Used Corvettes are worth $26,000 more than they were new last year. Here are 8 more used cars that gained value since 2020.

2020 Chevrolet Corvette. Kristen Lee/Business Insider

  • Used-car prices are at record highs, and prices on some models are spiking.

  • CNN analyzed data to compare new retail prices in 2020 with used retail prices in 2021.

  • The Corvette saw the biggest gain of nearly $26,000, due in part to fewer new ones being made.

  • See more stories on Insider’s business page.

The used-car market is at record highs, especially for popular styles that are nearly new.

Normally, a car loses as much as a quarter of its value in its first year, but a CNN analysis of data found that a few models have actually increased in value since leaving dealers’ lots.

The comparison looked at new retail prices in 2020 and used retail prices in 2021 to see which cars were worth more, and a few had increased so much that their trade-in value was more than the original sale price.

Here are nine models that have gained the most value in the past year.

Subaru Impreza +$224

Subaru Impreza

Subaru Impreza. Subaru.

2020 New: $22,614

2021 Used: $22,838

Subaru’s Indiana plant was temporarily shut down because of the chip shortage, and larger, more profitable models like the Outback and Ascent may have taken precedence.

Kia Telluride +$1,433

2020 Kia Telluride.

2020 Kia Telluride. Kristen Lee/Business Insider

2020 New: $42,609

2021 Used: $44,042

Kia struck gold with the Telluride, its extremely popular three-row SUV, but production has not been able to keep pace with demand.

Honda Civic +$1,740

2020 Honda Civic Si

The 2020 Honda Civic Si. Alanis King

2020 New: $22,709

2021 Used: $24,449

If you traded in your year-old Honda Civic, you would get just $1,200 less than you paid for it, or just $100 per month of ownership. That’s not bad.

Jeep Wrangler +$3,193

2020 Jeep Wrangler Rubicon EcoDiesel

The 2020 Jeep Wrangler Rubicon EcoDiesel. FCA

2020 New: $44,341

2021 Used: $47,534

American drivers can’t get enough of the rugged Wrangler.

Toyota 4Runner +$3,802

2019 Toyota 4Runner

Toyota 4Runner. Toyota

2020 New: $43,403

2021 Used: $47,205

The iconic 4Runner helped make SUVs the most popular category of all. Enough said.

Chevrolet Camaro +$4,638

2020 Chevrolet Camaro LT1

Chevrolet Camaro LT1. Chevrolet

2020 New: $37,879

2021 Used: $42,517

Camaro production was curtailed in order to direct the available chips to higher-profit-margin vehicles like trucks and SUVs.

Dodge Challenger +$5,754

2020 Dodge Challenger sports car

2020 Dodge Challenger R/T Scat Pack. Dodge

2020 New: $41,766

2021 Used: $47,520

Like the Camaro, new Challengers weren’t able to dodge the chip shortage.

Ram 2500 +$6,668

dodge ram


2020 New: $56,768

2021 Used: $63,436

The CNN report attributed part of the increased demand for heavy-duty pickups to an increase in sales of campers and RVs. A Ford F-250 is also now worth more in trade than it sold for new.

Chevrolet Corvette +$25,812

2020 Chevrolet Corvette_KL_31

2020 Chevrolet Corvette. Kristen Lee/Business Insider

2020 New: $81,425

2021 Used: $107,237

Production of new Corvettes has been interrupted this year by supply-chain problems, but notably not due to the semiconductor shortage that has impacted other makers.

Read the original article on Business Insider

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