The Ford EcoSport never faired terribly well with both consumers and critics, and also ranked quite poorly on multiple Consumer Reports studies as one of the least-liked vehicles among owners and one of the least satisfying vehicles as well. Much of that played into Ford’s decision to end EcoSport production at the Chennai Assembly plant in India as the automaker ceased its manufacturing operations in that country altogether, as well as stop selling the crossover in North America. However, all of this has also made the 2019 Ford EcoSport a bit of a bargain, according to new data from Edmunds.
The 2019 Ford EcoSport joins the Ford Fusion Energi in that regard, as the electrified sedan topped the list of used cars that have experienced the largest price drop between its peak in 2022 and July. The 2019 Ford EcoSport finished sixth in terms of percentages with a price drop of $2,312 or 11 percent between its peak average transaction pricing of $21,005 in January to $18,693 in July.
That was good enough to earn the EcoSport a spot on this list behind the Fusion Energi (17.7 percent) and the Toyota Prius (16.5 percent), Nissan Murano (12.2 percent), GMC Yukon (11.6 percent), and Toyota RAV4 Hybrid (11.5 percent), as well as earn it a tie with the Mazda 3 (11 percent), and a ranking ahead of the Mitsubishi Eclipse Cross (10.5 percent), and Nissan Armada (9.2 percent).
These vehicles aren’t alone in terms of falling prices, however, as Edmunds found that among 200 different three-year-old vehicles, 92.8 percent experienced a drop of some sort last month compared to peak pricing this year. The average transaction price for three-year-old vehicles was $31,302 in July, a 4.6 percent decrease, or $1,526 compared to the peak ATP of $32,828 in January. Seasonality is playing a bit of a role in this trend, but so is an increase in inventory.
“Car shoppers can’t expect to find anything close to the doorbuster bargains of pre-pandemic Labor Day sales, but they can at least look forward to used car prices softening across the board heading into the holiday weekend,” said Jessica Caldwell, Edmunds’ executive director of insights. “Although these price drops are not earth-shattering, they should be a welcome reprieve for consumers compared to the continued higher cost of new car purchases or leases.”