SUVs are king accounting for 60% of sales in both categories.
Used sales are composed almost exclusively of electrified vehicles.
You’ve probably read somewhere that there’s a global chip shortage going on right now. Some experts believe it will last into 2023 and beyond. At present, reduced production means that inventories remain low, and used cars prices are still sky-high. In both cases, good and popular models are moving very fast.
Tesla Model X Should You Buy
There’s a roughly 3/5 chance that, as a replacement vehicle shopper, you’re looking into an SUV or a crossover. The odds are even greater if a new vehicle is on the radar as no less than nine out of 10 belong to one of these two categories. Meanwhile, used vehicle shoppers are clearly more interested in efficiency. Out of the 10 hottest used vehicles on the market in March, nine out of 10 feature some form or degree of electrification.
Out of over 150,000 new and used cars sold in March 2022, iSeeCars determined that these vehicles were in the highest demand in the current market:
Fastest-Selling New and Used Cars in March 2022 | ||||
New Cars | Used Cars | |||
Rank | New Car | Days to Sell | Used Car | Days to Sell |
1 | Honda CR-V | 7.6 | Tesla Model X | 28.0 |
2 | Genesis GV70 | 12.2 | Honda Insight | 28.9 |
3 | Lexus RX 350 | 13.0 | Hyundai Ioniq Hybrid | 29.4 |
4 | Toyota Highlander | 13.6 | Tesla Model Y | 29.5 |
5 | Toyota Camry | 15.1 | Toyota Prius Prime | 32.8 |
6 | Toyota RAV4 Hybrid | 15.3 | Mazda Mazda3 Sedan | 34.3 |
7 | Ford Maverick (Hybrid) | 15.5 | Tesla Model S | 34.4 |
8 | Subaru Forester | 17.0 | Tesla Model 3 | 34.7 |
9 | Toyota Tacoma | 17.6 | Chevrolet Volt | 35.0 |
10 | Subaru Crosstrek | 17.7 | Ford Mustang Mach-E | 35.1 |
New Car Average | 35.5 | Used Car Average | 52.9 | |
