Cars.com reported on biggest price drops and increases during April 2015 for 2012- to 2014-model year vehicles featured on its search listings. For the second month in a row, prices for used Nissan Leafs sank more than any other used vehicle – down 4.7% ($708) in April. The Leaf has taken a big drop this year – down 14% in value versus the overall market being up 1% during that time. Land Rover’s Range Rover was No. 2 in price declines, down 3.3%.
Even though Gasoline Prices Have Been Moving Up Lately to $2.65:
National average is still about a dollar less than it was a year ago.
Used Luxury Vehicle Prices Took Big Hit as the Largest Category with Declines:
Seven of the 10 models with steepest decrease in asking prices were from luxury brands.
Lincoln MKZ Had the Largest Gain During the Month of April:
An increase in $766 from the beginning of the month – or 3.1%