In a recent study by iSeeCars, Toyota emerged as the fastest-selling new car brand from the date range of October 2023 to March 2024, with vehicles staying on the market for an average of 39.6 days. Alfa Romeo followed closely behind at 41.8 days, while Cadillac, Honda, and Jaguar also made it to the list of top-performing brands.
The study highlighted the value and desirability that fast-selling brands like Toyota and Honda offer to mainstream consumers looking for the best value for their money. On the other hand, luxury brands such as Alfa Romeo, Cadillac, and Jaguar catered to affluent buyers with limited supply and high demand for their models.
Conversely, some brands faced challenges in moving their inventory swiftly. Lincoln ranked as the slowest-selling new car company, taking an average of 82.6 days to sell, followed by Infiniti and Buick. The study also pointed out that new electric vehicles (EVs) took longer to sell compared to hybrids, with an average of 70.6 days on the market in March 2024.
Additionally, the report highlighted the fast-selling trends in the used car market, with used Hondas leading the pack at an average of 26.1 days on the lot. Lexus and Toyota also performed well in selling their used inventory quickly.
As for the top 10 selling cars of 2024 so far, the Honda Civic takes the 10th spot with 61,929 units sold, marking a significant 36% increase from the previous year. Following closely is the GMC Sierra at 68,597 units, offering a variety of models including the new Sierra EV. The Toyota Camry ranks eighth with 78,337 units sold, continuing its status as the best-selling sedan in America with a new hybrid model. The Ram Pickup, with 89,417 units sold, faces a sales dip but anticipates a facelift.
In the sixth spot is the Nissan Rogue with 90,804 units sold, and the Honda CR-V follows in fifth place with 95,038 units sold, showing a remarkable 41.3% increase over last year. The Tesla Model Y secures the fourth spot with an estimated 109,000 units sold, reflecting the demand for electric vehicles.
The Toyota RAV4 ranks third with 124,822 units sold, showing over 47% growth. The Chevrolet Silverado comes in second with 127,563 units sold, maintaining stable sales figures. Topping the list is the Ford F-Series with 152,943 units sold, continuing its longstanding dominance as America’s best-selling pickup truck. These top-selling vehicles offer diverse options for buyers and insights into market trends.
