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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

15 cars that cost more used than they do new

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
February 3, 2022, 11:30 AM ET
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Despite the declaration by General Motors that the chip crisis is over, it’s still a challenge for many people to find a new car these days.

Manufacturers, supply constrained as they try to get their hands on the microprocessors that are critical to modern vehicles, are struggling to keep up with demand—and that’s giving some cars in the already red-hot used car sector an even bigger boost.

New data from iSeeCars, which analyzes asking prices from over 1.5 million new and used cars sold between Jan. 1 and Jan. 31, 2022, finds that the average one-year-old, lightly used car sells for 1.3% more than its new version. In some cases, though, the number is much, much higher—in one case, a used vehicle was commanding $62,000 more than the new model.

“While choosing a lightly used car has traditionally been a cost-saving measure for car shoppers, that is no longer true in today’s market as the effects of plant shutdowns and resulting pent-up demand continue,” said Karl Brauer, executive analyst at iSeeCars in a statement.

Click through the gallery to see the top five makes and models that are selling at the highest premium:

  • Mercedes-Benz G Class
  • Chevrolet Corvette
  • Tesla Model 3
  • Ford Bronco Sport
  • Chevrolet Trailblazer

Here’s the full list of the top 15:

RankModel% Used Price More than NewDollar difference
1Mercedes-Benz G-Class35.6%$62,705
2Chevrolet Corvette20.2%$16,645
3Tesla Model 3*17.8%$8,300
4Ford Bronco Sport16.4%$5,766
5Chevrolet Trailblazer15.6%$4,270
6Toyota RAV4 Hybrid14.8%$5,298
7Chevrolet Suburban12.9%$9,106
8Toyota Tacoma12.2%$4,530
9Toyota C-HR12.2%$3,230
10Kia Telluride12.1%$5,552
11Kia Rio11.7%$2,090
12Subaru Crosstrek11.7%$3,524
13GMC Yukon11.3%$8,258
14Toyota Sienna11.2%$5,074
15Hyundai Accent11.2%$2,010

* Tesla Model 3 average new car price estimated by applying used car trim distribution to pre-rebate new car MSRP as of March 2021.

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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