The Ford Expedition has long represented a solid value in the used vehicle market, ranking among the top 10 highest depreciating five year old vehicles, as well as one of the best 20-year-old used vehicles for the money. Now, the Ford Expedition is once again getting some attention for presenting used vehicle shoppers with a great value, as the large SUV was among iSeeCars’ top used cars with the biggest price drops, joining the Ford Mustang and Ford EcoSport in that regard – though those price drops were recorded from September through December 2022, while the Expedition’s decline pertains to December 2021 through December 2022.
The Ford Expedition ranked second on the list of used vehicles with the largest price decreases over that particular time period, with the average list price dropping $8,606 or 15.2 percent over that time span to $48,137. That ranks it behind only the Nissan Armada, which saw a year-over-year price drop of 16.9 percent, and ahead of all other used vehicles on the market, which averaged a price drop of three percent.
To come up with these numbers, iSeeCars.com analyzed over 1.9 million one-to-five year-old used car sales. The average listing prices of each model were compared between the two time periods, and the differences were expressed as a percentage and dollar difference. Heavy-duty vehicles, low-volume vehicles, vehicles discontinued as of the 2022 model year, and vehicles with fewer than four of the five model years for each period were excluded from further analysis.
“We’re still a long way from ‘normal’ but there are clear signs the elevated prices of the past two-plus years are coming to an end,” said Karl Brauer, Executive Analyst at iSeeCars.com. “It was easy to predict, given the macroeconomic factors we’ve seen over the past six months. With everything from inflation to interest rates hitting peak numbers there was no way the upward pressure on car values could continue. The next big question is – how far and how fast will car prices fall?”