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Study identifies 14 used cars more expensive than their new models

According to an new study, vehicles like the Ford Maverick and Toyota Corolla Hybrid continue to cost more used than new

While overall prices continue to decline, has compiled a list of 14 used cars which continue to sell for more than newer versions.

Between February and March of 2023, referenced listings for 8.9 million new and lightly used cars, while focusing on model years 2022 and 2023. In this timeframe, used Ford Maverick pickups sold for 12.3% more than their fresh-off-the-line counterparts, the highest premium in the used market. Stock Mavericks retailed between $24,190 and $35,165, while preowned options cost $36,777 on average. With a 7.9% or $2,038 difference between new and used versions, the Toyota Corolla Hybrid arrived in second place, with an average price tag of $27,809. Other used car models which continue to  retail for more than their unused counterparts include the Mercedes-Benz G-Class ultra Luxury SUV at 4.6%, Toyota Sienna minivan at 3.7% and the Toyota RAV 4 Prime at 3.5%.

Used car prices have steadily declined since early 2022, suffering under a revitalized auto industry and shifts in demand. However, while more supply also tends to force new car prices down, few affordable options currently appear on the market. According to an Edmunds study, average auto prices have only grown since 2018, hitting $47,713 in March of 2023. As a result, the research firm believes demand will shift from new back to used: “Although used pricing has fallen from its peak, demand for used vehicles should continue to be strong as new vehicles have simply grown out of reach for many Americans.” Unless automakers address the lack of affordability, the list of preowned vehicles retailing at higher prices than newer options is likely to expand in the coming months.

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Colin Velez
Colin Velez
Colin Velez is a staff writer/reporter for CBT News. After obtaining his bachelor’s in Communication from Kennesaw State University in 2018, he kicked off his writing career by developing marketing and public relations material for various industries, including travel and fashion. Throughout the next four years, he developed a love for working with journalists and other content creators, and his passion eventually led him to his current position. Today, Colin writes news content and coordinates stories with auto-industry insiders and entrepreneurs throughout the U.S.

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