How long will it take you to sell your used car?

The latest iSeeCars.com analysis found that the fastest-selling newly cable car during the calendar month of August was the newly-released Hyundai Santa Cruz pickup. The fastest-selling secondhand car is the Tesla Model 3 for the third back-to-back calendar month, with the Tesla Model S and the Tesla Model X besides making a list that is evenly separate between alternative-fuel and conventional vehicles .
Analyzing over 900,000 fresh and use cars sold in August 2021, iSeeCars.com found that overall, the average raw cable car takes 26 days to sell and the average use cable car takes 34.6 days to sell. New cars are selling over a week faster than in July, where the average was 35 days, and use cars are selling slightly faster compared to 35.4 days compared to the lapp period death calendar month .
“ The chip dearth is showing no signs of slowing down as major automakers continue to halt production, leading to lower and sometimes scarce inventory levels, particularly for the most in-demand vehicles, ” said iSeeCars Executive Analyst Karl Brauer. “ It looks like car buyers who were initially waiting for prices to drop have embraced the reality that inventory shortages are here to stay, at least for the adjacent several months. ”

Fastest-Selling New Cars

iSeeCars identified the top 20 fastest-selling raw cars, which sell 2.4 to 3.3 times faster than the average raw vehicle and average 9.9 days on dealers ’ lots. SUVs comprise the majority of the lead 20 list, and loanblend vehicles account for four models.

The fastest-selling new vehicle is the Hyundai Santa Cruz pickup, which sells in eight days. ” The Hyundai Santa Cruz pack pickup hand truck just started arriving at dealerships in August, and its ask price was marked up because it is not even widely available, ” said Brauer. “ The aggressively-styled Santa Cruz truck is a niche vehicle that appeals to consumers who don ’ t need the wide routine of a traditional pickup but want the occasional cargo-hauling an open-bed offers beyond an SUV. ”
Four extra models from the Hyundai-Kia automotive group joined Santa Cruz to make the list, including the Hyundai Tucson Hybrid, the Kia Seltos, the Kia Telluride, and the Kia Carnival. “ The popularity of the recently released Hyundai Tucson Hybrid and the Kia Carnival shows the populace percept of Hyundai and Kia vehicles has evolved, from being budget-oriented to competing with more bounty mainstream cars and even luxury brands, ” said Brauer. “ demand for the Kia Telluride has outpaced provide since its 2019 launch, and it ’ second average newly car price of $ 45,001 exceeds its MSRP of $ 32,190 to $ 44,390. ”
The Chevrolet Corvette moved down a stead after being July ’ s fastest seller. “ demand for the mid-engine Chevrolet Corvette has exceeded provision since its establish for the 2020 model class, ” said Brauer. “ Dealers stopped taking orders for the 2021 model year in March, and demand remains so high the model systematically sells for over MSRP, with an average price of $ 89,788 compared to its MSRP range of $ 59,900- $ 78,850. ”
The Ford Bronco makes its debut on the list. “ demand for the new Bronco was so high Ford stopped taking reservations in recently August, ” said Brauer. “ Ford had over 190,000 reservations for the Bronco upon its debut, and the car manufacturer had to delay production due to issues with the vehicle ’ s hardtop supplier, which exacerbated the already long delay. ”
Two life-size luxury SUVs with average new car prices just below $ 100,000 make the list : the Mercedes-Benz GLS and the Cadillac Escalade. “ Mercedes-Benz recently cancelled product of V8 vehicles like the Mercedes-Benz GLS for the 2022 model class ascribable to the chip dearth, which increased demand for the 2021 model, ” said Brauer. “ The Escalade was redesigned for 2021 to make the bounty SUV flush more deluxe and technologically advance, helping it dominate the life-size SUV segment as it captures over half of the segment ’ sulfur grocery store plowshare. ”

An extra luxury SUV, the Land Rover Defender makes the list. “ Jaguar-Land Rover was hit hard by the chip deficit, causing the car manufacturer to halve its sales prognosis for the third base quarter, ” said Brauer. “ The Land Rover Defender is a high-demand exemplar that has drawn long waitlists for concern buyers. ”
Five Toyotas and one vehicle from its Lexus lavishness division make the number, with hybrid vehicles accounting for three models. The non-hybrid vehicles include two SUVs : the midsize 4Runner and the pack RAV4, deoxyadenosine monophosphate well as the Toyota Tacoma pickup hand truck. The hybrid vehicles include the Toyota Sienna minivan, the Lexus RX 450h midsize SUV, and the Toyota Corolla Hybrid compact sedan. “ Toyota, which already had one of the lowest inventories of any major car manufacturer, had to cut production in August due to the chip deficit, ” said Brauer. “ hybrid vehicles have surged in popularity and have grown in sales faster than electric vehicles, and consumers have embraced the hybrid versions of Toyota ’ s popular cars and SUVs. ”
Three Subarus make the list : the Crosstrek subcompact SUV, the Forester compact SUV, and the WRX flashy compress car. “ Subaru reported the shortest supply of new cars of any car manufacturer in August, ” said Brauer. “ The Crosstrek and Forester are two of Subaru ’ s most in-demand models, and the WRX saw a sales increase over 2020 amid its reduced supply. ”
Rounding out the list is the GMC Yukon life-size SUV. “ The GMC Yukon has been in high demand, and despite idling output of life-size pickups, GM maintained production of the Yukon by building it without chips and parking the incomplete models, ” said Brauer. “ The Yukon saw a 126 percentage increase in sales during the first half of 2021 compared to last year, and continues to be a hot seller. ”

Fastest-Selling Used Vehicles

iSeeCars besides analyzed the top 20 fastest-selling used vehicles. The average used car takes 34.6 days to sell, while the clear 20 fastest-selling vehicles average 24.7 days and sell 1.3 to 2.1 times faster than the average used vehicle. The number of fastest-selling used vehicles includes a desegregate of body styles and drivetrains, led by alternative-fuel vehicles .
The Tesla Model 3 is the fastest-selling use vehicle for the third consecutive month. “ The Tesla Model 3 has remained popular since its highly anticipated debut, thanks to its impressive engineering and performance at a relatively low-cost price compared to Tesla ’ s earlier vehicles, ” said Brauer. “ A new version of the Model 3 ’ second Standard Range Plus version is sold out for the remainder of 2021 to further add to the already-high demand for use versions, some of which are being sold at higher prices than fresh versions. ” Two extra Teslas make the number, the Model S and the Model X. “ Tesla continues to see record sales growth for its new vehicles, and need for exploited Tesla models is on the rise angstrom well. ”
Seven hybrid vehicles make the list : the Toyota Highlander Hybrid, the Toyota Prius, the Honda Insight, the Toyota RAV4 Hybrid, the Lexus RX 450h, the Toyota Prius Prime, and the Honda Clarity Plug-In Hybrid. “ Just like in the new car marketplace, Toyota hybrid vehicles are hot sellers due to their dependability and gain engineering, ” said Brauer. “ The Honda Clarity debuted in 2018, while the Honda Insight debuted in 2019, sol exploited versions are merely now becoming available and are in high-demand. ”
Five sports cars and performance cars make the tilt, including the BMW 4 Series, the Volkswagen Golf GTI, the Mazda MX-5 Miata, the BMW 2 Series, and the Mercedes-Benz C-Class. “ Sports and performance cars were democratic throughout the pandemic, and their popularity has continued as consumers have a heightened desire to make purchases that bring them joy, ” said Brauer .
Three small SUVs make the list including the compress Mitsubishi Outlander, the compact Mitsubishi Eclipse Cross, and the Fiat 500x. “ These little SUVs do not achieve favorable dependability ratings, but probable resonate with consumers because of their affordability, with the 500x and the Eclipse hybridization having the lowest average use car price of all used SUVs, ” said Brauer .
“ As demand continues to outpace add for newly cars, consumers should act quickly if they see their desire vehicle for sale, and buyers may have to be compromising on color and tailored options for in-demand models, ” said Brauer .

Fastest-Selling Cars By City 

iSeeCars analyzed the data geographically to find the fastest-selling new cars in the top 50 most populous metro areas .

Fastest-Selling New and Used Cars in August By City
City New Vehicle Days to Sell (Average) Used Vehicle Days to Sell (Average)
Albuquerque-Santa Fe, NM Nissan Sentra 13.8 Toyota Tundra 21.8
Atlanta, GA Ford Bronco 4.8 Tesla Model 3 11.9
Austin, TX Toyota 4Runner 4.1 Volkswagen Tiguan 13.4
Baltimore, MD Subaru Crosstrek 4.1 Acura MDX 19.9
Birmingham, AL Toyota 4Runner 4.8 Dodge Challenger 23.9
Boston, MA-Manchester, NH Lexus IS 350 4.4 Toyota Prius 14.7
Charlotte, NC Hyundai Palisade 8.9 Audi Q5 13.5
Chicago, IL Kia Telluride 4.7 Toyota Prius 18.0
Cincinnati, OH Toyota Sienna 4.8 Honda Civic 21.4
Cleveland-Akron (Canton), OH Subaru Forester 5.3 Subaru Crosstrek 14.9
Columbus, OH Kia Telluride 1.5 Lexus RX 350 20.2
Dallas-Ft. Worth, TX Toyota RAV4 3.9 Toyota Prius Prime 5.7
Denver, CO Kia Telluride 4.8 INFINITI Q50 15.4
Detroit, MI Jeep Wrangler Unlimited 5.9 Nissan Sentra 17.3
Fresno-Visalia, CA Ford F-150 7.0 Chevrolet Traverse 20.3
Grand Rapids-Kalamazoo, MI Chevrolet Trailblazer 6.6 GMC Acadia 14.6
Greensboro-Winston Salem, NC Kia Forte 6.0 Toyota Corolla 15.9
Greenville-Spartanburg, SC Honda Odyssey 5.9 Kia Sorento 20.2
Harrisburg-Lancaster-York, PA Subaru Crosstrek 5.9 Subaru Forester 26.8
Hartford & New Haven, CT Subaru Crosstrek 8.0 Mazda CX-5 20.8
Houston, TX Kia Telluride 4.2 Tesla Model 3 14.4
Indianapolis, IN Toyota RAV4 Hybrid 4.7 Toyota 4Runner 19.7
Jacksonville, FL Subaru Outback 6.9 Mazda Mazda6 19.9
Kansas City, MO Audi Q5 9.1 Mazda CX-5 13.5
Las Vegas, NV Toyota Tacoma 4.2 Volkswagen Passat 15.0
Los Angeles, CA Subaru Crosstrek 4.2 Toyota RAV4 Hybrid 15.3
Memphis, TN Hyundai Palisade 5.9 Toyota RAV4 21.4
Miami-Ft. Lauderdale, FL Honda Civic 4.6 Mitsubishi Outlander 13.8
Milwaukee, WI Jeep Wrangler Unlimited 6.5 Chevrolet Equinox 17.2
Minneapolis-St. Paul, MN Nissan Pathfinder 9.8 Volkswagen Jetta 14.5
Nashville, TN Toyota Tacoma 2.8 Kia Soul 15.0
New York, NY Land Rover Defender 6.0 Volkswagen Golf GTI 18.7
Norfolk-Portsmouth-Newport News,VA Subaru Forester 5.8 Volkswagen Tiguan 13.3
Oklahoma City, OK Dodge Charger 14.4 Chrysler Pacifica 16.0
Orlando-Daytona Beach, FL Toyota RAV4 3.9 Hyundai Veloster 16.0
Philadelphia, PA Subaru Crosstrek 5.1 Toyota Prius 15.9
Phoenix, AZ Ford Mustang Mach-E 4.4 Fiat 500x 13.4
Pittsburgh, PA Chevrolet Trailblazer 4.5 Hyundai Elantra 21.4
Portland, OR Subaru Crosstrek 4.8 Toyota Prius 18.4
Raleigh-Durham (Fayetteville), NC Subaru Outback 3.7 Bmw X3 18.0
Sacramento-Stockton-Modesto, CA Toyota Camry Hybrid 4.4 Volkswagen Tiguan 16.6
Salt Lake City, UT Hyundai Tucson Hybrid 5.2 Subaru Forester 21.5
San Antonio, TX Toyota Tacoma 3.4 Mazda CX-5 19.9
San Diego, CA Mazda CX-30 6.7 Lexus ES 350 9.7
San Francisco-Oakland-San Jose, CA Toyota Corolla Hybrid 7.0 Toyota Highlander Hybrid 12.4
Seattle-Tacoma, WA Subaru Forester 5.8 MINI Countryman 17.8
St. Louis, MO Jeep Grand Cherokee L 11.9 Chevrolet Malibu 21.3
Tampa-St Petersburg (Sarasota), FL Toyota Tacoma 5.1 Kia Sedona 16.6
Washington, DC (Hagerstown, MD) Subaru Crosstrek 4.9 Tesla Model 3 13.5
West Palm Beach-Ft. Pierce, FL Toyota RAV4 2.7 Honda Civic 14.3

The fastest-selling newly vehicle in the most cities is the Subaru Crosstrek in seven cities, and the fastest-selling used vehicle is the Toyota Prius in four .

More from iSeeCars.com:

Methodology

iSeeCars.com analyzed over 900,000 new and practice car sales ( model years 2016-2020 for use cars ) from August 2021. The number of days that each car was listed for sale on iSeeCars.com was aggregated at the exemplary charge, and the average days on market for each was mathematically modeled. heavy-duty vehicles, models no longer in production anterior to the 2021 model class, and low-volume models were excluded from further analysis.

About iSeeCars.com

iSeeCars.com is a car search engine that helps shoppers find the best car deals by providing key insights and valuable resources, like the iSeeCars free VIN discipline reports. iSeeCars.com has saved users over $ 309 million so far by applying big data analytics powered by over 25 billion ( and growing ) datum points and using proprietary algorithm to objectively analyze, score and rank millions of new cars and use cars .
This article, the Fastest-Selling New and Used Cars in August , originally appeared on iSeeCars.com. 

source : https://www.peterswar.net
Category : Finance

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