If You Own a Subaru Impreza WRX You Just Made $81
Congratulations! If you own a recently manufactured Subaru Impreza WRX, you just made a little money! However, it may not be in the way you thought. Per a new study by iSeeCars, owners of newer used Rex models are among those who profited from the recent used auto market hysteria. Resale values are up for models on the list, and the WRX is one, albeit just barely.
Congrats, Subaru Impreza WRX owner
This frankly isn’t a common trend, especially with used sporty models like the Rex. It’s a bit of a trope, but a true one: sporty cars depreciate quickly. If you require proof, simply look at the values of any number of used sports sedans or coupes over the last year. However, Subaru Impreza WRX models are known to at the very least retain their value due to their popularity and reliability.
Now, thanks to the current state of the auto market, recently manufactured models have actually appreciated. $81 may not seem like much of a value increase, but keep in mind this is an average. A 2018 model likely appreciated less than a 2020 model Subaru Impreza WRX simply due to its age. That means the newer your model, the more appreciation you’ll see. But why?
Why did owners just make money?
All of this recent appreciation in newer used models has to do with the shortage of semiconductors occurring right now. The shortage was brought on by the pandemic and a recent increase in demand. These little electronic components control everything in new cars. Because of the shortage, it has become hard for manufacturers to push out new models to satisfy recent demand.
As a result, consumers are willing to pay for a car they can get in and drive right now rather than waiting for a new model that may take much longer to arrive. Evidently, this is exactly why all you lucky Subaru Impreza WRX owners made a little money. Used owners were helped by the fact that Subaru, for whatever reason, was hit particularly hard by the chip shortage.
The Rex isn’t the only example of this
Funnily enough, this isn’t the first time Subaru Impreza WRX models have risen in value. Older generation models like the one above have been on the rise for years, especially low-mileage and unmodified examples. Outside the world of Subaru, other “new” used models are seeing appreciation as well. Generally, the more popular the car, the higher the demand. Think Kia Telluride.
It’s hard to say how much longer owners will be able to ride this wave of appreciation, but if you’re looking to get out of your 2018-2020 Subaru Impreza WRX, now may be the time to sell. If you’re in the market for a newer WRX, it’s best to wait, as the seller’s market won’t be going anywhere until the semiconductor shortage comes to an end.