Luxury Cars Are Flying off Dealership Lots in 2021
The world is slowly recovering from the pandemic, and that includes the automotive industry. But the luxury vehicle market, especially, is blazing back to life. iSeeCars reports that luxury cars are selling so fast that it’s hard to keep up. Yet an intruder lurks in their midst. Though the Chevy Corvette isn’t a luxury car per se, it’s going toe-to-toe with the best of the best and even outperforming them.
Everyone needs a little spoiling after the pandemic
Let’s face it — owning an opulent car makes you feel great. Whether it’s new or used, the extra thought put into a high-end vehicle is enough to put a smile on your face. That may be why iSeeCars reports that luxury cars are flying off lots.
According to the car search engine, “The latest iSeeCars analysis found that the fastest-selling new cars during … February were mainly SUVs led by luxury models, while the majority of the fastest-selling used cars are luxury cars.”
Luxury cars appearing on the list include the Lexus IS 350 and RX 450h, the Cadillac Escalade, the BMW X7, the Mercedes-Benz GLS, and the Genesis GV80.
The Chevy Corvette sticks out on this list of luxury cars
The Chevy Corvette has outsold vehicles with higher pedigrees, at least on paper. Though the Corvette isn’t a luxury vehicle, its charms have been enough to sway many shoppers.
The average price for a Chevy Corvette is $86,581, but that isn’t stopping anyone from buying it. In fact, it takes only 13.1 days for it to find a home, compared to an average of 48.9 days for most new cars to sell.
Perhaps the Corvette’s appeal lies in that it’s a great daily driver. Not only does it have a tough look that turns heads, but also it can comfortably fit two adults. Gone are the days when drivers felt like they had to schedule a chiropractor appointment after driving to work. Now, entering and exiting is easier than ever, and sitting for long periods isn’t a pain thanks to its cushiony seats.
There’s no manual transmission, but the powerful V8 in this mid-engine sports car can push out 480 hp. For anyone looking for speed, the 2021 Chevy Corvette can go from 0 to 60 in a mere 2.9 seconds when properly equipped.
The 2022 model promises to be just as exciting, if not more so. Still, can the Vette keep up with luxury cars’ phenomenal sale numbers?
Are the tides shifting?
Though luxury cars are going gangbusters, it appears sales might be slowing. iSeeCars executive analyst Karl Brauer said, “While the high demand for expensive vehicles, namely luxury SUVs, carried over from January to February, the increased days to sell for both new and used cars suggests that there is slowing demand for both new and used cars.”
What that means for the future is unclear, but the auto industry is rarely predictable. Tesla, which was expected to revolutionize the auto industry, is getting slammed for its poor predictable reliability. On the other hand, vehicles like the Pontiac Aztek, which is so ugly only its designer could love it, has developed a cult following.
So, will the Corvette remain on top? Odds are another car will knock it off its throne, but the iconic sports car will undoubtedly continue to bring Chevrolet a steady stream of cash.