With the chip crisis and the continuing coronavirus pandemic, some dealership lots have begun to resemble ghost towns.
Even if you’re lucky enough to find a dealership with vehicles in stock, you’re not necessarily out of the woods as the dreaded ‘market adjustment’ has become far too common.
However, if you’re flexible, you can still find a good deal on a new car. iSeeCars’ latest study helps to point you in the right direction as it takes a look at the slowest-selling new cars in November.
Also Read: Financial Experts Warn That Used Car Price Bubble Could Pop With Big Consequences In 2022
While the average new car took 42.8 days to sell last month, dealers can’t get rid of the Kia Rio as it remains on their lot for an average of 219 days – more than half a year! Given that, it’s not surprising to learn there are quite a few available at an average price of $16,557.
If you’d rather have a crossover, you can check out the Mitsubishi Outlander Sport which takes an average of 207.6 days to sell at an average price of $25,403. The Mitsubishi Eclipse Cross is also another viable option, but it’s a bit more popular and expensive as it only takes 132.1 days to sell at an average of $27,890.
The third slowest-selling car of November was the Acura TLX, which is a bit surprising as the model is pretty good and was recently redesigned. However, consumers haven’t seemed to notice as the sedan takes an average of 196.2 days to sell for $46,499.
If you prefer something more exotic, the Alfa Romeo Giulia is the fifth slowest-selling new car as it’s a fixture on dealer lots for an average of 138 days. However, it’s slightly cheaper than the Acura with an average price of $46,236.
Other models that made the list were the Nissan Murano, Mercedes C-Class, Infiniti Q50, Nissan Titan and Chevrolet Bolt. Needless to say, most of them aren’t terribly desirable as the Rio is expected to be axed and the Infiniti Q50 is nearly a decade old. Likewise, a redesigned C-Class will arrive in America shortly while the Chevrolet Bolt’s reputation has gone up in flames.
Used car prices have skyrocketed and there doesn’t appear to be many bargains among the slowest-selling models. Quite the opposite as iSeeCars noted the second slowest-selling used car, the Subaru BRZ, had an average price of $28,326 and that’s more than the redesigned 2022 model which begins at $27,995.
That isn’t the only questionable value as the fourth slowest-selling used car is the Mitsubishi Mirage G4 with an average price of $13,807. That’s not much cheaper than the 2022 model, which starts at $15,645.