![How High Are Used Car Prices in Minnesota Right Now?](http://townsquare.media/site/719/files/2022/04/attachment-Cars-Dealership.jpg?w=980&q=75)
How High Are Used Car Prices in Minnesota Right Now?
![Quick Country 96.5 logo](https://townsquare.media/wp-content/uploads/2019/05/KWWKFM.png?w=100)
If you're looking for a used car, be prepared to spend a lot more money right now in Minnesota.
To say prices on used cars are skyrocketing right now in the Land of 10,000 Lakes might be a bit of an understatement. And even though the average price of a pre-driven car decreased slightly in March compared to February, prices are still way higher this spring than they were a year ago.
According to this new ISeeCars survey, prices on used cars right now are, on average, over 30 percent higher right now than they were in 2021:
Used car prices rose 30.4% nationally in March as the microchip shortage continues to impact the automotive industry. This is down from a 35.0% increase in February. Smaller cars and hybrid/electric vehicles are in high demand as a result of record gas prices.
Specifically, here in the North Star State, average used car prices are running 30.6% more in 2022 than they were last year, and cost an average of $8,000 more right now than they did in 2021!
These Cars Cost More Used Than New in MN
What's behind those big increases? Well, used cars are more in demand because the supply of new cars is also scarce due mainly to ongoing 'supply chain' issues which have been making microchips scarce. The ongoing war in Ukraine is also having an effect, ISeeCars noted, because Russia is a key supplier of materials used to make car parts and microchips.
Here are the Top Five Used Cars With the Greatest Price Increases in Minnesota
1. Mercedes-Benz C-Class - Up 54.7% for an increase of $15,738
2. Nissan Sentra - Up 46.5% for an increase of $6,310
3. Hyundai Elantra - Up 45.6% for an increase of $6,075
4. Volkswagen Jetta - Up 45.6% for an increase of $6,910
5. Hyundai Sonata - Up 44.9% for an increase of $7,101
Listen to Curt St. John in the Morning
Weekdays from 6 to 10 a.m. on Quick Country 96.5
LOOK: See the iconic cars that debuted the year you were born
More From Quick Country 96.5
![This Airline Is Now Leaving Minnesota For Good](http://townsquare.media/site/719/files/2024/07/attachment-Airline-Leaving-MN2.jpg?w=980&q=75)
![6 Dog-Friendly Events in Minnesota That Will Make Tails Wag](http://townsquare.media/site/719/files/2024/07/attachment-RS14848_178712512.jpg?w=980&q=75)
![Minnesota’s Mega Road: What Is the State’s Longest Highway?](http://townsquare.media/site/719/files/2024/07/attachment-MN-Long-Road.jpg?w=980&q=75)
![Most Common Mistakes Minnesotans Make When Starting Their Vehicle In Frigid Weather](http://townsquare.media/site/164/files/2024/01/attachment-RS47630_GettyImages-625643880.jpg?w=980&q=75)
![Which Color Car is Most Popular in Minnesota in 2023?](http://townsquare.media/site/719/files/2023/10/attachment-MN-Most-Popular-Car.jpg?w=980&q=75)
![There’s A New Law Protecting Used Car Buyers In Minnesota In 2023](http://townsquare.media/site/150/files/2023/01/attachment-RS42957_GettyImages-505821310-scr.jpg?w=980&q=75)
![What Is The Most Reliable Car In Minnesota For 2022?](http://townsquare.media/site/719/files/2022/11/attachment-Most-Reliable-Car.jpg?w=980&q=75)
![The Cost of Owning a Car Just Hit a New High Here in Minnesota](http://townsquare.media/site/719/files/2022/08/attachment-Car-Costs.jpg?w=980&q=75)
![Which Color Cars Lose Their Value Fastest Here in Minnesota?](http://townsquare.media/site/719/files/2022/06/attachment-Car-Color-Value.jpg?w=980&q=75)