“Trade-in values for popular sports cars have soared due to the shortage of new inventory and the popularity of the segment amid the pandemic,” said Brauer. The Dodge Charger muscle car ranks fourth. “Demand for these popular models has outpaced supply as Toyota’s recent plant shutdown led to a 40 percent decrease in output in the month of October,” added Brauer. The trucks are joined by two additional popular Toyota models: the seventh-ranked RAV4 compact SUV and the fifteenth-ranked Corolla compact sedan. “Toyota has halted incentives on its new trucks due to lowered supply, and buyers interested in a redesigned 2022 Tundra will have to join a nine to 18-month waitlist,” said Brauer. Two pickup trucks from Toyota make the list: the second-ranked midsize Tacoma and the third-ranked full-size Toyota Tundra. “Interested buyers would rather pay a premium for lightly-used versions than wait for the delivery times of new versions, which are currently mid-to-late 2022 depending on the model.” “Both the Tesla Model Y and the Tesla Model 3 have been in high demand since they entered the used car market, and that demand has intensified as waitlists for new versions of both vehicles have grown,” said Brauer. A second Tesla vehicle, the Model 3 ranks sixth. The Tesla Model Y ranks first, costing 14.5 percent more for a lightly-used version compared to buying new. * Tesla new car prices are estimated based on MSRP and used car trim distribution ISeeCars has identified 15 cars with used car prices that are more expensive than their new car prices: 15 Cars That Cost More Used Than New – iSeeCars “Dealers may think used car buyers are willing to pay more for the instant gratification of a lightly-used vehicle they can drive right off the lot rather than waiting for a new one.” “Used car prices have risen overall, and prices have dramatically increased for certain in-demand models that may be harder to find on new car lots,” said iSeeCars Executive Analyst Karl Brauer. In the first half of November, the average lightly used car cost 1.3 percent less than its new version, compared to the first half of November 2020, when they cost 10.8 percent less. According to ’s latest analysis of over one million new and lightly used cars from the 20 model years listed for sale in November 2021, the price gap between new and slightly used cars has drastically narrowed, and some used cars have even become more expensive than their new versions. ( iSeeCars) – The global microchip shortage has restricted new car supply, which has led to a record surge in used car prices.
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