GameStop has increased the price of pre-owned PS5 Pro consoles in the US to $1,399 (£1,054), a move that comes amid widespread scarcity of the console. The price hike, which took effect on October 6, makes the used console more expensive than a brand new PS5 Pro, which retails for $899.99 in the US.
GameStop acknowledged the unusual pricing in a statement, noting: 'The preowned console will have a higher price than the new console – this is intentional.' The price change was first circulated on Reddit and has since been confirmed on the official GameStop website, where refurbished PS5 Pro listings reflect the new cost. However, other listed increases, such as a used Wolverine PS5 Pro at $1,499, have not yet appeared.
Component crisis drives up console prices
The price surge is linked to an ongoing component crisis affecting PlayStation 5 and Xbox Series X/S consoles, which are now more expensive than ever despite being six years old. The issue, driven by demand for AI data centres, is expected to persist and could impact the next generation of consoles. New hardware from Sony and Microsoft is anticipated in 2027, though neither company has committed to that timeline.
The rising costs have raised concerns about the potential price of the PlayStation 6 and Xbox's Project Helix. For reference, the PS5 Pro in the UK currently costs £789.99, leading some to speculate that next-generation consoles could approach £1,000.
UK retailers unaffected for now
In the US, the PS5 Pro has been sold out across the board over the past month, a rush seemingly sparked by the recent Extended Look for GTA 6, ahead of its launch on November 19, 2026. This scarcity has allowed retailers like GameStop to overcharge for pre-owned consoles due to high demand.
At the time of writing, similar scarcity has not occurred in the UK. Retailers such as Currys and Very have PS5 Pros in stock, and CeX is selling pre-owned consoles at a sensible price. However, the situation could escalate over the next month, particularly with Christmas approaching. The question remains whether UK games retailers would follow GameStop's lead in raising prices on pre-owned consoles.
