Used pickup truck prices surge, notably Ram and GMC

If you’re considering the purchase of a new used pickup truck, be forewarned. The prices may be alarming, notably for a Ram 1500 or GMC Sierra 1500.

Both trucks are among the top-10 vehicles with the greatest prices increases, according to a recent survey by iseecars.com.

The automotive search engine and research website tallied the datasets for 1.1 million used car sales from model years 2016 to 2020 in June 2021 and more than 800,00 used car sales from 2015 to 2019 in June 2020.

Pickup truck prices surge

The average price increase from June 2000 to June 2021 among all vehicles is 32.7 percent. The Ram 1500 pickup had an average used price of $40,200 in June of 2021, a $12,016 increase over the average used price of the same truck one year prior. Its 42.6 percent increase is the fifth-highest increase.

Also, the GMC Sierra 1500 is on the dubious list in the eighth position. Its average used price in June 2021 was $47,971, an increase of $13,963, or 41.3 percent from 20220.

According to iseecars.com, the analysis includes 1-to-5-year-old used cars. Heavy-duty vehicles, low-volume vehicles, vehicles discontinued as of the 2021 model year, and vehicles with fewer than 4 of the 5 model years for each period were excluded from further analysis.

Here’s the list of the top-10 Cars with the Greatest Price Increases include the average price increase from June 2021 and June 2021, the increase in dollars and as a percentage.

1. Nissan LEAF, $20,015, $6,501, 48.1 percent;
2. Mercedes-Benz G-Class, $158,835, $50,271, 46.3;
3. Chevrolet Camaro, $36,163, $11,242, 45.1;
4. Lincoln Navigator L, $66,508, $20,392, 44.2;
5. Ram Pickup 1500 $40,200, $12,016 42.6;
6. Lincoln Navigator, $65,236, $19,411, 42.4;
7. Audi A5, $44,376, $13,076. 41.8;
8. GMC Sierra 1500, $47,791, $13,963, 41.3;
9. Ford Mustang, $36,476, $10,656, 41.3%
10. Chevrolet Spark, $13,892, $4,015, 40.6.

The average is $30,766, 32.7 percent increase of $7,583.