These Used Cars Have Seen Prices Increase the Least in 2021
Used cars have been spiraling out of control due to the poor selection of new cars as a result of the pandemic and related assembly line closings. And the used cars that have spiked in price you wouldn’t want to be buying right now. But there are some used models that have barely eked up in price. That’s what we’ll look at here.
These used cars are a good mix and a range of prices
According to iSeeCars, these are the used cars that have seen increased prices of between 0.3 and 0.6 times what used to be the average. It is a good mix of vehicles. And it hits different price points depending on how much you have to spend.
First on the list is the Mercedes GLC. It is one of the highest-rated vehicles in its class. But it is also one of the most expensive models, with an average price of $34,000. That could be the reason prices for them have not gone up-they are expensive, to begin with.
The midsize Volvo XC90 comes in second. It, and the third-place compact Audi SQ5, hovers at around $40,000. Fifth place goes to a midsize Audi Q7 which also is selling in the high-$30,000 to low- $40,000 range. It resides in the same luxury category as the GLC.
These used SUVs might counter the high-priced large SUVs
The Subaru Crosstrek comes in fourth place. In that same category, the ninth Mazda CX-3 and tenth-ranking Mitsubishi Outlander all constitute subcompact SUVs and are some good-rated models. With the Outlander having just been redesigned, it tends to lower the prices of older models. If you need an SUV these might be a good choice should you be turned off by the huge spikes in full-size SUVs.
Coming in sixth is the Tesla Model S. Still the flagship for Tesla, it has lost sales to the lower-priced Model 3 and Model Y. Still, at $52,771 a used Model S sedan is still more than either other Tesla new.
A used sedan might fit your budget and needs
So, if you’re looking for a sedan but not the Model S, how about a Hyundai Accent. This subcompact ranked seventh, with an average price of $11,500. If that is too small, maybe an Audi A7 is in the cards.
This is Audi’s large sedan, which has seen dwindling popularity for a few years. With its redesign in 2019, A7s built earlier will see fewer asking prices. Average sales prices are around $38,700.
Keep in mind that as new car inventories slowly get back to normal the high used car prices won’t last. If you can hang onto the vehicle you have now you may reap the rewards of waiting. But the wait will last in 2022, so be patient. Otherwise, you might want to check into the cars listed above.