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.
To determine the fastest selling cars, 24/7 Wall St. reviewed data from car search engine iSeeCars on the new vehicles with the lowest average days to sell in March 2021. Cars purchased in March typically sat on the dealer lot for 47.4 days before getting sold. Some cars sold much faster. The fastest-selling car in America is the Chevy Corvette. The Corvette’s days-to-sell figure is 9.4, according to iSeeCars.
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, supply depends in part on factory output. At the dealer end, demand is an educated guess about what the people in a market want.
The car most in-demand in the United States last month, the Chevy Corvette, is 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).
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.”
Click here to see the fastest-selling car in America.
20. Toyota 4Runner
> Avg. days to sell: 23.3
> Avg. price $45,125
[in-text-ad]
19. Lexus RX 450h
> Avg. days to sell: 22.9
> Avg. price $58,681
18. Toyota Sienna
> Avg. days to sell: 22.6
> Avg. price $41,854
17. Toyota RAV4 Hybrid
> Avg. days to sell: 22.0
> Avg. price $34,994
[in-text-ad-2]
16. Toyota Tundra
> Avg. days to sell: 22.0
> Avg. price $47,835
15. Ford F-150 (Hybrid)
> Avg. days to sell: 21.8
> Avg. price $66,345
[in-text-ad]
14. Chevrolet Tahoe
> Avg. days to sell: 21.5
> Avg. price $65,601
24/7 Wall St.
13. Mercedes-Benz GLS
> Avg. days to sell: 19.3
> Avg. price $92,134
12. BMW X7
> Avg. days to sell: 18.8
> Avg. price $92,835
[in-text-ad-2]
11. Land Rover Range Rover Velar
> Avg. days to sell: 17.7
> Avg. price $68,482
10. Lexus IS 350
> Avg. days to sell: 17.5
> Avg. price $47,857
[in-text-ad]
9. GMC Yukon
> Avg. days to sell: 17.5
> Avg. price $76,268
24/7 Wall St.
8. Toyota Tacoma
> Avg. days to sell: 16.3
> Avg. price $37,524
7. Hyundai Elantra (Hybrid)
> Avg. days to sell: 16.1
> Avg. price $26,007
[in-text-ad-2]
6. Cadillac Escalade
> Avg. days to sell: 15.6
> Avg. price $99,492
5. Cadillac Escalade ESV
> Avg. days to sell: 15.2
> Avg. price $102,145
[in-text-ad]
4. GMC Yukon XL
> Avg. days to sell: 14.3
> Avg. price $79,282
3. Kia Telluride
> Avg. days to sell: 14.1
> Avg. price $44,103
2. Toyota RAV4 Prime
> Avg. days to sell: 10.2
> Avg. price $44,201
[in-text-ad-2]
1. Chevrolet Corvette
> Avg. days to sell: 9.4
> Avg. price $82,457
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
