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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Honda notified dealers of upcoming supply cuts.

Photo courtesy of American Honda Motor Co., Inc

Honda, like all major automakers today, is truly a global operation. Though it produces plenty of vehicles here in the United States, many of the components it relies on for manufacturing come from elsewhere in the world. That means Honda, like the other auto giants, needs its global supply chain operating smoothly in order to prevent disruption. Unfortunately for Honda dealers and potential customers, disruption is what's about to happen. The automaker recently sent a letter to its dealers, forecasting reduced vehicle supply in the coming weeks.


2021 Honda Ridgeline No. 19 - Honda Photo courtesy of American Honda Motor Co., Inc


The dealer letter, posted to the Civic XI forum and fan site, was dated August 25 and confirmed by a dealer upset with the development, according to Automotive News. In the letter, Honda cites the ongoing pandemic and microchip shortages as major factors impacting its production efforts. Total shipments to dealers could be cut by up to 40 percent, but not all models will be affected to the same degree.

The letter noted that supplies of the Pilot and Passport SUVs will hold steady, and shared that production of the Civic hatchback is on schedule. However, the situation is fluid and could change at any time, so there's a chance that timelines could speed up or slack off as necessary.


2022 Honda Pilot Some models will see more cuts than others.Photo courtesy of American Honda Motor Co., Inc


Honda is just the latest in a long line of automakers struggling to keep pace with demand in the face of several converging global crises. In an effort to keep vehicles rolling out of factories, General Motors has implemented selective feature cuts in some of its new vehicles, such as the removal of engine start/stop tech from some trucks and SUVs. Earlier this month, Ford Motor Company told Mustang Mach-E buyers to expect delays of at least six weeks as it grapples with the chip shortage, and will temporarily reduce production capacity at a few of its plants.

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The 2022 Toyota Prius Nightshade is a fresh edition for the company's lineup.

Photo courtesy of Toyota Motor Sales U.S.A. Inc.

One of Toyota's most efficient cars is getting the blackout treatment. Like other Nightshade editions Toyota puts out, the 2022 Prius Nightshade has all the requisite black accents while maintaining its heralded powertrain.

The 2022 Toyota Prius Nightshade is available in front- and all-wheel drive. Buyers can add the treatment to Prius L Eco, LE, LE AWD-e, XLE, XLE AWD-e and Limited grades. It comes in the buyer's choice of Midnight Black Metallic, Super White, or Silver Metallic paint job. Front-wheel drive models ride on standard 17-inch five-spoke alloy wheels while AWD-e cars get 15-inchers with black insert and lug nuts.

The exterior of the car also gets black headlight accents, mirror caps, door handles, color keyed rear deck spoiler and shark fin antenna.

2022 Toyota Prius Nightshade

Photo courtesy of Toyota Motor Sales U.S.A. Inc.

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Each of the models is powered by the Prius's 1.8-liter four-cylinder gasoline engine, which is paired with two electric motors. A continuously variable transmission is standard. All-wheel drive models get an EPA-estimated 51 mpg in the city, 47 mpg on the highway, and 49 mpg combined. Front-wheel drive versions do a slightly better 54 mpg in the city, 50 mpg on the highway, and 52 mpg combined.

Inside there are standard SofTex-trimmed trimmed, heated, power adjustable front seats and a SofTex-trimmed heated steering wheel and semi-gloss black center console. A 7-inch infotainment touch screen is standard, as is a six-speaker JBL sound system. Apple CarPlay, Android Auto, and Amazon Alexa come on every model, as are an auxiliary jack, three USB ports, a wireless phone charger, and one 12-volt outlet.

Toyota Safety Sense 2.0 is standard and includes a pre-collision system with low-light pedestrian detection, adaptive cruise control, bicyclist detection, lane departure alert, automatic high beams, and road sign assist.

All Prius models come with a three-year/36,000-mile basic warranty and 60-month/60,000-mile powertrain warranty. Toyota's hybrid battery warranty is for 10 years or 150,000 miles from the vehicle's in-service date, whichever occurs first. The hybrid system warranty is for eight years or 100,000 miles from the vehicle's in-service date.

This latest member of the Nightshade family means that there are 11 Nightshade editions in Toyota's stable. The Prius is the first hybrid to get the treatment.

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