CarGurus Study: How Used Car Prices Stack Up Across The U ...

CarGurus Study: How Used Car Prices Stack Up Across The U.S.

(Cities Ranked Most Affordable to Least Affordable)

source:

Rank

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

U.S. Metro Area

Miami, FL

Cleveland, OH

Rochester, NY

Detroit, MI

Stamford, CT

Akron, OH

Buffalo, NY

Toledo, OH

New York, NY

Minneapolis, MN

Providence, RI

Hartford, CT

Dallas, TX

Scranton, PA

Chicago, IL

Worcester, MA

Columbus, OH

Boston, MA

Syracuse, NY

Provo, UT

Sarasota, FL

Orlando, FL

Pittsburgh, PA

Allentown, PA

Tampa FL

Philadelphia, PA

Milwaukee, WI

Oklahoma City, OK

Salt Lake City, UT

Grand Rapids, MI

Houston, TX

Baltimore, MD

Albany, NY

Atlanta, GA

Dayton, OH

Tucson, AZ

Washington D.C.

Cincinnati, OH

% Below National Average

Market Value*

-6.6%

-5.7%

-5.4%

-4.7%

-4.7%

-4.4%

-4.4%

-3.7%

-3.7%

-2.8%

-2.7%

-2.5%

-2.5%

-2.5%

-2.3%

-2.3%

-2.3%

-2.2%

-2.1%

-2.1%

-2.0%

-2.0%

-1.9%

-1.8%

-1.6%

-1.5%

-1.5%

-1.4%

-1.2%

-1.2%

-1.0%

-0.9%

-0.9%

-0.7%

-0.6%

-0.5%

-0.4%

-0.3%

Rank

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

U.S. Metro Area

Fort Wayne, IN

Springfield, MA

Corpus Christi, TX

Jacksonville, FL

Phoenix, AZ

Madison, WI

Harrisburg, PA

Lexington, KY

Los Angeles, CA

Austin, TX

Kansas City, MO

San Antonio, TX

Richmond, VA

Boise, ID

Charlotte, NC

Las Vegas, NV

Denver, CO

Reno, NV

Tulsa, OK

Colorado Springs, CO

Chattanooga, TN

New Orleans, LA

Louisville, KY

San Diego, CA

Nashville, TN

Saint Louis, MO

San Francisco,CA

Portland, OR

Oakland, CA

El Paso, TX

San Jose, CA

Greensboro, NC

Shreveport, LA

Indianapolis, IN

Birmingham, AL

Raleigh, NC

Columbia, SC

Baton Rouge, LA

Augusta, GA

Stockton, CA

Albuquerque, NM

Sacramento, CA

% Below National Average

Market Value*

-0.1%

-0.1%

0.0%

0.0%

0.1%

0.3%

0.4%

0.5%

0.6%

0.8%

0.9%

0.9%

0.9%

1.0%

1.0%

1.1%

1.2%

1.3%

1.4%

1.6%

1.7%

1.8%

1.8%

1.8%

1.8%

1.9%

1.9%

2.0%

2.2%

2.3%

2.3%

2.7%

2.8%

2.8%

2.9%

2.9%

3.0%

3.2%

3.4%

3.5%

3.8%

4.0%

Rank

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

U.S. Metro Area

Charleston, SC

Des Moines, IA

Virginia Beach, VA

Greenville, SC

Bakersfield, CA

Pensacola, FL

Lincoln, NE

Wichita, KS

Memphis, TN

Fresno, CA

Mobile, AL

Knoxville, TN

Little Rock, AR

Montgomery, AL

Seattle, WA

Jackson, MS

% Below National Average

Market Value*

4.0%

4.1%

4.3%

4.4%

4.6%

4.6%

4.7%

4.8%

4.8%

4.8%

5.3%

5.5%

5.8%

5.8%

6.4%

9.0%

*For this analysis, CarGurus compared Instant Market Value (IMV) data on more than 3

million used cars listed for sale in the largest metro areas in the contiguous U.S. to

determine how prices stack up in different parts of the country. CarGurus¡¯ Instant Market

Value (IMV) calculation is determined by a proprietary algorithm that analyzes millions of

car listings daily, factoring make, model, year, mileage, trim, options, accident history and

the specific location of millions of listings. To rank cities, analysts compared how average

prices in each metro area compare to the nationwide average. Metro areas are defined as

the area 50 miles around the city center. Used cars from model years prior to 2000 were

excluded from this study.

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