The car world is and has been upside down. In “the before times,” new cars depreciated. There was no question that owning and using a vehicle for a couple of years decreased its value, but that’s not always the case anymore. iSeeCars’ recent study showed that several used models are priced above their new MSRPs, which can mean many things, including that things are still crazy out on the used car market.
The good news is that the situation is much better than a year ago. iSeeCars found that lightly used cars are priced 8.1 percent below their new MSRPs on average, a 16.6 percent improvement over 2022. Several used models are even listed for more than their new counterparts, with one particularly hot-selling model priced more than 10 percent above new.
Ten of the highest-priced used cars in the iSeeCars study include:
Some of the vehicles on this list aren’t that surprising. If you’ve shopped for a Ford Maverick lately, you likely understand how hard they are to find at MSRP when new, so inflated used pricing is annoying but expected. There are also several hybrids on the list, showing that buyers want fuel-efficient vehicles but are having trouble getting them.
Interestingly, used Ford Broncos, which are still routinely listed for well above MSRP new, only average 1.7 percent above new prices. The Mercedes-Benz G-Class is commonly listed for more than MSRP new, especially the AMG model, for which some hopeful buyers have reported being asked to pay 50 percent or more above sticker.
If you’re in the market for a used car and find it difficult to get a reasonable price, the best move is to wait. Used car prices have been on a downward trend over the last year, and while there are some good deals now, there will likely be even more down the road.