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If you are in the car buying market or considering selling your ride, you’ll want to know which used car values are increasing. In February 2023, I wrote: Are you sitting on a goldmine? 4 used cars reselling above sticker price. Now I’m back with a fresh list of makes and models currently increasing in value. Note that the value of your specific vehicle may not have increased this much last year, but the value of the average one-to-five-year-old example of this make/model has increased.

  1. Mercedes-Benz SL-Class (+14.3%)
  2. Fiat 500X (+6.5%)
  3. Chevrolet Suburban (+6.2%)
  4. Porsche 911 Convertible (+5.0%)

Mercedes-Benz SL-Class (+14.3%)

Birds-eye view of a silver Mercedes-Benz convertible with a tan interior.
Used car lot | Mario Tama via Getty Images

One of the most absurd used car value jumps last year was for the redesigned (2019-present) Mercedes-Benz G Wagon. It became such a popular status symbol, with such a long waitlist, that some of these SUVs were going for twice their MSRP. The Mercedes G Class bubble has burst, and they are now reselling for only their original MSRP. But the Mercedes-Benz SL-Class may be the next internet-famous status symbol. The average used SL-Class is changing hands for 14.3% more money than this time last year. In Mercedes-Benz dollars, that translates to $12,352 more per sale. Mercedes-AMG ended production of the sixth-gen SL in 2020, not releasing the seventh-gen until 2022. So there may be a limited supply of gently-used Mercedes-AMG SL Class coupes available right now.

Fiat 500X (+6.5%)

Bright yellow Fiat crossover parked off-road.
2018 Fiat 500X | Stellantis

What if we lifted a Fiat and gave it AWD? Stellantis answered this nonexistent question when it released the Fiat 500X in 2016. This exotic Jeep Renegade counterpart has been selling very well. In fact, the average used Fiat 500X is up 6.5% in the past 12 months. That means this used car’s value is up $1,336 to $22,041 on average.

Chevrolet Suburban (+6.2%)

Two 2023 Chevrolet Suburban full-size SUVs are parked. Gray (L), Black (R).
Two 2023 Chevrolet Suburbans are parked | Chevrolet

With the longest-running model nameplate in automotive history, you could argue that the Chevrolet Suburban is the best-selling car of all time. This truck-based SUV certainly has the looks, prestige, and reputation for Silverado-like durability to hold its value. And with gas prices leveling out again, I’m not surprised that the value of certain used SUVs is on the rise. The price of a used Suburban is up 6.2% in the past year, landing at an average of $53,554.

Porsche 911 Convertible (+5.0%)

Black Porsche convertible driving along a dirt road.
Porsche 911 Convertible | Barons World of Classics via Unsplash

The used cars that hold their value for the longest are the ones with few visual changes from one model year to the next. These include “got it right the first time” modern classics such as the Jeep Wrangler, Mercedes G-Wagon, and multiple Porsches. An older example of one of these vehicles still looks at-home on today’s roads and so buyers will dish out more for it. The Porsche 911 was one of the used cars selling for more than its MSRP during last winter’s feeding frenzy, so I’m unsurprised that it is still commanding high prices on the used vehicle market.

These used car values are unusually high

The average one-to-five-year-old used car’s price is currently dropping. They are still higher than pre-pandemic levels, but falling between 2.9% and 3.6% each month. So a make/model worth as much as it was this time last year is holding its value very well. All the vehicles on iSeeCars‘ list have increased in value, though some just 3.8%

The list includes some unsurprising models. There are two more Porsches and GMC’s version of the Suburban (the Yukon). But you might not expect to see the Nissan Frontier, Volkswagen GTI, or a slight increase in the value of BMW 2 Series sports cars. Here’s how they stack up:

  1. Mercedes-Benz SL-Class (+14.3%)
  2. Fiat 500X (+6.5%)
  3. Chevrolet Suburban (+6.2%)
  4. Porsche 911 Convertible (+5.0%)
  5. Porsche 718 Cayman (+4.7%)
  6. GMC Yukon (+4.6%)
  7. Nissan Frontier (+4.3%)
  8. Porsche 718 Boxster (+4.3%)
  9. Volkswagen Golf GTI (+3.8%)
  10. BMW 2 Series (+3.8%)

Next, find out how to buy a new car amidst never-ending supply chain pain, or see why you want to run away from a used car with tape on its dashboard.

You can also learn more about the used car market in the video below: