• News
  • Used Vehicles
  • Top Ten Vehicles Sold With 100,000 Miles

    Top Ten Vehicles Sold With 100,000 Miles

    Once you read this, you may not feel the same about that older-model 100,000-mile vehicle sitting in your driveway.  That's because it could be worth more than you think thanks to the current used car market.

    Case in point, a new Edmunds.com analysis finds that vehicles with 100,000 to 109,000 miles are worth more than they were a year ago.  The average transaction price at a dealership for vehicles in that mileage group was $16,489 in June 2021, compared to $12,626 last year. That's up 31%, a year-over-year increase is the highest ATP that Edmunds has on record for those vehicles.  

    Older-model vehicles are also selling about seven days faster than new vehicles in the current market.  Edmunds data shows that all vehicles sold with 100,000-109,999 miles had an average of 30.5 days to turn in June 2021, compared to 37.7 days in June of last year.

    "It's been a long-held belief among many car buyers and sellers that a vehicle's value begins to decline dramatically once it crosses the 100,000-mile mark, but that's proven to be wrong as vehicle technology and durability have greatly improved over the years," said Ivan Drury, Edmunds' senior manager of insights. "The soaring demand we're seeing in the used vehicle market right now only further debunks this myth: We're seeing 7- to 8-year-old vehicles with more than 100,000 miles commanding prices today that are more like the cost of 5-year-old vehicles with 60,000-80,000 miles a year ago."


    HOW MUCH IS YOUR CAR IS WORTH?
    If you'd like to find out how much your vehicle is worth, you can do so easily online using one of two CarProUSA Partner Services personally recommended by The Car Pro Jerry Reynolds, host of the CarProUSA Radio Show. 
    Give Me The Vin gives you a firm offer to buy your car and Retail My Ride, a consignment service, will also give you a quote on what your vehicle is worth.

     

    In its press release, Edmunds says its analysts took a look at the top 10 used vehicles that dealers sold with mileage between 100,000-109,999 miles in June 2021 and identified their average age, transaction price and Days To Turn (DTT).

    Here are some of the findings:

    • Trucks top list of the greatest year-over-year increase in average transaction prices.
      • The Chevy Silverado 1500 hit an ATP of $26,914 in June 2021, which was a 49% year-over-year increase; the Ford F-150 climbed to $25,924, which was a 43% increase; and the Ram 1500 commanded an ATP of $24,657, which reflected a 42% increase.
    • Vehicles that sold faster year over year are a mixed bag.
      • The Jeep Wrangler topped that list with an average DTT of 29.7 days, a 37% year-over-year decrease, followed by the Ram 1500, which had a 28% year-over-year decrease in DTT to 27.4 days. And the Honda Civic came in third with a 25% year-over-year decrease in DTT to 28.3 days.

    "Consumers with an old truck sitting in their driveway are in the best position to take advantage of this wild market," said Drury. "Even if you own an SUV or passenger vehicle that's a bit long in the tooth, you shouldn't be too quick to assume its value is dead. Chances are it's worth a bit more — if not a lot more — than you think, which you could use to offset the cost of your next car purchase, or you could simply pocket the extra cash."


    Top 10 Used Vehicles Sold With Mileage Between 100,000-109,999 Miles*

     

    June 2021

    (ATP:  Average Transaction Price)

    Make

    Model

    Average age

    ATP

    Days to turn

    Chevrolet

    Silverado 1500

    6.6

    $26,914

    30.8

    Ford

    Escape

    7.1

    $11,359

    30.5

    Ford

    F-150

    7.2

    $25,924

    30.3

    Honda

    Accord

    8.4

    $12,633

    27.4

    Honda

    Civic

    8

    $10,907

    28.3

    Honda

    CR-V

    8.5

    $13,829

    30.0

    Jeep

    Grand Cherokee

    7.3

    $17,700

    36.6

    Jeep

    Wrangler

    8.6

    $23,084

    29.7

    Ram

    1500

    6.5

    $24,657

    27.4

    Toyota

    Camry

    8

    $12,057

    27.3

     

    June 2020

    (ATP:  Average Transaction Price)

    Make

    Model

    Average age

    ATP

    Days to turn

    Chevrolet

    Silverado 1500

    7

    $18,070

    38.6

    Ford

    Escape

    6.8

    $8,646

    36.4

    Ford

    F-150

    7.1

    $18,092

    35.3

    Honda

    Accord

    7.8

    $9,440

    32.7

    Honda

    Civic

    7.9

    $8,177

    37.5

    Honda

    CR-V

    8.2

    $10,582

    37.1

    Jeep

    Grand Cherokee

    7.1

    $13,333

    42.4

    Jeep

    Wrangler

    8.6

    $17,329

    47.1

    Ram

    1500

    6.3

    $17,365

    38.0

    Toyota

    Camry

    7.4

    $9,040

    33.2



    Source: Edmunds

    Photo Credit: 2015 Chevrolet Silverado 1500 Custom. // Chevrolet.