This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive
compensation for actions taken through them.
The U.S. car industry is in a bind. Demand for cars has soared, in part because of pent-up demand from when dealers were closed due to the COVID-19 pandemic, and also because of the rising wealth of people who have increased home equity and assets that have risen in value because of the stock markets. Also, cars people are driving now are just becoming old. Research firm IHS Markit claims the average American car has been on the road for over 12 years.
In a very good year, manufacturers sell over 17 million cars in the United States. In 2021, the number will not even be close.
What is the problem? Lack of supply. There is a tremendous shortage of semiconductors for use in car electronic systems. This has caused automakers to shutter assembly lines. Some publicly traded car companies have had their financial results undermined.
One of the ways the car industry gauges demand is what is known as “days on dealer lot.” Historically, the number is usually between 50 and 60 days. According to iSeeCars, the days on the lot figure dropped to 24.6 days in October. Some dealers have even started to sell car models that are scarce at more than the manufacturer’s suggested retail price.
A few cars take much longer to sell than the national average days on dealer lot. Another iSeeCars piece of research showed that it took 165 days to sell an Acura TLX, the highest figure for any car in October. Nineteen other cars had figures above 60 days.
An iSeeCars report on the slowest-selling cars by state is also based on days on dealer lot. To get the figures, its experts looked at 250,000 new and used cars sold in October. The slowest-selling car in four states was the Nissan Altima. In New Hampshire, the figure for the Altima was 256 days.
Here are the slowest-selling cars in each state:
State | Vehicle | Average Days to Sell |
---|---|---|
Alabama | Nissan Murano | 111.9 |
Arizona | Genesis G80 | 89.7 |
Arkansas | Ram Pickup 1500 Classic | 67.9 |
California | Infiniti Q50 | 130.8 |
Colorado | Honda Pilot | 119.0 |
Connecticut | Hyundai Kona Ev | 129.6 |
Florida | Mitsubishi Outlander Sport | 137.7 |
Georgia | Nissan Altima | 153.0 |
Hawaii | Dodge Charger | 66.4 |
Idaho | Ram Pickup 1500 | 62.0 |
Illinois | Dodge Charger | 220.9 |
Indiana | Hyundai Santa Fe | 62.6 |
Iowa | Jeep Cherokee | 57.6 |
Kansas | Honda Pilot | 60.7 |
Kentucky | Chrysler Pacifica | 68.9 |
Louisiana | Volvo XC90 | 58.6 |
Maryland | Nissan Altima | 189.7 |
Massachusetts | Subaru Ascent | 95.1 |
Michigan | Cadillac XT6 | 123.0 |
Minnesota | Ford Ranger | 127.8 |
Mississippi | Hyundai Sonata | 115.0 |
Missouri | Nissan Versa | 83.8 |
Montana | Honda Passport | 44.0 |
Nebraska | Hyundai Ioniq Hybrid | 68.8 |
Nevada | Mazda CX-5 | 82.6 |
New Hampshire | Nissan Altima | 256.4 |
New Jersey | Acura TLX | 170.5 |
New York | Infiniti Q50 | 112.1 |
North Carolina | Acura TLX | 140.0 |
Ohio | Ford Ecosport | 104.9 |
Oklahoma | Nissan Altima | 189.0 |
Oregon | Hyundai Sonata | 79.3 |
South Carolina | Ram Ram Pickup 1500 | 84.1 |
Tennessee | Ram Ram Pickup 1500 Classic | 135.5 |
Texas | Alfa Romeo Giulia | 151.5 |
Utah | Ford Bronco Sport | 68.2 |
Virginia | Maserati Ghibli | 160.4 |
Washington | Volkswagen Atlas Cross Sport | 110.2 |
West Virginia | Nissan Sentra | 76.7 |
Wisconsin | Hyundai Ioniq Hybrid | 117.7 |
Click here to read about the slowest-selling 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.