Best Cars to Sell Amidst Global Chip Shortage

With record rasising prices scaring away potential buyers, the automotive market has quickly transitioned from a buyer’s market to a seller’s paradise in a matter of a year. Drivers with used cars, specifically in fair condition, have a chance to make some serious cash in 2021. The only question: what are the best cars to sell?  

If you’ve been debating selling your old truck or used car, don’t wait any longer. Check out what cars are gaining the biggest profit from the pandemic era. In addition, find out the best companies to sell your car to when you’re ready to take the plunge. 

What are the best cars to sell this year?

Amidst the looming chip shortage, we find ourselves with a window of opportunity. With demands higher than ever, it is a sellers market, no doubt about it. For those ready to part ways with their old ride, it’s time to sell. However, there are some cars that are holding their value more than others. Find out which ones are below. 

Top 5 of the best cars to sell 

Research performed by iseecars.com has given further insight into the cars with the greatest price increases this year. Basically, if you drive one of these rides, a higher trade-in value is waiting for you. 

• Chevrolet Corvette 
• Mercedes Benz G-Class
• Ram 1500
• GMC Sierra 1500
• Mercedes Benz S-Class

Chevrolet Corvette owners have seen a 33.9% increase in price since 2020. Pretty remarkable for a high-end model. Others models mentioned are seeing price increases above 25%. This means, you’re bound to make some cash off your old purchase. Yet, the best cars to sell list doesn’t stop there. 

Honorable mentions

The most sellable vehicles this year range from pick-up trucks to sought-after luxury sedans. Some models to note are the Chevrolet Camaro with $6,582 price increase. Also, the Toyota Tundra with an average $8,356 increase since 2020 and the Chevrolet Silverado 1500 with a $7,960 rise in sale value. 

With the data collected from iseecars.com study, it’s evident to see truck owners have greater odds of making a deal. It seems car buyers are always looking for the best truck. One that is reliable enough to buy used in 2021.

Where should I sell my vehicle?

If these jaw-dropping price increases have convinced you by now, the next step is to find a place to sell. Of course, you can always do it the old fashion way. Just stick a sign on your car and see who comes calling. But to keep things easy, one of the best ways to sell your ride is through online automotive sites. 

Websites like Carvana and CarsGuru make it easy to sell your car from your home. You can even get great trade-in deals. Maybe you’ll find your next dream car in the process. Selling your car online is too easy to pass up. 

The chip shortage can’t stop the selling power

The recent chip shortage is causing havoc in most industries, however, the automotive sector is experiencing the biggest hit. There is no concrete end in sight for the current chip shortage, so selling a car now is the best way to make a profit.

There's no end in sight to the global shortage of semiconductors, and it's bad news for almost every industry – from cars to electronic devices. https://t.co/WI9pXjiV1r

— euronews (@euronews) May 31, 2021

Whether you plan on holding on to your ride until car prices deflate, it’s good to know that many car owners can take advantage of this record-breaking selling power. Let’s just say if you have no problem parting ways with your used car, it can’t hurt seeing what buyers are interested in. 

You just might end up with offer that you can’t refuse!