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Motor 1
5 days ago
- Automotive
- Motor 1
Used Car Prices Are Dropping Fast for These Popular Brands
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. Source: iSeeCars Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
CNBC
28-07-2025
- Automotive
- CNBC
Trump's tariff deal offers scant relief for Japan automakers as bigger threat looms
Japanese automakers may have sidestepped crushing U.S. tariffs, but the reprieve is offering little comfort as Chinese automakers erode their long-held global edge, complicated by persistent structural challenges at home. On July 22, U.S. President Donald Trump announced that auto tariffs on Japan-made vehicle imports to the U.S. were lowered to 15% from the current 25%. However, the light isn't at the end of the tunnel just yet, industry experts cautioned. "The trade deal struck with the U.S. is certainly a relief in that it offers some certainty that U.S. tariffs on Japan-made cars won't rise to punitive levels," said Stefan Angrick, head of Japan and Frontier market economics at Moody's Analytics. "But I'd hesitate to call it good news. A 15% U.S. import tariff is still significantly higher than where Japan started. And a 15% tariff is certainly a higher rate than most had expected." The larger challenge, analysts say, comes from China's meteoric rise in the global automotive industry. Once an important growth market for Japanese brands, China has transformed into a dominant competitor. A key challenge for Japanese producers is the intensifying competition from China, Angrick said. China's push into advanced manufacturing has transformed it into a formidable competitor just as domestic demand for Japan-made cars began to soften, he added. Seconding his view is Karl Brauer, executive analyst at iSeeCars, who noted that lower-cost Chinese vehicles remain the "single biggest threat" to Japan's auto industry and economic outlook. China is the world's largest car producer and exporter, particularly of electric vehicles. The country's growing dominance in critical components and EV innovation is increasingly squeezing foreign automakers. Chinese automakers have also been making significant inroads into Southeast Asia — a region long dominated by Japanese brands like Toyota, Honda, and Nissan — making it an uphill battle for Japanese automakers to maintain their once-unassailable global market share. According to a 2025 report by PwC, the market share of Japanese auto manufacturers in Indonesia, Malaysia, Thailand, the Philippines, Vietnam and Singapore, commonly referred to as ASEAN-6, fell from 68.2% in 2023 to 63.9% in 2024. "[China autos] are expanding into markets where Japanese firms used to have a strong foothold. Thailand is one example," said the Moody's Analytics' expert. Beyond Southeast Asia, Japan's second-largest car export market is also being contested by China: Australia. A recent study commissioned by the Australian Automotive Dealer Association predicts that China is poised to surpass other countries as Australia's leading source of vehicle imports within the next decade. By 2035, 43% of all imported vehicles in Australia are expected to be manufactured in China, up from the expected 17% in 2025, the report suggested. By contrast, Japanese imports are expected to fall from 32% in 2025 to 22% by 2035. Besides external competition, Japan's automotive sector is contending with domestic economic challenges, including high inflation and weak consumer spending — similar to other developed large automakers like Toyota continue to find success domestically, Nissan is especially vulnerable due to the growing threat from China's automotive industry, Brauer explained. Earlier missteps by the management and planned plant closures are compounding its woes. Nissan plans to shut down seven of its 17 plants by fiscal 2027 and reduce its global workforce by around 15% as part of a restructuring plan. "All in all, the outlook for Japan's car industry is very challenging," Moody's Angrick said. While Toyota's global scale and diversified manufacturing footprint give it a relative advantage in maneuvering said challenges, smaller automakers such as Subaru and Mazda are under more pressure, noted Mio Kato, founder of Lightstream Research. While Subaru and Mazda do face a "significantly higher burden," they do have an advantage in having strong ties to Toyota, said Kato. Mazada, for one, shares a joint plant with Toyota, while Subaru is teaming up with Toyota to manufacture a co-developed electric vehicle slated for a 2026 debut. In the long term, Kato believes that these partnerships could deepen, potentially leading to a more formal consolidation under Toyota's umbrella. "I wouldn't expect [a consolidation] to happen on a short-term timeframe. However, it is certainly something for them to consider when you start looking towards the end of the decade, perhaps," he said. Still, analysts acknowledge that Trump's finalized tariff rate brings at least one benefit: some predictability. While it is still too soon to fully infer the long-term impact of the new trade agreement between the U.S. and Japan, having a confirmed tariff agreement will allow Japanese automakers to know their pricing and cost structures going forward, experts echoed. However, it remains unclear what tariff rates other automakers will face. "I think the absolute case for Japan is now understood relatively well, but in terms of how their competitiveness shifts, versus say, autos manufactured in Korea and exported or from Mexico and Canada, that could still impact the profit outlook for Japanese auto companies," Kato said.
Yahoo
16-07-2025
- Automotive
- Yahoo
Used Tesla prices are tumbling as incentives near the end of the road
The price of used EVs continues to decline. The Tesla Models S and X both saw drops of more than 15% from June 2024 to June 2025. On the whole, the EV category saw prices fall 4.8% year over year. Tesla's not only facing challenges with its new cars, its used options are losing their value at a rapid clip as well. The latest numbers from iSeeCars, which tracks used car prices, found the electric-vehicle category has seen prices fall 4.8% year over year, while internal combustion cars and trucks have gotten 5.2% more expensive. Of all EVs, Teslas have seen the steepest declines, perhaps due to the brand's struggles that have come with Elon Musk's increasingly divisive public stance on political and governmental issues. Declining interest in EVs overall is also to blame. A Tesla Model S in June was worth $8,768 less than it was in June of 2024. That's a 15.8% drop. The Model X didn't fare much better, with its value dropping $9,544 (or 15.5%). The Model Y saw the third biggest decline, falling 13.6% ($4,637). Used EV market share growth plummeted to just 14.2% in the past year, iSeeCars reports, which is down from a growth rate of 98% in 2024. While prices are falling, people are getting rid of their EVs at a faster pace, too, with supply increasing. All of the price drops come before the $4,000 incentive for buying a used EV comes to an end on Sept. 30. The loss of that discount could push prices considerably lower. 'Electric vehicles have a role to play in the new and used car market,' said iSeeCars Executive Analyst Karl Brauer, 'but that role won't be at the level many government and private EV proponents have been touting for years. Everything from market share to pricing suggests EV demand has peaked and will likely decline in the coming years.' This story was originally featured on
Forbes
16-07-2025
- Automotive
- Forbes
Sub-$20K Used Cars Are Becoming A Vanishing Breed, Study Shows
Pre-owned rides at affordable prices are becoming difficult to find, leaving cash-strapped buyers in ... More a bind. It's a familiar rite of passage for a freshly-licensed teen to buy (or be given) an inexpensive used model as his or her first car. Unfortunately for those coming of age these days, good-quality used cars priced at under $20,000 are becoming increasingly rare commodities. Affordability issues in the auto business can be traced to the pandemic era, when factory shutdowns and supply chain shortages caused a shortage of new vehicles on dealers' lots which, in turn, sent shoppers to the pre-owned end of the lot. The added demand combined with limited supplies because of fewer trade-ins caused the prices of used cars to skyrocket. Prices have somewhat stabilized of late, but with new-vehicle transaction prices now averaging $48,907 (according to Kelley Blue Book), a significant number of shoppers are still turning to older cars out of financial necessity, but are finding few bargains. In fact, a recent study of over 2.6 million 3-year-old used cars conducted by the online vehicle marketplace shows that while sub-$20,000 models made up more than half of the market in 2019, in 2025 they account for just 11.5%. Prices have trended upward to the extent that the $20,000 to $30,000 segment now accounts for 43% of the late-model market. The average three-year-old used car now goes for a whopping $32,645, according to the website, which represents a $9,476 increase since COVID-19 first struck. While in 2019 42% of used Honda CR-V and Toyota RAV4 compact SUVs on the market cost less than $20,000, the website's statisticians say that number today is practically zero. It's the same story with pre-owned versions of popular models that include the Chevrolet Equinox, Honda Civic, Kia Sportage, Nissan Rogue, Toyota Camry, and Toyota Corolla. And with the average vehicle ownership period reportedly reaching eight years, according to the insurance site there's a dearth of older 'beater' cars on the market to accommodate cash-strapped shoppers. 'The pandemic may be a fading memory, but the lack of new car production five years ago has created a 'pandemic hangover' effect for today's used car market,' says iSeeCars Executive Analyst Karl Brauer. 'Many car buyers are now priced out of late-model used cars, forcing them to consider older models with more miles to fit within their budget.' Just as the numbers of new sedans in dealers' showrooms have dwindled in recent years, prices of pre-owned passenger-cars have been skyrocketing. In 2019 models like the Honda Civic and Accord and the Toyota Camry and Corolla – all of which remain in production – accounted for 70% of three-year old used-vehicle market, but data shows it's dropped to 28.1%. That's a 60.2% dip. Average prices in this segment have jumped from $19,734 in 2019 to $29,343 in 2025, which can at least in part be attributed to fewer new cars on the market in recent years With regard to other model segments, the number of three-year-old SUVs going for under $20,000 dropped from 39.2% to a mere 8.1% since 2019, iSeeCars says, and the average transaction price has gone from $31,649 to $36,509. Added new-SUV sales and a greater number of subsequent trade-ins could be one reason the price jump is tempered somewhat. Used late-model truck prices split the difference with a 28.8% boost since 2019, going from an average $21,627 to $40,731. According to iSeeCars the U.S. cities in which the lowest percentage of three-year-old used vehicles still sell for under-$20,000 are Boston, MA (6.5%), Minneapolis-St. Paul, MN (6.7%), Hartford, CT (8.9%), Austin, TX (8.5%) and Philadelphia, PA (9.0%). Used Cars, Trucks and SUVs With The Steepest Price Increases These are the 15 most-popular three-year-old pre-owned vehicles iSeeCars' study determined have experienced the heftiest average price boosts since 2019: Source: you can read the full report here.
Miami Herald
06-07-2025
- Automotive
- Miami Herald
Why Used Tacoma Retains More Value Than a BMW
Your five-year-old Tacoma, a veteran workhorse, still commands 60.2 percent of its sticker price on the used-lot-well above the 54.4 percent industry average and miles ahead of a BMW 3 Series, which limps in at 48.6 percent retention. That gap translates into thousands more in your pocket when you trade in or sell. It's not random luck: Toyota's rust-proof reliability, fleet-tested durability and no-nonsense mechanics keep Tacomas in demand. Toss in contractor fleets swapping low-mile examples, easy-to-service parts, go-anywhere towing chops and die-hard brand loyalty, and you get resale resilience no luxury sedan can match. Here's how these factors turn depreciation from a horror story into a footnote. Over the past decade, detailed resale analyses from CarEdge and iSeeCars have peeled back the myths around depreciation, revealing a clear pattern: the models topping the charts aren't flashy coupes or high-tech sedans, but rugged trucks and SUVs built to last. These vehicles, backed by high-volume dealer and fleet demand, straightforward mechanical layouts and proven longevity, regularly return well over 60% of their original MSRP after five years. Below is the verified lineup of the best performers in five-year value retention. All of these models substantially outperform the industry average (the blue line), which stands at 54.4% retention after five years. This means that, on average, flipping that on its head, the average new vehicle loses about 45.6% of its value in the same period. Not all trucks and SUVs stand out for retaining their value. For example, while the Jeep Wrangler is often praised for holding its value, recent data is inconsistent: some sources report a 5-year depreciation as low as 10%, but others find it loses up to 55% of its value over five years, making its performance highly variable depending on model and market. Similarly, the Ford F-150, despite being America's best-selling truck, depreciates more than the segment average, with a typical 5-year depreciation of about 46.5% - leaving it below many of its competitors in terms of resale value. This underscores that popularity and high sales don't always translate into the best long-term value retention. For context, the BMW 3 Series - a popular luxury sedan - retains only 48.6% of its value after five years, falling below the industry average. Mercedes? Brand average 50.7%. Cadillac? Brand average 48.9%. This highlights the exceptional performance of the top trucks and SUVs, which not only beat the average but also demonstrate the resilience of certain segments against depreciation. Doing a deep dive into why this is so, why do these 5 trucks hold their value far better than a BMW, a brand renowned the world over for its retention, here is the secret code: Rock-Solid Reliability & DurabilityToyota's body-on-frame engineering and proven powertrains rack up miles with minimal fuss, earning a reputation for trouble-free ownership and strong demand in the used-vehicle Cost of OwnershipPickup parts and service for Tacomas and Tundras are mass-market staples-widely available and competitively priced-keeping maintenance bills down and resale values & Commercial DemandTradespeople, municipalities and rental fleets churn through pickups at high volumes. Those well-maintained, low-mileage ex-fleet Tacomas and 4Runners flood the used market-still commanding premium prices thanks to documented service SimplicityUnlike tech-dense luxury sedans, these trucks stick to mechanical basics and sturdy electronics. Fewer high-tech modules mean fewer post-warranty surprises-and gentler depreciation when the factory bumper-to-bumper coverage & Hauling VersatilityWhether it's a weekend boat launch, a landscaping trailer or a tailgate cooler, Tacomas and Tundras do double duty for work and play. That multi-use appeal outlives the fashion cycle of compact Brand LoyaltyToyota-truck buyers come back-again and again. Repeat customers know the resale auction lanes and dealer-trade-in premiums, reinforcing high retail values on every new-for-used transaction. Don't mistake "truck" for "throwaway." If you want a ride that still sells for strong money five years down the road, put the 4Runner, Tacoma or Tundra at the top of your shopping list. Their bullet-proof reliability, simple mechanicals, fleet-proven histories and go-anywhere versatility combine to crush depreciation the way a Haul-Master trailer conquers a steep grade. In contrast, even prestige nameplates like the BMW 3 Series can't match that resale resilience. Shop your next truck with an eye on those value-drivers, and watch your investment outlast the head-turners and hold its worth where it counts. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
