The Top 20 Slowest-Selling Used Cars The slowest selling used cars are nearly all SUVs, though the Tesla Models S sedan tops the list. Top 20 Fastest-Selling Used Cars – iSeeCars Study Demand should stay strong for used cars as prices slowly drop over the next 6 to 12 months. Consumers still need to replace their aging vehicles with more recent used cars, and many have been waiting for lower prices since the pandemic drove costs up 3 years ago. Lower used car prices and faster sales indicate ongoing interest in used cars as prices moderate. “Both new and used EVs are taking more than 50 days to sell on average, meaning it takes more than twice as long for dealers to find EV buyers compared to a year ago.” Used Car Pricing and Days to Sell “The good news for electric vehicle buyers is that EVs are both cheaper and harder to sell in 2023, putting pressure on automakers and dealers to move them in a market that appears to have lost interest,“ said Brauer. These EVs are selling slower despite major price drops over the past year. Used EVs are selling even slower, shifting from an average of 26.4 days a year ago to 57.8 days now, a 120 percent increase. This shows buyers are continuing to seek value in the used car market – despite a wide range of new car options.”Įlectric vehicles sales have slowed to a crawl, with new EVs moving from 25.2 days to sell to 50 days over the past year. The new car average time-to-sale is down by more than 25 percent even as used cars are selling 6.1 percent faster. “Now there are plenty of new cars on dealer lots, but consumers aren’t rushing out to buy them. “Used car prices were initially driven up by a lack of new car inventory,” said iSeeCars Executive Analyst Karl Brauer.
Overall used cars sales are faster by 6.1 percent, but the average new car is selling 25.7 percent slower, according to a new study by. Popular cars in the new and used market sell slower as consumers look outside mainstream models to find lower pricesĬonsumer fatigue with new and used car pricing is impacting their rate of sales, with top-selling new models selling 29.2 percent slower and popular used cars selling 26 percent slower than last year.The Tesla Model Y is the fastest-selling used EV, taking an average of 47.6 days to sell.New and used electric cars now take twice as long to sell despite massive price drops over the past year.The Tesla Model S is the slowest-selling used vehicle, taking an average of 88.3 days to sell.The average used car sells in 49 days, which is 6.1 percent faster than a year ago, but new cars have slowed by 25.7 percent.
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