These Used Vehicles You Should Avoid Buying in New England Right Now
Every car is a used car. Even if you just purchased a new car, as soon as you drive it off the lot, it's technically not "new" anymore.
The price of used cars has skyrocketed post-pandemic due to a lack of parts and microchip production, which in turn created a low inventory of new vehicles. Every state has seen big increases in new and used car prices.
If you are looking to buy a vehicle, there are some used cars that are better than others. Here are the used cars in each New England state you should be wary of, according to iseecars.com.
In Maine, a used Nissan Rogue is up 39.2% more than a new Rogue. That's $7,501 more than a new Nissan Rogue. While the Rogue is a desirable car, expect to pay much more than any other comparable vehicle due to the very high demand.
Massachusetts residents like the used Kia Forte, but these cars are a whopping 54.2% higher priced than the increase in new Fortes. That's on average $7,265 more for this used vehicle as compared with the price increase on a new Forte.
In New Hampshire, the highest price increase for a used vehicle is the Nissan Sentra. The used Sentra saw a 48.5% increase more than the new Sentra. That's an increase in price for the used Sentra of $6,321. The new Sentra did not see a percentage this high on its price tag.
Connecticut was one of the highest markups for the very popular Kia Forte in the country, at a 55% increase over the price of a new Forte. As a side note, New Jersey was the country's largest increase in the Forte at 61% more than the increase of a new Forte.
What's the big rush on the used Kia Forte? It's one of the most affordable new cars on the market, and although it's small as a sub-compact, it is more affordable, therefore in high demand.
Moving on to Vermont, the Toyota Corolla is the highest over-paid used car, at a 49.3% increase over new Corolla prices.
in Rhode Island, the Nissan Rogue is almost an incredible $9,000 higher in price as compared to the increase in cost for a brand-new Rogue. That accounts for a 46.3% increase in a used Rogue over a new one.
If these used car prices seem staggering, they are. Once the reality set in that the microchips wouldn't be in big supply at least for another year, used car prices soared.
Here's a tip: if you are buying a used car, go for one that's not in high demand. The Rogue, Carolla, Sentra, and Forte are caught in the supply and demand chain for now.