These are the fastest-selling new cars of 2023
If you’re out shopping for a new car, it can seem like some models are never in stock, and if they are, they carry significant dealer markups. iSeeCars’ latest study found that some new vehicles sell considerably faster than others, which could explain some of the difficulty you face in finding your new car.
The study found that the average new car now sells 25.7 percent slower than a year ago, and all electric vehicles (including used ones) take around twice as long to move as they did last year. iSeeCars’ executive analyst, Karl Brauer, said that buyers are tired of high prices and tight inventory, noting that “Used cars were initially driven up by a lack of new car inventory. Now there are plenty of new cars on dealer lots, but consumers aren’t rushing out to buy them. The new car average time-to-sale is down by more than 25 percent, even as used cars are selling 6.1 percent faster. This shows buyers are continuing to seek value in the used car market despite a wide range of new car options.”
The list of new vehicles that sold the fastest over the last year includes the following:
Toyota Grand Highlander Hybrid: 9.2 days on the market
Land Rover Range Rover: 10.4 days
Toyota Grand Highlander: 10.7 days
GMC Yukon: 19.7 days
Lexus NX 350h: 19.7 days
Kia Forte: 21 days
Subaru Crosstrek: 21.8 days
BMW X1: 22.1 days
Toyota Corolla: 22.6 days
Toyota Sienna: 22.9 days
iSeeCars split new EV sales out of the main vehicle population to find the ten fastest-selling models:
Chevrolet Bolt EUV: 29.1 days
BMW i4: 30.5 days
Hyundai Ioniq 5: 47.6 days
Audi Q8 e-tron: 48.5 days
Mercedes-Benz EQE: 49.8 days
Ford Mustang Mach-E: 50.4 days
VW ID.4: 52 days
Toyota bZ4X: 53.5 days
Even the fastest-selling electric models sell far slower than the hottest gas models, and Brauer attributes the difference to the rising number of models on sale. “There are far more new EVs to choose from today than there were a year ago, but this has rapidly elevated competition between electric vehicles, making it more challenging for each model to find a buyer.”
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