This 1 Surprising Honda SUV Is the Fastest-Selling Used Car
Finding a good used car or SUV should be a more straightforward process than it is. Depending on your budget, the small SUV of your dreams could be outside those lines. However, one compact vehicle is selling faster than any other used car on the market, and that is the Honda HR-V. What is this Honda SUV doing right that makes it such a hot commodity? The HR-V is a compelling choice due to its practicality, versatility, and overall value.
What is the best Honda SUV?
While you can debate on the best small SUV on the market, iSeeCars found that the Honda HR-V sold faster than any other option. There were nine different models from Honda on the list, with the HR-V spending an average of 34.4 days on the market. Honda’s small SUV also had an average price of around $24,496. That leaves a little wiggle room in the budget to hopefully find a lower-mileage option with some extra safety features.
|Fastest-Selling Used Cars||Avg. Days on Market|
|Toyota Highlander Hybrid||36|
|Toyota Sienna (hybrid)||39|
The average used car sells in 49 days, around 6% faster than last year. New car sales have also dramatically slowed by more than 25%. SeeCars Executive Analyst Karl Brauer says, “Used car prices were initially driven up by a lack of new car inventory.” Shoppers are not rushing out to buy any type of vehicle right now, but new cars have seen a big drop off. In many cases, the cheapest cars on the lots are the most popular.
Is the Honda H-RV a reliable SUV?
The small Honda SUV earned a predicted reliability score of 75 out of 100 from J.D. Power. According to U.S. News, this subcompact model’s 2023 Honda HR-V reliability score is about average. The last few years have hovered around 75 or so, which is considered an average reliability score.
These days, shoppers are more concerned with reliability and price than ever before. As the cost of new vehicles rose, used cars and SUVs also increased in price. Shoppers looking for a good deal were simply priced out of many good options. While the Honda HR-V isn’t the most popular model on the market, it checks many essential boxes. The most important one is the price, starting at $23,800 for the base model and the fully loaded 2023 HR-V coming in at $29,400 or so.
The small HR-V SUV has many standard driver-assistance features like forward collision warning with automatic emergency braking, lane departure warning with lane-keep assist, and adaptive cruise control. Blind-spot monitoring with rear cross-traffic alert is an available system, but it isn’t included.
What is Honda’s cheapest SUV?
The Honda HR-V is the cheapest SUV in the automaker’s lineup, but that isn’t a detriment to the brand’s reputation in any way. On the list of the top 20 fastest-selling used cars, Honda had nine small SUVs, cars, and midsize SUVs on the list. Toyota had five, including some vehicles, SUVs, trucks, and even a hybrid minivan. Even though the supply of new cars has rebounded, consumers don’t seem to be in a big hurry to run out and purchase one. Drivers want value and reliability, which many used vehicles like the Honda HR-V offer.
One of the most significant impacts on supply over the past few years has been popularity. The more popular a car, truck, or SUV was, the harder it was to find. Selecting a less popular but more reliable option makes a lot of sense. Honda has a lot of popular cars and SUVs, but that also made those models targets for higher prices. The Honda HR-V SUV checked all the boxes and still came in under $30,000.