The coronavirus pandemic has caused a slowdown in vehicle sales. In fact, a new report from the car research site iSeeCars.com shows that the slowdown is affecting some models more than others.
"Overall car sales have plummeted as a result of stay-at-home orders and the economic downturn," said iSeeCars CEO Phong Ly. "But for those fortunate enough to be able to make a car purchase, now is an opportune time as dealers increasingly need to move inventory, and these slow-selling models could present great deals."
The report shows models with the largest drop in sales within the month of being listed. In essence, there are a few car models that are more likely to give you a greater opportunity to negotiate a cheaper price on a used car.
To come up with the report, iSeeCars analyzed more than 1.8 million used vehicles in February and March of this year. Here are some key findings:
- The automaker with the most used vehicles on the list is Honda, with five models
- Led by the RAV4 Hybrid, three of the top eight vehicles are Toyota SUVs
Report: These Used Cars Just Had the Largest Drop in Sales
Rank | Vehicle | 2020 Feb – Mar % Sold diff |
---|---|---|
1 | Tesla Model 3 | -24.2% |
2 | Toyota RAV4 Hybrid | -20.9% |
3 | Volkswagen Atlas | -19.4% |
4 | Mitsubishi Eclipse Cross | -19.0% |
5 | Tesla Model X | -17.5% |
6 | Chevrolet Spark | -17.1% |
7 | Toyota RAV4 | -16.8% |
8 | Toyota C-HR | -16.8% |
9 | Lexus GX 460 | -16.7% |
10 | Honda HR-V | -16.6% |
11 | Honda Pilot | -16.2% |
12 | Toyota Highlander | -16.1% |
13 | Honda Civic | -15.9% |
14 | Honda Odyssey | -15.8% |
15 | Honda CR-V | -15.7% |
Overall Average | -9.8% |
Final Thought
Money expert Clark Howard says you can find some great car deals over the next few weeks.
“May, June, early July, it’s going to be a great time for people who are in the market for a vehicle,” Clark says.
However, there are many factors that you need to think about before you purchase a new or used vehicle right now. Read this list of things to consider before you decide to make this major financial decision.
More Car Resources From Clark.com:
- Best and Worst Auto Insurance Companies
- 7 Rules for Buying a Cheap Car With Cash
- Buying Gas From a Station on This List Is Better for Your Car
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