Research shows expensive cars sell faster than cheap ones

Whether you’re looking for a used car or a new car these days, you might find some great deals as dealers go the extra mile to keep the business alive in the coronavirus era. The demand for used cars seems to be quite strong and surprisingly, in the new car scene, the more expensive cars sell out faster than the more affordable ones.

How do we know this? A new study by iSeeCars analyzes over 1.2 million new and used cars sold in January 2021 and ranks them based on the average number of days required for each model for sale. The 20 best-selling new cars range from $ 24,241 to $ 100,643, with the average price being $ 41,982. In turn, the average price of new cars in the United States for 2021 is $ 37,157.

Here is the list of the 20 best-selling new cars in January 2021:

As you can see, the best-selling vehicle in the country is the Chevrolet Corvette, which only needs 10 days to sell on average. The study finds that the average price of the supercar is $ 84,689, more than double the average price of new cars in the United States. The most expensive car on the list is the Mercedes-Benz GLS with an average price of $ 100,643, but even the luxury SUV only needs an average of 18.3 days to sell.

Interestingly, the trend is similar in the used car market where the average price of the top 20 selling cars is $ 26,146. The best-selling model is the Hyundai Palisade with an average price of $ 39,551 and an average of 26.2 days before someone signs on the dotted line. Check out the full list below.