Those Slow Selling Cars Could Be Discounted
(ISeeCars) – It took 42.8 days for an average new vehicle to sell in November and 51.5 days for an average used vehicle, according to a recent study by the automotive search engine iSeeCars.com. Even in today’s market with inventory constraints due to the continuing shortage of microchips, some new and used cars have remained on dealership lots for an extended period of time. While the typical car buyer probably doesn’t know the average time to sell a vehicle, knowing this important information could help you save money when buying a new or used car.
How does understanding the selling time of a vehicle lead to potential savings? This is because cars that take longer to sell can provide buyers with valuable bargaining opportunities. The dealers will probably want to get rid of these cars even if it means lowering the price. These slow sales indicate that the supply of these vehicles is greater than the demand, which could be because the car is priced too high or not as desirable as its competitors.
The least-sold new cars
These are the 10 slowest new cars for sale, which include a mix of vehicle types.
|The best-selling new cars – iSeeCars.com – iSeeCars|
|Rank||Vehicle||Average days to sell||Average price|
|1||Kia Rio||219.0||$ 16,557|
|2||Mitsubishi Outlander Sport||207.6||$ 25,403|
|3||Acura TLX||196.2||$ 46,499|
|4||Nissan murano||167.7||$ 39,332|
|5||Alfa Romeo Giulia||138.0||$ 46,236|
|6||Mitsubishi eclipse cross||132.1||$ 27,890|
|seven||Mercedes-Benz C-Class||127.1||$ 48,173|
|8||Infiniti q50||123.3||$ 49,820|
|9||Nissan titan||116.3||$ 55,903|
|ten||Chevrolet Bolt EV||109.0||$ 35,359|
The least-selling new car is the Kia Rio subcompact car, which appeals to budget consumers with an average new car price of $ 16,557. It is joined by two small SUVs that are among the most affordable in their class: the Mitsubishi Outlander Sport subcompact SUV and the Mitsubishi Eclipse Cross compact SUV.
Four luxury sedans are on the list, including the mid-size Acura TLX, mid-size Alfa Romeo Giulia, the compact Mercedes-Benz C-Class and the compact INFINITI Q50. The low demand for these cars reflects consumer preference for SUVs.
Two Nissan’s make the list: the Nissan Murano mid-size SUV and the Nissan Titan full-size pickup truck. Both are among the less bulky sellers in their respective segments.
The Chevrolet Bolt EV completes the list. Although it is one of the best electric cars on the market, the Bolt has probably lost its popularity thanks to many new entrants in the electric car market.
|The least-sold used cars – iSeeCars|
|Rank||Vehicle||Average days to sell||Average price|
|1||BMW M3||103.6||$ 61,006|
|2||Subaru BRZ||90.4||$ 28,326|
|3||Honda passport||87.2||$ 36,460|
|4||Mitsubishi Mirage G4||83.0||$ 13,807|
|5||Volvo XC60||78.6||$ 36,758|
|6||Land Rover Range Rover||78.0||$ 77,708|
|seven||Audi Q5||76.4||$ 33,208|
|8||Bmw x5||73.0||$ 44,728|
|9||Audi SQ5||69.4||$ 45,729|
|ten||Mercedes-Benz CLS||68.9||$ 60,005|
Luxury cars dominate the list, including the top-ranked BMW M3, which is the performance variant of the 3-Series compact sedan. It is joined by an additional luxury sedan, the full-size Mercedes-Benz CLS, and five SUVs, including the Volvo XC60 compact SUV, the full-size Land Rover Range Rover SUV, the Audi Q5 compact SUV and its performance variant the Audi SQ5, and the BMW X5 mid-size SUV.
The popular Subaru BRZ sports car ranks second and is among the best sports cars on the market. The BRZ is likely a slow seller as its average used car price of $ 28,326 exceeds its starting MSRP of $ 27,995, making buyers more likely to want the new, redesigned 2022 version.
The Honda Passport midsize SUV ranks third. The Passport debuted in 2019 and struggled to keep up with the competition in its segment despite its critical acclaim.
The Mitsubishi Mirage G4 subcompact sedan completes the list in fourth position. Similar to the BRZ, the Mirage G4’s used car price is close to its starting new car price. Interested buyers looking for affordable transportation are unlikely to want to pay the inflated price for their used car.
When buying a new or used car, it’s not only important to understand how much time a vehicle spends on dealership lots, but also to understand why it is selling slowly. While these slower selling cars may be leverage for a good deal, consumers should do their research to understand why there is not a high demand for these cars. This will ensure that the problem is one they can ignore before they leave the dealership’s lot. ISeeCars Free VIN Check includes over 200 data points to provide car buyers with the information needed to make an informed car purchase, including how long a car has been on the market compared to its time in market. average sale.
iSeeCars.com is a car search engine that helps buyers find the best car deals by providing key information and valuable resources, like free iSeeCars VIN check reports and top car ratings. iSeeCars.com has saved users over $ 319 million so far by applying big data analytics powered by over 25 billion (and growing) data points and using proprietary algorithms to analyze , rate and objectively classify millions of new and used cars.
This article, How To Get A Deal On Slow Selling Cars, originally appeared on iSeeCars.com.