Popular cars have the ability to sell as fast as hotcakes, but in a changing automotive landscape, certain cars move while others become an eyesore on the dealership lot.
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Data from a study by iSeeCars looked at how long various models of new and used cars hung around and took up space on dealership lots, and one segment in particular makes for hot sellers for dealers.
According to their data, BMW’s (BMWYY) – Get Free Report X6 crossover SUV model is the fastest-selling new car at dealerships, spending an average of 10 days from the moment they are listed for sale and sold, compared to the 44.4 day average across all new cars.
Seven out of the top 10 fastest-selling new cars are hybrids, including the Lexus NX350h at No. 10 and the Ford Escape Hybrid at No. 9, which both take an average of 21.9 days to sell.
A 2022 Ford Maverick pickup truck on display at AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Thursday, Nov. 18, 2021.
The Toyota (TOYOF) – Get Free Report Camry Hybrid sits at No. 7, with an average of 21.4 days to sell, the Lexus RX350h at No. 6, taking 19.8 days, Toyota’s Grand Highlander Hybrid at No. 5, taking 17.9 days, the Kia Sportage Hybrid at No. 4 with 15.5 days and finally, the hybrid model of the Ford (F) – Get Free Report Maverick pickup truck at No. 3 – taking just 14.3 days to get off the lot.
While EVs fail to make onto the list, they are a prominent highlight of iSeeCars’ lists of the slowest-selling new and used cars.
Topping the list of the slowest-selling new cars is the Mercedes-Benz (DDAIF) – Get Free Report EQS Sedan. This large, $104,400 EV flagship sedan takes a whopping 119.6 days, or nearly four months to sell.
On the used front, some EVs do not fare much better, as three out of the 10 spots on the slowest-selling list belong to EVs. Notably, the No. 2 spot belongs to Kia’s EV6 electric crossover, which takes an average of 95.9 days to sell, compared to the average 49.2 days across the used market.
A 2023 Ford F-150 Lightning EV is offered for sale at Golf Mill Ford on July 18, 2023 in Niles, Illinois.
Other highlights include Ford’s F-150 Lightning electric pickup, where at No. 8, takes an average of 78.4 days to move, and the No. 10 spot, the Polestar 2 compact electric sedan, which takes 73.4 days to move.
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Alternatively, hybrids also populate three spots on the fastest-selling used cars, including the top spot, which belongs to the hybrid version of BMW’s X5 SUV – taking an average of 26.8 days to sell. Right below it in second is the Toyota Highlander Hybrid, which takes 29 days to sell and the Hyundai Elantra in sixth, which takes 31.8 days to move.
Only one electric vehicle makes it onto the fastest-selling used cars: the Rivian (RIVN) – Get Free Report R1T electric pickup truck, which takes the 10th spot at 35.5 days to sell.
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