Tesla Model 3 leads with a 21.5% plunge in the last six months.
An iSeeCars.com study looked at more than 1.8 million used-car sales between February 2022 and February 2023 to track prices and identify which models had the largest price drops and gains.
Turns out the Tesla Model 3 had the biggest price drop in the past six months—down 21.5%—while the average used car is down only 4.7%, according to the study.in the US have finally taken a turn for the better, at least for consumers—dealers, unfortunately for them, will not be making as much as they have been recently. The overall drop from September of last year has been 4.7%, with prices plunging 8.7% across the board compared to this time a year ago.
“The used-car market has fragmented over the past year,” said Brauer. “While prices are still higher than before the pandemic, they have consistently dropped over the past year and at an accelerated rate in the past six months.”
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