Personal car travel became far more appealing during the pandemic. And the price of used cars — which is normally fairly constant — has skyrocketed as a result, increasing by 16.8% in 12 months according to an iSeeCars.com study for April 2021. (Only one car, the Tesla Model S, decreased in value.)
Tides don’t rise evenly, however — and some pre-owned vehicles have seen their prices rise higher than others during that time period. Here are the 10 used cars that saw the biggest year-over-year price increases as of April 2021.
These 10 Used Cars Have Exploded in Value in 2021
Own one of these cars? You won’t find a better time to sell.
Toyota
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Chevrolet
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Mercedes-Benz
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Ram
Sierra Denali Newfoundland 8
GMC
Mercedes-Benz S Class
Averaged Used Car Price: $74,326
Price Change: +$16,198
Percent Change: +27.9%
Mercedes-Benz
The Best All-Terrain Tires Money Can Buy
Because you should give your 4Runner or Gladiator the fancy rubber it deserves.
Gear Patrol
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Chevrolet
Chevrolet Camaro
Average 5-Year Depreciation: 24.2%Average $ Value Below MSRP: $10,161Chevrolet
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Toyota
Mitsubishi Mirage
Average Used Car Price: $11,242
Price Change: +$2,313
Percent Change: +25.9%
Mitsubishi
Land Rover Range Rover Sport
Average Used Car Price: $59,759
Price Chance: +$11,969
Percent Change: +25.1%
Land Rover
The semiconductor shortage is starting to bite the auto industry
We knew back in January that the semiconductor shortage would be bad for the auto industry — even the humblest car is now a complicated computer — but the gravity is settling here in February. GM has been forced to idle three North American plants; Ford, in maybe the most glaring sign there’s an issue, is cutting back F-150 production.
Ford