Top 10 Used Cars to Buy in July 2024

Buckle up, car enthusiasts and savvy shoppers! Whether you’re seeking a luxurious ride or a reliable everyday vehicle, these cars offer exceptional value with significant price drops. Our detailed analysis, derived from Bumper.com’s extensive dataset of over 60 million vehicles, reveals compelling trends in the used car market. These insights make it the perfect time to invest in your next vehicle. Let’s dive into the top 10 used cars that have experienced the largest price decreases, and explore why these options should be on your radar.

Trends in the used car market

Significant price drops on luxury sports cars

High-end models like the Mercedes-Benz AMG GT and Audi R8 have seen substantial price reductions in recent months. The AMG GT has dropped an astounding 15.24% in just 30 days, making it an enticing option.

Affordable classics showing value

The Chevrolet Monte Carlo is turning heads with a significant 10.64% price drop over the past 30 days, despite an overall increase in value over the year. This car provides both nostalgia and practicality for buyers looking to own a piece of automotive history without breaking the bank.

Mid-range sedans and market stability

Models like the Lexus GS and Cadillac DTS prove you can enjoy luxury without the hefty price tag. The Lexus GS, for instance, has dropped by 9.37% in recent months. With their high average ages and market presence, these cars are stable choices in a fluctuating market.

Unique vehicles with price reductions

The Dodge Caliber, known for its distinct styling, is showing a 6.15% price drop over the past 30 days. Although it’s an older model with relatively high mileage, its decreasing price presents a reliable option for budget-conscious buyers.

Sports cars in the affordable range

Models like the Porsche 718 Cayman and Infiniti G35 have seen noticeable price drops, making them more accessible to sports car enthusiasts. The 718 Cayman, for instance, has dropped 6.65% in recent weeks, offering performance and prestige at a more affordable price.

Top 10 Cars to buy

1. Mercedes-Benz AMG GT

The AMG GT stands out, with its high average price and relatively low average vehicle age. It also has a minor average price discount from initial list to final sale.

• Average listed vehicle mileage: 17,122.28
• Average initial list price: $111,482
• Average final list price: $109,935
• Average price change over 30 days: -15.24%
• Average discount seen from list to sale: 1.40%
• Market share: 7,488

2. Chevrolet Monte Carlo

The Chevrolet Monte Carlo has a significantly higher average vehicle age and mileage, but the average price has seen a recent climb, making it a notable entry.

• Average listed vehicle mileage: 123,702.67
• Average initial list price: $10,574
• Average final list price: $9,919
• Average price change over 30 days: -10.64%
• Average discount seen from list to sale: 6.20%
• Market share: 3,817

3. Infiniti G35

The Infiniti G35 is among the older and higher mileage average vehicles, with prices dropping significantly over the past year.

• Average listed vehicle mileage: 141,526.71
• Average initial list price: $8,565
• Average final list price: $8,485
• Average price change over 30 days: -10.61%
• Average discount seen from list to sale: 0.90%
• Market share: 9,342

4. Ford Crown Victoria

The Ford Crown Victoria model comes with high mileage of over the 120,000 mark. It has observed a price collapse from 90 days ago.

• Average listed vehicle mileage: 124,216.45
• Average initial list price: $7,451
• Average final list price: $7,394
• Average price change over 30 days: -9.58%
• Average discount seen from list to sale: 0.80%
• Market share: 5,194

5. Lexus GS

The Lexus GS showcases a blend of mid-range pricing and excellent recognition for reliability, though it has seen a significant one-year price drop.

• Average listed vehicle mileage: 100,388.46
• Average initial list price: $22,752
• Average final list price: $22,438
• Average price change over 30 days: -9.37%
• Average discount seen from list to sale: 1.40%
• Market share: 20,882

6. Cadillac DTS

The Cadillac DTS, a classic luxury sedan, sustains a mid-range price with a moderate decline over the short term.

• Average listed vehicle mileage: 106,988.47
• Average initial list price: $8,961
• Average final list price: $8,855
• Average price change over 30 days: -8.48%
• Average discount seen from list to sale: 1.20%
• Market share: 8,128

7. Audi A8

Standing out for its luxury status and relatively low mileage, the A8’s larger average discount points towards significant price adjustments.

• Average listed vehicle mileage: 72,766.34
• Average initial list price: $33,226
• Average final list price: $32,576
• Average price change over 30 days: -7.34%
• Average discount seen from list to sale: 2.00%
• Market share: 8,998

8. Audi R8

The Audi R8, a high-end sports car, has a high average list price and lower mileage, yet shows a consistent price drop across various time frames.

• Average listed vehicle mileage: 21,140.26
• Average initial list price: $131,632
• Average final list price: $130,509
• Average price change over 30 days: -7.06%
• Average discount seen from list to sale: 0.90%
• Market share: 2,830

9. Porsche 718 Cayman

The Porsche 718 Cayman is among the newer vehicles on the list, with a notably high average list price, but it has experienced price declines over recent months.

• Average listed vehicle mileage: 16,645.04
• Average initial list price: $84,255
• Average final list price: $83,553
• Average price change over 30 days: -6.65%
• Average discount seen from list to sale: 0.80%
• Market share: 3,651

10. Dodge Caliber

The affordable Dodge Caliber shows a consistent market presence with minimal discount to sale and pricing fluctuations.

• Average listed vehicle mileage: 133,611.32
• Average initial list price: $6,455
• Average final list price: $6,364
• Average price change over 30 days: -6.15%
• Average discount seen from list to sale: 1.40%
• Market share: 9,614

The used car market this July offers fantastic opportunities to balance performance, luxury, and value. These price decreases are appealing, but always use vehicle history reports andVIN lookups to help ensure you’re not just getting a great deal but also a great car. Happy shopping!

AI Disclaimer: The images presented here were created using artificial intelligence (AI) technology. While we strive for accuracy, they are artistic representations and may not depict exact or true-to-life details. We do not guarantee the accuracy, relevance, or completeness of any information in these images. For accurate and detailed representations, we recommend consulting the vehicle manufacturer directly.