The Fastest Selling Used Cars All Have One Thing in Common
In the ever-evolving automotive market, speed of sale can indicate the demand for a specific model. Cars from Asian manufacturers, in particular, seem to be ruling the roost in 2023, based on the latest data by iSeeCars.com. Here's a look at the top 10 fastest selling used cars this year.
Honda HR-V
- Days to sell: 34.4
- Average transaction price: $24,496
- The HR-V leads the chart as the quickest selling used car, an unsurprising title given its popularity in the crossover SUV segment.
Acura ILX
- Days to sell: 35.3
- Average transaction price: $26,091
- Coming in at a close second, the compact luxury sedan, the Acura ILX combines value and substance to entice potential buyers.
Toyota Highlander Hybrid
- Days to sell: 36.6
- Average transaction price: $42,119
- Demonstrating the growing interest in hybrids, the Highlander Hybrid stands out as a favorite among those who wish to balance practicality, efficiency, and eco-friendliness.
Acura RDX
- Days to sell: 36.8
- Average transaction price: $35,864
- Another entry from Acura, the RDX, a luxury crossover SUV, continues to be a sought-after choice in the used car market.
Hyundai Venue
- Days to sell: 38.0
- Average transaction price: $19,764
- Offering a mix of compact design and affordability, the Hyundai Venue is the perfect car for urban dwellers.
Honda Insight
- Days to sell: 38.3
- Average transaction price: $24,567
- This hybrid from Honda has successfully carved out its niche in the market, emphasizing both performance and eco-friendliness.
Honda CR-V
- Days to sell: 38.5
- Average transaction price: $28,660
- A constant favorite, the Honda CR-V remains a top choice for families and individuals alike, thanks to its space and reliability.
Honda Civic
- Days to sell: 38.8
- Average transaction price: $24,619
- A staple in the compact car segment, the Honda Civic continues its longstanding legacy as a reliable and stylish vehicle.
Toyota C-HR
- Days to sell: 38.9
- Average transaction price: $23,462
- With its unique design and performance, the Toyota C-HR appeals to a younger demographic looking for flair in their drive.
Toyota Sienna (hybrid)
- Days to sell: 39.1
- Average transaction price: $44,233
- Rounding off the list, the hybrid minivan from Toyota shows that eco-friendliness can coexist with family needs.
Key Observations:
- Asian OEM Dominance: All the vehicles on the list are from Asian brands. This demonstrates Japan and Korea's consistent dedication to producing reliable, efficient, and popular vehicles.
- Consumer Behavior: The overall sales speed for used cars is 6.1 percent faster than last year, indicating a consumer shift towards used vehicles. As Karl Brauer from iSeeCars points out, the used car market offers more value, and buyers are recognizing it.
- Electric Vehicle Dip: Despite the dominance of hybrids in the fastest-selling list, overall EV sales have slowed, even with significant price drops.
As the automotive world keeps evolving, trends like these offer a fascinating snapshot of consumer behavior and market dynamics. As prices continue to moderate, and as the industry responds to shifts in demand, it'll be interesting to see how these lists transform in the coming years.
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This article was co-written using AI and was then heavily edited and optimized by our editorial team.
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"...the used car market offers more value, and buyers are recognizing it." This is false, IMHO. Very much a 'Demand vs. Supply issue' in the US car market. Used cars are over-priced as the manufacturers struggle to meet demand for new. If you want - actually should state NEED - a car as yours is non-functional, then you're forced to buy what's available, not what you want or can afford for a new car. Thus, used cars sitting on lots are snatched up, since peeps can't wait 3+ months for the similarly priced new car. I don't get how that offers more value, unless they meant 'for the dealer'. :-(