(iSeeCars) – Used car prices person been dilatory declining since February, but according to the latest survey by car hunt motor iSeeCars.com, galore lightly-used cars are much costly than their caller versions.
- The mean lightly-used car is 1.0 percent little costly than its caller version
- Mercedes-Benz G-Class arsenic a utilized conveyance is the astir costly implicit its caller version
- The database of vehicles that are much costly utilized than caller is simply a premix of 2 extremes: gas-guzzling costly SUVs and economical tiny cars
- Nissan is the astir represented automaker for lightly-used cars that supply the top savings implicit their caller versions
iSeeCars.com analyzed asking prices from implicit 1.5 cardinal caller and utilized cars sold successful April 2022 and recovered the mean 1- to 5-year-old utilized car costs conscionable 1.0 percent little than its caller version. It identified the apical 15 lightly-used cars that person the top terms quality compared to their caller versions, arsenic good arsenic the caller cars that are much costly than their utilized versions.
“Used car prices person improved since January, erstwhile the mean utilized car was really much costly than its caller version,” said iSeeCars Executive Analyst Karl Brauer. “The mean lightly utilized car is presently conscionable 1.0 percent oregon $454 little than its caller version, and erstwhile you comparison that to prices earlier the microchip shortage erstwhile the mean lightly-used car cost 17 percent less, you spot that utilized car prices are inactive good supra normal.”
Best Cars to Buy New: Used Cars with The Highest Increases Over New Versions
iSeeCars has identified 15 utilized cars that are much costly than their caller car equivalent. The database of cars that person the top differences includes a premix of conveyance types led by SUVs arsenic good arsenic a wide scope of terms points.
|Top 15 Used Cars More Expensive than New – iSeeCars|
|Rank (By Percentage)||Model||% Used Price More than New||$ Used Price More than New|
|1||Mercedes Benz G-Class||21.5%||$40,958|
|4||Toyota RAV4 Hybrid||13.5%||$5,002|
|13||Toyota Corolla Hybrid||8.0%||$2,138|
|14||Ford Mustang Mach-E||8.0%||$4,292|
|15||Toyota Prius Prime||7.9%||$2,508|
The lightly-used conveyance that has the biggest terms quality implicit its caller mentation is the Mercedes-Benz G-Class, with an mean 21.5 percent much amounting to $40,958. “The Mercedes-Benz G-Class opulent off-roader is simply a presumption awesome that had grounds income numbers successful 2021,” said Brauer. “Its occurrence led to a shortage of caller versions, with hold times exceeding a year, forcing dealers to halt orders successful January and starring well-funded buyers to the utilized car marketplace.”
Two electrical vehicles, the Porsche Taycan luxury electrical sedan and the Ford Mustang Mach-E besides marque the list. “The in-demand Taycan commands a six-month waiting database for its caller versions, and with an mean utilized car terms of $138,714, well-heeled buyers are consenting to wage much than they would for a caller version,” said Brauer. “The caller for 2021 Ford Mustang Mach-E has besides been a blistery seller since its debut, with Ford shutting down caller orders and the existent hold clip for a caller exemplary exceeding 32 weeks.”
The Chevrolet Corvette ranks fourth, with lightly-used versions costing an mean of 16.4 percent much than its caller version. “The mid-engine Chevrolet Corvette is 1 of the astir highly-anticipated American sports cars ever made, and request for the car has exceeded proviso since its motorboat for the 2020 exemplary year,” said Brauer. “Dealers person a backlog of orders for the 2022 model, and agelong waitlists person formed for the high-performance Z06 mentation coming for the 2023 exemplary year, elevating request for lightly-used versions.”
Two new-for-2021 subcompact SUVs marque the list: the Chevrolet Trailblazer and the Kia Seltos. “The Chevrolet Trailblazer has been successful precocious request since its debut, and had a 65.6 percent alteration successful caller car income successful the archetypal 4th of 2022 owed to proviso constraints,” said Brauer. “Similarly, the Kia Seltos decreased successful income by 33.8 percent implicit the aforesaid period, meaning a deficiency of inventory combined with a surge successful state prices has boosted request for utilized versions of these tiny SUVs.”
Five Toyotas marque the database including the Toyota RAV4 Hybrid compact SUV, the Toyota Tacoma midsize pickup truck, the Toyota Sienna minivan, the Toyota Corolla Hybrid, and the Toyota Prius Prime plug-in hybrid. “Toyota is 1 of the automakers with the lowest inventories, and request for the RAV4 Hybrid, Corolla Hybrid, the hybrid Sienna minivan, and Toyota Prius Prime plug-in hybrid exceeds supply, particularly amid precocious state prices,” said Brauer. “The Toyota Tacoma continues to predominate the midsize pickup motortruck marketplace arsenic utilized versions bid a premium amid inventory constraints.”
Two full-size SUVs from General Motors besides marque the list: the Chevrolet Suburban and the GMC Yukon. “Demand for full-size SUVs continues to turn arsenic some of these vehicles saw increases successful income for the archetypal 4th of 2022 implicit 2021,” said Brauer. “With the debased inventory of these fashionable models, buyers are consenting to wage other for lightly-used models.”
Two subcompact cars circular retired the list: the Kia Rio and the Hyundai Accent. “These vehicles are among the astir affordable cars connected the market, and the surge successful utilized car prices person made economical cars similar these the lone affordable options for galore consumers,” said Brauer. “It’s apt buyers spot their utilized car terms tags of nether $20,000 and don’t examination store against caller prices for the aforesaid models, which outgo astir $2,000 little – assuming you tin find 1 connected a trader lot.”
For a database of caller cars that are the astir costly implicit their utilized versions, notation to the full study.
When deciding betwixt a caller and a lightly-used mentation of the aforesaid vehicle, determination are important things to consider. “While buying lightly-used typically provides upfront outgo savings compared to buying new, this is nary longer the norm successful today’s market,” said Brauer. “Shoppers looking for lightly-used cars should ever comparison the prices to caller cars, and buyers who are incapable to find the caller car they privation should debar vehicles with the highest used-car terms increases if they determine to spell utilized instead.
More from iSeeCars.com:
iSeeCars.com analyzed implicit 1.5 cardinal cars sold betwixt April 1, 2022 and April 30, 2022. New cars included successful the investigation were from exemplary years 2021 and 2022, portion lightly-used cars were defined arsenic utilized vehicles from exemplary years 2020 and 2021. Low-volume models were excluded from the analysis, arsenic were cars with outlier mileages and models discontinued arsenic of the 2021 exemplary year. The mean asking prices of the lightly-used cars were compared to those of caller cars from the aforesaid model. The quality successful terms for each car was expressed arsenic a percent of the caller mean prices and ranked by this difference.
iSeeCars.com is simply a car hunt engine that helps shoppers find the champion car deals by providing cardinal insights and invaluable resources, similar the iSeeCars VIN check reports and Best Cars rankings. iSeeCars.com has saved users implicit $337 cardinal truthful acold by applying large information analytics powered by implicit 25 cardinal (and growing) information points and utilizing proprietary algorithms to objectively analyze, people and fertile millions of caller cars and utilized cars.
This article, the Top 15 Cars That Cost More Used Than New, primitively appeared connected iSeeCars.com.