--- title: "Used truck prices are out of control, up 15% or more" url: "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/" publisher: "Pickup Truck + SUV Talk" content_signal: "search=yes, ai-input=yes, ai-train=no" author: "Tim Esterdahl" published: "2020-11-23T20:06:37+00:00" modified: "2025-07-23T15:17:28+00:00" image: "https://pickuptrucktalk.com/wp-content/uploads/2020/11/RM020_370FN7h20tsrtktle2tkeqqh1pilffl.jpg" --- # Used truck prices are out of control, up 15% or more By Tim Esterdahl Published: 2020-11-23T20:06:37+00:00 Updated: 2025-07-23T15:17:28+00:00 ![Featured image]() The COVID-19 pandemic has caused many changes, including a massive growth in new truck and SUV sales — and that’s not all. According to a recent study, used truck prices have also seen big growth with some trucks gaining thousands in value seemingly overnight. This latest study from [iSeeCars.com](), a car search engine website, analyzed more than 1.2 million used cars to see price differences between October 2020 and October 2019. What they found is really surprising. Overall, used car prices had an average increase of 9.5% or $2,193 compared to the prior year. Trucks saw an even larger increase with a 14% increase on average. “The shortage of new truck inventory and the growing popularity of pickups led to heightened demand and scarce supply in the used car marketplace that has continued even as new car inventory begins to stabilize,” said iSeeCars Executive Analyst Karl Brauer. “Additionally, people who require trucks for work are more likely to pay a higher price that is well above market value.” ### **Used truck prices explode** Those factors along with people’s growing desire to work on their houses and go camping or road tripping — both things you can do during the pandemic — has spurred truck sales. Plus, low gas prices and less money spent on commuting to work are seeing truck prices growing. The chart below shows just how much truck prices have soared. | Pickup Trucks with the Greatest Price Increases – iSeeCars Study | | | | | | --- | --- | --- | --- | --- | | Rank | Pickup Truck | Average Used Car Price (October 2020) | $ Price Change from October 2019 | Oct Y-o-Y Price Change | | 1 | Ram Pickup 1500 | $32,841 | $5,911 | 21.9% | | 2 | GMC Sierra 1500 | $38,750 | $6,380 | 19.7% | | 3 | Toyota Tundra | $38,046 | $5,535 | 17.0% | | 4 | Chevrolet Silverado 1500 | $34,245 | $4,876 | 16.6% | | 5 | Toyota Tacoma | $32,435 | $4,189 | 14.8% | | 6 | Ford F-150 | $35,707 | $4,467 | 14.3% | | 7 | Ram Pickup 3500 | $48,297 | $6,030 | 14.3% | | 8 | Ford F-350 Super Duty | $52,649 | $6,520 | 14.1% | | Average for All Pickup Trucks | 14.0% | | | | | 9 | Nissan Titan | $33,440 | $3,877 | 13.1% | | 10 | Nissan Frontier | $23,289 | $2,497 | 12.0% | | 11 | Ram Pickup 2500 | $43,607 | $4,668 | 12.0% | | 12 | Ford F-250 Super Duty | $46,772 | $4,557 | 10.8% | | 13 | GMC Canyon | $29,748 | $2,834 | 10.5% | | 14 | GMC Sierra 2500HD | $49,807 | $3,786 | 8.2% | | 15 | Chevrolet Colorado | $28,037 | $2,034 | 7.8% | | 16 | Chevrolet Silverado 2500HD | $43,133 | $2,334 | 5.7% | Looking closer at the list, we can see only the Chevy/GMC 3500, or one-ton trucks, didn’t make the list while most every other truck had an increase including the [Ram 1500]() and [GMC Sierra](). [Embedded video]() Our YouTube video comment section is filled with truck owners saying they are seeing the same price increases play out on the dealer lots. Some have sold their truck after a year and have made out ahead while others are buying a new truck instead since the price differences between a 2021 or 2020 aren’t as much as they used to be. ### **The bottom line on used truck prices** Truck sales are hot right now and could continue into next year until a vaccine is widely available. While this could cool things a bit, the truck market has been hot for a few years now. Low gas prices, more work-from-home jobs and the growth in camping (seriously, try to buy a new RV right now) should keep this market hot. Like it or not, new trucks are pretty expensive, and used trucks are seeing this price increase as well. Might as well consider buying a new truck if this trend continues. ***Methodology:** iSeeCars.com analyzed more than 1.2 million used car sales from model years 2015 to 2019 in October 2020, and more than 1.3 million used car sales from model years 2014 to 2018 in October 2019. The average listing prices of each car model were compared between the two time periods, and the differences were expressed as both a percentage difference from the 2019 price as well as a dollar difference. Heavy-duty vehicles and low-volume vehicles were excluded from further analysis.* **Related posts:** > [Buy these trucks! 2020 top 10 pickup truck resale values]() > [2021 Ram 1500 adds new tech, snow plow prep package]() > [2020 GMC Sierra AT4: Diesel power plus off-road prowess?]() ## Structured page information ~~~json [ { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/#article", "isPartOf": { "@id": "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/" }, "author": { "name": "Tim Esterdahl", "@id": "https://pickuptrucktalk.com/#/schema/person/82b06f99329f69a069a5ab6caed18593" }, "headline": "Used truck prices are out of control, up 15% or more", "datePublished": "2020-11-23T20:06:37+00:00", "dateModified": "2025-07-23T15:17:28+00:00", "mainEntityOfPage": { "@id": "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/" }, "wordCount": 596, "commentCount": 2, "publisher": { "@id": "https://pickuptrucktalk.com/#organization" }, "image": { "@id": "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/#primaryimage" }, "thumbnailUrl": "https://pickuptrucktalk.com/wp-content/uploads/2020/11/RM020_370FN7h20tsrtktle2tkeqqh1pilffl.jpg", "keywords": [ "used pickup truck prices", "used pickup vs new pickup", "used truck prices" ], "articleSection": [ "News" ], "inLanguage": "en-US", "potentialAction": [ { "@type": "CommentAction", "name": "Comment", "target": [ "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/#respond" ] } ] }, { "@type": "WebPage", "@id": "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/", "url": "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/", "name": "Used truck prices are out of control, up 15% or more", "isPartOf": { "@id": "https://pickuptrucktalk.com/#website" }, "primaryImageOfPage": { "@id": "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/#primaryimage" }, "image": { "@id": "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/#primaryimage" }, "thumbnailUrl": "https://pickuptrucktalk.com/wp-content/uploads/2020/11/RM020_370FN7h20tsrtktle2tkeqqh1pilffl.jpg", "datePublished": "2020-11-23T20:06:37+00:00", "dateModified": "2025-07-23T15:17:28+00:00", "description": "According to a recent study, used truck prices have also seen a big growth with some trucks gaining thousands in value seemingly overnight.", "breadcrumb": { "@id": "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/#breadcrumb" }, "inLanguage": "en-US", "potentialAction": [ { "@type": "ReadAction", "target": [ "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/" ] } ] }, { "@type": "ImageObject", "inLanguage": "en-US", "@id": "https://pickuptrucktalk.com/2020/11/used-truck-prices-15-percent-or-more/#primaryimage", "url": "https://pickuptrucktalk.com/wp-content/uploads/2020/11/RM020_370FN7h20tsrtktle2tkeqqh1pilffl.jpg", "contentUrl": "https://pickuptrucktalk.com/wp-content/uploads/2020/11/RM020_370FN7h20tsrtktle2tkeqqh1pilffl.jpg", "width": 1000, "height": 528, "caption": "Used trucks, like this 2020 Ram 1500, are seeing thousands more in value thanks to a hot automotive market. 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