Cars.com Finds Biggest Used-Vehicle Price Changes for October

The percentage of change in used-car prices hit double digits for one luxury model from September to October, according to Cars.com. Meanwhile, a certain domestic model made a big comeback on the pricing front, the site noted.
In the latest used-car price report posted to the "Kicking Tires" blog, Mike Hanley of Cars.com noted the average price for a used Lexus RX 350 — which had spiked by nearly $6,000 in September — dropped by 17 percent for October.
More specifically, it was a decrease of $6,954, as the price fell to $32,927.
Overall, Cars.com said late-model used prices dipped in October for the fourth straight month, but that the rate of decline slowed, with the average vehicle price down just $42 to $21,917 (for model-years 2009 to 2011).
And despite the slide, the company noted that October’s average price remains $121 higher than that of January’s average price.
Used cars from model years 2009 to 2011 which experienced the biggest price decreases from Sept. 1 to Oct. 1, according to Cars.com, also included the Ford E-350 Super Duty, which saw a 9-percent decrease to a price of $19,485.
The Kia Sedona and Mercedes-Benz S Class each saw a 7-percent drop, while prices of the Chevrolet Suburban, GMC Sierra 2500 and Kia Optima each decreased by 6 percent.
Rounding out the top 10 vehicles were the Cadillac Escalade ESV, Scion xB and Subaru Outback, each seeing 5 percent decreases in price for the period.
Some Models See Price Increases
Conversely, Cars.com said the Ford Crown Victoria, which saw the biggest price drop last month, recovered about half of its dollar losses in October with a 7-percent increase to $13,652.
The remaining top 10 vehicles showing price increases for the period were the Mercury Grand Marquis, up 4 percent, and the BMW 328i, Dodge Dakota, Land Rover Range Rover, Scion tC and Toyota FJ Cruiser, each experiencing a 3-percent price increase.
The Chevrolet Camaro, Chrysler 300 and Ford Mustang each saw prices rise by 2 percent.
To be eligible for the used-car price report, a model must have 500 cars in Cars.com’s national inventory, the company noted. To view the original post from Cars.com, click here.