10 Used Car Models That Are More Expensive Than the New Versions

Buying a used car has traditionally been much more affordable than buying a new car, but in the current auto market, several used cars are now selling for more than the suggested sticker price for the new version of the model.

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"The problem is there aren't enough new vehicles being produced, and that's been true since the outbreak of COVID-19," said Henry Hoenig, data journalist at Jerry, an AI-powered car insurance comparison service. "That shortage of new cars has caused many people to look for lightly used ones instead, driving up prices for those vehicles. Our latest findings show that lightly used 2021 models of seven of the 10 best-selling cars are worth more than the sticker price of a new 2022 model."

This is true for three electric vehicle models as well.

Here's a look at the popular car models identified by Jerry with 2021 used car prices coming in higher than the MSRP of the new models.

Ford F-150

• Average used car price (2021 model year): $31,627

• MSRP for new (2022 model year): $31,520

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Nissan Rogue

• Average used car price (2021 model year): $30,289

• MSRP for new (2022 model year): $27,150

Toyota Camry

• Average used car price (2021 model year): $28,998

• MSRP for new (2022 model year): $25,845

Honda CR-V

• Average used car price (2021 model year): $30,642

• MSRP for new (2022 model year): $26,800

Honda Civic

• Average used car price (2021 model year): $26,776

• MSRP for new (2022 model year): $22,550

Toyota Highlander

• Average used car price (2021 model year): $37,924

• MSRP for new (2022 model year): $35,855

Toyota RAV4

• Average used car price (2021 model year): $32,891

• MSRP for new (2022 model year): $26,975

Volkswagen ID.4

• Average used car price (2021 model year): $43,837

• MSRP for new (2022 model year): $37,495

Ford Mustang Mach-E

• Average used car price (2021 model year): $49,131

• MSRP for new (2022 model year): $43,895

Tesla Model 3

• Average used car price (2021 model year): $52,168

• MSRP for new (2022 model year): $46,990

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All data is sourced from Jerry and is accurate as of August 2022.

This article originally appeared on GOBankingRates.com: 10 Used Car Models That Are More Expensive Than the New Versions