Tuesday, January 31, 2023
News Here are the Hottest New and Used Vehicles on the Market

Here are the Hottest New and Used Vehicles on the Market

Toyota rules above all with more than 25% of the hottest new and used vehicles sporting one of its logos


  • 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
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

 

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Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

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