Cars have become essential in nearly every U.S. city. America’s preference for larger vehicles is evident, with SUVs or trucks comprising 9 out of the top 10 best-selling cars. However, these gas-guzzlers are not the most fuel efficient, and this trend has intensified the focus on gas mileage, especially as fuel prices rise. Amidst this backdrop, Tesla has become a major force in the automobile industry, with many looking for more sustainable ways to travel. But what types of cars are most Americans choosing?
With an average new car price of $43,205, it is no surprise that used car sales are on the rise, while new car sales are in decline. In fact, new car sales sold roughly 25% slower in 2023 than they had the year before. These cars took an average of 48.2 days to sell, while in 2022, they only took an average of 38.4 days to move.
Based on iSeeCars’ The Fastest- and Slowest-Selling New and Used Cars in Today’s Market, 24/7 Wall St. researched the most in-demand vehicles in the United States. The report reviewed around 228,000 car sales from July of 2023. It further analyzed the number of days that each model was listed before purchase. The top 20 selling cars were listed anywhere from nine to 25 days. Of these most popular models, 14 are SUVS, four are compact cars, and two are minivans. Prices range from $23,867 to $149,241.
Despite the fact that electric vehicles are among the slowest-selling, hybrids are some of the fastest to move off the lot. In fact, six hybrid vehicles are in the top 20 sellers. In terms of brand, Toyota reigns king as one of the most dependable car brands in America. The Japanese car brand accounts for nine of the 20 most popular models.
Why We Are Writing About the Hottest Selling Cars
In the midst of current economic issues, interest in buying cars has plummeted to an all-time low, as many Americans cannot afford to buy a vehicle, whether used or new. Due to tight finances, Americans are holding onto their cars longer than ever. However, when they are in the market for wheels, many are sticking with used, more affordable modes of transportation.
20. Toyota RAV4 Hybrid
The Toyota RAV 4 Hybrid took an average of 25.2 days to sell. It sold for an average price of $39,649.
19. Kia Carnival
The Kia Carnival took an average of 25.0 days to sell. It sold for an average price of $40,350.
18. Toyota Corolla Cross Hybrid
The Toyota Corolla Cross Hybrid took an average of 24.9 days to sell. It sold for an average price of $33,785.
17. Toyota Camry
The Toyota Camry took an average of 24.9 days to sell. It sold for an average price of $32,719.
16. Toyota Camry Hybrid
The Toyota Camry Hybrid took an average of 24.8 days to sell. It sold for an average price of $35,578.
15. GMC Yukon XL
The GMC Yukon XL took an average of 24.7 days to sell. It sold for an average price of $86,673.
14. Cadillac Escalade
The Cadillac Escalade took an average of 23.5 days to sell. It sold for an average price of $109,155.
13. Toyota Sequoia
The Toyota Sequoia took an average of 23.5 days to sell. It sold for an average price of $79,030.
12. Chevrolet Tahoe
The Chevrolet Tahoe took an average of 23.1 days to sell. It sold for an average price of $72,806.
11. Subaru Forester
The Subaru Forester took an average of 23.0 days to sell. It sold for an average price of $35,562.
10. Toyota Sienna (hybrid)
The Toyota Sienna Hybrid took an average of 22.9 days to sell. It sold for an average price of $51,170.
9. Toyota Corolla
The Toyota Corolla took an average of 22.6 days to sell. It sold for an average price of $24,819.
8. BMW X1
The BMW X1 took an average of 22.1 days to sell. It sold for an average price of $46,310.
7. Subaru Crosstrek
The Subaru Crosstrek took an average of 21.8 days to sell. It sold for an average price of $31,250.
6. Kia Forte
The Kia Forte took an average of 21.0 days to sell. It sold for an average price of $23,867.
5. Lexus NX 350h
The Lexus NX 350h took an average of 19.7 days to sell. It sold for an average price of $51,510.
4. GMC Yukon
The GMC Yukon took an average of 19.7 days to sell. It sold for an average price of $82,342.
3. Toyota Grand Highlander
The Toyota Grand Highlander took an average of 10.7 days to sell. It sold for an average price of $53,705.
2. Land Rover Range Rover
The Land Rover Range Rover took an average of 10.4 days to sell. It sold for an average price of $149,241.
1. Toyota Grand Highlander Hybrid
The Toyota Grand Highlander Hybrid took an average of 9.2 days to sell. It sold for an average price of $56,396.
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