As we reported earlier this month, May was a good sales month for many automakers who report monthly, even despite low inventories brought on by the microchip shortage. Now we can see which vehicles were selling the fastest thanks to the latest iSeeCars analysis.
The Corvette was not the fastest-selling vehicle for the first time in four months. Instead that spot went to the Mercedes Benz G-Class, moving the Corvette to second place. iSeeCars researchers say they found that newly released models, alternative fuel vehicles, and full-size SUVs were the most prevalent vehicles on the fastest-selling new car list. When it comes to used cars, the Miata roadster reigned supreme.
The iSeeCars.com analysis involved over 1.3 million new and used cars sold in May. Another big takeaway is that both new and used vehicles sold slightly faster in May than in April. In May, researchers found the average new car sold in 47.1 days and the average used car sold in 34.8 days. In April, when the average new car took 48.3 days to sell and the average used car took 37.4 days.
Of note, here are the fastest-selling new vehicles in some of the CarProUSA radio markets:
Here's a look at the iSeeCars list of the 20 fastest-selling new cars - which is made up heavily of SUVs. Researchers say they sell 2.8 to 5 times faster than the average new vehicle and spend an average of 13.7 days on dealers’ lots. For the full iSeeCars report click here.
Top 20 Fastest-Selling New Vehicles in May 2021 - iSeeCars Study |
|||
Rank |
Vehicle |
Average Days to Sell |
Average Price |
1 |
Mercedes-Benz G-Class |
9.4 |
$174,887 |
2 |
Chevrolet Corvette |
9.5 |
$85,359 |
3 |
Cadillac Escalade |
10.8 |
$101,836 |
4 |
Hyundai Tucson Hybrid |
11.1 |
$34,076 |
5 |
Kia Telluride |
11.6 |
$44,066 |
6 |
Toyota RAV4 Prime |
11.9 |
$43,755 |
7 |
Toyota Tacoma |
12.2 |
$38,014 |
8 |
Lexus IS 350 |
12.7 |
$48,611 |
9 |
Cadillac Escalade ESV |
13.5 |
$103,117 |
10 |
Toyota 4Runner |
13.7 |
$46,218 |
11 |
Toyota RAV4 Hybrid |
14.0 |
$35,588 |
12 |
Kia Carnival |
14.3 |
$42,117 |
13 |
Chevrolet Tahoe |
15.0 |
$66,024 |
14 |
Chevrolet Suburban |
15.3 |
$70,008 |
15 |
Toyota Tundra |
15.6 |
$49,253 |
16 |
Jeep Wrangler 4xe |
15.9 |
$58,094 |
17 |
Hyundai Santa Fe Hybrid |
16.0 |
$38,159 |
18 |
Volkswagen ID.4 |
16.2 |
$45,103 |
19 |
GMC Yukon |
16.4 |
$76,984 |
20 |
GMC Canyon |
17.1 |
$39,260 |
Average for All New Vehicles |
47.1 |
$38,006 |
iSeeCars also took a look at the top 20 fastest-selling used vehicles. It says the average used vehicle takes 39.4 days to sell, while the top 20 fastest-selling vehicles average 25.5 days and sell 1.2 to 1.8 times faster than the average used vehicle.
Top 20 Fastest-Selling Used Vehicles in April 2021- iSeeCars Study |
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Rank |
Vehicle |
Average Days to Sell |
Average Price |
1 |
Mazda MX-5 Miata |
19.5 |
$25,009 |
2 |
Tesla Model 3 |
20.2 |
$44,779 |
3 |
Chevrolet Corvette |
21.8 |
$74,773 |
4 |
Kia Telluride |
22.2 |
$42,936 |
5 |
Honda Insight |
22.7 |
$23,041 |
6 |
Toyota Highlander Hybrid |
24.4 |
$38,070 |
7 |
Hyundai Palisade |
24.6 |
$43,252 |
8 |
Honda Civic |
24.8 |
$20,271 |
9 |
Mitsubishi Eclipse Cross |
25.6 |
$17,647 |
10 |
Honda Odyssey |
25.9 |
$30,651 |
11 |
MINI Convertible |
26.2 |
$26,625 |
12 |
Mitsubishi Outlander |
26.3 |
$19,595 |
13 |
Chevrolet Camaro |
26.5 |
$33,525 |
14 |
Kia Stinger |
26.6 |
$33,892 |
15 |
Porsche 718 Cayman |
27.0 |
$67,330 |
16 |
Toyota 4Runner |
27.3 |
$40,036 |
17 |
Subaru WRX |
27.5 |
$29,424 |
18 |
Porsche 911 |
27.9 |
$146,140 |
19 |
Honda Clarity Plug-In Hybrid |
28.0 |
$22,430 |
20 |
Lexus UX 250h |
28.2 |
$33,448 |
Average for All Used Vehicles |
34.8 |
$29,540 |