(iSeeCars) – Used car prices continue to rise, climbing 3.7% ($1,146) in July after rising 4.8% ($1,497) in May. July marked the fifth consecutive month of increasing new car values, confirming an ongoing shortage of used car supply relative to consumer demand. As recently as August 2024 used car prices have dropped 4.8% ($1,509).
The latest iSeeCars study analyzed 1.5 million 1- to 5-year-old used cars sold in July 2024 and July 2025 to identify used pricing trends, and found that while used car values continue to rise used electric car values are still falling, though their drop of 1.3% in July suggests used EV prices are finding stability after years of decline.
“Just as used electric vehicle prices are stabilizing, traditional used cars are going back up in value,” said iSeeCars Executive Analyst Karl Brauer. “The combination of high new car prices, plus concern over tariffs and their impact on future car values, is likely leading to increased near-term demand for both new and used vehicles.”
Used Car Prices: They Just Keep Climbing
What started in March as the first month of increasing used car prices in over 2.5 years has turned into a 5-month trend. Used car values have not only been rising, but rising by a higher percentage every month since March, until the rate of increase dropped slightly in July. But even the moderate 3.7% bump in July still translates to nearly a $1,200 increase in what consumers have to pay for the average 1- to 5-year-old used car.
| Year-Over-Year Change in 1- to 5-Year-Old Used Car Prices – iSeeCars Study | |||
| Month | Avg. Price | $ Difference Year-Over-Year | % Difference Year-Over-Year |
| July 2025 | $31,770 | $1,146 | 3.7% |
| June 2025 | $32,437 | $1,497 | 4.8% |
| May 2025 | $32,317 | $630 | 2.0% |
| April 2025 | $32,231 | $559 | 1.8% |
| March 2025 | $31,624 | $317 | 1.0% |
| February 2025 | $31,257 | -$239 | -0.8% |
| January 2025 | $31,731 | -$250 | -0.8% |
| December 2024 | $29,651 | -$365 | -1.2% |
| November 2024 | $29,934 | -$431 | -1.4% |
| October 2024 | $30,914 | -$288 | -0.9% |
| September 2024 | $30,572 | -$849 | -2.7% |
| August 2024 | $30,228 | -$1,509 | -4.8% |
“Consumer demand for used cars remains strong, outstripping supply and driving prices up for five months in a row,” said Brauer. “For buyers waiting to get a deal on used cars, it appears they waited too long if they didn’t buy before March.”
Used Electric Vehicle Prices: Finally Finding Their Footing?
Electric vehicle prices were falling by more than 24%, or over $8,700, a year ago, but in July they dropped just 1.3%, or $408. This is the smallest decline in used EV values in over two years, suggesting the market has finally found a balance between used electric car supply and consumer demand.
| Year-Over-Year Change in 1- to 5-Year-Old Used EV Prices – iSeeCars Study | |||
| Month | Avg. Price | $ Difference Year-Over-Year | % Difference Year-Over-Year |
| July 2025 | $30,594 | -$408 | -1.3% |
| June 2025 | $31,354 | -$1,569 | -4.8% |
| May 2025 | $31,110 | -$2,993 | -8.8% |
| April 2025 | $31,372 | -$2,941 | -8.6% |
| March 2025 | $32,107 | -$3,602 | -10.1% |
| February 2025 | $32,198 | -$5,709 | -15.1% |
| January 2025 | $31,408 | -$7,936 | -20.2% |
| December 2024 | $27,345 | -$5,806 | -17.5% |
| November 2024 | $27,615 | -$6,232 | -18.4% |
| October 2024 | $28,053 | -$6,377 | -18.5% |
| September 2024 | $27,886 | -$6,465 | -18.8% |
| August 2024 | $26,839 | -$8,782 | -24.7% |
“It’s interesting to see electric vehicle prices stabilizing just as the tax incentives for new and used models are withdrawn,” said Brauer. “It’s likely we’ll see a last-minute increase in both new and used EV purchases before the incentives vanish, followed by a decline in sales and demand. That could cause a short-term drop in prices right after the incentives go away, but also a longer-term increase, as fewer EV sales will ultimately mean a lower supply and a likely increase in values.”
Which Brand Lost the Most Value? (Hint: Tesla)
When ranked by brands with the biggest used car price drops , Tesla tops the list with a 5.3% drop in value over the past year. Chevrolet, Chrysler, Dodge, and Nissan also lost value in the past 12 months, while every other brand gained value.
| Auto Brands With the Largest Price Drops in 1- to 5-Year-Old Used Cars – iSeeCars Study | ||||
| Rank | Brand | Avg. Price, July 2025 | $ Difference Year-Over-Year | % Difference Year-Over-Year |
| 1 | Tesla | $29,877 | -$1,657 | -5.3% |
| 2 | Chevrolet | $31,891 | -$913 | -2.8% |
| 3 | Chrysler | $25,867 | -$709 | -2.7% |
| 4 | Dodge | $33,353 | -$531 | -1.6% |
| 5 | Nissan | $22,995 | -$155 | -0.7% |
| 6 | Maserati | $43,400 | $122 | 0.3% |
| 7 | Genesis | $33,540 | $302 | 0.9% |
| 8 | Mitsubishi | $20,206 | $314 | 1.6% |
| 9 | Ford | $34,380 | $619 | 1.8% |
| 10 | Jeep | $30,151 | $823 | 2.8% |
| 11 | Audi | $34,091 | $944 | 2.8% |
| 12 | Kia | $23,035 | $725 | 3.2% |
| 13 | GMC | $40,738 | $1,335 | 3.4% |
| 14 | Mazda | $24,627 | $823 | 3.5% |
| 15 | Ram | $37,519 | $1,267 | 3.5% |
| 16 | Buick | $26,515 | $914 | 3.6% |
| Overall Average | $31,770 | $1,146 | 3.7% | |
| 17 | Toyota | $31,439 | $1,269 | 4.2% |
| 18 | Alfa Romeo | $27,927 | $1,145 | 4.3% |
| 19 | Hyundai | $23,380 | $987 | 4.4% |
| 20 | Volvo | $34,347 | $1,555 | 4.7% |
| 21 | Subaru | $27,443 | $1,504 | 5.8% |
| 22 | Honda | $28,118 | $1,605 | 6.1% |
| 23 | Lincoln | $42,510 | $2,533 | 6.3% |
| 24 | Mercedes-Benz | $47,911 | $3,067 | 6.8% |
| 25 | Cadillac | $44,618 | $2,969 | 7.1% |
| 26 | Acura | $37,053 | $2,678 | 7.8% |
| 27 | Volkswagen | $25,431 | $1,934 | 8.2% |
| 28 | MINI | $26,054 | $2,004 | 8.3% |
| 29 | Jaguar | $37,580 | $2,909 | 8.4% |
| 30 | Porsche | $78,946 | $7,461 | 10.4% |
| 31 | Lexus | $41,717 | $3,950 | 10.5% |
| 32 | BMW | $42,153 | $4,306 | 11.4% |
| 33 | Land Rover | $54,579 | $5,608 | 11.5% |
| 34 | INFINITI | $35,010 | $3,670 | 11.7% |
“With used electric vehicle prices still dropping and Tesla having the largest share of the used EV market, it’s not surprising to see that brand losing the most value,” said Brauer. “More surprising is Infiniti gaining the most value, followed by Land Rover. These brands have led in lost used car value in the past and likely benefitted the most from the reversal of overall used car pricing over the past five months.”
The Top 20 Used Models Seeing Increased Value
Luxury models from brands like BMW, Land Rover, and Porsche lead the list of used cars that have gained the most value over the past year. A few high-volume, low-cost cars, including the Chevrolet Trax and Kia Niro, also made the list, but premium models dominate the gains in used car prices.
| Top 20 Cars With the Largest Price Increases: July 2025 – iSeeCars Study | ||||
| Rank | Model | Avg. Price | $ Difference Year-Over-Year | % Difference Year-Over-Year |
| 1 | BMW 4 Series | $40,597 | $9,370 | 30.0% |
| 2 | Porsche Cayenne | $76,452 | $13,963 | 22.3% |
| 3 | Land Rover Discovery | $45,486 | $7,693 | 20.4% |
| 4 | BMW 7 Series | $58,541 | $9,833 | 20.2% |
| 5 | Porsche 911 (convertible) | $138,538 | $21,542 | 18.4% |
| 6 | INFINITI QX60 | $36,406 | $5,509 | 17.8% |
| 7 | Chevrolet Trax | $19,586 | $2,945 | 17.7% |
| 8 | Audi Q5 (hybrid) | $40,328 | $5,982 | 17.4% |
| 9 | Nissan Titan XD | $44,032 | $5,569 | 14.5% |
| 10 | BMW 5 Series | $40,948 | $4,711 | 13.0% |
| 11 | BMW X3 | $36,547 | $4,147 | 12.8% |
| 12 | Maserati Ghibli | $43,103 | $4,712 | 12.3% |
| 13 | Lexus RX 350 | $45,567 | $4,902 | 12.1% |
| 14 | Toyota 4Runner | $43,401 | $4,486 | 11.5% |
| 15 | Lincoln Navigator L | $63,412 | $6,291 | 11.0% |
| 16 | MINI Convertible | $28,894 | $2,853 | 11.0% |
| 17 | BMW 2 Series | $30,362 | $2,990 | 10.9% |
| 18 | Porsche Macan | $53,811 | $5,259 | 10.8% |
| 19 | Kia Niro | $22,748 | $2,214 | 10.8% |
| 20 | Volvo XC90 | $41,824 | $4,057 | 10.7% |
| Overall Average | $31,770 | $1,146 | 3.7% | |
“The preponderance of higher-priced used luxury models gaining value suggests many of the consumers driving up used car values are former new car buyers who have switched to the used car market and are willing to spend a fair bit of money to get the vehicle they want,” said Brauer.
Top 20 Used Cars With the Biggest Price Drops
Tesla holds the first three spots on the list of used cars losing the most value, with the Model S, Y, and X all losing more than 12% in value. Ford’s Explorer Hybrid and Jeep’s Gladiator follow in spots four and five, with all of the top five vehicles losing between $3,224 and $6,662 over the past year.
| Top 20 Cars With the Largest Price Drops: July 2025 – iSeeCars Study | ||||
| Rank | Model | Avg Price | $ Difference Year-Over-Year | % Difference Year-Over-Year |
| 1 | Tesla Model S | $47,416 | -$6,662 | -12.3% |
| 2 | Tesla Model Y | $29,141 | -$4,071 | -12.3% |
| 3 | Tesla Model X | $50,392 | -$6,950 | -12.1% |
| 4 | Ford Explorer Hybrid | $31,585 | -$3,324 | -9.5% |
| 5 | Jeep Gladiator | $34,430 | -$3,206 | -8.5% |
| 6 | Mercedes-Benz GLB | $31,266 | -$2,219 | -6.6% |
| 7 | Maserati Levante | $43,531 | -$3,037 | -6.5% |
| 8 | Lincoln Aviator | $42,273 | -$2,843 | -6.3% |
| 9 | Mercedes-Benz AMG GT | $78,697 | -$3,933 | -4.8% |
| 10 | Tesla Model 3 | $25,220 | -$1,129 | -4.3% |
| 11 | Mercedes-Benz G-Class | $135,056 | -$5,203 | -3.7% |
| 12 | Hyundai Palisade | $33,031 | -$1,036 | -3.0% |
| 13 | Mitsubishi Mirage | $13,257 | -$405 | -3.0% |
| 14 | Ford Escape Hybrid | $22,509 | -$660 | -2.8% |
| 15 | Kia Telluride | $33,260 | -$936 | -2.7% |
| 16 | Genesis G70 | $31,386 | -$862 | -2.7% |
| 17 | Nissan Altima | $20,204 | -$532 | -2.6% |
| 18 | Chevrolet Corvette (convertible) | $85,757 | -$1,935 | -2.2% |
| 19 | Land Rover Defender | $61,550 | -$1,207 | -1.9% |
| 20 | Porsche Taycan | $75,724 | -$1,224 | -1.6% |
| Overall Average | $31,770 | $1,146 | 3.7% | |
“Luxury models dominate the list of cars losing value too, showing the wider swings these vehicles suffer when they are in either high or low demand,” said Brauer.“
“The factors impacting used car values, including limited supply and concern over tariffs, makes predicting future pricing trends difficult,” said Brauer. “But the pullback in used car value increases last month suggests we may see some moderation in their growth for the remainder of 2025.”
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Methodology
iSeeCars analyzed over 1.5 million 1- to 5-year-old used cars sold in July 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 $442 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, Used Car Prices Up 3.7%, Tesla Prices Down 5.3%, originally appeared on iSeeCars.com.
