Friday, 1 November 2013

While East Coast shoppers enjoyed better used car deals, iSeeCars' research determined that widening your car search could yield big savings no matter where you are located. "We learned that Washington DC had close to four times the number of deals as nearby Baltimore," said Phong Ly, CEO and founder of iSeeCars.com. "Similarly, Dallas and Austin are only about a few hours away but there were three times as many underpriced cars in Dallas than Austin."

iSeeCars today released a list of the top U.S. cities that offered the most used car deals (underpriced cars) for sale. iSeeCars analyzed 30 million used cars listed on iSeeCars.com over the past year and found that New York City had two times the underpriced cars than Los Angeles even though both cities had about equal number of cars for sale. iSeeCars classified good used car deals as at least five percent below iSeeCars' estimated market value. Eight of the top 10 best cities for used car deals were on the East Coast.


Based on the iSeeCars analysis, the top ten cities with the most underpriced cars as a percentage of all the cars for sale were New York City, Buffalo, Detroit, Cleveland, West Palm Beach, Miami, Washington DC, Hartford/New Haven, Boston and Philadelphia. On average, used cars priced under $15,000 in these cities listed at 10-14 percent below market value. New York City, Chicago and Los Angeles all showed more than 300,000 used car listings, but nearly 40 percent of used car listings in New York City were good deals, compared to Chicago at slightly more than 25 percent and Los Angeles at less than 20 percent.


While East Coast shoppers enjoyed better used car deals, iSeeCars' research determined that widening your car search could yield big savings no matter where you are located. "We learned that Washington DC had close to four times the number of deals as nearby Baltimore," said Phong Ly, CEO and founder of iSeeCars.com. "Similarly, Dallas and Austin are only about a few hours away but there were three times as many underpriced cars in Dallas than Austin."


To see a complete list of the top 50 cities, visit iSeeCars.com. To see an infographic of the 10 largest U.S. cities by percentage of underpriced cars, visit Used Car Deals in the 10 Largest U.S. Cities.

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