You will likely pay a premium to obtain one of the 20 pre-owned vehicles that spend the least amount of time on a dealer’s lot.
... [+]These are not the best of times to go out shopping for a used car. Pre-owned inventories have gotten razor-thin just at the time demand—and transaction prices—are especially high. This has a lot to do with new-vehicle production slowdowns as a result of the ongoing microchip shortages and other factors.
While there are signs that the used-car market is just beginning to stabilize, you’ll still need to be extra diligent to find a used vehicle that meets your needs and remains within your budget. The latter is the more difficult factor these days, as we’ve seen five-year old pre-owned models selling for nearly as much, if not more, now than when they were new. Some recent-vintage rides are even selling for more money than their showroom-fresh counterparts.
Just as you won’t be able to strike much of any kind of deal on a new car, truck, or SUV that’s in especially short supply, the fastest selling used models tend to command higher than average out-the-door prices. just compiled their list of the fastest selling used vehicles in July, based on an analysis of over 1 million transactions conducted last month.
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