Last month marked the first increase in overall used car prices in 2.5 years. However, there are 20 car models with notable price drops, offering used car buyers a chance to save money. These vehicles experienced a depreciation of 6.8% to 17.2% over the past year, with electric cars, especially Teslas, prominently featured on this list.
iSeeCars analyzed the pricing of 1.4 million used cars to identify which models lost the most value over the past year.
Karl Brauer, an Executive Analyst at iSeeCars, noted, “For over two years, prices for Teslas have been decreasing in both the new and used car markets. The reduction in new Tesla prices quickly affected the used Tesla market, causing their prices to drop significantly. Tesla initiated new car price cuts to sustain sales growth, yet this approach faltered last year as the company experienced its first drop in annual sales.”
20 Used Cars With the Largest Price Drops
The top 20 models saw average price decreases ranging from $1,614 to $13,422, against an average used car price increase of $317. The Model S leads the way in price reductions, losing 17.2% of its value year-over-year. Following it are the Porsche Taycan (15.1%), Ford Explorer Hybrid (14.1%), BMW 5 Series hybrid (13.9%), and Tesla Model Y (13.1%), rounding out the top five.
Tesla is the most prominent brand in the top 20, with four models ranked on the list (Model S, Model Y, Model 3, Model X). Although most brands have only one vehicle on the list, Mercedes-Benz has two models (AMG GT, GLB) as does Chrysler (Pacifica, Voyager).
| Used Cars With the Biggest Year-over-Year Price Drops: March 2025 – iSeeCars Study | ||||
| Rank | Model | Average Price March 2025 | $ Difference Year-over-Year | % Difference Year-over-Year |
| 1 | Tesla Model S | $47,931 | -$9,944 | -17.2% |
| 2 | Porsche Taycan | $75,407 | -$13,422 | -15.1% |
| 3 | Ford Explorer Hybrid | $31,228 | -$5,136 | -14.1% |
| 4 | BMW 5 Series (Hybrid) | $34,375 | -$5,557 | -13.9% |
| 5 | Tesla Model Y | $30,611 | -$4,634 | -13.1% |
| 6 | Maserati Levante | $45,413 | -$5,898 | -11.5% |
| 7 | Mercedes-Benz AMG GT | $78,676 | -$9,808 | -11.1% |
| 8 | Tesla Model 3 | $26,084 | -$3,193 | -10.9% |
| 9 | Jeep Gladiator | $34,136 | -$4,089 | -10.7% |
| 10 | Hyundai Kona Electric | $20,678 | -$2,462 | -10.6% |
| 11 | Kia Niro EV | $21,549 | -$2,278 | -9.6% |
| 12 | Mercedes-Benz GLB | $32,953 | -$3,411 | -9.4% |
| 13 | Volvo S90 | $35,182 | -$3,574 | -9.2% |
| 14 | Genesis G70 | $30,304 | -$2,877 | -8.7% |
| 15 | Chrysler Pacifica | $25,464 | -$2,230 | -8.1% |
| 16 | Jaguar E-PACE | $26,509 | -$2,080 | -7.3% |
| 17 | Tesla Model X | $55,990 | -$4,387 | -7.3% |
| 18 | Chevrolet Corvette (Convertible) | $84,605 | -$6,629 | -7.3% |
| 19 | Lincoln Aviator | $42,918 | -$3,302 | -7.1% |
| 20 | Chrysler Voyager | $22,077 | -$1,614 | -6.8% |
| National Average | $31,624 | $317 | 1.0% | |
“Tesla has been one of the most profitable automakers in the world in recent years, but the ongoing drop in its new and used vehicle values, along with sagging sales, will be a drag on revenue and profit,” said Brauer.
10 Automotive Brands With the Largest Used Car Price Drops
Tesla also has the largest price drop when measured at the brand level. The 10 brands with the largest price drops based on 1- to 5-year-old used vehicles across their entire model lines, are listed below. Overall Tesla used car prices dropped 10.1%, followed by Chrysler at 8.9% and Maserati at 8.6%.
| Car Brands With the Biggest Year-over-Year Price Drops: March 2025 – iSeeCars Study | ||||
| Rank | Make | Average Price March 2025 | $ Difference Year-over-Year | % Difference Year-over-Year |
| 1 | Tesla | $31,421 | -$3,541 | -10.1% |
| 2 | Chrysler | $24,712 | -$2,411 | -8.9% |
| 3 | Maserati | $43,909 | -$4,106 | -8.6% |
| 4 | Genesis | $33,394 | -$2,339 | -6.5% |
| 5 | Dodge | $33,072 | -$1,638 | -4.7% |
| 6 | Buick | $26,023 | -$1,262 | -4.6% |
| 7 | Chevrolet | $30,989 | -$1,263 | -3.9% |
| 8 | Nissan | $22,695 | -$355 | -1.5% |
| 9 | Audi | $35,734 | -$404 | -1.1% |
| 10 | Volvo | $33,940 | -$325 | -0.9% |
| National Average | $31,624 | $317 | 1.0% | |
“While overall used car prices are relatively stable, these 10 brands are dropping,” said Brauer. “This suggests consumers looking to save money on their next used car purchase can still find deals, if they do their research.”
Methodology
iSeeCars analyzed over 1.4 million 1- to 5-year-old used cars sold in March 2024 and 2025. The average listing prices of each car model were compared between the two time periods, and the differences were expressed as both a percentage difference from the 2024 price as well as a dollar difference. Heavy-duty vehicles, low-volume vehicles, vehicles discontinued as of the 2024 model year, and vehicles in production for fewer than four of the last five model years for each period were excluded from further analysis.
About iSeeCars.com
iSeeCars.com is a data-driven car search and research company that helps shoppers find the best car deals by providing key insights and valuable resources, including the iSeeCars VIN Check report and Best Cars Rankings. iSeeCars has saved users over $437 million so far by applying big data analytics powered by over 25 billion (and growing) data points and using proprietary algorithms to objectively analyze, score and rank millions of new cars and used cars.
This article, Tesla Tops List of Used Cars With Biggest Price Drops, originally appeared on iSeeCars.com.
