Used car prices in Erie have increased by 2.9%, or $831, over the past year, outpacing the 2% national average increase, according to a new study from iSeeCars.

The study analyzed more than 2.4 million used cars aged 1 to 5 years.

It found that used car prices nationally have been rising over the last three months, reversing the downward trend seen throughout 2023 and 2024.

While prices overall are up, electric vehicles, especially Teslas, have seen the largest declines. Tesla prices dropped by 8.4%, and four Tesla models made the national top 10 list of biggest price drops.

Biggest Used Car Price Drops in Erie (May 2025):

   •Chevrolet Malibu – $17,497 (↓ $2,343 / -11.8%)

   •Ford Escape – $22,170 (↓ $1,219 / -5.2%)

   •Chrysler Pacifica – $30,204 (↓ $1,610 / -5.1%)

   •Subaru Outback – $27,644 (↓ $1,120 / -3.9%)

   •Jeep Grand Cherokee – $30,239 (↓ $1,038 / -3.3%)

Biggest Used Car Price Increases in Erie (May 2025):

   •Chevrolet Blazer – $32,670 (↑ $5,857 / +21.8%)

   •Hyundai Tucson – $24,686 (↑ $3,653 / +17.4%)

   •Mitsubishi Outlander – $26,465 (↑ $3,305 / +14.3%)

   •Honda Pilot – $35,166 (↑ $4,183 / +13.5%)

   •Subaru Crosstrek – $24,426 (↑ $1,940 / +8.6%)

Experts attribute the recent surge to ongoing supply issues.