The average price of late-model used cars increased just $15 in August to $22,193, a gain of less than a tenth of a percent compared to July, according to Cars.com. Luxury vehicles saw the biggest numbers on both prices increases and decreases.
The Volvo S60 sedan saw the biggest August price drop as its price slipped 3% to $28,214. Three more luxury models — the Mercedes-Benz S-Class, Land Rover Range Rover and BMW Z4 — were next with price declines of 2%. As for increases, the Infiniti QX56 and BMW 528i led the way with prices edging up 2%.