Car sales collapsed at the start of the COVID-19 pandemic and remained depressed through most of last year. Among the causes were financial uncertainty and the inability of people to go to dealerships. The situation improved late last year, as American car sales began to normalize. The sales of some models, in particular, rose above their levels of a year ago. Additionally, car sales in general also got a boost because of historically low-interest rates, held down by the Federal Reserve, which allowed manufacturers to offer attractive car loan terms.
Car manufacturers ship vehicles to their dealers based on supply and on what the dealers believe they can sell by model. At the manufacturer’s end, factory output is an issue. At the dealer end, it is an educated guess about what the people in a market want.
Based on this manufacturer/dealer balance, the number of days a car typically sits on the dealer lot averaged 47.4 days last month. Several cars are on lots for a much shorter time, due to either manufacturer factory limitations or huge consumer demand at the dealer level.
The car most in-demand in the United States last month, which makes it the fastest-selling car in America, is the Chevy Corvette, the flagship vehicle of the largest division of GM, as well as the only two-seat sports car that has been made continuously for over six decades (since 1953). The Corvette’s days-to-sell figure is 9.4, according to iSeeCars.
iSeeCars Executive Analyst Karl Brauer commented: “The fastest-selling new vehicle is the Chevrolet Corvette, which takes on average 9.4 days to sell, nearly four days faster than its February selling time. The new mid-engine Corvette is the fastest-selling new car for the third consecutive month.”
The 20 Fastest-Selling Cars in America
| Vehicle | Average Days to Sell |
|---|---|
| Chevrolet Corvette | 9.40 |
| Toyota RAV4 Prime | 10.2 |
| Kia Telluride | 14.1 |
| GMC Yukon XL | 14.3 |
| Cadillac Escalade ESV | 15.2 |
| Cadillac Escalade | 15.6 |
| Hyundai Elantra (Hybrid) | 16.1 |
| Toyota Tacoma | 16.3 |
| GMC Yukon | 17.5 |
| Lexus IS 350 | 17.5 |
| Land Rover Range Rover Velar | 17.7 |
| BMW X7 | 18.8 |
| Mercedes-Benz GLS | 19.3 |
| Chevrolet Tahoe | 21.5 |
| Ford F-150 (Hybrid) | 21.8 |
| Toyota Tundra | 22.0 |
| Toyota RAV4 Hybrid | 22.0 |
| Toyota Sienna | 22.6 |
| Lexus RX 450h | 22.9 |
| Toyota 4Runner | 23.3 |
Click here to see the slowest-selling new car in America.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
