These Cars Gained The Most Value On The Used Market In The Past Year

At the bottom of the list is the Volvo V60 Cross Country, which increased by 1.5 percent, or $565, since last August to $37,776. Volvo is discontinuing the traditional V60 wagon after this model year, but it will continue to offer the V60 Cross Country, so I don’t have any guesses as to why this price jump occurred. I’ve felt that modern Volvo cars have been undervalued on the used market, though, so I don’t think that this average price increase is unwarranted or excessive.

The average price of a used Lexus GX 460 also increased by 1.5 percent since last August, but with a higher overall transaction price. Its average increased by $729, so the average price of used Lexus GX 460 is now up to $48,399. Given the introduction of the new 2024 Lexus GX 550, it seems like consumers aren’t ready to let go of their naturally aspirated V8s.

The average price of a used BMW 4 Series increased by 1.7 percent, or $709, to $42,418. There are a lot of 4 Series models, including convertible, coupe and Gran Coupe body styles as well as the electric i4, and it’s not specified which models were included in this study. Gauging by the fact that the M5 makes an appearance on this list, the 4 Series’ ranking probably doesn’t include the M4.

The average price of a used BMW X1 increased by 2.4 percent, or $697, to $29,383. That’s about what a new X1 is worth in my opinion, but yuppies love overpaying for a fancy badge.

The average price of a used Genesis G80 went up to $35,534, an increase of 2.5 percent or $872. This comes as a surprise to me given the G80's relatively low sales numbers, but their resale values are holding relatively well.

Tenth place is the Acura MDX. Its average used price increased by 2.6 percent, or $961, to $37,374. The MDX has always been a silent killer; it’s not the first vehicle that comes to mind when you think of a three-row SUV, but it always sells well and seems to be a favorite among buyers.

The average price of a used Porsche Panamera went up to $81,754, an increase of 3.2 percent or $2,537. Who is spending that much money on a used car? The Panamera has a wide array of engine options and performance capabilities, so it surprises me to see such strong resale values.

The BMW M5's average used price increased by 4.2 percent, or $3,220, to $80,410. This makes more sense to me given the M5's reputation, and this doesn’t include prices of lesser 5-Series.

The average price of a used Nissan Pathfinder increased by 4.9 percent or $1,343 since last August to $28,890. Why do people want a Pathfinder so badly?

The average price of a used Jeep Wrangler increased by 5.5 percent, or $1,921, to $36,885. Wranglers are one of very few vehicles that practically beat depreciation. And they do it exclusively based on vibes, because lord knows it’s not based on their reliability, fuel economy, comfort, or performance.

The average price of a used Mitsubishi Outlander PHEV increased by 6.4 percent, or $1,603, to $26,511. The Outlander PHEV has been a big hit, and given the current hybrid hype, it’s understandable that demand for these incredibly okay vehicles has gone up.

DAMN DAMN DAMN! The average price of a used BMW 2-Series went up to $38,875, an increase of 6.6 percent or $2,416. I don’t want to own many cars in this world, but I desperately want a BMW 2 Series convertible. I’ve been waiting for them to become more affordable on the used market, and it looks like I will keep waiting.

Bronze goes to the Chevrolet Camaro, the $34,994 average price of which increased by 8.4 percent, or $2,709. Chevrolet announced it will discontinue the legendary Camaro after this model year, which may have contributed to this jump in price.

Second place is the Volvo S90, which increased by 16.3 percent, or $5,164, to $36,934. Again, I’ve felt that Volvo cars have been pretty undervalued on the used market up until now, so it doesn’t feel too egregious for the average price of a used S90 to jump up this much. It’s a great car, and that’s still a pretty reasonable price for what you get.

The biggest gainer is the Porsche 718 Cayman, with an average used price of $99,293 that increased by 21.4 percent or $17,532 since last August to $99,293. Porsches are notoriously strong on the used market, especially the company’s sports cars. The Cayman is a brilliant car, but it’s been around for a long time, and I have a difficult time understanding why the average price of a used Cayman jumped up over 21 percent. The rich get richer, I suppose.