Used cars are finally getting cheaper. Tesla's Model 3 and these 9 models are seeing the biggest price drops.
The popular Toyota RAV4 is among used cars whose prices are dropping fast.In December, prices were 3% lower than in the same month of 2021. Ridiculously expensive used cars became the new normal when the pandemic mangled supply chains. Now we're heading back toward the old normal.Prices for secondhand cars are finally dropping, coming down 3% year-over-year in December, according to the car search engine iSeeCars.com.
Although prices declined throughout 2022, used vehicles only started getting cheaper on a year-over-year basis in November, according to iSeeCars.com's analysis.Car prices could drop 20% next year. Here's where to expect the best deals first.Jeep Wranglers are displayed at a Manhattan Fiat Chrysler dealership on July 23, 2018 in New York City.These 10 used models saw the biggest price drops in the last four months of 2022, according to a recent study by iSeeCars.com.
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