Report: Most Popular Used Cars in America

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Prices in the used car market are steadily getting better, which is what money expert Clark Howard predicted would happen. Because the market continues to normalize, Clark wants you to consider a used car for your next vehicle.

“There was a time during COVID when I said it’s better to buy a new car instead of used, but now I’m back to saying the traditional advice: Used instead of new,” he says.

A recent report from vehicle research site iSeeCars shows the best-selling used cars through the end of last year.

What Is the Top-Selling Used Vehicle Right Now?

Here are some key findings from the report:

  • Like last year, the Ford F-150 remains #1 as the most popular used car. Coming in second is the Chevrolet Silverado 1500.
  • For the first time in the last few years, the Ram 1500 fell out of the top three. Taking its place at #3 is the Chevrolet Equinox.
  • In EV rankings, the Chevrolet Bolt and Nissan LEAF displaced the Tesla Model S and X in two of the top spots.

To come up with its numbers, iSeeCars analyzed more than 9.2 million used car sales from model years 2018 to 2022. “Each model’s share of used car sales was calculated nationally, as well as within each metro area and state,” says the report.

“Trucks have been so dominant in the U.S. market for so long that it’s strange to see the Ram lose its top-three ranking, even to an SUV as popular as the Chevrolet Equinox,” Karl Brauer, iSeeCars executive analyst, says in a news release. “This shift reflects the jump in gas prices during 2023, which led many consumers to move away from large trucks and SUVs and into smaller, more fuel-efficient models.”

Let’s go over the best-selling used cars and then we’ll get into the best-selling used EVs.

Here Are the Best-Selling Used Vehicles

Model2022 % of Total 1- to 5-year-old Used Car Sales2023 % of Total 1- to 5-year-old Used Car Sales
Ford F-1503.3%3.3%
Chevrolet Silverado 15002.9%2.6%
Chevrolet Equinox2.2%2.1%
Ram 15002.3%2.1%
Toyota Camry1.8%1.8%
Honda Civic1.8%1.7%
Toyota RAV41.7%1.7%
Toyota Corolla1.5%1.5%
Ford Explorer1.5%1.5%
Nissan Rogue1.7%1.5%

Now let’s check out the best-selling EVs across the country.

Here Are the Best-Selling Used Electric Vehicles

Model2022 % of Total 1- to 5-year-old Used EV Sales2023 % of Total 1- to 5-year-old Used EV Sales
Tesla Model 340.0%34.9%
Tesla Model Y10.3%11.9%
Chevrolet Bolt EV6.2%6.9%
Nissan LEAF6.7%6.2%
Tesla Model S9.8%5.6%
Tesla Model X7.7%5.5%
Ford Mustang Mach-E3.7%4.6%
Audi e-tron2.7%2.9%
Porsche Taycan2.4%2.4%
Volkswagen ID.41.7%2.2%

Read the full report from iSeeCars.

Clark says of all the segments in the used car market that have affordable prices, electric vehicles give you the biggest bang for your buck right now.

“People are still looking for a deal on used cars,” says money expert Clark Howard. “And now there’s the added bonus attraction that used electric vehicles under $25,000 qualify, for most taxpayers, for a $4,000 tax credit.”


Read up on how you can get the Clean Vehicle Tax Credit on used electric vehicles.