It was a banner 12 months for the utilized car marketplace in 2021. According to Cox Automotive, a record-setting 40.9 million utilised vehicles have been offered final 12 months – a 10 p.c boost above 2020.
Automotive insiders expect 2022 to have a pull-back in used auto profits, however, as People are getting sticker shock with soaring gas prices and supply shortages resulting in an general rise in utilised automobile selling prices.
But what ended up America’s favored used cars in 2021? Let us take a appear.
People enjoy a truck, and 2021’s sales figures showed it. America’s No. 1 procured made use of automobile was a truck – the Ford F-150. We’ll commence with that just one.
Ford’s line of vans was the king in 2021, accounting for 3.6 percent of used vehicle profits. Based on what size taxi you’re looking for, you could be spending any where from $30,000-$40,000 for a current design F-150. This is just evidence that obtaining a utilized motor vehicle financial loan is likely to call for the assist of an auto loan calculator.
The people around at Chevrolet experienced a fantastic 12 months, too, when it came to their Silverado 1500. The truck accounted for 2.6 % of used gross sales very last 12 months. With several cabs and options obtainable to truck enthusiasts, it is straightforward to see why the Silverado 1500 had a great yr.
Coming in at 3rd in 2021 and accounting for 2.4 p.c of used car income, the Dodge Ram Pickup 1500 is yet another American-manufactured truck for the doing the job guy. Possibilities abound for this line of vans, and you could be paying out upwards of $35,000 for a used 1 these times.
Vehicles may well have gotten all the like very last 12 months, but cars and trucks and sedans also offered nicely, with Japanese automakers using house the major three places right here.
At 2. percent of used automobile revenue final calendar year and fourth total, Honda’s line of vehicles is an effortless decide for numerous.
Another Japanese producer, Toyota, took sixth position in 2021 with 1.9 per cent of all ordered utilized automobiles.
Honda’s other well-liked sedan design – and just one with far more characteristics – arrived in 10th spot previous year with 1.6 % of all applied automobiles obtained.
In a decade wherever it appeared like the SUV fell out of favor owing to growing fuel price ranges, vehicle producers went again to the drawing board. The end result? Compact SUVs that built gas mileage a primary selling position.
Nissan’s compact SUV, the Rogue, was the fifth most-bought made use of vehicle very last yr with 1.9 per cent of all employed product sales.
Launched in 2005, the Chevrolet Equinox attained admirers immediately as a crossover SUV. It accounted for 1.9 % of all applied vehicle income last yr.
The Ford Escape rolled off assembly lines in 2000 many thanks to a joint undertaking with Mazda. The end result established 2021’s eighth finest-promoting made use of car.
Consumers and auto reviewers enjoy Toyota’s RAV-4. With routine maintenance troubles much and number of, remarkable fuel mileage, and a roomy inside, the RAV4 was the ninth most-marketed automobile in 2021.