With new car manufacturing backed up, dealerships need to invest in quality used or certified pre-owned inventory. But keeping a car on the lot for a long period of time is expensive. So what are some of the fastest-selling used vehicles in 2022?

iSeeCars¹ studied used car sales in March 2022 to answer that question. They included model years from 2016 to 2020. 

The used car trends they found align with what experts have been saying all year. With the hike in gas prices, car buyers are turning to fuel-efficient vehicles. In the top ten fastest-selling used cars, there was only one gas vehicle. The rest were hybrids or fully electric. In fact, four of the top ten were Teslas. Hydrogen cars are also worth keeping an eye on as hydrogen fuel cell technology continues to develop. But for now, there are still several barriers preventing them from being a feasible option.

So hop in and let’s cruise through the top ten fastest-selling used cars in March 2022. This way you can buy used cars online and start stocking.

10. Ford Mustang Mach-E

Ford is positioning its Mustang Mach-E to be a staunch competitor to Tesla in the EV race. This car offers a smooth drive, a roomy interior, and an estimated range of 305 miles. 

Vehicle type: crossover

Engine type: electric

Drive type: rear-wheel drive

Average days on lot: 35.1

Average price: $58,984

9. Chevrolet Volt

The Chevrolet Volt was discontinued in 2019. But it’s still a strong plug-in hybrid option for consumers who may feel priced out of hybrid vehicles. 

Vehicle type: hatchback

Engine type: hybrid

Drive type: front-wheel drive

Average days on lot: 35

Average price: $23,026

8. Tesla Model 3

The Tesla Model 3 is the most affordable Tesla. It’s small, sleek, and averages 272 miles of range on a full charge.

Vehicle type: sedan

Engine type: electric

Drive type: rear-wheel drive

Average days on lot: 34.7

Average price: $49,394

7. Tesla Model S

The Tesla Model S is a sleek sedan with lots of cargo space. This high-performance electric vehicle boasts 405 miles of range on a full charge. 

Vehicle type: sedan

Engine type: electric

Drive type: all-wheel drive

Average days on lot: 34.4

Average price: $85,103

6. Mazda 3 Sedan

The Mazda 3 Sedan is a sleek compact car. This peppy little thing is the only fully gas vehicle to make the list. It’s also one of the best cars for teens.

Vehicle type: sedan

Engine type: gas

Drive type: front-wheel drive

Average days on lot: 34.3

Average price: $25,157

5. Toyota Prius Prime

The Toyota Prius Prime is known for its fuel efficiency. This powerful little hatchback gets a whopping 133 mpg because of its hybrid system. 

Vehicle type: hatchback

Engine type: hybrid

Drive type: front-wheel drive

Average days on lot: 32.8

Average price: $29,163

4. Tesla Model Y

The Tesla Model Y is their SUV. While it’s still a luxury electric car, the SUV model is safe, robust, and has lots of space. 

Vehicle type: SUV

Engine type: electric

Drive type: all-wheel drive

Average days on lot: 29.5

Average price: $65,949

3. Hyundai Ioniq Hybrid

The Hyundai Ioniq Hybrid is another affordable hybrid. Plus, the hatchback allows customers to haul more cargo than a sedan. 

Vehicle type: hatchback

Engine type: hybrid

Drive type: front-wheel drive

Average days on lot: 29.4

Average price: $24,098

2. Honda Insight

The Honda Insight is a reliable little sedan that’ll get you where you need to go. Plus, it’s yet another hybrid to round out the list. 

Vehicle type: sedan

Engine type: hybrid

Drive type: front-wheel drive

Average days on lot: 28.9

Average price: $26,853

1. Tesla Model X

The Tesla Model X wins the fastest-selling used car. This powerful electric crossover has a high price tag, but customers are willing to pay it. 

Vehicle type: mid-size luxury crossover

Engine type: electric

Drive type: all-wheel drive

Average days on lot: 28

Average price: $90,406

Stock Used Car Inventory That Sells Fast

While the fastest-selling used car model can fluctuate on a monthly basis, the trends remain. It’s clear that used hybrid or electric vehicles are in high demand and it’s as important as ever to source cars with great resale value. Between rising gas prices and new car prices, consumers are turning to used alternative-fuel vehicles. These are more affordable than their new counterparts, while still being efficient. 

Take this trend and car list into account as you stock your dealership’s inventory and start looking at online car auctions. We look forward to helping your dealership stay competitive in this evolving automotive industry! Start searching for these vehicles and more by registering for ACV Auctions.  

Sources

iSeeCars. “Fastest-Selling New and Used Cars in Today's Market” Retrieved May 2022 from https://www.iseecars.com/fastest-selling-cars-study

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