Friday, July 1, 2022
News Used Car Prices Once More on the Rise in November

Used Car Prices Once More on the Rise in November

Small affordable and efficient cars are gaining traction driven by overall pricing increases


  • Prices are up 27.9% on average in November 2021 over 2020.

  • October 2021 prices were up 24.9 over the same period in 2020.

  • Fuel-efficient cars lead the way with huge gains.


This past November has once again witnessed massive increases in used cars prices. The auto industry continues to be battered by supply issues including microchip shortages. New vehicle inventories remain low driving consumers towards pre-owned vehicles. The increased demand has driven prices to never-seen heights.

2020 Mitsubishi Mirage | Photo: Mitsubishi

This phenomenon has been ongoing for many months. As a result, once attainable used vehicles are now priced out of many people’s reach meaning they are now shopping for smaller and more affordable vehicles. This explains recent dramatic increases in the values of once inexpensive cars.

iSeeCars has compiled a top 10 list of vehicles that have garnered the greatest price increases year-over-year. The Nissan LEAF takes the crown with a staggering 64% increase in value from November 2020, or more than double the average of 27.9%.

Here are the Top 10 value gainers from November 2021:

Top 10 Cars with the Greatest Price Increases (YoY) – iSeeCars November 2021 Study
RankUsed VehicleAverage Used Car Price (November 2021)$ Price Change from November 2020 % Price Change from November 2020 
1Nissan LEAF$21,524$8,40464.0%
2Mitsubishi Mirage$14,404$4,94552.3%
3Chevrolet Spark$15,672$5,27550.7%
4Kia Forte$18,046$5,36942.4%
5Kia Rio$16,135$4,79042.2%
6MINI Hardtop 2 Door$24,788$7,13640.4%
7Toyota Prius$24,121$6,91240.2%
8Toyota Corolla$20,092$5,69339.5%
9Kia Soul$18,069$5,06539.0%
10Lincoln Navigator$66,726$18,47638.3%
Average Across All Cars$31,848$6,93927.9%

 

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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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