With the spread of the new crown virus epidemic, Americans are tightening their belts and second-hand cars are fast becoming more popular than new cars,media reported. But the fastest-selling car is a bit of a surprise. The Tesla Model 3 was the car that took the smallest amount of time to sell after it went on sale in more than 9 million deals between March and June 2015,2019, according to a study released Tuesday by iSeeCars.
It is reported that the average waiting time for a used car to sell is 69 days, while the average person who buys the Model 3 only took 29 days.
Tesla also has two cars on the list. They are Model X and Model S, ranked sixth and tenth, respectively, with an average sales time of 47 and 50.7 days. The Model X and Model S are particularly popular used car purchases because of OTAs, and more other automakers are now rolling out the feature, the study said. As more and more people flock to the smaller Model 3, the price of model S has recently dropped a bit.
The second-largest BMW X6 (43 days on average), the third-ranked Subaru BRZ (44.5 days on average) and the eighth-ranked Honda Accord (50 days on average).
There are some surprising cars in new cars. Like the 2021 Chevrolet Trailblazer, it’s the fastest-selling new car. It only takes 19 days to sell on average, while a new car costs 97 days. This may be because Trailblazer arrived at dealers only when the outbreak began to spread, so supply is scarce, the study said. In addition, the outbreak also affected Trailblazer’s production in South Korea.
Trailblazer’s twin Buick Encore GX also came in at 11th place, with an average sales time of 47 days. The car is attractive to buyers, perhaps because of the considerable differencebetween between the two similar cars. GM also has a car, the Chevrolet Bolt EV, that averages 42 days of sales.
Kia is second and third on the list. Kia Telluride is still a big hit, with an average sales time of 26 days, while the new Seltos is only 31 days. Telluride’s cousin, Modern Palisade, came in fifth with an average sales time of 39 days.
Automakers remain optimistic that car sales will continue to rebound against the backdrop of the new crown pandemic, although overall annual sales will be well below initial estimates. A recent study by IHS Markit found that while new crossovers and SUVs have hit dealers, overall Americans are driving more used cars than they have been in the past 20 years. New car prices and longer financing terms could lead to aging U.S. active vehicles.