Car prices are still bonkers. These 15 models now cost more to buy used than new.
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.
Models that cost more used include the Toyota Tacoma, Tesla Model 3, and Ford Bronco Sport.
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 economy cars, indicating that even the most budget-conscious consumers are being forced to pay up. Check out the full list below:
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
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