With the new car supply shortages, and the upside-down used car market, should you buy a new Subaru model or a “lightly used” model? A new report from iSeeCars and thanks to Julie Blackley for the additional Subaru information, the Subaru Crosstrek makes the top twelve models that cost more used than new.
Julie says, a “lightly used” vehicle is defined by using data from the 2020 and 2021 model year with mileage within 20 percent of the average annual mileage as defined by the U.S. Department of Transportation; around 13,000 miles.
photo credit: Don Miller Subaru West
iSeeCars analyzed asking prices from over 1.5 million new and used cars sold from January 1, 2022, to January 31, 2022. They identified the top 15 lightly-used cars, that have the highest price increases compared to their new versions, as well as the new cars that are more expensive than their used versions. Check out the complete report here.
A low mileage 2020 or 2021 Subaru Crosstrek will cost around (11.7 percent) or $3,524 more used than a new 2022 Crosstrek subcompact SUV. The Subaru WRX is not far behind and will cost (10.5 percent) or $3,473 more used than a next-generation 2022 WRX performance sedan.
photo credit: Subaru Canada via Cyrill
The short supply of both models is driving the cost of a one-to-two-year-old model up well above the new car price. The problem is, it’s hard to find a 2022 Subaru Crosstrek in many areas of the country and, the 2022 WRX has not arrived in the U.S. yet.
What is the price of the 2022 Subaru Crosstrek?
The 2022 Subaru Crosstrek comes in five trim levels for customers. The base trim is priced from $23,570, Premium ($24,720), Sport ($27,920), Limited ($29,420) and Crosstrek Hybrid ($37,895). Prices include destination and delivery fees ($1,125).
What about buying a lightly used Subaru Forester, Outback, Ascent, Impreza, or Legacy?
iSeeCars data shows the Subaru Impreza hatchback is next highest on the list with a used price of (5.45 percent) +$1,379 more used than new. The Forester is next at (4.99 percent) +$1,723, Impreza sedan is (4.67 percent) +$1,108), Subaru Outback (4.10 percent) +$1,469, and Legacy (1.03 percent) +$326).
The Ascent 3-Row SUV family hauler is the only lightly used Subaru model priced less than a new vehicle. iSeeCars data shows a one-to-two-year-old Ascent will cost (-3.65 percent) -$1,687 less than a new 2022 model year. The difference could be because retailers have more supply of new Ascent SUVs than other Subaru models.
In the crazy upside-down new and used car market, it’s cheaper now to buy a new 2022 Subaru Crosstrek, Forester, Outback, and other models than a lightly used model. But it’s cheaper to buy a used Ascent than a new model.
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Denis Flierl has invested over 30 years in the automotive industry in a consulting role working with every major car brand. He is an accredited member of the Rocky Mountain Automotive Press. Check out Subaru Report where he covers all of the Japanese automaker's models. More stories can be found on the Torque News Subaru page. Follow Denis on Facebook, Twitter, and Instagram.
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Photo credit: Subaru USA
Comments
Clickbait title. They make
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Clickbait title. They make it sound as though the cross trek is a bad car when in fact, the article (and demand for the car) is quite the opposite.
What BS!! Cheap way to get
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Cheap way to get people to read article! Just tell the truth. Makes me not want to read your BS anymore. Was a mechanic for 40 years & worked on all the auto's & Subaru is one of the best! Own new Forster & 2016 Cross trek!
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Yeah, but this is assuming
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Yeah, but this is assuming they actually sell the new model at MSRP...almost certainly most places do not. 10-15% or simply a $4000 price hike across all lines seems to be pretty common. I'll be waiting until this market calms down.
The difference is obviously
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The difference is obviously how fast you need the car. If you can wait 3 months (or more) for a Subaru to arrive, obviously order a new one. If you need a car this week, you're going to have to buy used. When you pay the same or more for a used car, you are paying to have instant access to it. Time is money.
I'm quite happy with my
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I'm quite happy with my purchase of my used Crosstrek thank you. BS article.