These 15 used cars saw the steepest drops in sales when the coronavirus pandemic hit, according to the data
Car search engine and automotive research firm iSeeCars.com compiled a list of 15 used cars with the largest decrease in sales between February and March as the coronavirus pandemic spread across the US.
The used Tesla Model 3 tops the list with a 24.2% decrease in sales between February and March.
In February, 71.5% of used Model 3s were sold within the first 30 days of being listed, but by March, this number dropped to 47.4%.
Car search engine and automotive research firm iSeeCars.com has listed 15 used cars with the largest decrease in sales between Februrary and March as the coronavirus pandemic spread across the US.
Most of the vehicles on the list fall under two categories: "alternative fuel vehicles" or SUVS, not including one minivan and two compact cars.
This includes the Tesla Model 3, which tops the list with a decrease in sales to the tune of 24.2%. In Februrary, 71.5% of used Model 3s were sold within the first 30 days of being listed. By March, this number dropped to 47.4%.
"Overall car sales have plummeted as a result of stay-at-home orders and the economic downturn," iSeeCars CEO Phong Ly said. "But for those fortunate enough to be able to make a car purchase, now is an opportune time as dealers increasingly need to move inventory, and these slow-selling models could present great deals."
iSeeCars tracked over 1.8 million used cars that were listed between February 1 and March 18 to compile the data for the study. The percentage of every car model sold by or before the 30-day mark of being listed was then calculated. However, vehicles discontinued before 2020, heavy-duty vehicles, and "low-volume" cars were not included in the study.
Keep scrolling to see the 15 vehicles on the list:
15. Honda CR-V: -15.7%
Honda
In February, 57.8% of used CR-Vs were sold within 30 days of being listed. However, this dropped to 42.1% by March.
14. Honda Odyssey: -15.8%
February saw used Odyssey sales to the tune of 63.4% of the inventory within 30 days of being listed, although this dropped to 47.6% in March.
13. Honda Civic: -15.9%
Honda
The third used Honda on the list saw 65.1% of its cars sold within 30 days of being listed. This dropped 15.9% to only 49.1% of sales by 30 days in March.
12. Toyota Highlander: -16.1%
Toyota
About 64.1% of used Highlanders were sold in February within 30 days of being listed, which then dropped to 47.9% in the next month.
11. Honda Pilot: -16.2%
Hollis Johnson/Business Insider
About 59.7% of the used Honda Pilots were sold within 30 days of being listed in February. This dropped to 43.4% in March.
10. Honda HR-V: -16.6%
Honda
February saw 53% of its used Honda HR-Vs sold within 30 days of being listed. March, however, only saw 36.4%.
9. Lexus GX 460: -16.7%
Lexus
In February, 58.4% of used GX 460s — the only Lexus on the list — were sold within the first 30 days of being listed. In March, this decreased to 41.7%.
8. Toyota C-HR: -16.8%
Toyota
February and March saw 54% and 37.2%, respectively, of used C-HRs sold within 30 days of being listed.
7. Toyota RAV4: -16.8%
Toyota
In February, 60% of listed and used RAV4s were sold within 30 days. This dropped 16.8% to 43.2% by the next month.
6. Chevrolet Spark: -17.1%
Chevrolet
Used Chevy Spark's sales — before hitting the 30-day listing mark – dropped 17.1% between February and March. It started at 62.6% in February, and ended with 45.4% in March.
"With a low starting price and a long list of standard features, the Chevrolet Spark is a good value for those looking for a small car," Ly said. "Consumers looking for a used version can likely get a great deal on the already affordable vehicle."
5. Tesla Model X: -17.5%
About 57.9% of used Model X's were sold within 30 days of being listed in February. This, of course, dropped to 40.4% by next month.
Ly notes that the Model X is the priciest vehicle on the list, averaging at around $70,162 for the "three-year-old versions." However, this decrease in sales could be because the less expensive Model Y — which starts at $52,990 — started deliveries in March.
4. Mitsubishi Eclipse Cross: -19.0%
Mitsubishi
In February, 53.9% of used Eclipse Cross' were sold within 30 days of being listed. This then dropped 19% to just 34.9% by March.
Ly calls the Mitsubishi Eclipse Cross one of the most inexpensive compact SUVs.
3. Volkswagen Atlas: -19.4%
Volkswagen
Used Volkswagen Atlas' saw a 19.4% drop in sales: 64.7% were sold within 30 days of being listed in February, while about 45.3% were sold in March.
Ly described the Atlas as "among the best SUVs for families thanks to its cargo space and safety ratings."
2. Toyota RAV4 Hybrid: -20.9%
About 62.2% of used RAV4 Hybrids were sold within 30 days of listing in February, although this dropped to 41.3% in March.
"The Toyota RAV4 Hybrid saw supply shortages in 2019 due to its popularity," Ly said.
1. Tesla Model 3: -24.2%
Hollis Johnson/Business Insider
The used Model 3 took the biggest hit during the coronavirus pandemic. Sales dropped 24.2% from February's 71.5% within 30 days of being listed to March's 47.4%.
"The Tesla Model 3 is typically in very high demand, and as a result, it is the used car with the best resale value," Ly said. "However, because they are lingering on lots now is the time when dealers may offer more deals than usual."
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