Cars normally start to lose value from the moment they leave the dealership, but the pandemic has changed the used car market. And it is that many buyers have to buy second-hand cars because there is a shortage of new models.
The shortage of new cars is due to the shortage of semiconductor chips. Modern cars have sophisticated electronic equipment that relies on semiconductor chips to function, but manufacturers have been unable to get enough chips to complete their vehicles and have had to pause or reduce production.
Y It is for this reason, since there are no new cars available, that used ones are now more expensive.
Below, we share the five used cars that have risen the most in price.
5–Chevrolet Trailblazer
The subcompact was released for model year 2021 and continues to be in high demand. However, its production has been limited by having been launched in the midst of a pandemic. This model is sold for $25,000 dollars, but used can be found with a 15.6% markup, based on an analysis by 24/7 Wall ST.
4–Ford Bronco Sport
The sixth generation The Ford Bronco Sport debuted in 2021 and has had trouble keeping up with production. Base Sport model sells for $29,000 dollars, but you can buy it used with an increase of 16.4%.
3–Tesla Model 3
New Model 3 deliveries are not expected until June 2022, and some people are willing to pay more to get their hands on it as soon as possible.
Teslas have not always been easy to come by in normal times, and problems with the supply chain have affected the production of this company more than another. Tesla’s smallest and most affordable vehicle, the Model 3 sedan, sells for $46, dollars and was updated in 2021 with an improved interior and a longer battery life on a full charge.
Used it sells for a premium of 17.8%.
2–Chevrolet Corvette
The current mid-engine version of the Corvette was released for the model year 2020 with lots of advertising. The high-performance version Z06 will arrive in 2023, and currently the vehicle is still in high demand despite supply problems. The eighth-generation Corvette retails for nearly $70,000, but some people pay up to 20.2% on the price for having a used one.
1–Mercedes-Benz G-Class
The Mercedes G-Class has become a kind of status symbol, due to to which it is usually bought by musicians, athletes and actors. Some consumers are willing to pay up to 35.6% more over the sticker price for a used G-Class, an SUV that usually cost around $70,06 dollars.
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