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Toyota HiLux, Ford Ranger, Volkswagen Amarok and other utes fetching top dollar on the used-car market

The Toyota HiLux Rugged X is proving popular on used-car buying classifieds.

Writing that the latest utes are more expensive than ever before is hardly breaking news. But the recent supply chain shortages have pushed prices of even used utes into previously uncharted territory.

Looking at the used car classifieds on Autotrader, you’ll find Ford Ranger Raptors advertised for up to almost $18,000 more than the manufacturer’s recommended list price (MRLP). It’s a similar story for the Toyota HiLux Rogue, with certain examples asking for more than $15k despite more than 2000km on the odometer.

We’ve previously reported on the demand for classic Australian-made cars, with more than a dozen VF Commodore SS-V Redlines advertised at more than $80,000. We’ve also looked at the increasing demand for Japanese sports cars, like the Nissan GT-R and Toyota Supra, that are seeing used car prices surge. But the combination of in-demand utes and limited supply means the market for these near-new models is on the rise.

While the concept of ‘supply and demand’ has long been the established method for setting prices, this current situation seems likely to be temporary given the lack of incoming models because of the semi-conductor shortage and other logistical delays slowing production. But it does mean if you want a ute like the Ranger Raptor or a high-grade HiLux, you’ll need to be willing to spend a bit extra.

That’s because our earlier example of a Raptor asking for $93,990 (drive-away) may be the most extreme example of an unmodified Ranger price, but it’s far from being alone.

At the time of publication Autotrader was advertising 24 Ranger Raptors for more than $80,000, most with significant mileage already underneath them. The fewest kays covered was just under 4000km, while three of these premium-priced models have already covered more than 50,000km.

Being Australia’s best-selling vehicle means demand for the HiLux is high too, Autotrader currently lists 43 HiLux with prices above $70,000. And that’s not just for the Rogue ($70,200 RRP) and Rugged X ($70,750 RRP), but you’ll also find low-kay examples of the HiLux SR5. That model typically has a list price of $59,180 plus on-road costs, so those selling for more than $74,000 stand to make a potentially handsome profit.

The Volkswagen Amarok W580S is another example of this current trend, albeit on a smaller scale. There are several examples available on Autotrader with relatively low kilometres for between $3k to $10k premiums.

The good news for ute buyers is not every model is demanding hefty premiums. Examples of the Nissan Navara PRO-4X can be found on Autotrader for either slightly above list price or even at competitive drive away pricing.

The question buyers should ask themselves now is how urgently do they want a new ute, particularly a Ranger or HiLux with new models on the way in the not-too-distant future. Will the recent reveal of the new-generation Ranger as well as the confirmation that the Raptor will be unveiled in February next year cool the market for these used examples?

The same will be true of the HiLux, with the semiconductor shortage tipped to be at least lessened by the middle of next year and the new model possibly revealed by Toyota before ‘22 is over.

Whether or not buyers can wait that long will ultimately determine if the prices currently seen for these popular utes remain so high.