After spending most of 2021 at or near the top of the iSeeCar’s monthly list of Fastest-Selling New Cars, the Chevrolet Corvette failed to crack the Top 20 for new cars in June 2021. Taking the top spot with a 9.5 average days to sell is the Toyota Rav 4 followed by the Kia Telluride at 10.5 days and the Toyota Tacoma rounds out the top three with 10.6 days.
The failure of the Corvette to make the June list is probably attributed to the extended shutdowns that closed the plant for three out of four weeks in May and early June combined with what seems like more dealers trying to sell available Corvettes for huge dollars over MSRP. But that’s just our take.
We also note that the Mercedes-Benz G-Class which dethroned the Corvette from the top spot in May also failed to make the Top 20 for June.
The study by iSeeCars analyzes over one million new and used cars sold in June 2021 and found the average new car takes 41.7 days to sell while the average used car takes 34.5 days to sell. The time to sell new cars has improved by nearly seven days versus the May average of 47.1 days.
“The microchip shortage continues to impact new and used car sales as production interruptions lower the new car and used car supply and dealers are forced to maintain tight inventory levels,” said iSeeCars Executive Analyst Karl Brauer. “Full-size SUVs have been in high demand since the beginning of the year, and while that trend has continued, we’re also seeing newly introduced alternative-fuel vehicles in high demand.”
The Chevrolet Corvette does make an appearance on the list of Top 20 Fastest Selling Used Vehicles for June 2021, coming in at No.9 with 24.2 average days to sell while the average price for pre-owned Corvettes is $75,407. The average time to sell is down from May’s 21.8 days but the good news is that the prices increased by nearly 1% over May’s $74,773 figure.
“Car buyers who are making a new or used car purchase might have difficulty finding the most in-demand vehicles, and may end up paying a premium for them in the used car marketplace,” said Brauer. “Vehicle inventory is expected to remain tight for the remainder of the year, so consumers who are in the market for one of these fast sellers will need to act quickly when they see their target car for sale.”
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