Fastest-selling new vehicles are nearly all new or recently renewed models.
The number of days to sell a new vehicle has increased by over 67% during the pandemic.
As for used car sales, the number has jumped 37.5%.
Despite the challenges brought on by the COVID-19 pandemic, some vehicles are flying off dealer lots a lot faster than supply is coming in. At the top of the list of new vehicles, we have the Chevy Trailblazer while the Tesla Model 3 is not staying long on pre-owned lots.
The pandemic and its ensuing lockdown caused the car business to come to a near screeching halt. iSeeCars.com analyzed 9 million new and used vehicle transactions from November 2019 to June 2020 and found that the number of days to sell one has increased considerably.
“The effective demand for these vehicles has slowed in the wake of the COVID-19 pandemic due to lockdowns and downturns in the economy, but the change was much more dramatic for new vehicles than for used vehicles,” said iSeeCars CEO Phong Ly.
The study has found that the average new car needed 57.8 days during the pre-COVID timeframe of November 2019 through February 2020 compared to 96.9 days to sell between March and June of 2020. As for used cars, pre-COVID delays were 50.1 days compared to the March-June period’s 68.9 days.
Despite these results, some vehicles a bucking the negative trend. In most cases, the quicker selling units have become scarce due to assembly line shutdowns mixed with strong demand. Production for some began just ahead of the lockdown and so very few were produced. Relatedly, other models are rare as parts are or were in short supply during the pandemic lockdown.
Top 10 Fastest-Selling New Cars
Here are the Top 10 fastest-selling new vehicles (average days to sell for all new vehicles is 96.9 days):
1- Chevrolet Trailblazer (average days to sell: 19)
2- Kia Telluride (average days to sell: 25.7)
3- Kia Seltos (average days to sell: 31.3)
4- Honda CR-V Hybrid (average days to sell: 35.2)
5- Hyundai Palisade (average days to sell: 39)
6- Mercedes-Benz GLB (average days to sell: 40.5)
7- Chevrolet Bolt (average days to sell: 41.7)
8- Toyota RAV4 Hybrid (average days to sell: 42.5)
9- Subaru Crosstrek (average days to sell: 44.7)
10- Lexus GX 460 (average days to sell: 46.1)
Top 10 Fastest-Selling Pre-Owned Cars
This is the Top 10 fastest-selling used cars. Despite the drop in demand, these ten vehicles sell roughly 1.3 times faster than the average: