With so many elements affecting negatively the manufacturing of latest vehicles globally, it’s not a shock that used automotive costs maintain going up. Brexit, coronavirus, the chip scarcity, and the battle in Ukraine all created provide chain disruptions, and this resulted in an avalanche impact in the marketplace. A model new automotive now prices greater than earlier than and it’s important to wait longer till you obtain it, which drives the costs of used vehicles in direction of new data each month.
The numbers for February 2022 on the US used automotive market come to show that. New knowledge revealed by iSeeCars and primarily based on 1.8 million used automotive gross sales in February reveals used automotive costs had been up by 35 p.c final month in comparison with February 2021. Whereas barely down from January’s improve of 36.9 p.c, February was one other month of record-high bounce in used automotive costs.
The checklist of the Prime 10 vehicles with the best value improve consists of primarily mainstream, small, and comparatively reasonably priced vehicles, plus environment friendly electrified machines. With gasoline costs additionally going up in the previous few weeks, it shouldn’t come as a shock that electrical and hybrid autos are among the many fashions with the best value improve on the used automotive market. Under is the Prime 10 checklist:
| Prime 10 vehicles with the best price will increase (YoY) | ||||
| Rank | Car | Common Used Automotive Worth (February 2022) | $ Worth Change from February 2021 | % Worth Change from February 2021 |
| 1 | Hyundai Sonata Hybrid | $24,913 | $9,457 | 61.2% |
| 2 | Chevrolet Spark | $16,949 | $5,980 | 54.5% |
| 3 | Nissan LEAF | $24,393 | $8,579 | 54.3% |
| 4 | Mercedes-Benz G-Class | $215,946 | $73,963 | 52.1% |
| 5 | Kia Forte | $19,657 | $6,711 | 51.8% |
| 6 | Kia Rio | $17,772 | $6,035 | 51.4% |
| 7 | Kia Soul | $19,824 | $6,442 | 48.1% |
| 8 | Tesla Mannequin S | $80,299 | $25,825 | 47.4% |
| 9 | Toyota Corolla | $21,435 | $6,849 | 47.0% |
| 10 | Toyota Prius | $26,058 | $8,298 | 46.7% |
As you’ll be able to see, the Hyundai Sonata Hybrid noticed the best improve in its value in comparison with February final yr. With virtually $10,000 added to its value on the used automotive market, the South Korean hybrid sedan is greater than 60 p.c dearer than a yr in the past. The primary six fashions within the checklist noticed a rise of fifty p.c or extra with the following 4 on the checklist shut behind.
