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2023

A used F-150 costs 30% more than it did 3 years ago. See how the pandemic made America's most popular cars less affordable.

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The average list price for the 10 most popular used gas-powered cars have gone up anywhere from 20 to 30% over the past 3 years.
  • When buying a car, shoppers weigh a lot of factors, like resale value and depreciation. 
  • iSeeCars.com pulled data on the average list price for the 10 most popular used gas-powered cars.
  • Here's which of the top 10 vehicles appreciated the most over the past three years.

When buying a car, shoppers weigh a lot of factors, but resale value and depreciation are especially important. 

This is true particularly at a time when new and used vehicle prices are volatile.

Industry experts at iSeeCars.com pulled data on the average list price for the 10 most popular used gas-powered cars that were 1 to 5 years old. (Note: Listing price does not necessarily mean final transaction price.)

For example, in 2020, used Chevy Equinox SUVs between 1 and 5 years old were listed for $22,533 on average. So far in 2023, used Chevy Equinox SUVs (in that same age range) were listed for $27,867 on average, marking a 23.7% increase in listing prices for those cars over the past three years. 

Used Ram 1500 pickups in that age range saw the largest percent increase in their average listing price since 2020 at a whopping 32%.

If you're in the market for one of the 10 most popular used gas-powered vehicles, you might want to take a look at what they're listing for.

And if you bought one of these cars over the past several years and are looking to sell it used, you may be in luck. Your trade-in value might not be as high as it once was, but certain vehicles are still in high demand.

Chevrolet Equinox
Chevrolet Equinox.
YearAverage list price
2020$22,533
2021$26,512
2022$29,623
2023$27,867

Percent increase since 2020: 23.7%

Chevrolet Silverado 1500
Chevrolet Silverado 1500.
YearAverage list price
2020$26,397
2021$34,443
2022$36,995
2023$34,052

Percent increase since 2020: 28.9%

Ford F-150
The Ford F-150.
YearAverage list price
2020$26,752
2021$34,479
2022$37,353
2023$34,692

Percent increase since 2020: 29.7%

Jeep Grand Cherokee
2019 Jeep Grand Cherokee.
YearAverage list price
2020$24,196
2021$28,323
2022$31,140
2023$28,794

Percent increase since 2020: 19%

Nissan Altima
Nissan Altima.
YearAverage list price
2020$21,046
2021$24,609
2022$27,367
2023$25,319

Percent increase since 2020: 20.3%

Nissan Rogue
2019 Nissan Rogue.
YearAverage list price
2020$22,513
2021$26,744
2022$29,894
2023$27,942

Percent increase since 2020: 24.1%

Ram 1500
YearAverage list price
2020$26,320
2021$34,438
2022$37,578
2023$34,751

Percent increase since 2020: 32%

Toyota Camry
YearAverage list price
2020$20,772
2021$24,579
2022$27,537
2023$25,285

Percent increase since 2020: 21.7%

Toyota Corolla
YearAverage list price
2020$21,478
2021$25,188
2022$27,475
2023$25,240

Percent increase since 2020: 17.5%

Toyota RAV4
2019 Toyota RAV4.
YearAverage list price
2020$22,568
2021$26,613
2022$29,980
2023$27,859

Percent increase since 2020: 23.4%

Read the original article on Business Insider



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