SUVs and trucks still rule supreme.
Two new entries show consumer interest in electrification.
The Chevrolet Corvette is still boss.
There’s a storm brewing in the car business and it’s put the industry in a tizzy. The pandemic has crashed and revived demand only to all but destroy production due to a pandemic-induced global chip shortage. Essentially, news cars, all of them, are a hot commodity. Some, however, are hotter than others.
New car inventories have dropped by 16.6% in April because of the chip but consumers continue to want new wheels. The industry average for the number of days needed to sell a new car is of 48.3 days but some nameplates require far less time to move off lots.
iSeeCars has just released its latest monthly analysis and for the fourth consecutive month, the Chevrolet Corvette is the fastest-selling new car in the US. There are a few breakout models such as the recently introduced Jeep Wrangler 4xe, the Hyundai Santa Fe Hybrid, and Kia Carnival. With the sole exception of the Toyota Tacoma, all others are recently introduced or updated models.
Here’s the complete Top 10 and the average number of days to sell:
1-Chevrolet Corvette (9.2)
2-Jeep Wrangler 4xe (10.5)
3-Kia Telluride (12.6)
4-Hyundai Santa Fe Hybrid (12.8)
5-Lexus IS 350 (13.4)
6-Toyota RAV4 Prime (13.7)
7-Cadillac Escalade (13.9)
8-Kia Carnival (13.9)
9-Toyota Tacoma (15.0)
10-GMC Yukon (15.5)