We’re at that weird point in the used car market where some models are selling for more than they cost new. iSeeCarsA recent study found that vehicles like the Ford Maverick have sold by the thousands at their new MSRPs, but the good news is that there are just as many at a discount.
iSeeCars analyzed 8.9 million new and “lightly used” cars between February and March 2023 and determined that while many used models are listed above their new MSRPs, prices have fallen over the past year. Perhaps unsurprisingly, the list of vehicles selling for less than their new MSRPs contains some of the fastest depreciating brands.
Lightly used cars priced below their new MSRP include:
- Porsche Macan: -22.4%
- Infiniti Q50: -22.5%
- Chevrolet Silverado 1500 Limited: -23.1%
- Nissan Titan: -23.9%
- Audi A4: -24.3%
- Mercedes-Benz C-Class: -24.6%
- Alfa Romeo Stelvio: -26.9%
- Audi E-Tron: -27.8%
While the list of cars selling for more than new prices contains hybrids and many fuel-efficient models, the list of discounted models contains luxury and sports cars that may not return the best fuel economy. iSeeCars analyst Karl Brauer said the models “have been on the market for more than two years and face a growing list of newer electric vehicles that offer enhanced features or longer ranges.”
Used-car price inflation is slowing, happening almost as quickly as it rose to begin with, but the market is still elevated from its pre-pandemic levels. The average new car transaction is warming toward $50,000, which may send more buyers to the used market and push up prices. The models on the iSeeCars list represent good savings if you can find them on sale, and buyers in some markets may be lucky enough to find them even cheaper.
Waiting is still probably the best policy if you can afford it. Wholesale used car prices are rising again, which means dealers are spending more to get inventory. They pass these prices on to buyers, so it’s best to wait until things cool down.
