SIOUX FALLS, S.D. (KELO.com) — Used vehicle prices in Sioux Falls have gone up higher than the national average.
That’s according to a study to iSeeCars.
After analyzing 1.9 million used car sales in August, iSeeCars found that used car prices increased nearly 34% or $8,683 in Sioux Falls over last year.
Nationally, used car prices have increased over 26 percent, or $6,454 compared to last year.
Some vehicles have increased more than average–which makes them the worst vehicles to buy while presenting lucrative trade-in opportunities. Other cars have lower-than-average increases, making smarter buys for consumers in today’s tough market.
Here are the cars with the greatest year-over-year price increases in Sioux Falls:
|
Used Cars with the Greatest Price Increases in August in Sioux Falls |
|||
|
Rank |
Vehicle |
% Price Change from August 2020 |
$ Price Change from August 2020 |
|
1 |
Ram Ram Pickup 1500 |
28.2% |
$8,842 |
|
2 |
Chevrolet Equinox |
28.0% |
$5,272 |
|
3 |
Jeep Cherokee |
27.0% |
$5,726 |
|
4 |
Chevrolet Traverse |
26.9% |
$6,634 |
|
5 |
Chevrolet Silverado 1500 |
24.6% |
$8,133 |
|
Sioux Falls (Mitchell), SD Average |
33.8% |
$8,683 |
|
The full study can be found here.
