The Used Car Price Inflation of 2021
Our company appraises hundreds of vehicles a month and we’ve noticed a steady rise in vehicle values.
The same car is worth more today than it was a year ago.
Below is a pricing analysis of the top 5 vehicles we’ve appraised so far in 2021.
#1 – 2018 Toyota Camry L
For the purposes of this analysis, we will select the base model Camry for the 2018 year, simulating the price of a 3-year lease.
Price Increase 24%
Price Increase adjusted for depreciation 32%
#2 – 2018 Ford F150 XLT Supercrew 2WD
For the purposes of this analysis, we will select the base model F150 for the 2018 year, simulating the price of a 3-year lease.
Price Increase 29%
Price Increase adjusted for depreciation 41%
#3 – 2018 Honda CR-V LX FWD
For the purposes of this analysis, we will select the base model CR-V LX for the 2018 year, simulating the price of a 3-year lease.
Price Increase 18%
Price Increase adjusted for depreciation 22%
#4 – 2018 Toyota Highlander LE FWD
For the purposes of this analysis, we will select the base LE model for the 2018 year, simulating the price of a 3-year lease.
Price Increase 16%
Price Increase adjusted for depreciation 18%
#5 – 2018 Toyota RAV4
For the purposes of this analysis, we will select the base model F150 for the 2018 year, simulating the price of a 3-year lease.
Price Increase 23%
Price Increase adjusted for depreciation 30%
Full Values Table:
| Average Retail Price | Price Change | |||
| June 2021 | June 2020 | Gross | Net | |
| 2018 Toyota Camry | $ 21,675.00 | $ 16,475.00 | 32% | 24% |
| 2018 Ford F150 | $ 41,900.00 | $ 29,675.00 | 41% | 29% |
| 2018 Honda CR-V | $ 22,300.00 | $ 18,350.00 | 22% | 18% |
| 2018 Toyota Highlander | $ 28,300.00 | $ 23,900.00 | 18% | 16% |
| 2018 Toyota RAV4 | $ 22,550.00 | $ 17,400.00 | 30% | 23% |
