Late-Model Used Cars Seeing Slight Gain in August - August 23, 2013

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 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%.



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