A study has shed light on how quickly vehicles are currently selling in the midst of the Covid-19 pandemic. Unsurprisingly, the list is dominated by SUVs.
By analyzing over 4.4 million new and used cars sold from March through June 2020, iSeeCars found that on average, it takes a new car 96.9 days to sell compared to 57.8 days during the pre-Covid time period from November 2019 through to February 2020.
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The fastest-selling new vehicle recorded was the Chevrolet Trailblazer that was recently updated for the 2021 model year and takes an average of 19 days to sell. Following the Trailblazer were two Kia models, namely the Telluride and Seltos, taking an average of 25.7 days and 31.3 days respectively to sell.
The fourth-fastest selling SUV was the Honda CR-V Hybrid, taking an average of 35.2 days to sell. The study notes that Honda reported lean inventory levels because most of its vehicles sold in the U.S. are made in North America and were affected by plant shutdowns earlier in the year.
In fifth and sixth were the Hyundai Palisade (39 days) and Mercedes-Benz GLB (40.5 days). The Chevrolet Bolt EV is the only non-SUV on the list and was the seventh fastest-selling new vehicle over the period with an average sales time of 41.7 days. Ranked in eighth is the Toyota RAV4 Hybrid (42.5 days) followed by the Subaru Crosstrek (44.7 days), Lexus GX 460 (46.1 days), Buick Encore GX (46.6 days), and the Subaru Forester (47.3 days).
“Many of these fastest-selling vehicles are popular cars that are hard to find for reasons such as the effect of the pandemic on supply chains, they were produced in limited quantities, or that they are new models that aren’t yet abundant in the used car marketplace,” iSeeCars chief executive Phong Ly noted in the findings.
