The Consumer Price Index for used cars shot up a shocking 61.7% from June 2020 to February 2022. Since then, it has wound its way back downward by 15.8%, but remains much higher than the historical trend line.
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Not all car prices move in lockstep, however. In fact, this summer, some luxury cars have seen huge drops in price. Here are a few prime examples worth looking into if you’re in the market for a new (or new to you) vehicle.
BMW 7 Series (2020-2022)
Prices swing far more on the secondary market for used cars, rather than on new car lots at dealerships.
One set of used luxury cars that aren’t selling well in mid-2025 is BMW’s line of full-size sedans. “Some trims have dropped over 30% compared to early 2024,” observed Alex Black of used car research platform EpicVIN. “Big sedans just aren’t in demand right now, and repair costs scare off some buyers.”
Still, the 7 Series offers great technology, comfort, safety and BMW’s famous handling.
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Mercedes-Benz S-Class (2018-2020)
Another full-size German luxury sedan, S-Class sales have also suffered on the secondary market.
“Prices recently dropped up to 25% to 30%, depending on mileage,” added Black. “Newer technology has made the older S-Class feel dated fast, but you still get flagship-level comfort at half the price.”
Just beware that like the BMW 7 Series, you’ll pay more for repairs and maintenance than you would for more modest rides.
Jaguar I-PACE (2019-2021)
Jaguar’s fully electric SUV offers a lot to like, from its fun, all-wheel drive dynamics and quick acceleration to its sleek design and luxurious interior. But Jaguar discontinued it because it didn’t sell well.
“While EV sales are off everywhere, I-PACE sales fell harder, some down 40%,” added Black. “Worries about range and slow charging make them tough to move. They offer a potential bargain on a luxury EV if you only drive around town.”
Volvo XC90 (2024-2025)
Looking for a deal on a new luxury SUV? You may be able to negotiate one on 2025 (and new 2024) models that haven’t moved yet, especially as we enter fall.
Melanie Musson serves as an automotive expert for AutoInsurance.org, and sees an opportunity for buyers of this full-size SUV.
“Thanks to the Volvo XC90’s redesign coming out, the early 2025 model has experienced a price reduction to encourage buyers to clear out dealer lots to make room for the new models,” Musson said.
Maserati Grecale (2024-2025)
If you’d prefer a smaller, sportier, almost-exotic SUV, the Maserati Grecale could fit the bill.
Maserati has struggled to move inventory, so they’ve grown more aggressive in selling. After adding a new GT trim in mid-2025, demand has slowed for other trim levels, according to Ruth Calkins, auto expert and general manager of FindByPlate.
“The Maserati Grecale is currently facing stiff competition from other luxury vehicles, and they’ve responded by slashing prices and introducing new trims to help sustain customers’ attention,” Calkins noted.
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This article originally appeared on GOBankingRates.com: 5 Luxury Cars That Have Seen Massive Price Drops This Summer
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