These 16 Cars And Trucks Now Cost MORE Used Than When They Did New: Study

If you have a Kia Telluride, you can make out like a bandit right now

2022 Kia Telluride Nightfall Edition — These 16 Cars And Trucks Now Cost MORE Used Than When They Were New: Study
Some cars hold their value better than others, but most don’t cost more used than when their owners bought them new…at least not this quickly. (Images: Kia)

New car prices suck right now, but used cars can be worse.

After we published our TFLcar video showing the insane state of new car prices here in the U.S., research firm iSeeCars published a study looking into the cars and trucks that cost more used than new. In a normal, i.e. not completely berserk, new car market, vehicles lose a good chunk of their value over their first two to three years on the road. This study, however, covers 470,000 lightly used cars covering the 2019 and 2020 model years, and found the exact opposite trend with certain models.

More reading: Want A New Car? Prepare To Pay Thousands Over Sticker Price

As of early June, the average “lightly used” car in those model years cost just 3.1% less than their new counterparts. Compare that to November 2020, when those same cars were 10.8% less valuable. The global chip shortage and other supply issues have hammered new car production, compelling buyers to turn to the used market, and dealers to increase their prices in turn. “Dealers may think used car buyers are willing to pay more for the instant gratification of a lightly-used vehicle that they can drive right off the lot rather than waiting for a new one,” said iSeeCars executive analyst Karl Brauer.

How much that’s actually true depends on which vehicles we’re talking about, hence this recent study. In short, you can make out well right now if you actually are willing to consider selling one of the cars or trucks on the list below.

The 16 cars that cost more used than new right now:

RankModelNew PriceUsed Price$ value over new price (%)
1Kia Telluride$44,166$47,730$3,564 (+8.1%)
2GMC Sierra 1500$54,205$57,671$3,466 (+6.4%)
3Toyota Tacoma$37,902$39,857$1,955 (+5.2%)
4Mercedes-Benz G-Class$182,631$190,078$7,447 (+4.1%)
5Toyota RAV4 Hybrid$34,995$36,352$1,357 (+3.9%)
6Toyota Tundra$49,643$51,474$1,831 (+3.7%)
7Dodge Challenger$39,375$40,764$1,388 (+3.5%)
8Toyota 4Runner$45,382$46,867$1,485 (+3.3%)
9Hyundai Palisade$44,063$45,356$1,293 (+2.9%)
10Tesla Model 3$44,409$45,677$1,268 (+2.9%)
11Honda Civic$26,331$27,058$727 (+2.8%)
12Dodge Charger$38,977$39,874$897 (+2.3%)
13Honda Odyssey$37,612$38,048$435 (+1.2%)
14Kia Rio$17,346$17,472$127 (+0.7%)
15Subaru Crosstrek$29,474$29,642$168 (+0.6%)
16Subaru WRX$34,487$34,568$81 (+0.2%)
AVERAGE$37,831$36,676-$1,155 (-3.1%)

Looking at a Telluride? Prepare to pay a premium for it.

We knew the Kia Telluride was in short supply based on our most recent pricing story. In that research, we noticed that dealers across the country were charging up to $10,000 over MSRP for brand new models due to high demand and low supply. This study shows that pricing trend trickling down to used models as well, making the Kia Telluride one of the most lucrative vehicles to own should you actually sell one you own right now.

Naturally, this sort of story cuts both ways. It is a seller’s market at the moment, so if you’re looking to buy…I’d honestly suggest holding off, if at all possible. Unless you absolutely need a car right now or you’re willing to pay that premium, it may be best to wait until prices are a bit less crazy.