Used Ford Mavericks Outperforming New Ones

Average Used Prices Outpacing New: 14 Models (Toyota & Honda)

A recent analysis from iSeeCars discloses that pre-owned car costs are trending downwards compared to same time last year. This is splendid news for buyers, but the evaluation also finds that there is still a great deal of solicitude for numerous car models up to the point of pricing them more than their original value in showrooms. Topping this list happens to be none other than the Ford Maverick.

Results from a recent study present that, on the used-car market, the average Ford Maverick sells for around $4,038 higher than what was initially offered. That equals a whopping 12.3 percent alteration in comparison to its new price – resulting in an approximate cost of $36,777 for purchasing an almost-new model. To paint a clearer picture, iSeeCars designate a vehicle from 2021 or 2022 and with standard mileage (which is 13,476 miles per year) as a ‘lightly used’ purchase.

The Mercedes-Benz G-Class sits right at the top of the list in terms of proportion, but it has the bulkiest real price discrepancy between secondhand and new models — a whopping $8,633 above MSRP. However, because its average used salecost is $196,228, that amounts to merely 4.6 percent. It places third following the Toyota Corolla Hybrid which presently commands a 7.9 percent premium for employed models, or $27,809.

It has been revealed that Toyotas tend to be in particularly high demand. Research concludes that out of a selection of 14 second-hand vehicles priced higher than new, five are Toyotas resting in the upper half part of the list. These models include the Toyota Sienna (3.7%), RAV4 Prime (3.5%), Corolla Cross (2.9%) and RAV4 Hybrid (2.4%). Additionally, 9th position belongs to the Kia Carnival (2.2%) while the popular Ford Bronco – two years on since its releases – takes 10th with prices at 1.7% above those of new.

Despite a handful of exceptions, the research states that current prices for nearly-new vehicles are substantially lower compared to 2022. In general, pre-owned automobiles nowadays are 8.1 percent less than contemporary models; still, their cost was 8.5 percent greater than new last year.

“The cost of living has been on the rise, and it’s no secret that inflation and interest rates have been major contributors to this phenomenon,” remarked iSeeCars.com Executive Analyst Karl Brauer. “This has had a direct effect on consumer spending, as evidenced by the considerable decrease in used car prices in the last 12 months.”

The overall results of this exploration can be seen by using the resource which is connected below.

Source: iSeeCars