The American Car No One Wants

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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The American Car No One Wants

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Demand for automobiles in the United States has been at a fever level for three years. Prices have risen as pandemic-driven parts shortages slowed production lines. Dealers were able to charge above the manufacturer’s suggested retail price for models consumers had trouble finding. Recently, as car production has risen to normal levels, supply has jumped. Although some cars are in short supply, a few models still sit on dealer lots for months. (These are the best-selling cars in America.)
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One measure of car supply and demand is “days on market,” sometimes called “days to turn.” This is how long a dealer holds a car from delivery from the manufacturer to delivery to a customer.
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According to iSeeCars, the average days on market was 48.2 in July, because of improved supply, which compares to 38.4 in July 2022 when there were still shortages.

A few cars are on the market for about 10 days. These are all sport utility vehicles or crossovers. The Toyota Grand Highlander Hybrid has days on market of 9.2. The extremely expensive Land Rover Range Rover has a number of 10.4. Its average price is $149,241. The average days on market of the Toyota Grand Highlander is 10.7.
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Some models linger on lots for over 90 days. The model with the highest days on market is the Jeep Cherokee. Its figure is 128.7 days. With an average price of $39,238, the Cherokee is one of Jeep’s mid-priced models. The more expensive Grand Wagoneer has a base price of $91,140, and the Compass is $28,400.
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These are the car models with the longest days on market:

  • Jeep Cherokee (128.7)
  • Land Rover Discovery Sport (119.4)
  • Buick Envision (117.0)
  • Ford Mustang (108.6)
  • Mazda MX-5 Miata (107.3)
  • Lincoln Aviator (105.1)
  • Nissan LEAF (95.2)
  • Ford Edge (93.6)
  • Nissan Murano (88.7)
  • Infiniti QX80 (87.2)
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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