You don’t need to be a market analyst to recognize that these are interesting times in the automotive market. Inventory shortages caused by supply chain management, global instability, and the long-term consequences of COVID-19 have fueled new-vehicle prices even higher, with the majority selling for substantially more than their manufacturer’s suggested retail prices as of this writing (MSRPs).
This has driven more customers to the used-car section of dealership lots, where both supply and demand issues have driven up prices. According to recent data, pre-owned vehicles are now worth more than 60% more than they were before the pandemic. That means that, contrary to popular belief, best used cars have appreciated rather than depreciated in value over the last two years.
While this has made it difficult to find an affordable used car, truck, or SUV, it has been a blessing to those trying to sell or trade in a pre-owned model, with resale values at all-time highs.
The current inflated prices of both new and used cars are uncertain, making predicting the future values of current models, particularly difficult. Estimating the future worth of a given model is currently a bit of a gamble, to be honest. The value of a pre-owned model is largely determined by local supply and demand, the vehicle’s age and condition, and the number of miles on the odometer.
Choosing a car that is predicted to hold its original value the longest is the best way to protect yourself against unexpected future market conditions and guarantee your vehicular safety. Despite unexpected economic forces, we present the ten models below that usedvehiclesnearme believes will perform best in this particular respect.