Smart Buys for Savvy Shoppers
Used car price drops 2025: While used car prices have generally seen a modest increase, a detailed study by iSeeCars reveals a different story. Many desirable used vehicles are actually dropping in price, offering fantastic buying opportunities for smart shoppers. If you’re in the market for a used car, these trends could help you drive away with a great deal.
How This Study Uncovered the Best Used Car Deals
The comprehensive iSeeCars study analyzed 2.4 million one-to-five-year-old used cars sold between May 2024 and May 2025. While the average price of used cars rose by 2%, many segments and models bucked this trend, showing substantial price drops year-over-year.
Key Trends In The Used Car Price Drops 2025
Electric Vehicles (EVs) See the Largest Declines
The EV market experienced the steepest price drops, with an average decline of 8.8%. Tesla, leading the EV sector, saw a brand-wide 8.4% decrease across its lineup, making it the brand with the largest year-over-year depreciation.
Luxury Cars Depreciate as Expected
Luxury vehicles continue to follow their typical depreciation curves. Models such as the Maserati Levante, Land Rover Range Rover Velar, and Mercedes-AMG GT have seen substantial price drops, offering attractive deals for luxury car buyers.
Surprising Drops in Hybrid Vehicles
Despite strong consumer demand, several hybrids have also faced price reductions. The Ford Explorer Hybrid, Ford Escape PHEV, and BMW 5 Series PHEV are among the models showing surprising value adjustments.
Winners and Losers in the Current Used Car Market
While many vehicles are depreciating, some models have appreciated. The BMW 4 Series and Porsche 718 twins have increased in value. However, the Porsche Taycan saw a significant $10,998 price drop.
At the brand level, Stellantis brands—Chrysler, Dodge, and Maserati—are among the worst performers, while Tesla holds the top spot for the largest brand-level price deficit.
Top 20 Used Cars with the Biggest Price Drops (May 2024 – May 2025)
Here’s the full list of used cars that have seen the steepest year-over-year price declines:
| Model | Average Used Price (May 2025) | Price Drop ($) | % Drop YoY |
|---|---|---|---|
| Tesla Model S | $46,503 | -$8,837 | -16.0% |
| Tesla Model Y | $29,789 | -$4,945 | -14.2% |
| Porsche Taycan | $75,644 | -$10,998 | -12.7% |
| Ford Explorer Hybrid | $31,811 | -$4,044 | -11.3% |
| Tesla Model 3 | $25,361 | -$3,078 | -10.8% |
| Jeep Gladiator | $34,253 | -$4,112 | -10.7% |
| Ford Escape PHEV | $26,201 | -$3,139 | -10.7% |
| Mercedes-Benz GLB | $32,403 | -$3,566 | -9.9% |
| Maserati Levante | $44,433 | -$4,663 | -9.5% |
| Tesla Model X | $54,004 | -$5,292 | -8.9% |
| BMW 530e (PHEV) | $34,048 | -$3,168 | -8.5% |
| Lincoln Aviator | $42,495 | -$3,949 | -8.5% |
| Chevrolet Corvette Convertible | $84,609 | -$7,315 | -8.0% |
| Land Rover Range Rover Velar | $38,940 | -$3,095 | -7.4% |
| Genesis G70 | $30,660 | -$2,403 | -7.3% |
| Audi RS Q8 | $94,292 | -$7,176 | -7.1% |
| Land Rover Defender | $62,621 | -$4,708 | -7.0% |
| Kia Niro EV | $21,316 | -$1,577 | -6.9% |
| Audi SQ7 | $59,118 | -$3,960 | -6.3% |
| Mercedes-AMG GT | $80,720 | -$5,080 | -5.9% |
Your Next Smart Purchase Could Be Waiting
This data highlights excellent opportunities for budget-conscious buyers. Whether you’re eyeing an electric vehicle, luxury model, or hybrid, the 2025 used car market offers plenty of options at significantly reduced prices.
Pro Tip for Buyers:
Do thorough research on the model you’re interested in.
Compare prices across multiple dealerships and platforms.
Check vehicle history reports to ensure you’re getting a quality car.
Negotiate smartly—the data is on your side!
Final Thoughts: Act Now, Save Big
The used car market is shifting. While some models continue to rise, many highly desirable vehicles have seen considerable price drops. With a bit of research and timely action, you could score an incredible deal on your next vehicle.
With prices shifting rapidly, staying informed is key to making a smart purchase. As the market evolves, more opportunities may emerge for buyers ready to act. Always consider vehicle condition, mileage, and history before finalizing your deal. In 2025, patience, research, and timing could save you thousands on your next vehicle.