The average used car spends 46.4 days on a dealership’s lot before heading home with its new owner. However, a handful of used cars outpace the average in the wrong way, including the Cadillac XT5.
According to new research from iSeeCars, three of the top-ten slowest-selling used cars hail from General Motors. They are the Cadillac XT5, Buick Regal and Buick LaCrosse. From quickest to slowest, the XT5 comes in seventh place as it spends an average of 64.2 days on a lot. The Buick Regal places third after spending an average of 67.5 days sitting, followed by the Buick LaCrosse in second place. The full-size sedan spends an average of 67.6 days in a dealership’s inventory.
iSeeCars looked at four million used car sales between the 2015 and 2017 model years to produce the results.
In an explanation for why the Buick sedans and the XT5 perform poorly on used car lots, CEO Phong Ly said the shift to crossovers makes used sedans a tougher sell, while the XT5’s slow nature is likely due to buyer preference. Used car shoppers may look at used luxury crossovers from more established German brands.
Only one GM vehicle made the fastest-selling list of used cars: the Chevrolet Volt. Electric cars and hybrids remain some of the fastest-selling used cars due to their depreciation and the Volt lasts on dealer lots on average for just 34.3 days.
“The average price of a new Volt is $37,825, while a late-model used version is $19,481,” said Ly. “Even with federal incentives, a new Volt is still on the expensive end of the sedan segment, while a used model brings the price down to under $20,000 to appeal to a broader range of consumers.”
GM did not crack the top-ten list for fastest-selling used SUVs.
Looking at pickup trucks, GM trucks spend an average amount of time on a used car lot before heading to their new garage. The Chevrolet Silverado 1500 spends 51 days on average, the Colorado spends 52.5 days on average, the GMC Sierra 1500 spends 52.7 days on average, and the GMC Canyon spends an average of 53.7 says on a dealership lot. The average length of time for a light-duty pickup is 50.8 days.