With U.S. trade tariffs likely pushing up both new- and used-vehicle prices, the used segment will be a focus for dealers trying to shore up profits and consumers looking to save money.

Already, used-vehicle prices are increasing. According to the iSeeCars.com automotive search engine and research provider, they rose in March for the first time in 2 ½ years for an average increase of $317. 

Cox Automotive also observed wholesale price increases in the first half of April for higher-than-normal appreciation that it attributes to tariffs’ effect on new vehicles.

There are bright spots in the used segment, though. ISeeCars, crunching 1.4 million used-vehicle prices, found 20 models whose prices actually fell significantly – between 7% and 17%, led by Tesla selections. Average price drops ranged from $1,614 to $13,422. 

Tesla has four models in the 20 biggest price drops.

“In both the new and used car markets, Tesla prices have been dropping for over two years. Price cuts on new Teslas immediately impacted used Teslas, driving their prices down at a rapid rate,” said Executive Analyst Karl Brauer, who said Tesla cut its new-vehicle prices to keep sales growth up.

“… that strategy stopped working last year when the automaker saw its first decline in annual sales,” he said.

According to the research, the Tesla Model S had that steepest price drop of 17% -– 17.2%, to be exact. Rounding out the top 20 price losses are:

• Porsche Taycan – 15%

• Ford Explorer Hybrid – 14%

• BMW 5 Series hybrid –14%

• Tesla Model Y –13%

• Maserati Levante – 12%

• Mercedes AMG GT – 11%

• Tesla Model 3 – 11%

• Jeep Gladiator – 11%

• Hyundai Kona Electric – 11%

• Kia Niro EV – 10%

• Mercedes GLB 9%

• Volvo S90 – 9%

• Genesis G70 – 9%

• Chrysler Pacifica – 8%

• Jaguar E-Pace – 7%

• Tesla Model X – 7%

• Chevrolet Corvette convertible – 7%

• Lincoln Aviator – 7%

• Chrysler Voyager – 7%

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