Highlights:
- The Tesla Model S lost more value than any other used car over the past year
- While overall used car prices increased 1% last month, the 20 used cars with the biggest price drops lost between 6.8% and 17.2% or their value
- Half of the top 10 used cars with the biggest price drops are EVs, including the Tesla Model S, Porsche Taycan, Tesla Model Y, Tesla Model 3, and Hyundai Kona Electric
- Tesla is the most prominent brand in the top 20 rankings, with four models (S, Y, 3, and X) on the list
Last month overall used car prices increased for the first time in 2.5 years, but there were 20 models with significant price drops that represent an opportunity for used car buyers to save money. These used models lost between 6.8% and 17.2% of their value in the last 12 months, with electric vehicles – especially Teslas – dominating the list.
iSeeCars analyzed the pricing of 1.4 million used cars to identify which models lost the most value over the past year.
“In both the new and used car markets, Tesla prices have been dropping for over two years,” said Karl Brauer, iSeeCars Executive Analyst. “Price cuts on new Teslas immediately impacted used Teslas, driving their prices down at a rapid rate. The new car price cuts were driven by Tesla’s desire to maintain sales growth, but that strategy stopped working last year when the automaker saw its first decline in annual sales.”
20 Used Cars With the Largest Price Drops
The average price drops for the top 20 models range from $1,614 to $13,422, while the average used car price increased $317. The Model S is the used car with the biggest year-over-year price drop, losing 17.2% of its value, followed by the Porsche Taycan (15.1%), Ford Explorer Hybrid (14.1%), BMW 5 Series hybrid (13.9%), and Tesla Model Y (13.1%) in the top five slots. 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% | |
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% | |
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.
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