Over the past few years, used vehicles have – in many cases – cost as much or more than newer models, largely due to production and supply constraints. However, with inventory ramping back up in a big way over the last couple of months, this unusual trend is beginning to go away, and the market is returning to normal. As such, in many cases – but not all – used vehicles are once again cheaper to buy than new ones, but Ford Edge customers in Grand Rapids and Kalamazoo, Michigan, have an even more compelling reason to go that route, according to iSeeCars.
That’s because the Ford Edge – which has long represented a solid used vehicle value – is currently selling for $45,045, on average, in the Grand Rapids and Kalamazoo markets in lightly-used condition. This is notable because that figure is a whopping 29.2 percent or $13,150 less than a new equivalent, making it the top used vehicle choice for customers that live in one of those two cities, according to this new report.
To come up with this data, iSeeCars looked at 1.6 million new and used vehicle listings between January and March 2024, with its definition of “lightly used” referring to 2022-2023 model year vehicles with odometer readings within 20 percent of 13,476 miles – the average number U.S. drivers cover in a year, which is also quite low and acceptable even for those that want the latest and greatest in terms of technology.
“Car buyers seeking the best value often shop used models instead of new,” said Karl Brauer, iSeeCars executive analyst. “While a used car almost always costs less than it did new, some models lose more than 25 percent of their value after just one year, giving buyers a near-new ownership experience at a substantial savings.”
We’ll have more on the Edge soon, so be sure and subscribe to Ford Authority for more Ford Edge news and non-stop Ford news coverage.
Comment
I would never buy another Ford after my experience with a Ford EcoSport.
The car has been sitting in a Ford dealership since Xmas and nobody knows when it will be fixed because Ford doesn’t know how to fix it.
They just provided us with a loner a couple weeks ago, and will probably have to exchange it a few times for all this is sorted out.
Never again will I allow my life to be turned upside down by a Ford vehicle.