When shopping for a new car, many buyers are looking to best deal they can get. However, there are many factors that go into getting that bottom-dollar amount, one of which is how long the car has been sitting on the dealer’s lot. The more days that a car has been sitting on the lot, the better the deal.
But if a certain make and model sells quickly, then dealers are less likely to give you the best deal possible on it. As such, here are 10 of the fastest-selling cars in April, according to iSeeCars, that you’ll want to avoid if you’re hunting for the best deal that you can get on a new car.
The microchip shortage has hindered new car sales
iSeeCars recently analyzed over 1.3 million new and used cars that were sold in April 2021. The site found that new cars take around 48.3 days to sell, while the average used car sits on the lot for 37.4 days before it’s sold. You might be aware of the microchip shortage that is currently slowing down sales as well, so that was a factor last month as the new car inventory was in shorter supply.
“The microchip shortage is showing up as a clear constriction to new car supply, as we’ve seen a 16.6% drop in new car inventory over just the past four weeks from April to May,” said iSeeCars Executive Analyst Karl Brauer. “The significant decrease in inventory suggests demand continues to outpace supply, and these hot sellers will likely be even more difficult to find in the coming months.”
Here are 10 of the fastest-selling cars, which according to iSeeCars, sell 2.4 to 5.3 times faster than the average new vehicle.
No. 1 – Chevrolet Corvette: 9.2 days
Now in its eighth generation, the Chevrolet Corvette has been a mainstay in the automotive industry and is one of the most well-known sports cars in the world. Despite its average selling price of $87,390, many car buyers and enthusiasts will gladly pay that hefty sum considering Corvettes only stayed on the lot for an average of 9.2 days in April.
No. 2 – Jeep Wrangler 4xe: 10.5 days
If you want the full-on off-road capability of a Jeep Wrangler, but are also keen on owning a plug-in hybrid, then the Wrangler 4xe is the best of both worlds. Last month, the Wrangler 4xe only lasted an average of 10.5 days on dealer lots, which shows that many buyers will gladly spend $57,161 on a hybrid Jeep.
No. 3 – Kia Telluride: 12.6 days
What can we say about the Kia Telluride that hasn’t already been said? Our only surprise is that it’s not at the top of this list. That being said, we’re not surprised that Tellurides only hang around dealer lots for 12.6 days on average.
No. 4 – Hyundai Santa Fe Hybrid: 12.8 days
The Hyundai Santa Fe has been one of the brand’s best-selling crossovers for the past couple of decades. Its perennial sales place it high on this list as the Santa Fe Hybrid can only be found on lots for around 12.8 days.
No. 5 – Lexus IS 350: 13.4 days
If you’re in the market for an entry-level luxury sedan, then the Lexus IS 350 is a strong choice. However, you’ll have to act quickly as it only spends time on the dealer lots for an average of 13.4 days.
No. 6 – Toyota RAV4 Prime: 13.7 days
Supercar-like acceleration and all-electric range make the Toyota RAV4 Prime a highly sought-after crossover. In fact, it’s in such high demand that many dealers are still marking up the prices on them, but they’re still selling like hotcakes.
No. 7 – Cadillac Escalade: 13.9 days
The Cadillac Escalade is one of the most well-known SUVs in the market, so it’s no wonder that it only lasts an average of 13.9 days on dealer lots.
No. 8 – Kia Carnival: 13.9 days
The all-new Kia Carnival recently replaced the existing Sedona minivan nameplate. It also just hit showroom floors but is selling well considering it only lasts 13.9 days on average.
No. 9 – Toyota Tacoma: 15 days
When shopping for a mid-size truck, there’s no better choice than the Toyota Tacoma if reliability is high on your list of must-haves. You’ll need to be quick if you’re shopping for one, though, as Tacomas only sit on dealer lots for around 15 days.
No. 10 – GMC Yukon: 15.5 days
If you don’t need something as posh as the Cadillac Escalade, then you can always opt for the GMC Yukon. This three-row SUV provides plenty of comfort and space for up to nine people and it’s really popular, so you might have to pay top dollar for it.
There are plenty more high-demand cars to choose from
This is just the top half of the list of “Top 20 Fast-Selling New Vehicles for April 2021,” courtesy of iSeeCars. Here are the trailing 10 cars:
- Toyota 4Runner – 16.1 days
- Chevrolet Tahoe – 16.3 days
- GMC Yukon XL – 17.7 days
- Cadillac Escalade ESV – 18.3 days
- Toyota Tundra – 18.5 days
- Hyundai Elantra Hybrid – 19.8 days
- Lexus RX 450h – 20.5 days
- Chevrolet Suburban – 20.7 days
- Toyota RAV4 Hybrid – 21 days
- Kia Sorento Hybrid – 21 days
The one important part to note is that since these cars are so popular, it’ll most likely be harder to strike the deal of the century on them. However, your mileage may vary since some dealers have more room for negotiation than others. Just remember to do your pricing research before heading to the dealership.