It was a banner year for the used car market in 2021. According to Cox Automotive, a record-setting 40.9 million used cars were sold last year – a 10 percent increase over 2020.
Automotive insiders expect 2022 to have a pull-back in used auto sales, though, as Americans are getting sticker shock with rising gas prices and supply shortages causing an overall rise in used car prices.
But what were America’s favorite used cars in 2021? Let’s take a look.
Americans love a truck, and 2021’s sales figures showed it. America’s No. 1 purchased used car was a truck – the Ford F-150. We’ll start with that one.
Ford’s line of trucks was the king in 2021, accounting for 3.6 percent of used car sales. Depending on what size cab you’re seeking, you could be paying anywhere from $30,000-$40,000 for a recent model F-150. This is just evidence that getting a used vehicle loan is going to require the help of an auto loan calculator.
The folks over at Chevrolet had a great year, too, when it came to their Silverado 1500. The truck accounted for 2.6 percent of used sales last year. With multiple cabs and features available to truck fans, it’s easy to see why the Silverado 1500 had a tremendous year.
Coming in at third in 2021 and accounting for 2.4 percent of used auto sales, the Dodge Ram Pickup 1500 is another American-made truck for the working man. Options abound for this line of trucks, and you could be paying upwards of $35,000 for a used one these days.
Trucks might have gotten all the love last year, but cars and sedans also sold well, with Japanese automakers taking home the top three spots here.
At 2.0 percent of used car sales last year and fourth overall, Honda’s line of cars is an easy pick for many.
Another Japanese manufacturer, Toyota, took sixth place in 2021 with 1.9 percent of all purchased used cars.
Honda’s other popular sedan model – and one with more features – came in 10th place last year with 1.6 percent of all used cars purchased.
In a decade where it seemed like the SUV fell out of favor due to rising gas prices, auto manufacturers went back to the drawing board. The result? Compact SUVs that made gas mileage a primary selling point.
Nissan’s compact SUV, the Rogue, was the fifth most-sold used car last year with 1.9 percent of all used sales.
Introduced in 2005, the Chevrolet Equinox gained fans quickly as a crossover SUV. It accounted for 1.9 percent of all used auto sales last year.
The Ford Escape rolled off assembly lines in 2000 thanks to a joint venture with Mazda. The result created 2021’s eighth best-selling used car.
Customers and car reviewers love Toyota’s RAV-4. With maintenance issues far and few, incredible gas mileage, and a spacious interior, the RAV4 was the ninth most-sold car in 2021.