(iSeeCars) – 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). 

“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%.

“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.