Yahoo Autos These Slow-Selling Cars Are the Most Likely to Bring Deals
It took 42.8 days for the average new vehicle to sell in November and 51.5 days for the average used vehicle, according to a recent study by car search engine iSeeCars.com. Even in today’s market with inventory constraints from the ongoing microchip shortage, there are certain new and used cars that have remained on dealer lots for an extended amount of time. While the typical car buyer is likely unaware of a vehicle’s average selling time, knowing this important information could help you save money when you purchase a new or used car.
How does understanding a vehicle’s selling time lead to potential savings? It’s because cars that take longer to sell can present shoppers with valuable negotiation opportunities. Dealers will likely want to get rid of these cars even if it means lowering the price. These slow-sellers indicate that the supply of these vehicles is higher than the demand, which could be because the car is priced too high or because it isn’t as desirable as its competition.
Which new cars are the slowest sellers? iSeeCars analyzed over 280,000 new and used cars sold in November to determine which vehicles remain on the market for the longest amount of time.
Slowest-Selling New Cars
These are the top 10 slowest-selling new cars, which include a mix of vehicle types.
Slowest-Selling New Cars- iSeeCars.com - iSeeCars | |||
Rank | Vehicle | Average Days to Sell | Average Price |
1 | 219.0 | $16,557 | |
2 | 207.6 | $25,403 | |
3 | 196.2 | $46,499 | |
4 | 167.7 | $39,332 | |
5 | 138.0 | $46,236 | |
6 | 132.1 | $27,890 | |
7 | 127.1 | $48,173 | |
8 | 123.3 | $49,820 | |
9 | 116.3 | $55,903 | |
10 | 109.0 | $35,359 | |
Overall Average | 42.8 | $42,049 | |
The slowest-selling new car is the Kia Rio subcompact car, which appeals to consumers on a budget with an average new car price of $16,557. It’s joined by two small SUVs that are among the most affordable in their classes: the Mitsubishi Outlander Sport subcompact SUV and the Mitsubishi Eclipse Cross compact SUV.
Four luxury sedans make the list including the midsize Acura TLX, the midsize Alfa Romeo Giulia, the compact Mercedes-Benz C-Class, and the compact INFINITI Q50. The low demand for these cars reflects consumer preference for SUVs.
A pair of Nissans make the list: the Nissan Murano midsize SUV and the Nissan Titan full-size pickup truck. Both are among the lowest-volume sellers in their respective segments.
Rounding out the list is the Chevrolet Bolt EV. Despite being one of the Best Electric Cars on the market, the Bolt has likely declined in popularity thanks to many new entrants to the electric car market.