New Hyundai Santa Cruz pickup stayed the least amount of time on a dealer’s lot of any car in August
The Santa Cruz passed the Corvette with an average of just 8 days to sell
New cars averaged 26 days on the lot in August
The new 2022 Hyundai Santa Cruz was the fastest-selling car in the US in August, taking just 8 days to sell on average after arriving on dealer lots. The new pickup from Hyundai was even faster to sell than the Chevrolet Corvette which averaged 8.3 days in the showroom.
The data comes from iSeeCars.com who analyzed over 900,000 new and pre-owned cars in the country last month. The data showed that new cars averaged 26 days to sell, an improvement over the 35 days they needed before finding a buyer in July.
“The microchip shortage is showing no signs of slowing down as major automakers continue to halt production, leading to lower and sometimes scarce inventory levels, especially for the most in-demand vehicles,” said iSeeCars Executive Analyst Karl Brauer. “It looks like car buyers who were initially waiting for prices to drop have embraced the reality that inventory shortages are here to stay, at least for the next several months.”
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The 2022 Hyundai Santa Cruz averaged a selling price of $34,485. It was followed closely by the Corvette and the Mercedes-Benz GLS which needed 8.7 days to sell. The rest of the top 20 fastest-selling cars breaks down as follows:
- Subaru Crosstrek – 9.0 days
- Toyota RAV4 – 9.5 days
- Toyota Sienna – 9.5 days
- Subaru Forester – 9.7 days
- Hyundai Tucson Hybrid – 9.8 days
- Toyota 4Runner – 9.8 days
- Lexus RX 450h – 9.9 days
- Kia Seltos – 10.3 days
- Toyota Corolla Hybrid – 10.4 days
- GMC Yukon – 10.5 days
- Subaru WRX – 10.6 days
- Land Rover Defender – 10.6 days
- Ford Bronco – 10.6 days
- Kia Telluride – 10.7 days
- Cadillac Escalade – 10.7 days
- Kia Carnival – 10.8 days
- Toyota Tacoma 10.8 days