Miami and New York City are the cheapest cities to buy the most popular used cars; Seattle and Memphis are the most expensive cities

Woburn, Mass. (December 19, 2013) – If you’re in the market for a used car, you know that many things will factor into the price, but did you know that location is one of them too?  iSeeCars analyzed 30 million used car listings for sale throughout this year to find out which used cars are the most popular of 2013 and where those cars are the most and least expensive now and going into the new year.

ford_escape_2009Look to the east coast for great deals on the most popular used cars. Miami, New York City and Buffalo, NY, offer the best deals on eight of the 10 most popular used cars. Miami is the least expensive city to buy five of the 10 most popular used cars, including the Chevrolet Impala, Nissan Altima, BMW 3 Series, Chevrolet Malibu and Ford Escape. New York City and Buffalo are the cheapest cities to purchase three of the 10 cars, including the Honda Civic, Honda Accord and Chevrolet Silverado 1500.

Top 10 Most Popular Used Cars of 2013 and Where They Are the Cheapest

Car

National Avg Market Price

Least Expensive City

(% below National Avg Market Price)

Chevrolet Silverado 1500

$18,928

New York, NY

(-9.5%)

Honda Accord

$15,098

Buffalo, NY

(-8.4%)

Ford Escape

$19,137

Miami-Ft. Lauderdale, FL

(-8.4%)

Honda Civic

$13,920

New York, NY

(-7.5%)

Chevrolet Malibu

$15,673

Miami-Ft. Lauderdale, FL

(-7.1%)

Toyota Camry

$15,177

Cleveland-Akron (Canton), OH

(-6.6%)

Chevrolet Impala

$10,457

Miami-Ft. Lauderdale, FL

(-6.2%)

Nissan Altima

$15,760

Miami-Ft. Lauderdale, FL

(-6.2%)

BMW 3 Series

$25,039

Miami-Ft. Lauderdale, FL

(-5.6%)

Ford F-150

$21,483

Detroit, MI

(-3.5%)

 

2013-chevrolet-silverado-1500

Of the 10 most popular used cars of 2013, the Chevrolet Silverado 1500 has the best deals. And, you may not associate a truck with an urban jungle, but the best deals on the Silverado can be found in New York City, where prices are 10% cheaper than the national average.

Seattle and Memphis are the most expensive cities to buy five of the 10 most popular used cars, including the Nissan Altima, Honda Accord, Honda Civic, Chevy Malibu and Toyota Camry. The Nissan Altima has the worst deals of the 10 cars at about 7% more expensive than the national average in Memphis, TN.

Top 10 Most Popular Used Cars of 2013 and Where They Are the Most Expensive

Car

National Avg Market Price

Most Expensive City

(% above National Avg Market Price)

Nissan Altima

$15,760

Memphis, TN

(6.7%)

Chevrolet Impala

$10,457

St Louis, MO

(6.4%)

Honda Accord

$15,094

Seattle-Tacoma, WA

(6.2%)

Ford Escape

$19,137

Indianapolis, IN

(5.0%)

BMW 3 Series

$25,039

Detroit, MI

(4.8%)

Honda Civic

$13,920

Seattle-Tacoma, WA

(4.7%)

Ford F-150

$21,483

Denver, CO

(4.4%)

Chevrolet Malibu

$15,673

Memphis, TN

(4.7%)

Toyota Camry

$15,177

Memphis, TN

(4.3%)

Chevrolet Silverado 1500

$18,928

Charlotte, NC

(4.1%)

 

honda_accord_2010If you’re shopping for a used Honda Accord, prepare to see quite a swing in price depending on your location. The Accord has the largest variance between the least and most expensive city of almost 15%.  Offering an average price of nearly 9% below the national average, Buffalo has the best deals on the used Accord.  The most expensive city to buy a used Accord is Seattle, where average prices are 6% higher.

Top 10 Most Popular Used Cars of 2013 Ranked by the Largest Difference between the Least and Most Expensive City

Car

% Difference Between the Least and Most Expensive City

Honda Accord

14.6

Ford Escape

13.7

Chevrolet Silverado 1500

13.6

Nissan Altima

12.9

Chevrolet Impala

12.6

Honda Civic

12.2

Chevrolet Malibu

11.8

Toyota Camry

10.9

BMW 3 Series

10.4

Ford F-150

7.9

 
2012-ford-f-150The Ford F-150 has the smallest difference between the cheapest and most expensive city by 8%.  The best deals on a used Ford F-150 are in Detroit where average prices are 3.5% less than the national average, while the most expensive city is Denver where prices are about 5% more.

“All of the cars have double digit percentage differences between the cheapest and most expensive city except for the Ford F-150,” Phong Ly, co-founder and CEO of iSeeCars.com said.  “The variance in pricing across geographies may be due to local demand, dealer competition, and market conditions.  This suggests consumers should shop around and not only compare similar cars within their own city but perhaps also consider nearby cities or even look in NY cities or Miami where the most deals are found.”

Methodology:

iSeeCars analyzed 30 million used car listings for sale in the U.S. over the course of the year and selected the top 10 most popular cars of 2013 based on the most number of cars sold / for sale.  For each of the most popular car, the least expensive and most expensive city to buy the car was determined based on comparing recent pricing data across the largest 50 U.S. city metropolitan areas (DMA) by population by calculating the average market price for the used car in each city against the average market price nationally.  The least expensive city had the largest percentage below the national average market price while the most expensive city had the largest percentage above the national average price.  The “Market price” of a used car is determined using a proprietary predictive algorithm that analyzes similar cars for sale locally and nationwide – those with the same year, make, model, trim, options, mileage, and other factors.

About iSeeCars.com:

iSeeCars is a car search engine that helps consumers find the best deal by providing key insights and analysis about each used car.  The proprietary iSeeCars algorithm ranks cars by calculating an overall score based on analysis of the car’s condition, history, negotiability, price and the seller. Based in the Boston area, iSeeCars was founded by former TripAdvisor and SAP developers and executives determined to improve the used car shopping experience.

Search used cars for sale and find the best deals near you at iSeeCars.com.
To get a FREE iSeeCars VIN Report for a car, click here.