“Overall car sales have plummeted as a result of stay-at-home orders and the economic downturn,” said iSeeCars CEO Phong Ly. “But for those fortunate enough to be able to make a car purchase, now is an opportune time as dealers increasingly need to move inventory, and these slow-selling models could present great deals.”
The report shows models with the largest drop in sales within the month of being listed. In essence, there are a few car models that are more likely to give you a greater opportunity to negotiate a cheaper price on a used car.
To come up with the report, iSeeCars analyzed more than 1.8 million used vehicles in February and March of this year. Here are some key findings:
- The automaker with the most used vehicles on the list is Honda, with five models
- Led by the RAV4 Hybrid, three of the top eight vehicles are Toyota SUVs
Report: These Used Cars Just Had the Largest Drop in Sales
|Rank||Vehicle||2020 Feb – Mar % Sold diff|
|1||Tesla Model 3||-24.2%|
|2||Toyota RAV4 Hybrid||-20.9%|
|4||Mitsubishi Eclipse Cross||-19.0%|
|5||Tesla Model X||-17.5%|
|9||Lexus GX 460||-16.7%|
Money expert Clark Howard says you can find some great car deals over the next few weeks.
“May, June, early July, it’s going to be a great time for people who are in the market for a vehicle,” Clark says.
However, there are many factors that you need to think about before you purchase a new or used vehicle right now. Read this list of things to consider before you decide to make this major financial decision.