A new study conducted by researchers at iSeeCars.com concludes that the fastest-selling used crossovers in the United States are the Mitsubishi Outlander and Mitsubishi Eclipse Cross. The Outlander sells three times faster than the industry average.
The study analyzed over 900,000 new and used cars sold in September 2021. Researchers found that overall, the average new car takes 24.6 days to sell and the average used car takes 32.8 days to sell. The study also noted that new and used cars are selling faster than in August, where the average for new cars was 26 days to sell and the average for used cars was 34.6 days.
“The microchip shortage is showing no sign of resolution as major automakers continue to halt production, leading to lower and sometimes scarce inventory levels,” said iSeeCars Executive Analyst Karl Brauer. “Car buyers are willing to pay over MSRP for new cars and highly-elevated used car prices because they have embraced the reality that inventory shortages are here to stay for the next several months.”
In addition to being the fastest-selling crossover, the Outlander was also the fastest-selling affordable vehicle with an average used price of $20,849. By contrast, the top-selling vehicle overall, the Tesla Model 3, has an average used cost of more than double that at $47,453.
The affordable Mitsubishi Mirage also sells much faster than average. “The Mitsubishi Mirage and the Hyundai Accent are two of the lowest-cost used cars on the market, and appeal to practical buyers who want low-cost transportation,” said Brauer.
For more details on the iSeeCars.com study, please visit the group’s study summary page.
John Goreham is a long-time New England Motor Press Association member and recovering engineer. John's interest in EVs goes back to 1990 when he designed the thermal control system for an EV battery as part of an academic team. After earning his mechanical engineering degree, John completed a marketing program at Northeastern University and worked with automotive component manufacturers, in the semiconductor industry, and in biotech. In addition to Torque News, John's work has appeared in print in dozens of American news outlets and he provides reviews to many vehicle shopping sites. You can follow John on TikTok @ToknCars, on Twitter, and view his credentials at Linkedin
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