The fastest & slowest selling cars on the market

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Buying a car is a major purchase, especially if it’s your first time. If you are on a tight budget, buying a used car may be for you. (If you aren’t sure whether to buy or lease a car, check out this guide.)

The average time it takes for a late-model (model year from 2015 to 2017) used car to sell is 46.4 days — but not every car sells that quickly (or slowly), according to a report by ISeeCars.com. 

The automotive research firm ranked the fastest- and slowest-selling used cars in the first half of 2018. At the top of the slowest list was the Porsche Cayenne, a luxury SUV priced at more than $60,000, while the fastest-selling car was the Toyota Prius C, selling for $15,000. The 10 slowest-selling cars stayed on market for an average of 65.3 days, while the 10 fastest-selling cars changed hands in an average of 33.9 days.

Image Credit: martin-dm.

What makes a car not sell?

Julie Blackley, communications manager of ISeeCars.com, said most of the cars on the slowest-selling list are luxury vehicles or cars branded to a specific audience.

She gave the example of Buick, which holds the number two and three spots on the slowest-selling list.

“Buick has a reputation of having only older customers,” she said.

“Branding has an impact on who is going to be purchasing a car.”

Blackley also said luxury vehicles tend to be leased initially, so after the lease ends, “there’s a glut of them in the used marketplace.”

Image Credit: DepositPhotos.com.

The carmaker also matters

Blackley said American-made cars sell much more slowly than foreign-made cars, because they’re perceived as less reliable. The fastest-selling list had a mix of foreign-made cars, specifically from Japan and Germany, and lower-cost popular models. Blackley also said some luxury cars, like the BMW i3, have such a high depreciation rate that by the time they’re presented as a late-model used car, they’re much more affordable and will sell quickly.

Image Credit: DepositPhotos.com.

Deciding what cars will sell quickly

Blackley said she expects the same selling trends to continue going into 2019, but customer tastes can change. Blackley also believes rising gas prices and the effects of tariffs will lead to a surge of customers buying used cars instead of leasing.

Before you buy, think about the additional costs — like auto insurance, which is required in almost every state. (You can see how much is required in your state in this state-by-state guide.)

Here is a list of the fastest- and slowest-selling late-model used vehicles in 2018, based on data analyzed by ISeeCars.

Image Credit: DepositPhotos.com.

10th fastest-selling car: Hyundai Veloster Turbo

Days on market: 36

Price: $16,127

Image Credit: DepositPhotos.com.

9th fastest-selling car: Honda Accord

Days on market: 35.5

Price: $18,918

Image Credit: DepositPhotos.com.

8th fastest-selling car: Toyota Corolla

Days on market: 34.9

Price: $14,406

Image Credit: DepositPhotos.com.

7th fastest-selling car: Honda Civic

Days on market: 34.7

Price: $16,261

Image Credit: DepositPhotos.com.

6th fastest-selling car: Volkswagen Golf R

Days on market: 34.4

Price: $32,392

Image Credit: DepositPhotos.com.

5th fastest-selling car: Chevrolet Volt

Days on market: 34.3

Price: $19,481

Image Credit: DepositPhotos.com.

4th fastest-selling car: Toyota Prius

Days on market: 33.4

Price: $18,565

Image Credit: DepositPhotos.com.

3rd fastest-selling car: BMW i3

Days on market: 33.4

Price: $23,964

Image Credit: DepositPhotos.com.

2nd fastest-selling car: Tesla Model S

Days on market: 32.4

Price: $70,861

Image Credit: DepositPhotos.com.

Fastest-selling car: Toyota Prius C

Days on market: 29.6

Price: $15,003

Image Credit: Toyota.

10th slowest-selling car: Lincoln MKX

Days on market: 62.2

Price: $32,827

Image Credit: DepositPhotos.com.

9th slowest-selling car: Ford Taurus

Days on market: 62.6

Price: $19,881

Image Credit: DepositPhotos.com.

8th slowest-selling car: Mazda CX-9

Days on market: 62.9

Price: $27,513

Image Credit: DepositPhotos.com.

7th slowest-selling car: Cadillac XT5

Days on market: 64.2

Price: $39,778

Image Credit: DepositPhotos.com.

6th slowest selling car: Ford Flex

Days on market: 64.3

Price: $26,109

Image Credit: DepositPhotos.com.

5th slowest selling car: Land Rover Discovery Sport

Days on market: 66.1

Price: $36,827

Image Credit: DepositPhotos.com.

4th slowest-selling car: Porsche 911

Days on market: 67.5

Price: $122,124

Image Credit: DepositPhotos.com.

3rd slowest-selling car: Buick LaCrosse

Days on market: 67.5

Price: $23,753

Image Credit: DepositPhotos.com.

2nd slowest-selling car: Buick Regal

Days on market: 67.6

Price: $18,906

Image Credit: DepositPhotos.com.

Slowest-selling car: Porsche Cayenne

Days on market: 67.8

Price: $61,136

Ready to purchase? Read this easy guide to buying a car.

This article originally appeared on Policygenius and was syndicated by MediaFeed.org.

Image Credit: DepositPhotos.com.

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