The Ford Mustang has continued to rack up accolades in recent months, most recently ranking as the third most satisfying vehicle among members of Generation X. However, even with sales on the decline – much of which can be attributed to production cuts stemming from the chip shortage, the Ford Mustang also remains a solid value. Unlike most vehicles these days, used pony car prices make it cheaper to buy than new examples, though the overall used market is beginning to show signs of cooling off. Regardless, in May, the Ford Mustang was among the top 10 used vehicles with the smallest year-over-year price changes, according to iSeeCars, a list that also includes the Ford F-150.
Compared to last year, used Mustang prices increased by $1,632 or 5.4 percent in May to $32,085, which was the eighth smallest jump of any model. However, the pony car’s chief rival – the Chevrolet Camaro – topped this list by only increasing $101 or 0.3 percent to $34,672. Regardless, that likely has a lot to do with the fact that the Camaro is facing discontinuation in the near future, as has been rumored for years now.
Otherwise, this list is dominated by pickups and SUVs including the F-150, Nissan Armada and Titan, Toyota Tundra, Honda Ridgeline, Chevy Silverado 1500, and Maserati Levante. Across the entire market, used vehicles jumped $4,953 or 16.9 percent to $34,119, year-over-year. However, it seems as if there’s a good reason for that.
“Sports cars were among the vehicle segments that saw the earliest price increases during the pandemic, so their year-over-year price increases aren’t as dramatic as other vehicle segments because prices for them were already high in May 2021,” said iSeeCars Executive Analyst Karl Brauer. “While used car prices have seen minor decreases for the fourth consecutive month, prices remain elevated due to lingering supply constraints.”