The last couple of years have been a whirlwind for the automotive market. Due to shutdowns, supply line delays, and essential parts shortages, new cars have been hard to come by. With an increased demand for used cars, pre-owned prices shot up. While there seems to be some hope that things will return to normal, there are still quite a few used cars that cost more than their brand new counterparts.
What makes some used cars keep higher prices than others has to do with demand. People, now more than ever, want vehicles that have a solid reputation, excellent reliability reviews, and a good chance of lasting a long time. When demand is high, and the supply is low, prices are going to go up.
Here are some of the top used cars that cost more than their new models:
Mercedes-Benz G-Class
The G-Class SUVs are currently selling for around 21.5% (~$40,958) more than new models.
Chevrolet Corvette
The classic roadster Corvette is going for 16.4% (~$13.594) more than new modes.
Chevrolet Trailblazer
Chevy’s sporty SUV is currently selling for 14.4% (~$3,856) more than new models.
Toyota RAV4 Hybrid
You might have to pay 13.5% (~$5,002) more for this eco-friendly SUV.
Porsche Taycan
With style comes higher prices. A used Taycan will cost 11.2% (~$14,009) more than a new model.
Chevrolet Suburban
It’s no surprise that this large SUV is in high demand. It will cost around 14.4% (~$3.856) more.
Hyundai Accent
A used version of Hyundai’s flagship Accent currently costs 10.3% (~$1,886) more than a new model.
GMC Yukon
As one of the most spacious SUVs on the market, the Yukon is going for 10% (~$7,233) more than a new version.
Kia Rio
If you’re shopping for a used Rio, expect to spend 9.7% (~$1,824) more than new models.
Toyota Tacoma
If you want a Toyota pickup truck, a used Tacoma will run 9.3% (~$3,405) more than a new model.
Kia Seltos
The Kia Seltos is currently selling for 9.2% (~$2,441) more than its new model.
Toyota Sienna
Even minivans are feeling the heat. A used Sienna will cost 8.0% (~$4,065) more than a new model.
Toyota Corolla
The reliable and popular Corolla currently costs 8% (~$2,138) more used than new.
Ford Mustang Mach-E
Even though this innovative SUV has only been on the road for a short time, used models are running 8% (~$4,292) more than new models.
Toyota Prius Prime
The extra space in this used hybrid will run you 7.9% (~$2,508) more than a new model.
Sometimes Paying More Is Worth It
While some might advise waiting to shop for used cars until the market goes back to normal, that’s not always an option. If you’re in need of a vehicle sooner than later, you may have to bite the bullet. Luckily, not all of these used cars are astronomically higher in price, but that doesn’t mean the purchase won’t sting.
Another option is to pre-order your favorite new vehicles from your local dealer. While you may have to wait, you can get a custom-made car just for you without having to fight the current demand for used cars.
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