Used Car Price Increases and Decreases April 2015

With gas prices down to a national average of around $2.70 a gallon, alternative vehicles are not hot sellers as they where a year ago when a gallon of fuel cost around $3.65.

The Nissan Leaf's average listing price has tanked again for the second month in a row. Dropping in price more than any other used car in April, the Leaf fell $708 or 4.7 percent and has fallen14 percent or $2,362 for the year. This is not good news for Nissan while the overall national average for late model used cars is up by one percent, $258 or total listing price of $23,167.

Cars.com says pre-owned luxury car prices also tanked in April. Seven of the ten vehicles on the list fall in the luxury category and took the biggest hits. The full size Porsche Panamera car and the Land Rover Range Rover SUV taking the second and third spots on the April 2015 Biggest Used Car Price Decreases List.

Ford Motor Company had a great month in April. Out of the top 10 spots, they hold four of the positions with the Lincoln MKZ at the top with a 3.1 percent increase in price or $766. Mercedes-Benz GL-Class average listing price is up 2.6% ($1,382) for a total of $55,369.

Methodology

This list was comprised of 2012 to 2014 model year used cars with the biggest increases and decreases in price for the month of April 2015. To make it on the list, the vehicle had to have been listed with at least 250 vehicles in the Cars.com's national search listings.

Take a look at some of the other used car list price increases and decreases below:

Largest Used Car Price Increases - April 2015

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Rank Make / Model April 30 Average Price Difference From April 1 Percent Change
1 Lincoln MKZ $25,864 $766 3.1%
2 Mercedes-Benz GL-Class $55,369 $1,382 2.6%
3 Chevrolet Corvette $49,915 $1,247 2.6%
4 Mitsubishi Galant $12,005 $245 2.1%
5 Nissan Titan $28,762 $493 1.7%
6 Lincoln MKZ Hybrid $27,188 $453 1.7%
7 Volkswagen CC $20,606 $337 1.7%
8 Hyundai Santa Fe Sport $23,617 $366 1.6%
9 Ford Expedition EL $37,306 $563 1.5%
10 Ford Flex $27,458 $414 1.5%

Largest Used Car Price Decreases - April 2015

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Rank Make / Model April 30 Average Price Difference From April 1 Percent Change
1 Nissan Leaf $14,495 -$708 -4.7%
2 Land Rover Range Rover $80,052 -$2,773 -3.3%
3 Porsche Panamera $77,764 -$2,300 -2.9%
4 BMW 535i $40,495 -$1,222 -2.9%
5 BMW 528i $34,520 -$1,010 -2.8%
6 Smart ForTwo $10,499 -$302 -2.8%
7 Porsche Cayenne $66,344 -$1,636 -2.4%
8 GMC Savana 2500 $25,411 -$592 -2.3%
9 BMW 550i $46,286 -$877 -1.9%
10 Lexus RX 450h $40,241 -$763 -1.9%

Between the lines

The above charts provide you with important car shopping information. Used cars with price increases tell you they are "in demand." This means dealers may be less likely to negotiate very much on the price of the vehicle because they know they're popular and if you don't buy it, someone else will be in the dealership soon, that will.

On the other hand, the vehicles that are decreasing in price are giving dealer's headaches and they want to get them off the lot. If you're interested in one of them, now is the time to make your move. Dealers will be more likely to deeply discount them to get them sold.

Keep in mind, when buying a used car you must do two things, the first thing is to check the used car's title history using a service such as AutoCheck to make sure the vehicle has not been in a severe accident or has a branded title. If the title shows to be clean, the second thing is always have the vehicle inspected by an independent certified mechanic before signing on the dotted line. This will greatly reduce the chances of you buying someone else's problems.

If you're considering the purchase of a pre-owned vehicle for your teen driver, I recommend using a free online referral services such as Edmunds and TrueCar. These services will tell you what others are paying for the vehicle you're considering in your local area and which dealers give the greatest discounts.