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.
“May, June, early July, it’s going to be a great time for people who are in the market for a vehicle,” Clark says.
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
Final Thought
Money expert Clark Howard says you can find some great car deals over the next few weeks.
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
[ This article was originally published on Clark.com ]
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