Buying a car is a big deal, especially if you’re hunting for a good deal on a used one. Over the last few years, used car prices have seen some surprising ups and downs.
If you’re curious about which models have seen the biggest price drops, this list will give you a heads-up. We’re breaking down the used car models that have experienced the most significant price decreases, comparing their prices from 2019, 2023, and 2024. A few of these cars are now in the sub-$20,000 price range.
Tesla Model 3
Tesla’s electric car made headlines for its affordability compared to other luxury electric vehicles. But in the used market, it’s seen some hefty price cuts and tops the list for biggest value decline. It is also the only car to see a price drop in both date ranges. The price dropped by 23.4% from 2019 to 2023, and it didn’t stop there—2024 saw another 22.6% drop.
2019 price: $48,997
2023 price: $37,548
2024 price: $29,045
% change 2019-2023: -23.4%
% change 2023-2024: -22.6%
Jeep Grand Cherokee
The Jeep Grand Cherokee is known for its off-road capability and spaciousness, but its used price is softening. It saw a 24.5% increase from 2019 to 2023, then dipped by 9.2% in 2024, making it more affordable for used car buyers.
2019 price: $27,394
2023 price: $34,107
2024 price: $30,956
% change 2019-2023: +24.5%
% change 2023-2024: -9.2%
Ram 1500
The Ram 1500, a popular choice for truck enthusiasts, saw its price skyrocket by 56.4% between 2019 and 2023. However, the used price slightly dropped by 8.2% in 2024.
2019 price: $27,318
2023 price: $42,716
2024 price: $39,536
% change 2019-2023: +56.4%
% change 2023-2024: -8.2%
Ford Explorer
The Ford Explorer has always been a go-to for families looking for space and safety. From 2019 to 2023, prices went up by 31.3%, but 2024 brought a 7.4% drop, which might be good news if you’re looking for a budget-friendly used SUV.
2019 price: $26,412
2023 price: $34,667
2024 price: $32,135
% change 2019-2023: +31.3%
% change 2023-2024: -7.4%
Chevrolet Equinox
If you’re interested in a compact SUV, the Chevrolet Equinox might catch your eye. While the prices jumped up by 26.4% from 2019 to 2023, 2024 saw a 7.1% price cut.
2019 price: $17,833
2023 price: $22,611
2024 price: $20,942
% change 2019-2023: +26.4%
% change 2023-2024: -7.1%
Toyota Corolla
The reliable Toyota Corolla didn’t see the most dramatic changes. Its price increased by 49.2% from 2019 to 2023 but dropped by 6.8% in 2024, making it a consistent choice for budget-conscious drivers.
2019 price: $14,236
2023 price: $21,243
2024 price: $19,793
% change 2019-2023: +49.2%
% change 2023-2024: -6.8%
Subaru Outback
This adventure-ready wagon had a steady price increase until 2023, going up by 25.7%. However, a 6.7% dip in 2024 makes it a bit more affordable for those eyeing a used Subaru.
2019 price: $23,309
2023 price: $29,306
2024 price: $27,348
% change 2019-2023: +25.7%
% change 2023-2024: -6.7%
Honda Accord
Honda’s popular sedan showed a price jump of 42.9% from 2019 to 2023, followed by a 6.6% drop in 2024. It’s still a good buy if you’re after a dependable used car with lower ownership costs.
2019 price: $18,595
2023 price: $26,578
2024 price: $24,817
% change 2019-2023: +42.9%
% change 2023-2024: -6.6%
Honda CR-V
With its reputation for reliability, the Honda CR-V saw a price increase of 37.2% from 2019 to 2023. But 2024 brought a 6.6% price decrease, offering some relief to used car buyers.
2019 price: $20,643
2023 price: $28,325
2024 price: $26,455
% change 2019-2023: +37.2%
% change 2023-2024: -6.6%
Subaru Crosstrek
A hike of 28.0% from 2019 to 2023 turned into a 6.6% price reduction in 2024. For anyone looking for a small SUV that’s reliable and has a rugged feel, the Crosstrek could be a solid choice.
2019 price: $20,646
2023 price: $26,433
2024 price: $24,699
% change 2019-2023: +28.0%
% change 2023-2024: -6.6%
Mazda CX-5
Mazda’s stylish compact SUV, the CX-5, saw a 27.7% increase up to 2023, then a slight decrease of 6.1% in 2024. It remains a good option if you want a used car with a sporty feel.
2019 price: $20,460
2023 price: $26,122
2024 price: $24,520
% change 2019-2023: +27.7%
% change 2023-2024: -6.1%
Toyota RAV4
The Toyota RAV4 remains one of the best-selling SUVs, despite a price increase of 40.5% between 2019 and 2023. A 6.1% decrease in 2024 makes it more attractive for budget buyers.
2019 price: $20,632
2023 price: $28,997
2024 price: $27,236
% change 2019-2023: +40.5%
% change 2023-2024: -6.1%
Chevrolet Malibu
Chevrolet’s popular sedan saw its price go up by 29.6% until 2023 but then took a 5.9% dive in 2024, presenting an opportunity to grab a used Malibu for less.
2019 price: $15,694
2023 price: $20,330
2024 price: $19,123
% change 2019-2023: +29.6%
% change 2023-2024: -5.9%
Hyundai Tucson
A favorite in the compact SUV market, the Tucson saw prices increase by 30.6% between 2019 and 2023. The 2024 price, however, showed a 5.9% drop.
2019 price: $18,200
2023 price: $23,769
2024 price: $22,368
% change 2019-2023: +30.6%
% change 2023-2024: -5.9%
Honda Civic
The Civic’s reputation for reliability and fuel efficiency didn’t stop it from dropping in price. It went up by 46.2% between 2019 and 2023, but the price fell by 5.6% in 2024.
2019 price: $16,574
2023 price: $24,234
2024 price: $22,879
% change 2019-2023: +46.2%
% change 2023-2024: -5.6%
Toyota Highlander
The midsize SUV saw a 24.5% jump up to 2023, but its price fell by 5.4% in 2024. The Highlander remains a great option for families needing a roomy, used vehicle.
2019 price: $29,110
2023 price: $36,254
2024 price: $34,303
% change 2019-2023: +24.5%
% change 2023-2024: -5.4%
Toyota Camry
For a dependable midsize sedan, the Camry remains a top pick. It saw an increase of 48.6% in 2023, but a price drop of 4.6% in 2024 could entice those looking for a used car deal.
2019 price: $17,121
2023 price: $25,466
2024 price: $24,284
% change 2019-2023: +48.6%
% change 2023-2024: -4.6%
Chevrolet Silverado
This full-size pickup truck saw its price go up by 35.9% from 2019 to 2023, then fell by 4.1% in 2024. The Silverado is still a solid choice for a capable used truck.
2019 price: $29,626
2023 price: $40,249
2024 price: $38,606
% change 2019-2023: +35.9%
% change 2023-2024: -4.1%
Hyundai Elantra
A compact sedan with a budget-friendly reputation, the Elantra saw a 41.5% rise in prices by 2023. In 2024, it experienced a 3.5% drop, providing a better deal for used car shoppers.
2019 price: $13,199
2023 price: $18,676
2024 price: $18,022
% change 2019-2023: +41.5%
% change 2023-2024: -3.5%
GMC Sierra 1500
The GMC Sierra 1500’s price surged by 43.8% from 2019 to 2023 but then decreased by 2.7% in 2024. It’s still a good choice for those looking for a full-size truck with a bit of luxury.
2019 price: $32,811
2023 price: $47,189
2024 price: $45,904
% change 2019-2023: +43.8%
% change 2023-2024: -2.7%
Nissan Rogue
Nissan’s popular crossover increased in price by 34.7% by 2023, but a slight 2.6% decrease in 2024 makes it more accessible for budget-conscious buyers.
2019 price: $17,959
2023 price: $24,183
2024 price: $23,554
% change 2019-2023: +34.7%
% change 2023-2024: -2.6%
Toyota Tacoma
The Tacoma saw a massive 28.7% price increase up to 2023, but there was a modest 2.2% decrease in 2024. It remains a top pick for those wanting a reliable used truck.
2019 price: $28,455
2023 price: $36,622
2024 price: $35,815
% change 2019-2023: +28.7%
% change 2023-2024: -2.2%
Ford F-150
The F-150 had a significant price rise of 32.9% up to 2023, followed by a slight dip of 0.3% in 2024, which could make it a good deal for a used full-size truck.
2019 price: $31,533
2023 price: $41,896
2024 price: $41,788
% change 2019-2023: +32.9%
% change 2023-2024: -0.3%
Source: iSeeCars
New Cars You Can Get For Under $30,000
We all know that cars are more expensive than ever, but there are a few car models that are under $30,000. While you may not get a fancy SUV or truck, these cars are affordable and will get you from point A to point B at a great price.
Tips To Improve Fuel Efficiency
You finally got that new affordable car and are ready to hit the road! Great! But what you saved on car buying costs you should not want to spend on gas. Use these gas-saving tips to help you keep fuel costs down while you enjoy those road trips.