car market as
people trade up into larger vehicles.”
Trucks and SUV’s on the other end have been steadily gaining
in price over the last few years due to their increased demand. Smaller pickup
trucks Nissan Frontier, Toyota Tacoma, Chevrolet Colorado and GMC Canyon have
rose by 10.1% averaging about $18,978. While the large SUV market is up 8.9%
and prices raising to an Average of $26,852.
Edmunds.com put together a list of vehicles that are the
best value:
Best Used Car Values
Subcompact Cars: -6.3%; average $11,461
·
Compact Cars: -2.0%; average $12,153
·
Midsize Cars: -1.0%; average $13,892
·
Large Crossover SUVs: -0.6%; average $22,182
·
Premium Luxury Cars: +0.3%; average $45,442
Worst Used-Car Deals
·
Compact Pickups: +10.1%; average $18,978
·
Large SUVs: +8.9%; average $26,852
·
Luxury SUVs: +7.7%; average $40,531
·
Midsize SUVs: +7.6%; average $22,477
·
Large Cars: +2.7%; average $15,315
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