Used Luxury Prices Take Biggest Hit in January

January was a great month for some models and not so great for others according to a Cars.com report on used-vehicle pricing increases and decreases.

The model with the largest percentage change for the month — based on Cars.com data on used-vehicle listings with model years ranging from 2012 through 2014 — was the Chevrolet Express 1500, a full-size van, which saw a 4.8-percent pricing increase between the first and the end of January. Another Express variant, the 2500 model, also made it into the top-10 with a 2.9-percent increase in price, according to the Cars.com post authored by Mike Hanley. 

The model with the biggest monetary price increase, the Porsche Panamera, saw a $1,687 price upsurge last month, a 2.1-percent jump.

On the other end of the spectrum, many luxury cars, along with a few small passenger cars, took big hits this past month. Most notably among them is the Mercedes-Benz S-Class, which saw a 4.2-percent price drop in January, a decrease of $2,757.

Mercedess full-size luxury car was followed in the top-10 biggest drop list by three more German vehicles, all BMWs, including two 5-series vehicles, the 535i and the 528i, along with the Bavarian halo roadster, the Z4, all experiencing price drops roughly around 4 percent.

Full results of the Cars.com report can be found here.