The Slowest Selling New Car

By Douglas A. McIntyre Published Mar 14, 7:00AM EDT

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The Slowest Selling New Car — © shaunl / Getty Images

Last year, car sales in the United States were battered from March well into the late fall because of the COVID-19 pandemic. People stayed away from dealerships, because of both the disease and the financial uncertainty and unsettled job market. Toward the end of 2020, sales started to return to “normal,” particularly for some brands and models.

Demand for cars by brand and model varies widely. Manufacturers and dealers constantly work to balance inventory.

One primary measure of inventory is the average number of days it takes to sell an individual car once it reaches the dealer. Usually, this is 40 to 50 days. This means dealers have enough cars in inventory to meet customer demand, but not so may as to strain their physical facilities and raise their expenses.

The auto industry is headed toward a major inventory problem. Chips used to make many vehicles are in short supply. The problem is so acute some car companies expect their earnings to be undermined. Car & Driver recently reported:

The first signs of a semiconductor shortage appeared late last year, and now, a month and a half into 2021, the scope of the impacts is coming into view. Plants across North America are seeing production schedules adjusted to properly allocate the limited number of microchips—which are made up of semiconductors—reaching automotive assembly plants.

However, this is an unusual cause for inventory problems. Cars may well catch the public’s attention and sales spike higher than the manufacturer expected. Alternatively, special discounts on an individual car can pull people to dealers. Then dealers are left with unhappy potential customers. Manufacturers are left to decide if they should change factory production.

On the other hand, some cars have so little demand that dealers cannot clear their lots of them. These dealers are stuck with vehicles that they bought from manufacturers, only to see them sit in inventory for months, or as much as half a year.

iSeeCars keeps monthly data on “days to sell” by vehicle as a means to determine the balance of supply and demand. The average number of days to sell across the industry in January was 46, which is within the normal range. Among the fastest selling cars in America, it was as low as 10 days. However, the days to sell figure for a Ford Fusion Hybrid was 179.

The Ford Fusion is a sedan built and sold by a company that is trying to exit the car business in the United States and move much more into the sport utility vehicle, crossover and pickup markets. The Fusion was one of these holdovers. In fact, the regular version of the Fusion was the vehicle with the second most days to sell at 157. Several other vehicles on the list were also small sedans.

Quarterly sales figures came from goodcarbadcar.net. In a few cases, the listed sales figures are for a larger segment of the model’s sales. For example, listed sales for the Toyota RAV4 Hybrid are for the entire RAV4 series.

Click here to see the slowest selling new car.

20. Kia Niro
> Avg. days to sell: 76.1
> Avg. price: $26,204
> 2019 Q4 U.S. sales: 6,459
> 2020 Q4 U.S. sales: 4,202
> Year-over-year sales change: -34.9%

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19. Hyundai Ioniq Hybrid
> Avg. days to sell: 77.7
> Avg. price: $25,749
> 2019 Q4 U.S. sales: 5,428
> 2020 Q4 U.S. sales: 4,331
> Year-over-year sales change: -20.2%

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18. BMW X7
> Avg. days to sell: 80.0
> Avg. price: $90,455
> 2019 Q4 U.S. sales: 7,820
> 2020 Q4 U.S. sales: 7,044
> Year-over-year sales change: -9.9%

17. Toyota Corolla Hybrid
> Avg. days to sell: 80.2
> Avg. price: $24,149
> 2019 Q4 U.S. sales: 70,872
> 2020 Q4 U.S. sales: 70,965
> Year-over-year sales change: +0.1%

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16. Volkswagen Jetta
> Avg. days to sell: 81.9
> Avg. price: $21,582
> 2019 Q4 U.S. sales: 25,712
> 2020 Q4 U.S. sales: 25,182
> Year-over-year sales change: -2.1%

15. Nissan Leaf
> Avg. days to sell: 82.8
> Avg. price: $35,579
> 2019 Q4 U.S. sales: 3,254
> 2020 Q4 U.S. sales: 4,635
> Year-over-year sales change: +42.4%

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14. Honda Insight
> Avg. days to sell: 83.6
> Avg. price: $26,530
> 2019 Q4 U.S. sales: 4,902
> 2020 Q4 U.S. sales: 3,688
> Year-over-year sales change: -24.8%

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13. Buick Encore
> Avg. days to sell: 85.5
> Avg. price: $23,715
> 2019 Q4 U.S. sales: 28,497
> 2020 Q4 U.S. sales: 6,338
> Year-over-year sales change: -77.8%

12. Volkswagen Passat
> Avg. days to sell: 91.8
> Avg. price: $25,183
> 2019 Q4 U.S. sales: 1,153
> 2020 Q4 U.S. sales: 6,774
> Year-over-year sales change: +487.5%

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Buick Envision (CC BY 2.0) by Greg Gjerdingen

11. Buick Envision
> Avg. days to sell: 94.4
> Avg. price: $34,684
> 2019 Q4 U.S. sales: 8,380
> 2020 Q4 U.S. sales: 8,474
> Year-over-year sales change: +1.1%

10. Nissan Versa
> Avg. days to sell: 94.4
> Avg. price: $17,203
> 2019 Q4 U.S. sales: 9,463
> 2020 Q4 U.S. sales: 17,964
> Year-over-year sales change: +89.8%

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9. Hyundai Elantra GT
> Avg. days to sell: 94.9
> Avg. price: $21,820
> 2019 Q4 U.S. sales: 49,625
> 2020 Q4 U.S. sales: 30,372
> Year-over-year sales change: -38.8%

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8. Kia Rio
> Avg. days to sell: 96.5
> Avg. price: $15,918
> 2019 Q4 U.S. sales: 5,323
> 2020 Q4 U.S. sales: 5,884
> Year-over-year sales change: +10.5%

7. Ford EcoSport
> Avg. days to sell: 96.7
> Avg. price: $22,023
> 2019 Q4 U.S. sales: 14,051
> 2020 Q4 U.S. sales: 13,345
> Year-over-year sales change: -5.0%

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6. Mitsubishi Mirage G4
> Avg. days to sell: 97.1
> Avg. price: $16,210
> 2019 Q4 U.S. sales: 5,789
> 2020 Q4 U.S. sales: 4,844
> Year-over-year sales change: -16.3%

5. Chevrolet Trax
> Avg. days to sell: 102.1
> Avg. price: $21,499
> 2019 Q4 U.S. sales: 33,039
> 2020 Q4 U.S. sales: 26,106
> Year-over-year sales change: -21.0%

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2012-Kia-Sedona-1[2] (CC BY 2.0) by loubeat

4. Kia Sedona
> Avg. days to sell: 102.9
> Avg. price: $32,039
> 2019 Q4 U.S. sales: 4,267
> 2020 Q4 U.S. sales: 3,059
> Year-over-year sales change: -28.3%

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3. Honda Fit
> Avg. days to sell: 113.1
> Avg. price: $18,680
> 2019 Q4 U.S. sales: 8,146
> 2020 Q4 U.S. sales: 8,100
> Year-over-year sales change: -0.6%

2. Ford Fusion
> Avg. days to sell: 157.7
> Avg. price: $22,942
> 2019 Q4 U.S. sales: 32,137
> 2020 Q4 U.S. sales: 20,001
> Year-over-year sales change: -37.8%

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2010 Ford Fusion Hybrid gas ga... by Beth

2010 Ford Fusion Hybrid gas ga... (CC BY 2.0) by Beth

1. Ford Fusion Hybrid
> Avg. days to sell: 179.7
> Avg. price: $26,490
> 2019 Q4 U.S. sales: 32,137
> 2020 Q4 U.S. sales: 20,001
> Year-over-year sales change: -37.8%

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.