New Data Reveals Overpriced Cars and Worst Resale Values in New York

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A new report from CarEdge has identified several popular car models that are currently being marked up significantly above MSRP by New York dealerships, as well as vehicles with the worst resale values in the state over a 5-year period. The analysis covers models like the Honda Prelude, Toyota RAV4 Prime, Jeep Grand Wagoneer, and Tesla Model X, highlighting the challenges consumers face when buying a car in the current market.

Why it matters

With new and used car prices at record highs, this data provides valuable insights for New York consumers on which models to avoid due to excessive dealer markups or rapid depreciation. It also underscores broader trends around inventory shortages and the financial realities of vehicle ownership that are impacting the automotive industry.

The details

According to CarEdge, dealers in New York are marking up the Honda Prelude between $10,000 and $25,000 over MSRP, while the Toyota RAV4 Prime is seeing $3,000 to $5,000 in 'market adjustments.' On the other end, the Jeep Grand Wagoneer has been sitting on lots for an average of 428 days, leading dealers to slash $25,000 or more off the sticker price. The data also shows the Tesla Model X loses 63% of its value in just 5 years, and that Land Rover is the most expensive brand to own in the country, costing an average of $17,450 in maintenance over 10 years.

• CarEdge released its full breakdown of the most overpriced vehicles in America in April 2026.
• The analysis covers current market conditions and pricing trends in the New York automotive market.

What’s next

The report from CarEdge provides valuable data for New York consumers to consider when shopping for a new or used vehicle in the current market. As inventory shortages and high prices continue, staying informed on which models to avoid due to excessive markups or rapid depreciation will be crucial.