Used Cars

Post-coronavirus, used car prices in these 10 U.S. cities have dropped the most

Minneapolis has seen its used car prices slump significantly in the last few months.

Photo by Getty Images

New and used car sales fell steeply as the nation closed up shop in the wake of the COVID-19 pandemic. Data from the U.S. Census Bureau found that retail used car sales plummeted more than 20 percent year-over-year in March, the most since the onset of the Great Recession in 2008.

New analysis from CoPilot, which aggregates car listings data in real-time across 46,000 U.S. dealers, found that retail prices for pre-owned vehicles only fell 3.9 percent nationwide between January and May 2020. Utah, Delaware, and Florida were hit the hardest, experiencing the steepest declines.

Certain metropolitan areas were hit harder than others. According to a release by CoPilot, "To identify these locations, researchers from CoPilot, a car shopping app that helps guide users through the buying process, analyzed its proprietary dataset of more than 6 million auto listings in the United States and created a ranking based on each location's change in average listing price between January and May 2020. To improve relevance, only metros with at least one million residents were included in the analysis."

Here are the 10 cities that experienced the steepest used car sales declines.

No. 10 - Washington-Arlington-Alexandria, DC-VA-MD-WV

USA, Washington DC, Pennsylvania Avenue and Capitol building


Photo by Getty Images

Average change in used car prices: -4.77%
Most impacted models: Jeep Patriot, Land Rover Discovery Sport, Dodge Charger, Volkswagen Atlas, Cadillac Escalade

No. 9 - Chicago-Naperville-Elgin, IL-IN-WI

View of N State street with the sign of the Chicago Theatre

Photo by Getty Images

Average change in used car prices: -4.82%
Most impacted models: Lexus IS, Land Rover Range Rover Sport, Ford Taurus, Nissan Versa, Jeep Patriot, Audi Q7

No. 8 - Atlanta-Sandy Springs-Roswell, GA

Atlanta Beltline Eastside Ponce City Market Photo by Ralph Daniel

Average change in used car prices: -4.92%
Models with the biggest price drops: Land Rover Range Rover Sport, Porsche Macan, Volvo XC90, Cadillac XT5, BMW 4 Series Gran Coupe, Acura TLX

No. 7 - Raleigh, NC

Raleigh North Carolina skyline city lights

Photo by Getty Images

Average change in used car prices: -4.93%
Models with the biggest price drops: Volkswagen Jetta, Kia Sorento, BMW 3 Series, Mercedes-Benz C-Class, Jeep Compass, Ford Escape

No. 6 - Louisville/Jefferson County, KY-IN

City Skyline with Old and New Architecture, Louisville, Kentucky

Photo by Getty Images

Average change in used car prices: -5.07%
Models with the biggest price drops: Toyota Camry, Jeep Grand Cherokee, Chevrolet Silverado 1500, Ram 1500, Ford Edge, Nissan Altima

No. 5 - Minneapolis-St. Paul-Bloomington, MN-WI

Arch Bridge Over River By Buildings Against Sky Minneapolis Minnesota

Photo by Getty Images

Average change in used car prices: -5.12%
Models with the biggest price drops: Infiniti Q50, BMW 3 Series, Subaru Legacy, Volvo XC90, GMC Terrain, Acura RDX

No. 4 - Dallas-Fort Worth-Arlington, TX

Dallas Arlington Fort Worth

Photo by Getty Images

Average change in used car prices: -5.19%
Models with the biggest price drops: Jeep Patriot, Volvo XC60, Ford Focus, Chevrolet Silverado 2500 HD, Mercedes-Benz GLS-Class, Ram 3500 HD

No. 3 - Salt Lake City, UT

Scenic View Of Buildings In City Against Sky

Photo by Getty Images

Average change in used car prices: -5.20%
Models with the biggest price drops: Hyundai Sonata, Nissan Pathfinder, Chevrolet Traverse, Honda CR-V, Mazda CX-5, Chevrolet Cruze

No. 2 - Orlando-Kissimmee-Sanford, FL

Lake Eola view in Orlando Florida

Photo by Getty Images

Average change in used car prices: -5.85%
Models with the biggest price drops: Dodge Charger, Volkswagen Passat, Nissan Versa, Chevrolet Camaro, Dodge Durango, and Kia Forte

No. 1 - Miami-Fort Lauderdale-West Palm Beach, FL

Aerial view of Miami Beach.

Photo by Getty Images

Average change in used car prices: -6.59%
Models with the biggest price drops: Kia Forte, Dodge Charger, BMW 4 Series Gran Coupe, Chevrolet Colorado, Land Rover Range Rover, BMW 3 Series

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Nuts & Bolts

 
 

Audi vehicles equipped with the MIB 3 infotainment system can take advantage of the technology.

Photo courtesy of Audi AG

Audi has partnered with iHeartRadio to deliver Hybrid Radio to owners of select 2021 model year Audi vehicles. The result is an industry-first experience.

Models that are equipped with Audi's MIB 3 suite of infotainment technology will be able to take advantage of Hybrid Radio, which allows listeners with an Audi Connect Prime or Plus subscription not switch between broadcast and digital radio signals when they have entered or exited radio signal territories for uninterrupted listening.

iHeartRadio Audi The new technology allows you to take your local radio station with you when you leave its broadcast zone.Photo courtesy of Audi AG

When the vehicle is cycled off and on again, it is able to retain the radio station, picking up the digital radio channel via internet connection.

"The ability to bring Hybrid Radio® to Audi customers would not be possible without pioneers like iHeartRadio embracing this technology," said Pom Malhotra, director, Connected Services, Audi of America. "Audi advances progress through technology, and we are thankful to be able to collaborate with iHeartRadio to continue bringing new conveniences to our customers."

"Radio has always been the consumer's No. 1 choice for companionship in the car," said Michele Laven, president of Strategic Partnerships Group for iHeartMedia. "The innovative functionality Audi is introducing via their Hybrid Radio® experience allows yet another way for that companionship to be seamlessly extended beyond the range of the broadcast signal keeping the consumer connected to their favorite station, no matter where the road takes them."

Hybrid Radio is available to Audi customers at no additional cost as part of their subscription.

It uses the integrated 4G LTE Wi-Fi hot spot. Verizon is Audi's wireless connectivity provider.

Models equipped with the MIB 3 system are arriving at U.S. dealerships this month.

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The 2022 Hyundai Tucson takes what you know about the model and kicks it up more than just one notch.

Photo courtesy of Hyundai Motor America

Hyundai sells more Tucsons than any other model, and not just in the U.S. The global best-seller has been reborn with striking new looks and high-tech innovation that, on the surface, squarely put it at odds with the budget-conscious most of the models it competes against.

The 2022 Hyundai Tucson will be sold in short- and long wheelbase models worldwide.

Designers continues the Sensuous Sportiness language first put forth in the 2020 Hyundai Sonata and continued in the 2021 Hyundai Elantra in the new Tucson. At its front are Parametic Hidden Headlights that incorporate the daytime running lights and their housing into the grille of the vehicle. Here, it's realized as a "T" shape the that is similar to the new fascia on the refreshed Hyundai Santa Fe. The automaker says that the lights are only visible when they are illuminated.

2022 Hyundai Tucson Numerous creases are featured on the body of the car.Photo courtesy of Hyundai Motor America

The crease-heavy body styling continues from the hood and down the sides of the compact SUV giving the model looks beyond your typical jellybean-shaped mommy hauler.

At the rear, a body-width taillight incorporates half-hidden triangular shapes that are only visible when lit. The Hyundai logo has been moved from its traditional place and and is now integrated into the rear glass. In turn, the wiper is now hidden under the car's spoiler.

Hyundai will sell the gasoline-powered versions of the model in seven paint colors: White Cream, Phantom Black, Shimmering Silver, Nocturne Gray, Amazon Gray, Flame Red, and Intense Blue, six of which are new for Tucson. Hybrid and plug-in hybrid models offer the following four colors: White Cream, Phantom Black, Shimmering Silver, and Intense Blue, three of which are new for Tucson.

2022 Hyundai Tucson Hyundai's new Tucson design is sleek yet sharp.Photo courtesy of Hyundai Motor America

The Tucson will be powered by a standard 2.5-liter four-cylinder gasoline engine. It achieves 187 horsepower and 182 pound-feet of torque. These figures give the engine more horsepower than either of the two engines in the 2020 model and 31 pound-feet more torque than that year's base 2.0-liter four-cylinder.

A more powerful turbocharged 1.6-liter four-cylinder will be available. That same 1.6-liter engine is also able to be matched with hybrid (HEV) and plug-in hybrid (PHEV) technology. Each engine is paired with an eight-speed automatic transmission.

The 1.6-liter hybrid engine alone achieves 178 horsepower. When coupled with the battery and elector motor, the overall output increases to 227 horsepower and 258 pound-feet of torque, far surpassing anything offered in the last-gen Tucson.

Hyundai will employ its first-in-class E-Handling technology for HEV and PHEV models. All-wheel drive is available on the Tucson and comes with a number of drive modes: Eco, Comfort, Smart, Sport, Mud, Sand and Snow (not available in all markets).

2022 Hyundai Tucson The car features very distinct design lines.Photo courtesy of Hyundai Motor America

The roster of safety technology on the Tucson is impressive. It includes: highway driving assist, forward collision-avoidance assist with pedestrian detection, lane keeping assist, lane following assist, blind spot view monitor, blind-spot collision warning, surround view monitor, reverse parking collision-avoidance assist, remote smart parking assist, high beam assist, and driver attention warning. Blind spot collision avoidance assist with rear cross-traffic alert and assist, adaptive cruise control with stop and go, and safe exit warning are also available.

Hyundai designers strived to give the 2022 Tucson a serene and spacious interior. Like in the Nissan Ariya, the model was crafted to seamlessly blend space, technology, and information. The layered waterfall effect of the dashboard combines traditional horizontal lines with curves to draw the eye upward and downward without the feeling of space segregation. This space is marked by twin silver garnish lines that flow from the center fascia to the rear doors. Sixty-four color ambient mood lighting is adjustable in 10 levels of brightness.

2022 Hyundai Tucson Angular taillights are a unique design highlight.Photo courtesy of Hyundai Motor America

The center stack houses twin 10.25-inch touch screens with split-screen and multi-tasking capabilities in the top Tucson trim level. A multi-air ventilation system and a hoodless digital gauge cluster are also present. An 8.0-inch infotainment screen is standard and features wireless Apple CarPlay and Android Auto technology. A Bose Premium audio system is available.

Hyundai has given the Tucson its Digital Key technology, which uses an app to turn a user's smartphone into a smart key. This technology also debuted on the 2020 Sonata.

The company's car-to-home functionality allows customers to control smart home appliances from their car. Similarly, Tucson's new Multi-Command function allows customers to "warm-up the car"— including heating system, heated steering wheel and seat warmers—with a single voice command while at home.

2022 Hyundai Tucson A wraparound dashboard gives the model a sense of spaciousness.Photo courtesy of Hyundai Motor America

The Tucson is the first Hyundai vehicle to have the company's new air conditioning technology.

Hyundai engineers have designed the Tucson's second-row seats to feature fold-and-dive functionality. This allows for 38.7 cubic feet of cargo space. This is about the same amount as the cavernous Honda CR-V.

The first deliveries of the Tucson will happen in Korea in September. The U.S. will have to wait until the first half of 2021 for the model.

Hyundai has plans to introduce a Tucson N Line model globally at a date to be announced.

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