17/05/2024

Top 25+ Fastest Selling Used Cars of 2024

When we talk about used car sales, we see a sure-shot trend. Certain models race off the lots almost as soon as they’re listed. This blog post will examine some of the factors contributing to used automobiles' unmatched appeal. We will also look at the leading competitors that are flying off the shelf and boosting their demand in the market.

Fast sales: Why are used cars so popular nowadays?

The demand for second-hand cars have increased a lot recently. This trend will possibly continue in the future as well. There are many reasons behind the amazing popularity of used automobiles. Together, they make such vehicles a preferred choice for consumers. Let us explore these reasons one by one.

1. Financial viability

Economic factors play a significant role in the appeal of used cars. The most immediate benefit is cost savings. New cars depreciate rapidly. They lose a significant portion of their value within the first few years of ownership.

Hence, it makes practical sense to go for a used car

With this decision, buyers can avoid this steep depreciation. Plus, they can purchase a superior quality vehicle at a much lower price. This cost-effectiveness extends beyond the initial purchase price. You will discover that insurance premiums for used cars are generally lower. This brings downs the overall ownership costs.

2. Amazing reliability

In addition to financial benefits, you get one more advantage. Japanese used automobiles are known for their exceptional quality and dependability worldwide. Automotive technology has advanced a lot. As a result, you will come across modern cars built to last long. You will see that they perform better over time.

Many used cars on the market today are still in excellent condition. They have been well-maintained by their previous owners. In countries like Japan, authorities go for stringent vehicle inspection. Such regulations ensure that used cars are kept in top-notch condition. As a result, buyers can get a lot of dependable options in second hand cars.

3. Ecologically better choice

The environmental impact of used cars is another good point in favor of second-hand cars. When you go for a pre-owned vehicle, it becomes a sustainable choice. This is because it extends the lifecycle of the car. Also, this approach decreases the demand for new car production.

This reduction in manufacturing demand is a boon. It helps lower the environmental footprint associated with the production of new vehicles. This action aligns with the growing consumer trend towards eco-conscious living.

4. Tech advancement

The convenience of the modern used car market also enhances its status. Online platforms like Bizupon add an incredible degree of trust and convenience. As a result, you get to easily access detailed information about used cars. You can easily find out facts like vehicle histories, prices, and reviews from previous owners. This transparency empowers buyers to make informed decisions. It also helps propel their confidence in opting for pre-owned vehicles.

5. Sheer variety

In used cars, you will be pleasantly surprised at the sheer variety available online. Such a range available in the used car market is unparalleled. From economy cars to luxury vehicles, you get it all. The broad array of options makes certain that there is something to meet every budget and preference. This diversity allows consumers to find specific models with desired features. They might not get these if they were to buy it new.

25+ Fastest Selling Used Cars

Car Model Avg. Days On Market Avg. Price
Lexus RX 350h 12.3 $57,229
Lexus NX 350h 15.8 $44,419
Lexus NX 250 19.8 $38,772
Kia Niro Hybrid 20.0 $24,276
Lexus IS 500 21.4 $59,489
Toyota Corolla 22.8 $23,016
Honda HR-V 34.4 $24,496
Acura ILX 35.3 $26,091
Toyota Highlander Hybrid 36.6 $42,119
Acura RDX 36.8 $35,864
Hyundai Venue 38.3 $24,567
Honda CR-V 38.5 $28,660
Honda Civic 38.8 $24,619
Toyota C-HR 38.9 $23,462
Toyota Sienna Hybrid 39.1 $44,233
Toyota Tundra 39.1 $45,110
GMC Yukon 39.4 $56,637
Kia Telluride 39.7 $39,838
Acura TLX 39.8 $32,380
Honda Pilot 39.9 $34,749
Chevrolet Corvette 39.9 $82,574
Acura MDX 40.4 $38,279
Honda Accord 40.4 $38,279
Cadillac Escalade ESV 40.5 $66,332
Toyota 4Runner 40.7 $40,851

Which are the Bestselling Brands for Used Cars?

1. Honda- Reliability and Global Expansion

Honda was founded in 1948. It is a car brand that has consistently pushed boundaries. Many automakers focused on their home markets. However, Honda looked outward.

It began selling motorbikes in the United States in the late 1950s. Then it rapidly moved into the car market. It introduced the Civic in 1974. This was the first vehicle to satisfy the strict emissions regulations of the US Clean Air Act.

Plus, it was the first foreign brand to make cars profitably in the US. Honda had an aggressive early globalization plan. This included Southeast Asia and other countries. This made it a true global player. Today, Honda remains a reliable choice for pre-owned cars. Its cars are known for agile handling. You can rely on them for fuel efficiency and a commitment to innovation.

Top 5 Best Selling Used Honda Cars

Car Model Avg. Days On Market Avg. Price
Honda HRV-V 34.4 $24,496
Honda CR-V 38.5 $28,660
Honda Civic 38.8 $24,619
Honda Pilot 39.9 $34,749
Honda Accord 40.4 $38,279

2. Lexus- Luxury and Dependability

Lexus is Toyota’s luxury division. It has consistently ranked as one of the most reliable car brands globally. Its used cars blend luxury and dependability. The Lexus RX 350h is a hybrid SUV. It emerged as the fastest-selling one- to five-year-old secondhand vehicle in America. It has spent an average of just 12.3 days on the market. Lexus vehicles offer a blend of power and space.

You can be assured of phenomenal value and amazing drive refinement. The brand’s reputation for quality and comfort makes it a sought-after choice in the used car market.

Top 5 Best Selling Used Lexus Cars

Car Model Avg. Days On Market Avg. Price
Lexus RX 350h 12.3 $57,229
Lexus NX 350h 15.8 $44,419
Lexus NX 250 19.8 $38,772
Lexus IS 500 21.4 $59,489
Lexus NX 350 21.6 $43,328

3. Toyota- Unmatched Reliability and Global Dominance

Founded in 1937, Toyota has emerged as the world’s most valuable auto brand. It is often ranked in the top five global carmakers for metrics like market share and overall sales. The company constantly strives for innovation and quality.

Its global outlook began early, with founder Kiichiro Toyoda emphasizing international expansion. Toyota was the first Japanese company to produce cars in China. It has also got remarkable success in India, Southeast Asia, and other regions. It has a reputation for reliability and fuel efficiency. Its emphasis on safety continues to attract buyers globally.

Top 5 Best Selling Used Toyota Cars

Car Model Avg. Days On Market Avg. Price
Toyota Corolla 22.8 $23,016
Toyota Highlander Hybrid 36.6 $42,119
Toyota C-HR 38.9 $23,462
Toyota Sienna Hybrid 39.1 $44,233
Toyota Tundra 39.1 $45,110

4. Acura- An Epitome of Finesse

Acura is Honda’s luxury car brand. It entered the U.S. market in the 1980s as the first Japanese premium brand. Acura vehicles offer agile handling and supple suspensions. Their engines boast of balance in power and economy.

Popular Acura SUVs like the MDX and RDX provide added space and a higher seating position. The MDX, with three rows of seating, includes a fuel-efficient hybrid model. Acura models excel in performance and reliability. It is a strong contender in the luxury segment for second hand cars. This appeals to those seeking a blend of practicality and sophistication.

Top 5 Best Selling Used Acura Cars

Car Model Avg. Days On Market Avg. Price
Acura ILX 35.3 $26,091
Acura RDX 36.8 $35,864
Acura TLX 39.8 $32,380
Acura MDX 40.4 $38,279
Acura NSX 41.4 $109,999

5. Tesla- Electric Revolution and High Demand

Tesla was founded in 2003. It has radically transformed the auto industry with its electric vehicles. It produces the Model X, Model Y, Model S, and Model 3. They have come across as the fastest-selling used cars. The Model X, with an average of 28.0 days to sell, boasts a high average price.

Tesla’s aggressive early globalization strategy blends with long waitlists for new models. This elevates the demand for used Teslas. As EVs gain popularity, Tesla continues to lead the electric revolution.

Best Selling Used Tesla Cars

Car Model Avg. Days On Market Avg. Price
Tesla Model 3 33.7 $25,990
Tesal Model X 34.8 $32,995
Tesla Model S 35.0 $21,450
Tesla Model Y 35.2 $33,390

These brands offer a mix of reliability and luxury. They are the pinnacle of innovation and performance. This makes them top choices for used car buyers. If you seek quality and value, these choices will be worth it. You may yearn for fuel efficiency or cutting-edge technology. Others may want spacious interiors. In all such scenarios, you ought to check used cars from these brands.

Tips to Select a Quality Used Car

Now you know which brands rule the market when it comes to second-hand vehicles.

You may find this section useful if you want to buy a pre-owned vehicle. Here, we will go over some helpful advice to remember when you are ready to purchase a used car.

1. Research is critical

This is a mission-critical step. You need to know and understand the different types of cars available in your chosen category. For this, you can research various models and brands. Doing so will help to identify the ones that align with your preferences and budget.

Now that you have a good idea about the possible choices to go with, spend time with individual models. You can look for expert reviews and user feedback. Some third-party publications also offer helpful reliability ratings. This will give you data on benefits and common issues associated with specific models. Knowing this will help you avoid surprises later.

2. A test drive is preferable

You can go for physical test drive whenever possible. With the rise of tech platforms, you can no conduct a test drive virtually as well. Try as much as possible to sit behind the wheels and get a feel of the overall drive experience. The in-person test drive will provide guidance on many points. You can experience first-hand how the car handles. You can also see if you are comfortable with the steering and braking.

The objective here is to check the ride quality. Does the engine make weird sounds? Is the drive comfortable? Are there any issues that you note while driving? Answers to these questions will help narrow down your choice further.

3. Compare the features

You can look at various listings and then compare the models. You need to focus on safety ratings and car’s features. Also please check for variations in pricing and mileage of the various cars you are interested in.

4. Inspection is a must

Next, you must carefully inspect the vehicle for signs of scratches or dents. In case of online purchase of the second-hand car, ask the platform to provide specific photos (interiors, exteriors, or engine). Lastly, ask the expert to share details on title issues and odometer discrepancies

Final Verdict - Fastest Selling Used Cars

In summary, the popularity of used cars today is driven by their economic advantages. The phenomenal quality and reliability of Japanese used cars also make them a feasible choice worth investing it. The rise of online platforms like Bizupon too has played a huge role in amplifying the popularity of used cars.

These factors make used cars a practical and appealing choice for many consumers. You can pick from any of these best-selling brands listed above. This way, you will get a chance to own a vehicle that meets your distinct needs and preferences without breaking the bank.

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