Study Shows That Despite High Prices, New And Used Cars Are Selling Fast

Study Shows That Despite High Prices, New And Used Cars Are Selling Fast



A number of factors, from greedy dealer markups to super-low inventory numbers to increased demand, have sent automotive prices into the stratosphere. Despite those high prices and a used-car price increase of 10.5 percent on average, buyers are still snatching up vehicles left and right. You might be surprised by some of the top selling choices in June.

This new report comes from iseecars.com and highlights top sellers in both the new and used car market. As gas prices continue to soar it will come as no surprise that electric vehicles and fuel-efficient internal combustion vehicles are taking the lead on each of these lists.

At the top of the list for new vehicles is the Subaru Crosstrek, which took an average of just 12.9 days to sell from the day it landed on the dealer lot. Second place went to the Honda Civic which took more than a full day longer at 14.1 days. Third place ended in a tie between the Subaru Forester and the Honda CR-V, which both took 14.7 days.

Read More: The EV Sales Race For Second Place Is Heating Up In America With Hyundai And Ford As Front Runners

Top 20 Fastest-Selling New Vehicles In June 2022 – iSeeCars Study
Rank vehicle Average Days To Sell Average Price
1 subaru cross trek 12.9 $30,299
two Honda Civic 14.1 $26,480
3 Subaru Forester 14.7 $34,319
4 Honda CR-V 17.7 $34,698
5 subaru impreza 18.5 $24,881
6 KIA Telluride 18.6 $46,447
7 Kia Forte 18.6 $23,084
8 BMW X3 19.4 $52,079
9 ford bronco 21.5 $57,579
10 hyundai tucson hybrid 22.3 $36,371
eleven subaru outback 22.9 $37,942
12 Kia Sportsage 22.9 $33,967
13 Toyota RAV4 Hybrid 23.7 $36,767
14 nissan kicks 23.7 $24,277
fifteen Jeep Wrangler Unlimited 24.1 $55,043
16 Chevrolet Trailblazer 24.1 $27,523
17 Mercedes-Benz GLE 24.7 $75,240
18 toyota camry 25.9 $30,998
19 Jeep Wrangler Unlimited (Hybrid) 25.9 $62,731
twenty toyota highlander 26.4 $46,332
Average For All New Vehicles 37.2 $42,706

Six of the top 10 vehicles are SUVs while just three, the Subaru Impreza, Honda Civic, and the Kia Forte, are sedans. According to the study, the average cost of a new vehicle in June was $42,706. Interestingly, the average price of a used vehicle sold in the same month was less than $10,000 cheaper, at $34,629.

Leading that list is the Tesla Model Y, which spent an average of just 24.9 days on dealer lots before someone snatched it up. The Toyota Prius Prime took second place with a total time on the lot of 25.1 days. Third place was rounded out by another EV, the Ford Mustang Mach-E, with an average of 26.8 days.

Seven of the top 10 are either fully electric or electrified hybrids. In fact, Tesla claims three of the top six spots with only the pricey Model S missing out on the top 20. It’s just one more sign that the transition to electric vehicles is well underway.

Top 20 Fastest-Selling Used Vehicles in June 2022 – iSeeCars Study
Rank vehicle Average Days to Sell Average Price
1 Tesla Model Y 24.9 $69,784
two Toyota Prius Prime 25.1 $31,867
3 Ford Mustang Mach-E 26.8 $60,881
4 Toyota Prius 27.0 $28,029
5 Tesla Model 3 27.7 $52,216
6 Tesla Model X 28.0 $90,089
7 Mazda MAZDA3 Sedan 28.8 $24,890
8 Kia K5 29.9 $31,357
9 Toyota Highlander Hybrid 32.3 $45,521
10 Acura IILX 32.6 $26,182
eleven Honda Civic 32.8 $25,369
12 Chevrolet Camaro 32.9 $34,345
13 Ford F-150Hybrid 33.0 $67,274
14 Honda Civic Hybrid 33.0 $31,122
fifteen Audi A4 33.1 $31,773
16 Subaru WRX 33.9 $33,102
17 Land Rover Range Rover Velar 34.0 $55,042
18 Toyota RAV4 Hybrid 35.0 $38,051
19 Audi Q3 35.6 $32,942
twenty chevrolet spark 36.1 $16,743
Average for All Used Vehicles 52.1 $34,629

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