As the U.S. auto market recovers from a difficult 2020, many dealers are struggling to keep their lots stocked with new cars. In July, the average new car took 35 days to sell — nearly a full week faster than in June.
This quick turnaround is due in part to the microchip shortage and the resulting manufacturers’ inability to supply dealerships with new cars. iSeeCars Executive Analyst Karl Brauer said, “production interruptions lower the new car and used car supply and dealers are forced to maintain tight inventory levels.” While cars typically take over a month to sell, there are 20 new vehicles that lasted less than two weeks on dealer lots in July — and one that, on average, sold in just a week.
To determine the fastest selling cars, 24/7 Wall St. reviewed data from car search engine iSeeCars on the new vehicles with the lowest average days to sell in July 2021.
Most of the fastest selling new cars in America are SUVs, many of which are hybrid models. SUVs have spiked in popularity in large part because of their safety and cargo space. Hybrid sales have also increased recently, as they offer a more environmentally conscious alternative to gas-powered vehicles. These are the most eco-friendly cars on the market.
Toyota has capitalized on the surge in demand for hybrids and SUVs. Of the 20 fastest-selling cars in America, eight are Toyotas with two from its luxury division Lexus — nearly all of which are either SUVs, hybrids, or both. There are five different Hyundai-Kia models on the list as well.
Click here to see the fastest-selling car in America.
Source: toyota.com
20. Toyota C-HR
> Avg. days to sell: 13.5
> Avg. price: $24,893
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Source: Courtesy of Toyota
19. Toyota RAV4 Prime
> Avg. days to sell: 13.4
> Avg. price: $44,349
Source: Bill Pugliano / Getty Images News via Getty Images
18. Jeep Grand Cherokee L
> Avg. days to sell: 13.3
> Avg. price: $54,097
Source: Bill Pugliano / Getty Images News via Getty Images
17. Chevrolet Tahoe
> Avg. days to sell: 13.2
> Avg. price: $62,997
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Source: Koichi Kamoshida / Getty Images News via Getty Images
16. Lexus IS 350
> Avg. days to sell: 13.2
> Avg. price: $47,887
Source: Scott Olson / Getty Images
15. Toyota Tacoma
> Avg. days to sell: 13.1
> Avg. price: $38,695
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14. GMC Yukon
> Avg. days to sell: 13.0
> Avg. price: $72,694
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Source: Handout / Getty Images News via Getty Images
13. Cadillac Escalade
> Avg. days to sell: 12.7
> Avg. price: $98,959
Source: 152930510@N02 / Flickr
12. Kia Carnival
> Avg. days to sell: 12.6
> Avg. price: $40,024
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11. Hyundai Palisade
> Avg. days to sell: 12.4
> Avg. price: $46,128
10. Kia Seltos
> Avg. days to sell: 12.4
> Avg. price: $27,008
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9. Kia Telluride
> Avg. days to sell: 12.3
> Avg. price: $44,383
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8. Toyota Corolla Hybrid
> Avg. days to sell: 12.1
> Avg. price: $25,158
7. Toyota RAV4 Hybrid
> Avg. days to sell: 11.6
> Avg. price: $36,021
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Source: Quinn Rooney / Getty Images News via Getty Images
6. Lexus RX 450h
> Avg. days to sell: 11.6
> Avg. price: $59,466
Source: toyota.com
5. Toyota Sienna
> Avg. days to sell: 11.1
> Avg. price: $43,760
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Source: Harold Cunningham / Getty Images News via Getty Images
4. Toyota RAV4
> Avg. days to sell: 11.1
> Avg. price: $31,364
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Source: msvg / Flickr
3. Hyundai Tucson Hybrid
> Avg. days to sell: 11.0
> Avg. price: $33,973
Source: toyota.com
2. Toyota 4Runner
> Avg. days to sell: 10.7
> Avg. price: $46,525
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Source: Hirkophoto / Getty Images
1. Chevrolet Corvette
> Avg. days to sell: 7.0
> Avg. price: $86,785
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