Among Washington’s worst used car prices up 34% year-to-date

Supply chain issues, inflation and high gas prices are a costly problem for everyone, but perhaps more so for auto dealers than most.

A new study shows that the growing demand for used vehicles has driven up prices, particularly in Washington State where used car prices increased by 34% from March 2021 to 2022.

How bad is it

That’s upside down considering six of the top 10 selling vehicles in America cost more used than new!

  • The disruption to vehicle production caused by the pandemic, including the shortage of chips, has led to long wait times for new cars, forcing many consumers to turn to the used-car market.
  • Lightly used 2021 models of the Toyota RAV4, Honda CR-V, Toyota Highlander, Honda Civic, Toyota Camry and Nissan Rogue are more expensive than the list prices of their 2022 counterparts.

  • The study also revealed that two electric vehicles sold more used than new: the Volkswagen ID.4 and the Tesla 3.

The difference is $significant

The value of a new car has already dropped by several thousand dollars as soon as you take it off the dealer lot. The pandemic has changed that for many models. Recent data analysis by jerry found that 2021 models of the Toyota RAV4 ($6,000 more), Honda CR-V ($5,000 more), Toyota Highlander ($3,500 more), Honda Civic ($1,700 more), Toyota Camry ($2,400 more) and Nissan Rogue ($4,000 more) all sell for more than list prices on new models.

At the end of the line

Chip shortages and other supply chain issues have pushed used car prices at an all time high, so buy carefully from a dealer you trust. I personally endorse Bill Harris Used Cars in Selah.

WATCH: See how much gas it cost the year you started driving

To learn more about how gas prices have changed over the years, Stacker calculated the cost of a gallon of gas for each of the last 84 years. Using Bureau of Labor Statistics data (published April 2020), we analyzed the average price of a gallon of regular unleaded gasoline from 1976 to 2020 as well as the consumer price index (CPI) for regular unleaded gasoline from 1937 to 1976, including absolute and inflation-adjusted prices for each year.

Read on to explore the cost of gas over time and rediscover how much a gallon cost when you first started driving.

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