As new vehicles spend longer and longer on dealers' lots, used cars are selling faster and faster. Honda and Lexus models are selling the fastest, while premium vehicles struggle to find their second buyers. Consumers are happy to buy used EVs, but hybrids are selling like hotcakes right now. During the pandemic, prices surged in both the new and used vehicle markets, placing consumers in a challenging position.
It took used car dealerships just 27.6 days to find buyers for vehicles from the American EV manufacturer, representing a 19.4 percent faster turnover than the industry average. Slowest Selling Used Cars, March 2024 RankModelAvg. Days on MarketAverage Price1Genesis GV60149.9$53,9862Chrysler Pacifica PHEV78.0$44,1803Mercedes-Benz EQS SUV77.4$98,1474Lincoln Corsair73.4$41,1115Audi S870.2$79,4006Maserati Ghibli69.8$43,8707Hyundai Ioniq 669.7$37,6358Hyundai Santa Fe PHEV65.