Used cars are finally getting cheaper. Tesla's Model 3 and these 9 models are seeing the biggest price drops.
Used vehicle prices are finally coming back to Earth, which is great news for car shoppers.
In December, prices were 3% lower than in the same month of 2021.
Some models, like the Toyota RAV4 and Tesla Model 3, are getting cheaper more quickly than others.
Ridiculously expensive used cars became the new normal when the pandemic mangled supply chains. Now we're heading back toward the old normal.
Prices for secondhand cars are finally dropping, coming down 3% year-over-year in December, according to the car search engine iSeeCars.com.
Although prices declined throughout 2022, used vehicles only started getting cheaper on a year-over-year basis in November, according to iSeeCars.com's analysis.
Read more: Car prices could drop 20% next year. Here's where to expect the best deals first.
Still, some models are getting cheaper faster than others.
These 10 used models saw the biggest price drops in the last four months of 2022, according to a recent study by iSeeCars.com.
The firm analyzed sales of 1-5-year-old cars, excluding any models that were discontinued as of 2022 or were on sale for 3 or fewer model years in the period studied.
Read more: Car buying is never going back to normal
10. Audi SQ5
Average used price (December 2022): $44,447
Price change from September-December: -$3,228
Percent drop from September-December: -6.8%
9. Toyota Camry
Average used price (December 2022): $25,521
Price change from September-December: -$1,912
Percent drop from September-December: -7.0%
8. Ford Ecosport
Average used price (December 2022): $20,064
Price change from September-December: -$1,515
Percent drop from September-December: -7.0%
7. GMC Acadia
Average used price (December 2022): $30,922
Price change from September-December: -$2,590
Percent drop from September-December: -7.7%
6. Jaguar E-Pace
Average used price (December 2022): $35,221
Price change from September-December: -$3,052
Percent drop from September-December: -8.0%
5. Toyota RAV4
Average used price (December 2022): $28,383
Price change from September-December: -$2,766
Percent drop from September-December: -8.9%
4. Hyundai Ioniq Hybrid
Average used price (December 2022): $20,542
Price change from September-December: -$2,527
Percent drop from September-December: -11.0%
3. Ford Mustang
Average used price (December 2022): $26,852
Price change from September-December: -$3,495
Percent drop from September-December: -11.5%
2. Nissan Kicks
Average used price (December 2022): $20,046
Price change from September-December: -$2,718
Percent drop from September-December: -11.9%
1. Tesla Model 3
Average used price (December 2022): $43,817
Price change from September-December: -$8,822
Percent drop from September-December: -16.8%
Read more: Used Tesla prices are plummeting four times faster than other cars
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