Top 10 Fastest Selling Used Vehicles
Automotive research and sales website iSeeCars.com recently analyzed over 4 million 1-3 year old used vehicle sales that occurred between January 2018 to July 2018.
The study gauged how long certain vehicles spend on a used car lot before being sold, which provided it with insights into the fastest and slowest-selling late model used vehicles in today’s marketplace. To obtain this information, the company recorded the average time each model spent listed for sale on its website and removed outliers or data it felt was not accurate to within two days.
The fastest selling used vehicles today are all hybrid or electric, according to iSeeCars.com’s data. This could potentially be a sign that many consumers are interested in buying a hybrid or electric car, but may not have the means to afford a brand new one. “When buying a new car, hybrids on average are 20 percent more expensive than conventional gasoline-fuel cars so buying them used is an effective way to offset that added cost,” said iSeeCars.com’s CEO, Phong Ly.
Interestingly, crossovers, trucks and SUVs were nowhere to be found among top 10 fastest-selling used vehicles, despite many of them being among the most popular new vehicles today.
Below are the top 10 fastest selling used vehicles according to iSeeCars.com’s findings.
10. Hyundai Veloster Turbo 
The Hyundai Veloster Turbo Spent an average of 36 days on used car lots, 10.4 days less than the industry average of 46.4 days.
9. Honda Accord 
The Honda Accord spent an average of 35.5 days on used car lots, 10.9 days less than the industry average.
8. Toyota Corolla 
The Toyota Corolla spent an average of 34.9 days on used car lots, 11.5 days less than the industry average.
7. Honda Civic
The Honda Civic spent an average of 34.7 days on used car lots, 11.7 days less than the industry average.
6. VW Golf R
The VW Golf R spent an average of 34.4 days on used car lots, 12 days less than the industry average.
5. Chevrolet Volt 
The Chevrolet Volt spent an average of 34.3 days on used car lots, 12.1 days less than the industry average.
4.Toyota Prius 
The Toyota Prius spent an average of 33.3 days on used car lots, 13 days less than the industry average.
3. BMW i3 
The BMW i3 tied with the Prius, spending an average of 33.3 days on used car lots, 13 days less than the industry average.
2. Tesla Model S 
The Tesla Model S spent an average of 32.4 days on used car lots, 14 days less than the industry average.
1. Toyota Prius C 
The Toyota Prius C spent an average of 29.6 days on used car lots, 16.8 days less than the industry average.