New vehicle inventories remain low.
On average, used car prices are 10.5% higher than in June 2021.
Fuel-efficient vehicles dominate both lists.
Fuel-efficient vehicles, both new and used, are flying off still-nearly-empty car lots. SUVs are still well in the lead for new vehicle shoppers. Meanwhile, used-car shoppers are focusing heavily on purchasing something that will limit high gasoline bills.
2022 Tesla Model Y | Photo: Tesla
The used-car market is softening somewhat however premiums are still being paid by consumers. On average, that price increase is a still considerable 10.5% more than back in June of 2021. Driving the increase in the demand for EVs and other electrified vehicles.
As for new vehicles, Subaru had quite a month in June as three of its offerings made the top 10 list of fastest-moving new vehicles with the Corsstrek taking the number one spot.
“Both new and used car prices rose in June over May as inventory constraints continue to plague the new and used car market,” said iSeeCars Executive Analyst Karl Brauer. “Rising interest rates and high gas prices have also heightened demand for more efficient and affordable vehicles.”
Here is the Top 10 fastest-selling new and used car from this past June:
Fastest-Selling New and Used Cars in June 2022 | ||||
New Cars | Used Cars | |||
Rank | New Car | Days to Sell | Used Car | Days to Sell |
1 | Subaru Crosstrek | 12.9 | Tesla Model Y | 24.9 |
2 | Honda Civic | 14.1 | Toyota Prius Prime | 25.1 |
3 | Subaru Forester | 14.7 | Ford Mustang Mach-E | 26.8 |
4 | Honda CR-V | 17.7 | Toyota Prius | 27.0 |
5 | Subaru Impreza | 18.5 | Tesla Model 3 | 27.7 |
6 | Kia Telluride | 18.6 | Tesla Model X | 28.0 |
7 | Kia Forte | 18.6 | Mazda MAZDA3 Sedan | 28.8 |
8 | BMW X3 | 19.4 | Kia K5 | 29.9 |
9 | Ford Bronco | 21.5 | Toyota Highlander Hybrid | 32.3 |
10 | Hyundai Tucson Hybrid | 22.3 | Acura ILX | 32.6 |
New Car Average | 37.2 | Used Car Average | 52.1 | |
