... [+]Perhaps with the exception of collectable vintage Porsches and Ferraris, cars and trucks are by nature depreciating assets. That means a new car can be expected to lose a hefty chunk of its original value virtually from the moment it’s driven off a dealer’s lot. Typically, a new vehicles loses around 20 percent of its original value within the first year of ownership and perhaps as much as 60 percent after five years on the road.
In fact, pre-owned vehicle prices have gotten so far out of control, that some one-year-old cars and SUVs are commanding higher transaction prices than their brand new equivalents. That’s according to the car-search engine , which compiled a list of 15 “lightly used” one-year-old cars, trucks, and SUVs that currently sell for more than their brand-new equivalents, based on 1.5 million new and used-vehicle transactions during 2021 We’re featuring the list below, noting the percentages and dollar amounts each commands in excess of their brand-new counterparts.
“While choosing a lightly-used car has traditionally been a cost-saving measure for car shoppers, that is no longer true in today’s market as the effects of plant shutdowns and resulting pent-up demand continue,” says iSeeCars Executive Analyst Karl Brauer. iSeeCars’ list of the most overvalued used vehicles runs the gamut of types and price points, ranging from inexpensive subcompact autos to the posh and powerful Mercedes-Benz G-Class SUV that beats all comers in this regard. A year-old G-Class goes, on average, for a whopping 35.6 percent markup over a brand new one that starts at well into six figures.
Mercedes cars are good but not jeeps
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