New Report: The 10 Fastest-Selling New and Used Cars

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Prices have been falling for new and used vehicles over the past few months, although not as much as money expert Clark Howard wants them to drop, but the market is improving.

Nowhere is this more obvious than in how fast some vehicles are selling off dealer lots. Car research site iSeeCars recently listed some of the fastest-selling new and used cars.

What New and Used Vehicles Are Selling the Fastest?

To arrive at its numbers, iSeeCars analyzed more than 463,000 new and used car sales from March 2024. For used cars, the site only looked at vehicles from one to five years old.

In this article, we’ll take a look at the fastest-selling new and used cars.

Here are some key findings from the report:

  • The fastest-selling new vehicle is the Toyota Grand Highlander Hybrid, which takes on average only 14.2 days to sell.
  • The fastest-selling used vehicle is the Lexus RX 350h, which takes only 12.3 days to sell.
  • The average new car sells in 54 days, which is 21.6% slower than a year ago, but used car sales have sped up by 30.5%.

Now let’s take a look at the fastest-selling new cars and then we’ll look at their used counterparts.

Top 10 Fastest-Selling New Cars

Vehicle ModelAverage Days To SellAverage Price
Toyota Grand Highlander Hybrid14.2$55,224

Mercedes-Benz G-Class
18.7$206,737

Land Rover Range Rover
19.3$158,893
Toyota Sienna Hybrid22.9$53,894
GMC Canyon23.0
$49,687
Chevrolet Colorado23.8$42,158
Toyota Grand Highlander24.4$52,933
Cadillac Escalade26.2$110,947
Toyota Highlander Hybrid28.3$50,646
Toyota Corolla28.5$25,359

“Between the gradual drop in new car pricing and consistent slow-down in their sales pace, it’s like watching a giant machine slowly wind down,” iSeeCars Executive Analyst Karl Brauer says in a news release. “New cars are still more expensive than before Covid, and they’re still selling at a reasonable rate, but the pendulum has clearly swung the other direction.”

Top 10 Fastest-Selling Used Cars

Vehicle ModelAverage Days To SellAverage Price
Lexus RX 350h12.3$57,229
Lexus NX 350h15.8$44,419
Lexus NX 25019.8$38,772
Kia Niro Plug-In Hybrid20.0$24,276
Lexus IS 50021.4$59,489
Toyota Highlander Hybrid21.4$39,409
Lexus NX 35021.6$43,328
Toyota Corolla Hybrid21.8$23,016
Mazda MX-5 Miata22.5$27,237
Honda CR-V Hybrid22.9$31,591

Read the full report from iSeeCars.com.

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Money expert Clark Howard’s general rule on purchasing a car is to buy a two or three-year-old vehicle to avoid taking the brunt of the depreciation.

But with some new vehicles sitting on lots for longer, he’s tweaked that advice a bit in the wake of sweeter deals from auto dealers and manufacturers who need to offload their bulging inventories.

“What’s important to know is that brands who have an excess supply — both the brand and the branded dealer — are really trying to sell those vehicles big time,” Clark says.

Many top car brands — except for Toyota and Subaru — have more than 100-day supplies on dealer lots, which is good for buyers, Clark says, “because that means a lot more manufacturer incentives and rebates, special financing offers.”

“These brands that are over a 100-day supply, for most models they sell, you have maximum buying power right now looking to buy a new version,” Clark says. “Because of specific disruptions in the used vehicle market, you’ll likely find that a brand new model from these brands will be cheaper to buy than a two-year old version of these brands.”

Read our in-depth guide on how to buy a new car.

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