Used vehicle prices are on the rise - something you've heard Car Pro Show host Jerry Reynolds say on the show recently. New data from iSeeCars finds that after dropping throughout 2023 and 2024, used car prices have increased every month of the last three months. The average price of 1- to 5-year-old used cars went up year-over-year by $317 in March, $599 in April, and $630 in May. Researchers say while these increases were relatively small individually, they doubled from 1% in March to 2% in May.
The latest iSeeCars study analyzed 2.4 million 1- to 5-year-old used cars sold in May 2024 and May 2025 to identify used car pricing trends. iSeeCars says it found that used electric vehicles are one of two major segments still dropping in value, though EV prices appear to be stabilizing after losing nearly 30% a year ago. In May EVs only lost 8.8%, or $2,993, in value compared to losing over $11,000 a year earlier.
While the overall used car market continues to climb, data shows used Tesla values keep dropping. Four Teslas are in the top 10 biggest price drops in the analysis.
1- to 5-Year-Old Used Cars with the Biggest Year-over-Year Price Drops:
May 2025 – iSeeCars Study
- Tesla Model S
- Tesla Model Y
- Porsche Taycan
- Ford Explorer Hybrid
- Tesla Model 3
- Jeep Gladiator
- Ford Escape Plug-In Hybrid
- Mercedes-Benz GLB
- Maserati Levante
- Tesla Model X
- BMW 5 Series (hybrid)
- Lincoln Aviator
- Chevrolet Corvette Convertible
- Land Rover Range Rover Velar
- Genesis G70
- Audi RS Q8
- Land Rover Defender
- Kia Niro EV
- Audi SQ7
- Mercedes-Benz AMG GT
Other study highlights:
- The average 1- to 5-year-old used car costs $32,317, up 2% ($630) from a year ago
- The average 1- to 5-year-old used EV price continues to fall, down 8.8% ($2,993) over the past year to $31,110
- Tesla had the largest used car price decline, dropping 8.4% ($2,809) in past year
- Tesla Models S and Y had the biggest price drops among 1- to 5-year-old used models
- The BMW 4 Series, Infiniti QX60, and Porsche 718 Boxster had the biggest price gains over the past year among 1- to 5-year-old used models
iSeeCars says If this increased pricing trend continues, used car prices could average $32,317 to $35,000 or more in the next few months.
To see the average prices of 1- to 5-Year-Old Used Cars from June 2024 to May 2025 more data , click here.
Photo: iSeeCars.