The Fastest-Selling New and Used Cars in Today’s Market

This week we turn again to one of our favorite research sources iSeeCars.com for a look at the new and used vehicles selling the fastest in today's market. One of the brand's seeing the most new-model demand is Subaru.  In June, Subaru held three of the top five-best selling new vehicle spots, with the Subaru Crosstrek coming in at number one.  Other June takeaways, fuel-efficient small SUVs and cars were among the fastest-selling new cars and alternative and fuel-efficient vehicles dominated the fastest-selling used car list. However, both new and used cars took longer to sell in June versus May.

June 2022 

iSeeCars analyzed 224,000 new and used cars sold in June 2022. Overall, the average new car took 37.2 days to sell in June, and the average used car, 52.1 days.  Both are longer selling times than in May when new cars took 33.1 days to sell and used cars took 50.4 days. 

Prices are up as well. iSeeCars reports that used car prices were up10.5 percent in June over last year. They were also up lightly over last month with the average used car price in June costing $34,154 compared to $34,119 in May. iSeeCars attributes this to the continuing inventory shortages as well as rising interest rates and high gas prices that are increasing demand for more affordable and fuel efficient vehicles.

Fastest-Selling New Cars

The 20 fastest-selling new cars sell 1.4 to 2.9 times faster than the average new vehicle and average 21.0 days on dealers’ lots. 

Fastest-Selling Used Vehicles

Now for June's 20 fastest-selling used vehicles. The average used car takes 52.1 days to sell, while the top 20 fastest-selling vehicles average 31.7 days and sell 1.4 to 2 times faster than the average used vehicle.  

For more iSeeCars data and analysis visit the iSeeCars website here.