Featured image: Motortrend
The quickest to sell used cars include three Tesla models, led by Model 3, suggesting that demand for the company's vehicles remains robust.
Demand for both new and used cars continues to recover from the COVID-19 pandemic, according to a recent analysis by iSeeCars.com. After analyzing over 4.4 million new and used cars sold between March and June 2020, iSeeCars.com found that it took an average of 68.9 days to sell a used car, up from 50.1 days before COVID-19.
iSeeCars has identified the top 10 fastest-selling used cars, which sell 1.3 times more quickly than the average used car. Tesla Model 3 takes the #1 spot, leading the pack. Model X is impressively just behind the Honda Civic, and Model S closes out the list, again just after a much cheaper car, the Toyota Corolla Hatchback.
The easiest to sell used car is the Tesla Model 3--adding to the sedan's growing accolades--with an average of 29.3 days to sell. “The Tesla Model 3, which was the automaker's least expensive vehicle, had the highest number of preorders of any car ever produced, and the long wait time helped further drive the high demand for the vehicle which has been sustained in the secondary marketplace,” said iSeeCars CEO Phong Ly.
Model 3 is joined by two other Tesla vehicles, the #6 Tesla Model X and the #10 Tesla Model S. The Model X is relatively new to the used car market and is experiencing increased demand. Tesla Model S is also in high demand due to its competitive price and excellent performance, especially in relation to its higher-end segment.
All Tesla models are stellar purchases, new or used (they also hold great resale value, by the way). And thanks to over-the-air software updates, the company's vehicles are rendered relevant--or even cutting edge--years beyond the production date.
About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.