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Here are the Top 10 Cars with the Greatest Price Increases in July 2022

The used car market is doing the yo-yo dance and this time it’s rising


  • Used Car Prices Once More on the Rise

  • July 2022 is the second consecutive month of used pricing increases.

  • Both June and July come after four months of decrease.


Yup, this old nugget. Used car prices have once again risen in July, this time up 10.9% on average over the same period in 2021.

Toyota Prius Prime
Toyota Prius Prime | Photo: Toyota

The once-more rising prices are being fueled by low inventories due to the wide-ranging effects of the long-lasting global chip shortage. Speaking of fuel, the sustained high gasoline prices are also responsible for the price hikes.

In fact, although the average increase is 10.9% (was 10.5% in June), hybrid used car prices are up 30.5%, and, wait for it, the average used electric vehicle has shot up by a whopping 56.7% according to iSeeCars.

Of the top 10, eight are electrified in one way or another and one is offered with hybrid technology although it is not specified in the chart. The twisted part is that the car with the greatest increase, year-over-year, was not so long ago one of the highest depreciating cars.

Here are the Top 10 Cars with the Greatest Price Increases:

Top 10 Cars with the Greatest Price Increases (YoY) – iSeeCars July 2022 Study

Rank

Used Vehicle

Average Used Car Price (July 2022)

$ Price Change from July 2021

% Price Change from July 2021

1

Nissan LEAF

$28,093

$8,563

43.8%

2

Hyundai Sonata Hybrid

$26,098

$7,851

43.0%

3

Toyota Prius

$29,679

$7,997

36.9%

4

Toyota Prius Prime

$33,005

$8,454

34.4%

5

Toyota Avalon Hybrid

$38,544

$9,426

32.4%

6

Chevrolet Bolt EV

$28,910

$6,699

30.2%

7

Fiat 500x

$21,407

$4,834

29.2%

8

Tesla Model S

$82,492

$17,706

27.3%

9

Porsche Cayenne

$76,546

$16,211

26.9%

10

Lexus ES 300h

$44,613

$9,438

26.8%

Average Across All Cars

$34,291

$3,364

10.9%

And for fun, here are the five vehicles with price decreases in the same period:

Top 5 Cars with the Smallest Price Increases (YoY) – iSeeCars July 2022 Study
RankUsed VehicleAverage Used Car Price (July 2022)$ Price Change from July 2021 % Price Change from July 2021 
1Nissan Armada$37,922-$3,022-7.4%
2Chevrolet Camaro$34,334-$2,187-6.0%
3Nissan Titan$38,044-$757-2.0%
4Nissan Titan XD$40,043-$654-1.6%
5INFINITI QX60$33,218-$84-0.3%

 

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Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

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