The combination of coronavirus pandemic-induced car demand and the microchip shortage have caused used car prices to spike dramatically in 2021 — to the point some vehicles are selling for more used than new. A new iSeeCars.com study notes that average used prices rose 26.2% year over year in August.
That rise has not been uniform, though. Some vehicles have stayed within sight of their pricing under normal conditions, but others have seen prices leap up by nearly 50%.
Here are the ten used cars that saw their value increase the most in August 2021.
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Mercedes-Benz
Kia Soul
Ground Clearance: 6.7 inCargo Space: 24.2/62.1 cubic feetStarting MSRP: $19,890Okay, sure, calling the Kia Soul an SUV is a bit of stretch. Still, if you don’t need all-wheel-drive and can live with 6.7 inches of ground clearance (which, to be fair, is only 0.6 inches less than the Seltos), it’s hard to beat the Soul’s versatile interior for the price. You may be tempted by the off-road-esque X-Line Trim seen here, but don’t be fooled; the base LX has just as much capability.
Kia
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Chevrolet
8. Lincoln Navigator L
Average Used Price: $66,934
$ Price Change: +$16,325
% Price Change: +32.3%
Lincoln
Kia Forte
Savings: 7.5%
Dollar Savings: $914
Kia
Lincoln Navigator
Max Torque: 510 lb-ft
Max Tow Rating: 8,700 lbs (8,300 lbs 4×4)
The Navigator is the Expedition for fancy people. You lose a bit of towing ability with the Lincoln, although the Navigator still competes with anything else on this list. To get the max rating you do need the Heavy Duty Trailer Tow package ($690), which is not available on the base Standard trim.
5. Mini Hardtop 2 Door
Average Used Price: $23,402
$ Price Change: +$6,044
% Price Change: +34.8%
www.guenterschmied.com
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Mercedes-Benz
Chevy-Spark-Gear-Patrorl
Chevrolet
2021 Nissan Leaf
The Nissan Leaf received all A ratings, except for a B for installing a forward-facing convertible seat in the second row.
Nissan
1. Mitsubishi Mirage
Average Used Price: $13,398
$ Price Change: +$4,457
% Price Change: +49.9%
JOHN MURPHY PHOTOGRAPHY