Honda Odyssey
Honda
Honda Odyssey
Honda

No Savings Here

New cars lose value right after they’re driven off the lot, making buying used a wise choice in the eyes of most personal-finance gurus. But the pandemic has upended its fair share of conventional wisdom, and lingering supply issues mean that used cars are selling for more — and in some cases, even more than their new counterparts. An iSeeCars analysis of sales data from the first half of June found that in 16 cases, lightly used cars from model years 2019-2020 sold for more than their brand-new versions. Here’s a list of models for which buying used may not provide the usual budgetary boost. 


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Subaru WRX
teddyleung / istockphoto

Subaru WRX

New: $34,487

Used: $34,568 (0.2% more)

If you’re a Subaru lover, beware: The automaker has been hit hard by a global microchip shortage that has slowed the production of new vehicles, says Karl Brauer, executive analyst with iSeeCars. The WRX is among the models most reliant on those chips, according to TorqueNews.


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Subaru Crosstrek
Subaru
Kia Rio
Kia

Kia Rio

New: $17,346

Used: $17,472 (0.7% more)

Subcompact sedans aren’t as prevalent as they used to be, and used-car buyers prowling this segment may face stiffer competition, particularly for the Rio. “The Kia Rio is one of the best cars available in the shrinking subcompact car class that is praised for its quality and affordability, and shoppers who want an affordable used car may be purchasing it without comparing the price of its new version,” Brauer warns. 


Related: The Smallest Cars Ever Made


2020 Honda Odyssey
Honda
Dodge Charger
Dodge

Dodge Charger

New: $38,977

Used: $39,874 (2.3% more)

Beefy muscle cars such as the Charger have a devoted following, and fans are left paying more for used vehicles in this niche, Brauer says. “Trade-in values for popular sports cars have soared given the shortage of new inventory and the popularity of the segment amid the pandemic.”


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Honda Civic
Honda

Honda Civic

New: $26,331

Used: $27,058 (2.8% more)

The Honda Civic has been a bestseller for decades, and plenty of buyers are still drawn to this no-nonsense compact with legendary reliability. But it was among the vehicles affected by a production shutdown in the U.S. and Canada this year that Honda blamed on several factors, including severe weather and crowded shipping ports. 


Related: The Bestselling Cars From The Past 42 Years

Tesla Model 3
Tesla

Tesla Model 3

New: $44,409

Used: $45,677 (2.9% more)

The Tesla Model 3’s combination of technology and affordability has maintained its appeal. But it has also endured several recent price hikes thanks to the chip shortage, and buying new still involves a decent amount of waiting. “Buyers are likely drawn to buying a lightly used Tesla Model 3 on a lot rather than waiting weeks for the delivery of the vehicle,” Brauer says.


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Grandkid Hauler: Hyundai Palisade
Hyundai Motor America

Hyundai Palisade

New: $44,063

Used: $45,356 (2.9% more)

The practical Palisade appears to be a victim of its relative newness, immense popularity, and relative value compared with others in the crowded mid-size SUV segment. “The new-for-2020 Palisade is relatively scarce in the used-car marketplace and has sustained its popularity since its debut,” Brauer says. 


Related: Popular Cars for Drivers Over 50


Toyota 4Runner
Toyota 4Runner by IFCAR (None)

Toyota 4Runner

New: $45,382

Used: $46,867 (3.3% more)

Pandemic or no pandemic, Toyotas rarely gather dust on dealers’ lots, and the 4Runner remains in demand for buyers who actually want to do a little off-roading in their SUVs. “Toyota has the leanest inventory among all automakers,” Brauer points out. “Demand for the popular 4Runner has outpaced supply on the new-car lot, sending prospective new-car buyers to the used-car lot.”


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Dodge Challenger
Dodge
Toyota Tundra
Toyota

Toyota Tundra

New: $49,643

Used: $51,474 (3.7% more)

It’s rough out there for would-be owners of Toyota pickups. “Toyota has halted incentives on its new trucks due to lowered supply,” Brauer says. “Buyers who want these highly sought-after trucks can likely only find used versions.”


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Toyota RAV4 Hybrid
Toyota

Toyota RAV4 Hybrid

New: $34,995

Used: $36,352 (3.9% more)

Even before the pandemic upended car production, it was hard for buyers to get their hands on a “notoriously scarce” RAV4 Hybrid, Brauer says. Add rising gas costs to the equation, and you have a perfect storm that’s driving up used-car prices for this fuel-efficient SUV.


Related: Most Trusted Toyotas of All Time


Mercedes-Benz G-Class
Tramino/istockphoto

Mercedes-Benz G-Class

New: $182,631

Used: $190,078 (4.1% more)

If you’ve got nearly $200,000 to throw at a Mercedes-Benz G-Class, what’s spending another $7,500 so you don’t have to wait? “The G-Class was the fastest-selling new car in May, so buyers who want this extravagant off-roader likely have better luck finding the vehicle used,” Brauer says. “Additionally, buyers who can afford this vehicle aren’t concerned with the high price tag, as they view the car as a status symbol.”


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Toyota Tacoma
DarthArt / istockphoto

Toyota Tacoma

New: $37,902

Used: $39,857 (5.2% more)

The midsize Toyota Tacoma, though smaller than its Tundra sibling, is beset by the same supply issues that are driving up the price of used models. To add insult to injury, a fire at a supplier’s facility has meant buyers of new Tacomas are getting only one key that allows for remote keyless entry. 


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2019 GMC Sierra 1500
2019 GMC Sierra 1500 by (CC BY-NC)

GMC Sierra 1500

New: $54,205

Used: $57,671 (6.4% more)

Toyota trucks aren’t the only ones in demand. “High demand for the GMC Sierra 1500 coupled with lower production numbers has led to a scarcity of new models,” Brauer says. “The GMC Sierra 1500 is the most expensive pickup for both new and used cars, so buyers who want this luxury truck may be purchasing a used version because it’s available, and dealers are adding a premium onto the price as a result.”


Related: These Are the Most Popular Trucks in America

Kia Telluride
Kia

Kia Telluride

New: $44,166

Used: $47,730 (8.1% more)

If you’ve heard good things about the family-friendly Kia Telluride, a vehicle Car and Driver lauds as “comprehensively excellent,” you aren’t the only one — and that’s the problem. “The Kia Telluride has been a red-hot seller since its debut in the spring of 2019, and dealers have been charging over MSRP because it’s in such high demand,” Brauer says. “The price hikes have trickled down to the used-car market, where used Tellurides aren’t yet abundant and buyers may be willing to overpay for a used version that is likely the only one available.”


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