Friday, January 27, 2023
News These are the Top 10 Cars with the Greatest Price Increases YoY

These are the Top 10 Cars with the Greatest Price Increases YoY

The global chip shortage and rising fuel prices have consumers looking for more efficient transportation


  • Used car prices are up 35% from 2021.

  • Fuel-efficient vehicles, hybrids, and EVs are the biggest jumpers.

  • There’s one exception to this rule.


For months now, we’ve been sharing these reports. The global chip shortage and other part supply issues have driven up used-vehicle prices to record highs. The Ukraine war is now also affecting values as fuel costs have recently dramatically increased. These factors are clearly responsible for positioning some vehicles on this top 10 list.

Average used car prices are up 35% year-over-year. Behind this average are skyrocketing values of used hybrid and electric vehicles. They’ve respectively shot up 46.9% and 43.0%. This explains why they account for five of the 10 vehicles on this list.

The data, which has been heavily mined by iSeeCars, also shows that fuel-efficient or compact vehicles have also seen massive price hikes. And then, there’s the Mercedes-Benz G-Class…

2019 G-Class

Here are the Top 10 used vehicles with the greatest price increases YoY:

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

Rank

Used Vehicle

Average Used Car Price (February 2022)

$ Price Change from February 2021

% Price 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 Model 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%

Average Across All Cars

$35,029

$9,080

35.0%

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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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