The used car market has been seeing some high prices in recent months.
For some vehicles it might actually mean seeing a higher price for a used car than you might see for a brand new one on the car lot.
According to some recent research into the situation, it looks like there are several cars that are cheaper new than they are used.
For those cars listed above they are seeing prices that are between 7-20%+ or more than the new car price.
That is tens of thousands of dollars more in some cases like the Mercedes Benz G Class.
However, it looks like now some of those prices might be coming down from their record highs in some cases. For others you might not see prices dropping just yet even if demand has been lowering.
The worldwide chip shortage is said to have contributed to the problem of seeing the used car prices increase over 40% since 2021.
For some who might be shopping around and trying to find a good deal it could mean looking out of state to try and find it.
Sources:
https://www.silive.com/news/2022/05/these-15-vehicles-currently-cost-more-used-than-they-do-new-study-finds.html
https://www.cnbc.com/2022/05/06/used-car-prices-are-down-from-record-highs-easing-the-impact-of-inflation.html
https://www.foxbusiness.com/markets/used-car-prices-surging-market-nothing-like-weve-seen-before-edmunds
https://www.cnbc.com/2022/04/07/demand-drops-for-used-cars-but-high-prices-arent-budging.html
