Most Overpriced Used Cars

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Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

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, Automotive Editor - April 7, 2023
2023 Ford Maverick

The used car market has been going through strange dips and rises recently. Last year, the used car market saw used cars cost more than new models, as demand for used cars skyrocketed. Over the past year, used car prices have fallen, as automakers have been able to get new cars onto dealer lots. Despite the continued decrease in used car prices, some cars continue to be more expensive than their new car counterparts.

iSeeCars put together a list of the top 14 cars that are more expensive used than new. The vehicles go from high to low based on the percent difference compared to a used model over a new one. While you look at the list, keep in mind that the average used car costs $3,701 less than its new counterpart.

The number one car is the Ford Maverick. It’s 12.3% more expensive used compared to a new model. A used Maverick is $4,038 more than a new model, as a used model costs $36,777. There’s no surprises here. The Maverick is one of the most popular pickup trucks on the market and Ford has been lagging behind on getting hybrid models to market.

In second place is the Toyota Corolla Hybrid. It’s 7.9% more expensive on the used market and costs $2,038 more used. Third place goes to the Mercedes-Benz G-Class, which is 4.6% more expensive used. The G-Class has the largest price difference used versus new, as a used model is $8,633 more expensive than new. A used G-Class costs $196,228.

2022 Toyota Corolla Cross

Other vehicles on the list include the Toyota Sienna (3.7%), Toyota RAV4 Prime (3.5%), Toyota Corolla Cross (2.9%), Toyota RAV4 Hybrid (2.4%), Kia Carnival (2.2%), Ford Bronco (1.7%), Honda Civic hatchback (1.0%), Honda Accord Hybrid (0.4%), Chevrolet Corvette (0.4%), Kia Rio (0.1%), and Honda Accord (0.1%).

Toyotas dominate the list, which isn’t surprising as the automaker had a lot of problems getting vehicles to dealerships because of the semi-conductor chip shortage. Toyota is also known for having some incredibly reliable vehicles, so purchasing one as a used model is usually a safe bet.

Additionally, iSeeCars’ data reveals just how many hybrid models made the list. The outlet claims that it’s a sign of just how popular electrified vehicles are. Hybrids and plug-in hybrids have become more popular as shoppers looking to trade in gas-powered cars for vehicles that are more efficient.

If you can find one of the 14 vehicles on the list at a reasonable price as a brand-new model, you should go through with the purchase. Even if it requires waiting.

To get its data, iSeeCars analyzed over 8.9 million new and slightly used cars. On average, the outlet found that lightly used cars are 8.1% cheaper than their new counterparts. This is a massive shift compared to last year when average lightly used cars were 8.5% pricier than their new car equivalent. Last year, the average used car was $3,574 more expensive than their new counterparts, so seeing used cars cost $3,701 less is a major win for shoppers.

Pictured: 2023 Ford Maverick (Top), 2022 Toyota Corolla Cross (Middle)

Source: iSeeCars

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, Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

Follow On: Twitter

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