The used car market is hot right now and the prices of used vehicles have increased more than ever. Buying a new car has a long waiting period and buying a used car has just become more expensive. However, if you are planning to get rid of your current car, now might be the right time.
If you put your Used Mazda CX 3 for sale or exchange it for a new one, you might end up getting a really good price for it. On the other hand, if you are looking for a used car, you might be wondering which cars are the most expensive and which should I avoid buying. The price of used cars has increased by more than 20% compared to last year and the percentage varies from car to car.
So for both of you, those planning to sell and those considering buying a used car, we have compiled a list of the used cars that are currently the most expensive and in high demand. We pulled the facts and figures below from a research and analysis website iSeeCars.com.
- Nissan Leaf
The popularity of the Nissan Leaf has increased over the past year and people are lining up to get one, all thanks to rising fuel prices. The Leaf is a promising small electric vehicle but has never had the market anticipation, but used Leaf models have gained popularity in recent times. An average used Leaf model now sells for around $ 20,015 and Leaf prices have jumped by almost 48.1% compared to last year. Last year you could buy a Leaf for around $ 14,000, but not this year the prices have jumped by a good margin.
- Mercedes-Benz G-Class
Well, it’s one of the most popular vehicles on the market and Mercedes-Benz is one of the many companies that have been hit hard by semiconductor shortages. The G Wagon has always been in high demand and since there were new ones buyers went looking for the new ones and this saw the former G-Wagon owners reserve very good profits. Last year a G-Wagon grossed around $ 110,000, but this year buyers pay around $ 160,000, an increase of almost 46% from last year.
- Chevrolet camaro
The Camaro has always been one of the company’s best-selling vehicles and with low production of new vehicles, potential Camaro buyers have been content to buy used vehicles. The average used Camaro sells for around $ 36,000 now, compared to around $ 25,000 last year. Prices for used Camaros have gone up by just over 45%.
- Lincoln Navigator L
The long-wheelbase edition of the luxury SUV saw a sudden increase in demand. Buyers are now paying around $ 20,392 more than what they did last year. The Navigator L brings in around $ 66,000, which is 44% more than it did in 2020.
- Lincoln Navigator
The short-wheelbase Navigator has also seen a big price increase and isn’t far behind its LWB sibling. If you are thinking of buying a used Navigator, you will have to shell out about $ 65,000, which is about $ 19,500 more than if you bought it last year. that of the browser prices have exploded by about 42% in the past year.
- RAM 1500
RAM is another company that is going through difficult times, is plagued by shortages, and production and production are low. As a result, used RAM vehicles and especially the 1500 saw a sharp price increase with the 1500 requiring almost 42% more than what he did last year. The RAM 1500 truck brings in around $ 40,000, $ 12,000 more than in 2020.
- Audi A5
That’s a little surprising, given all the frenzy for SUVs and crossovers. Nonetheless, there is still a small market for coupes and sports rears and the A5 is one of the most sought after and popular vehicles among this small group of buyers who just don’t want a SUV of. luxury. A used A5, on average, sells for around $ 44,400 and that’s approximately $ 13,000 more than last year.
- Ford Mustang
Yet another popular car and yet another company hard hit by semiconductor shortages. The used pony grossed over $ 10,500 more than last year. A used Mustang currently sells for around $ 36,476, or about 42% more than he did last year.
- GMC Sierra 1500
GM trucks were hit hard by component shortages and so there weren’t many new trucks coming off the line and those that did, chased sky-high margins. Preferred buyers pay more for used ones only for the new ones. Additionally, GM had cut back many features on the new 2022 trucks due to the chip shortage, and the MY 2021 and 2020 trucks had more features and equipment than the new ones. As a result, the average asking price for a used Sierra 1500 is around $ 47,700, up from $ 34,000 last year.
- Chevrolet Spark
The prices of used cars of all segments, styles and sizes have skyrocketed and even if you own a basic car like the Chevy Spark, you could still make a good profit selling it. The Chevy Spark, on average, currently costs around $ 13,900, which is about 40% more than last year.
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