August 14, 2020
Certain cars tend to appear on the road more often than others, whether it's because they tend to be more available, they're more affordable, or they're considered especially popular, reliable or fashionable.
Car search engine ISeeCars.com recently completed an analysis of more than 4.4 million new and used cars sold between March and June 2020, tracking demand for various makes and models based on the duration of time it takes for them to leave the lot.
One notable trend is that demand has cooled significantly during the coronavirus pandemic, which makes sense considering people are largely stuck at home and millions of people are out of work.
New cars took an average of 96.9 days to sell during the March to June period. A previous analysis of 4.8 million car sales from Nov. 2019 through Feb. 2020 found it took an average of 57.8 days for a new car to sell. In the used car market, an average of 68.9 days passed for a vehicle to sell from March to June, compared to 50.1 days during the pre-COVID analysis.
The study broke down sales by various markets to determine the most popular new and used cars in each metropolitan area.
"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 CEO Phong Ly said.
Below is a look at the top five fastest-selling new and used cars in Philadelphia.
|Rank||New Car||Days on Market (Avg.)||Used Car||Days on Market (Avg.)|
|1||Chevrolet Trailblazer||17.3||Kia Niro||42.7|
|2||Kia Telluride||28.9||Kia Rio||44.8|
|3||Audi A5 Sportback||34.9||BMW 4 Series||45.0|
|4||Mercedes-Benz GLB||37.6||Subaru WRX||46.7|
|5||Kia Seltos||37.6||Jaguar F-PACe||46.8|
Both of the top cars tend to fall within a range that's generally considered pretty affordable, both for new and used cars. A new, 2021 Chevy Trailblazer usually ranges between $20,000-$25,000, while a used Kia Niro model from the past few years can range from $16,000-$22,000.
The full study offers a further breakdown of new and used car sales by brand and car type. Here's a look at the overall fastest-selling new and used cars across all markets.
Here are the 12 fastest-selling new vehicles:
|Rank||Vehicle||Days to Sell (Avg.)|
|4||Honda CR-V Hybrid||35.2|
|7||Chevrolet Bolt EV||41.7|
|8||Toyota RAV4 Hybrid||42.5|
|10||Lexus GX 460||46.1|
|11||Buick Encore GX||46.6|
Here are the 10 fastest-selling used vehicles:
|Rank||Vehicle||Days to Sell (Avg.)||Average Price|
|1||Tesla Model 3||29.3||$44,072|
|6||Tesla Model X||47.6||$68,380|
|9||Toyota Corolla Hatchback||50.2||$18,602|
|10||Tesla Model 5||50.7||$53,776|