Top 10 Best-Selling Used Models in Q1
Among the many Top 10 lists Edmunds.com included in its first quarterly Used Car Market Report, the website highlighted the leading used models purchased at franchised dealerships as well as the most-researched units at its website during Q1.
So which used model was scooped up most by purchasers at franchised stores? It was the Honda Accord.
Edmunds.com listed the Top 10 used-vehicle purchases as follows:
1. Honda Accord
2. Honda Civic
3. Toyota Camry
4. Chevrolet Silverado 1500
5. Ford F-150
6. Nissan Altima
7. Toyota Corolla
8. Chevrolet Impala
9. Honda CR-V
10. BMW 3-Series
Not surprisingly, many of the top-selling used models were among the most-researched on Edmunds.com during the first quarter. That Top 10 list from Edmunds.com included:
1. Honda Civic
2. Honda Accord
3. BMW 3-Series
4. Toyota Camry
5. Ford F-150
6. Jeep Grand Cherokee
7. Honda CR-V
8. Toyota Corolla
9. Nissan Altima
10. Volkswagen Jetta
“The Top 10 most researched vehicles are typically dominated by economical vehicles. Trucks usually make both lists of their utility,” Edmunds.com analysts said. “The Civic moved up one spot on the purchased list, commensurate with its increased research by consumers.”
With its two popular sedans leading the researched and purchased lists, Edmunds.com also highlighted that Honda tied with Subaru as the brands with used models for shortest days to turn at franchised stores.
The site’s breakdown for Q1 settled this way:
Subaru: 33 days
Honda: 33 days
Toyota: 34 days
Acura: 34 days
Nissan: 35 days
Infiniti: 36 days
Lexus: 37 days
Mercedes-Benz: 39 days
Audi: 39 days
Volkswagen: 39 days
Jeep: 39 days
Hyundai: 39 days
Kia: 39 days
Industry Average: 40 days
BMW: 40 days
GMC: 41 days
Buick: 41 days
Ford: 41 days
Chevrolet: 41 days
Dodge: 42 days
Volvo: 42 days
Edmunds.com also offered analysis of the average days to turn at franchised dealerships by vehicle segment. While subcompact cars, compact cars, compact trucks, midsize SUVs and midsize cars turned the fastest, large crossover SUVs needed the most time to move off of dealer inventory.
The complete list for Q1 is as follows:
Subcompact Cars: 36 days
Compact Cars: 36 days
Compact Trucks: 36 days
Midsize Cars: 36 days
Midsize Traditional SUVs: 36 days
Premium Luxury SUVs: 37 days
Compact Crossover SUVs: 38 days
Midrange Luxury Cars: 39 days
Premium Luxury Cars: 39 days
Large Trucks: 39 days
Entry Luxury Cars: 40 days
Large Traditional SUVs: 40 days
Industry Average: 40 days
Midsize Crossover SUVs: 40 days
Large Cars: 40 days
Midrange Luxury SUVs: 40 days
Minivans: 40 days
Entry Luxury SUVs: 44 days
Entry Sport Cars: 45 days
Midrange Sport Cars: 47 days
Vans: 50 days
Large Crossover SUVs: 51 days
Continue the conversation with Auto Remarketing on both LinkedIn and Twitter.