Ford Authority

Ford Mustang Among Top Used Cars With Largest Price Drops

Aside from attracting plenty of eyeballs on the new vehicle market, the Ford Mustang has also long represented a solid value as a used car too, ranking among iSeeCar’s top ten used vehicles with the smallest price increases more than once and making the list of the top 10 vehicles that hold their value the best, though that same company’s Car Affordability Index released last fall found that the pony car was past the point of being what one might call “affordable.” Now, iSeeCars has released the latest data revolving around used car prices, and found that the Ford Mustang has experienced one of the largest price drops of any such vehicle over the past few months.

The Ford Mustang ranked third on the list of used vehicles with the largest price decreases from September through December 2022, with the average list price dropping $3,495 or 11.5 percent over that time span to $26,852. That ranks it behind the Tesla Model 3 (down 16.8 percent) and the Nissan Kicks (11.9 percent), and ahead of the Hyundai Ioniq Hybrid (11 percent), Toyota RAV4 (8.9 percent), Jaguar E-Pace (8 percent), GMC Acadia (7.7 percent), Ford EcoSport (7 percent), Toyota Camry (7 percent), and Audi SQ5 (6.8 percent), as well as the industry average, which actually increased by 0.6 percent.

To come up with these numbers, 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 “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 insights like this to share soon, so be sure and subscribe to Ford Authority for more Ford Mustang news and comprehensive 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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  1. T

    Sold my nearly 4 year old Mustang GT, with a few standard mods(exhaust, rims etc), with 42K miles for 30K to Carmax, when i paid 35K for it. I would have been stupid not to sell it over a year ago. Glad i did!

  2. Mark B

    Timing when to sell anything for minimal loss or even a profit is probably a mistake. Buy it, enjoy it, and don’t worry about its residual value.

    What something is worth, usually has a large emotional component, and emotions are fickle.

  3. Sally

    It’s more economical to buy a CPO Mustang than a new one. Get more content at a lower price. Let someone else pay full price (or inflated price) and take the hit. Plus, you don’t have to wait forever for the used car because it’s on the market and available.

    1. RWFA

      But oh, that new car smell…

  4. David Dickinson II

    I’m getting emails from my local dealer for $4k/5k/6k off new Ford MSRP (but not Mustang). Times are a changin’

  5. Shawnski

    I think it has to do more with a reduction in valuations for the GT350 and GT500.


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