Chevrolet Equinox Pricing Analysis: Miami, FL Market Report

Pricing Analysis by Model Year

Key Insights

• Significant Depreciation: The 2020 Chevrolet Equinox has depreciated by ~43.2% from its original MSRP, reflecting a steep decline in value as it ages.
• Best Value Year: The 2021 model offers the best value with an average price of $13,727, which is ~42.5% below MSRP, indicating strong market competitiveness.
• Recent Models Retain Value: The 2026 model is priced at $25,971, which is ~-4.6% below MSRP, suggesting a slight depreciation trend for newer models.

Model Year Pricing

Pricing in Nearby Cities

Market Area: Greater Miami Region

Key Insights

• Highest Prices in Key West: The Key West market has the highest average price at $30,344, likely due to limited inventory and higher demand.
• Best Value in Fort Lauderdale: Fort Lauderdale offers the lowest average price at $17,339, indicating a more competitive market with higher inventory.
• Inventory Variation: Cities like Naples and Fort Myers have substantial listings (937 and 956 respectively) but show average prices around $18,697 and $18,563, suggesting stable pricing in these areas.

City-Level Pricing

Pricing by Trim Packages

Key Insights

• Most Common Trim: The LT FWD trim is the most prevalent with 138 listings, serving as a benchmark for pricing in the market.
• AWD Demand: The LT AWD trim, while having fewer listings (39), is priced higher at $30,800, reflecting the demand for all-wheel drive options.
• Premium Trims: The RS AWD and ACTIV AWD trims are positioned at the higher end of the market with MSRPs of $35,600, indicating a significant markup for additional features.

Trim-Level Details

These recommendations are based on CarGurus' proprietary market data from July 16, 2026, CarGurus experts' opinions, and generative AI.