Used car depreciation

Asked by Oct 25, 2013 at 03:17 AM about the 2011 Hyundai Elantra Touring SE

Question type: Shopping & Pricing

Do used car prices drop in the fall, when new cars for the latest model year go on sale? Or when the actual calendar year ends? (Since the used car is now another 'year' older.) If so by approximately what percent?
Thanks!

1 Answer

275,125

Depreciations happens year round, not just certain times of the year. There might be larger price updates when the new models come out. There is no set %. Every model is different and condition of the vehicle weighs in on that price and consumer demand. Are you buying or selling?

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