The COVID-19 pandemic has caused ripples across manufacturing in most industries, and car production is no different. Availability of newly manufactured cars, and the consumer confidence required to buy them, has been in constant flux.
Certain vehicles are still rising to the top as demand outstrips supply and vehicles fly off of the dealership lots. iSeeCars.com has analyzed recent vehicle sales and put together a report on the vehicle sales in our market.
The Top 5 hottest models for the Houston market are no surprise. They are the Chevrolet Trailblazer, Kia Telluride, Kia Seltos, Honda CR-V Hybrid, and Hyundai Palisade. All of them are crossovers or SUVs that have been recently refreshed and are focused on providing extreme value to owners. The Kia Telluride and Hyundai Palisade, both are three-row SUVs based on the same platform, are in particular some of my top recommendations when I’m asked about buying a new SUV. Unfortunately, with how fast they are selling, you might not be able to negotiate much of a deal at the dealership.
The fastest selling used vehicles is a different story. The Tesla Model 3, BMW X6, Subaru BRZ, Toyota Yaris, and Honda Civic round out the top 5. With four of the five vehicles being cars, used buyers are likely looking for the lowest possible price while also buying cars from a reliable brand.
Right now, the average new car sits on the lot for 89.8 days in Houston whereas the average used car is sitting for only 45.9 days. With so much tumultuousness in the market, it’s hard for buyers to be certain if it’s better to buy new or used or even comparing one brand to another.
Many car dealers are offering test drives at your home or are taking extreme measures to clean cars at the dealership to try to make potential buyers more comfortable. There are deals to be had if you dig around, just don’t expect a deal on a hot new ride just because of the pandemic.