These Are the Most Overpriced Used Cars In Each State

·4 min read

Used car prices are at record highs in the wake of the microchip shortage. According to the latest study by car search engine iSeeCars.com, the average one-year-old lightly-used car costs 1.3 percent more than its new version. However, some lightly-used vehicles have price increases far greater than this average.

iSeeCars.com analyzed prices of over 1.5 million new and used cars sold in January 2022 to identify the lightly-used cars that have the highest price increases compared to their new versions.

Here are the used cars that cost the most over their new version in each state:

Top Used Cars That Cost More Than New By State - iSeeCars

State

Vehicle

% Used Price More than New

$ Used Price More than New

Alabama

Toyota Tacoma

15.0%

$5,701

Alaska

Subaru Crosstrek

28.3%

$8,261

Arizona

Chevrolet TrailBlazer

18.8%

$5,004

Arkansas

Toyota Tacoma

16.3%

$6,122

California

Mercedes-Benz G-Class

50.4%

$87,614

Colorado

Toyota 4Runner

11.1%

$5,180

Connecticut

Toyota Tacoma

16.1%

$6,200

Delaware

Toyota RAV4

6.7%

$2,127

Florida

Chevrolet Corvette

24.0%

$19,494

Georgia

Kia Seltos

19.1%

$5,112

Hawaii

Dodge Charger

28.8%

$11,283

Idaho

GMC Yukon

11.9%

$8,748

Illinois

Toyota Sienna

17.4%

$7,952

Indiana

Ford Bronco Sport

18.5%

$6,160

Iowa

GMC Yukon

11.9%

$8,748

Kansas

Dodge Charger

20.5%

$8,098

Kentucky

Dodge Charger

24.1%

$9,379

Louisiana

GMC Yukon

17.0%

$11,736

Maine

Subaru Forester

13.2%

$4,120

Maryland

Dodge Charger

17.7%

$6,750

Massachusetts

Toyota Tacoma

14.6%

$5,413

Michigan

Kia Telluride

19.8%

$8,922

Minnesota

Toyota 4Runner

14.4%

$6,747

Mississippi

Toyota Tacoma

18.7%

$6,706

Missouri

Dodge Charger

18.0%

$6,929

Montana

Ford Bronco Sport

20.5%

$7,070

Nebraska

Toyota Tacoma

11.9%

$4,488

Nevada

Kia Soul

18.2%

$3,858

New Hampshire

Subaru Crosstrek

13.8%

$3,984

New Jersey

Toyota RAV4 Hybrid

22.2%

$7,780

New Mexico

Kia Sportage

22.5%

$6,534

New York

Ford Bronco Sport

19.7%

$6,631

North Carolina

Toyota RAV4 Hybrid

18.0%

$6,570

North Dakota

Chevrolet Tahoe

14.3%

$9,798

Ohio

Dodge Charger

18.9%

$7,753

Oklahoma

Toyota Tacoma

18.8%

$7,102

Oregon

Toyota RAV4 Hybrid

22.3%

$7,840

Pennsylvania

Dodge Charger

22.5%

$8,658

Rhode Island

Toyota Corolla

9.7%

$2,233

South Carolina

GMC Yukon

16.7%

$12,442

South Dakota

Subaru Outback

6.34%

$2,261

Tennessee

Kia Telluride

14.7%

$6,594

Texas

Toyota RAV4 Hybrid

19.4%

$6,833

Utah

Toyota RAV4

12.5%

$4,171

Vermont

Toyota Tacoma

9.2%

$3,447

Virginia

Ford Bronco Sport

14.1%

$4,863

Washington

Toyota RAV4 Hybrid

20.2%

$7,060

West Virginia

Chevrolet TrailBlazer

21.4%

$6,080

Wisconsin

Chevrolet TrailBlazer

14.9%

$3,974

Wyoming

Jeep Grand Cherokee

12.2%

$5,826

  • The Toyota Tacoma pickup is the used car that is the most expensive compared to its new version in the most states with 8.

  • The used vehicle that costs the most compared to its new version is the Mercedes-Benz G-Class in California with a 50.4 percent price increase.

  • SUVs are the most represented vehicle type accounting for 31 of 50 vehicles.

What Does This Mean for Consumers?

When deciding between a new and a lightly-used version of the same vehicle, there are important things to consider. While buying a lightly-used car typically provides upfront cost savings compared to buying a new one, this is no longer the norm in today’s market. Shoppers looking for lightly-used cars should always compare the prices to new cars, and buyers who are unable to find the new car they are looking for should avoid models with the highest price increases if they decide to go used instead.

More from iSeeCars.com:

Methodology

iSeeCars.com analyzed over 1.5 million cars sold between January 1, 2022 and January 31, 2022. New cars included in the analysis were from model years 2021 and 2022, while lightly-used cars were defined as used vehicles from model years 2020 and 2021. Low-volume models were excluded from the analysis, as were cars with outlier mileages and models discontinued as of the 2021 model year. The average asking prices of the lightly-used cars were compared to those of new cars from the same model. The difference in price for each car was expressed as a percentage of the new average prices and ranked by this difference.

About iSeeCars.com

iSeeCars.com is a car search engine that helps shoppers find the best car deals by providing key insights and valuable resources, like the iSeeCars free VIN check reports and Best Cars rankings. iSeeCars.com has saved users over $325 million so far by applying big data analytics powered by over 25 billion (and growing) data points and using proprietary algorithms to objectively analyze, score and rank millions of new cars and used cars.

This article, The Most Overpriced Used Car in Each State, originally appeared on iSeeCars.com.