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Ford Expedition Among Top Used Cars With Biggest Price Drops

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?”

We’ll have more on the Expedition soon, so subscribe to Ford Authority for the latest Ford Expedition news and for ongoing Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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Comments

  1. EcoBoost29579

    All these Fords (Expedition, Mustang, Fusion…) with big used price drops is nothing to crow about. It’s bad news for current owners and makes it less likely that they’ll trade-in for a new one. Stop spinning it into good news, it’s very bad news.

    Reply
    1. RWFA

      It’s great news if you’re in the market for a good used vehicle.

      The article was written with this framing and it’s not illegitimate.

      Sure, it’s too bad for those that buy and flip vehicles but that’s not most people anyhow.

      Reply
    2. HarleyRich

      Yeah, they make it sound like it’s better than the discovery of peanut butter???? Insure didn’t feel it was something to crow about. Was looking to sell my 21 XT4, But the prices I was quoted, even from vroom & edmunds were enough for me to keep it. Was looking to buy a C7 Vette. Now those prices didn’t seem to drop!!!’

      Reply
  2. Richard Jones

    There’s nothing appealing about that Ford Expedition, the competition is out selling the Expedition 3 to 1, it is as if Ford doesn’t even care about the look of the expedition, it might as well go back to selling station wagons. Ford needs to part ways with the current engineers, hire someone who was not born in the 1940s and does not wear socks with sandals. Ford need to hire some fresh young Engineers if Ford want to be competitive in the large SUV segment. The engineers you have now is out of touch on reality

    Reply
    1. RWFA

      LoL. If you are trying to tell us you haven’t a clue what engineers do but are generally jealous of their education and creativity, you’ve done a pretty good job.

      The engineers aren’t the ones who define the style (that’s Design), nor the price points allotted to the items in the BOM (that’s Finance).

      Then it’s up to engineering, purchasing and quality to run after the physical items which fulfill performance, price and quality targets.

      But the reality of the mid lifecycle Expedition is it’s not going to get big updates as long as it sells adequately and generates a decent profit because the capital and organizational resources are deployed elsewhere.

      Also, given Steve Jobs’ old Birkenstocks sold for a 1/4 million and that the younger generation has branded Normcore things like socks and sandals as cool, you might be getting a bit old if you are looking for engineers wearing IBM blue suit and red tie combo or any kind of pocket protector.

      PS, and just what generation do you think Ford has been busy retiring and buying out and to make room for what generation?

      Reply
    2. Mike says...

      Sorry… but you sound like somebody born in the 1940s….just an observation mate!

      Reply
      1. RWFA

        Im not sure if that’s a compliment or not, probably not, but lol anyway because your observation is off by decades.

        On that basis, sad having a viewpoint informed by history, much experience, current facts, a forward looking outlook, and a willingness to push back against bad faith BS in a cogent way without ending sentences in “so”, or “just sayin’”, is equated with something only older generations are capable of.

        Still not sure what the purpose of the ageist statement was tho.

        Sorry mate. Just sayin’!

        Reply
        1. Mike says...

          My comment was meant for Richard Jones above…. I appear to have selected the incorrect ‘reply’ selection… in any case RWFA, See Richards…needs to part ways with the current engineers, hire someone who was not born in the 1940s and does not wear socks with sandals. Ford need to hire some fresh young Engineers if Ford want to be competitive in the large SUV segment.’ for my repartee!

          Reply
  3. Bill

    I wonder if the lower prices are a reflection of the poor quality of these vehicles and the real risk of expensive repairs or physical harm. If you buy an older Expedition with the 5.4L Triton V8, you always have to worry about the cam phasers failing or bits of the spark plugs falling into the cylinders during a change (assuming they haven’t popped out of the cylinder head). With the 2015 to 2017 models, you can’t use the heat because of the chance that the blower motor will go up in flames. Sure, Ford has issued a recall, but the fix is not going to be available until the spring. With the 2018 model year vehicles and beyond, there unbelievably is yet another cam phaser/ cam shaft issue. Finally (to my knowledge), I believe there is another electrical issue which could result in the vehicle going up in flames. Some have cited this as the cause of Biden’s motorcade BBQ on Martha’s Vineyard.

    Reply
    1. RWFA

      The late November fire was caused by an Expedition that had been recalled the previous May for an electrical junction box issue but had not been returned for repair in the intervening 1/2 year.

      Reply

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