Study Shows That Despite High Prices, New And Used Cars Are Selling Fast – CarScoops
A number of factors, from greedy dealer markups to super-low inventory numbers to increased demand, have sent automotive prices into the stratosphere. Despite those high prices and a used-car price increase of 10.5 percent on average, buyers are still snatching up vehicles left and right. You might be surprised by some of the top selling choices in June.
This new report c…….
A number of factors, from greedy dealer markups to super-low inventory numbers to increased demand, have sent automotive prices into the stratosphere. Despite those high prices and a used-car price increase of 10.5 percent on average, buyers are still snatching up vehicles left and right. You might be surprised by some of the top selling choices in June.
This new report comes from iseecars.com and highlights top sellers in both the new and used car market. As gas prices continue to soar it will come as no surprise that electric vehicles and fuel-efficient internal combustion vehicles are taking the lead on each of these lists.
At the top of the list for new vehicles is the Subaru Crosstrek, which took an average of just 12.9 days to sell from the day that it landed on the dealer lot. Second place went to the Honda Civic which took more than a full day longer at 14.1 days. Third place ended in a tie between the Subaru Forester and the Honda CR-V, which both took 14.7 days.
Read More: The EV Sales Race For Second Place Is Heating Up In America With Hyundai And Ford As Front Runners
| Top 20 Fastest-Selling New Vehicles In June 2022 – iSeeCars Study | |||
| Rank | Vehicle | Average Days To Sell | Average Price |
| 1 | Subaru Crosstrek | 12.9 | $30,299 |
| 2 | Honda Civic | 14.1 | $26,480 |
| 3 | Subaru Forester | 14.7 | $34,319 |
| 4 | Honda CR-V | 17.7 | $34,698 |
| 5 | Subaru Impreza | 18.5 | $24,881 |
| 6 | Kia Telluride | 18.6 | $46,447 |
| 7 | Kia Forte | 18.6 | $23,084 |
| 8 | BMW X3 | 19.4 | $52,079 |
| 9 | Ford Bronco | 21.5 | $57,579 |
| 10 | Hyundai Tucson Hybrid | 22.3 | $36,371 |
| 11 | Subaru Outback | 22.9 | $37,942 |
| 12 | Kia Sportage | 22.9 | $33,967 |
| 13 | Toyota RAV4 Hybrid | 23.7 | $36,767 |
| 14 | Nissan Kicks | 23.7 | $24,277 |
| 15 | Jeep Wrangler Unlimited | 24.1 | $55,043 |
| 16 | Chevrolet Trailblazer | 24.1 | $27,523 |
| 17 | Mercedes-Benz GLE | 24.7 | $75,240 |
| 18 | Toyota Camry | 25.9 | $30,998 |
| 19 | Jeep Wrangler Unlimited (Hybrid) | 25.9 | $62,731 |
| 20 | Toyota Highlander | 26.4 | $46,332 |
| Average For All New Vehicles | 37.2 | $42,706 | |
Six of the top 10 vehicles are SUVs while just three, the Subaru Impreza, Honda Civic, and the Kia Forte, are sedans. According to the study, the average cost of a new vehicle in June was $42,706. Interestingly, the average price of a used vehicle sold in the same month was less than $10,000 cheaper, at $34,629.
Leading that list is the Tesla Model Y, which spent an average of just 24.9 days on dealer lots before someone snatched it up. The Toyota Prius Prime took second place with a total time on the lot of 25.1 days. Third place was rounded out by another EV, the Ford Mustang Mach-E, with an average of 26.8 days.
Seven of the top 10 are either fully electric or electrified hybrids. In fact, Tesla claims three of the top six spots with only the pricey Model S missing out on the top 20. It’s just one more sign that the transition to electric vehicles is well underway.
| Top 20 Fastest-Selling Used Vehicles in June 2022 – iSeeCars Study | |||
| Rank | Vehicle | Average Days to Sell | Average Price |
| 1 | Tesla Model Y | 24.9 | $69,784 |
| 2 | Toyota Prius Prime | 25.1 | $31,867 |
| 3 | Ford Mustang Mach-E | 26.8 | $60,881 |
| 4 | Toyota Prius | 27.0 | $28,029 |
| 5 | Tesla Model 3 | 27.7 | $52,216 |
| 6 | Tesla Model X | 28.0 | $90,089 |
| 7 | Mazda MAZDA3 Sedan | 28.8 | $24,890 |
| 8 | Kia K5 | 29.9 | $31,357 |
| 9 | Toyota Highlander Hybrid | 32.3 | $45,521 |
| 10 | Acura ILX | 32.6 | $26,182 |
| 11 | Honda Civic | 32.8 | $25,369 |
| 12 | Chevrolet Camaro | 32.9 | $34,345 |
| 13 | Ford F-150 Hybrid | 33.0 | $67,274 |
| 14 | Honda Accord Hybrid | 33.0 | $31,122 |
| 15 | Audi A4 | 33.1 | $31,773 |
| 16 | Subaru WRX | 33.9 | $33,102 |
| 17 | Land Rover Range Rover Velar | 34.0 | $55,042 |
| 18 | Toyota RAV4 Hybrid | 35.0 | $38,051 |
| 19 | Audi Q3 | 35.6 | $32,942 |
| 20 | Chevrolet Spark | 36.1 | $16,743 |
| Average for All Used Vehicles | 52.1 | $34,629 | |
