- Used-car prices have been on the rise for months amid a shortage of new vehicles.
- Some used cars are now worth thousands more than their new, hard-to-find counterparts.
You're probably sick and tired of hearing about how expensive cars have become. Heck, we may be getting a wee bit tired of writing about it.
But today's absurd car market persists regardless of your or our feelings about it. And a lingering shortage of automotive-grade computer chips means that the scant supply of new cars — and consequently, inflated prices — will be with us for quite some time.
The new-car shortage has had some interesting (alternatively: cuckoo bananas) impacts on the cost of used vehicles. Namely: some popular models are in such short supply that people are paying more for a lightly-used vehicle than a brand-new one. Rather than suffer through the long wait for a new car, some buyers are paying a premium for a slightly older one with some mileage that they can have right now.
The automotive research site iSeeCars analyzed 1.5 million new and used car sales in January to identify 15 models that are now worth more lightly used than new. On the whole, lightly-used vehicles asked 1.3% more than their new counterparts. iSeeCars defined "lightly used" as used vehicles from the 2020 or 2021 model years.
The list includes trendy SUVs but also some compact
15. Hyundai Accent
- Average price new: $17,930
- Average price used: $19,940
- Difference: 11.2%, $2,010
14. Toyota Sienna
- Average price new: $45,187
- Average price used: $50,261
- Difference: 11.2%, $5,074
13. GMC Yukon
- Average price new: $72,998
- Average price used: $81,256
- Difference: 11.3%, $8,258
12. Subaru Crosstrek
- Average price new: $30,221
- Average price used: $33,744
- Difference: 11.7%, $3,524
11. Kia Rio
- Average price new: $17,881
- Average price used: $19,971
- Difference: 11.7%, $2,090
10. Kia Telluride
- Average price new: $45,924
- Average price used: $51,476
- Difference: 12.1%, $5,552
9. Toyota C-HR
- Average price new: $26,510
- Average price used: $29,740
- Difference: 12.2%, $3,230
8. Toyota Tacoma
- Average price new: $37,023
- Average price used: $41,553
- Difference: 12.2%, $4,530
7. Chevrolet Suburban
- Average price new: $70,454
- Average price used: $79,560
- Difference: 12.9%, $9,106
6. Toyota RAV4 Hybrid
- Average price new: $35,784
- Average price used: $41,082
- Difference: 14.8%, $5,298
5. Chevrolet Trailblazer
- Average price new: $27,360
- Average price used: $31,630
- Difference: 15.6%, $4,270
4. Ford Bronco Sport
- Average price new: $35,184
- Average price used: $40,950
- Difference: 16.4%, $5,766
3. Tesla Model 3
- Average price new: $46,614
- Average price used: $54,914
- Difference: 17.8%, $8,300
2. Chevrolet Corvette
- Average price new: $82,457
- Average price used: $99,102
- Difference: 20.2%, $16,645
1. Mercedes-Benz G-Class
- Average price new: $175,916
- Average price used: $238,621
- Difference: 35.6%, $62,705