Cadillac XT5, Buick Sedans Among Slowest-Selling Used Cars
3
Sponsored Links
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.
- Sweepstakes Of The Month: Win a 2023 Corvette Z06 Convertible. Details here.
Sponsored Links
My “14” regal turbo is the best car I’ve owned in a long time.bought it with 5000 miles on it and it hasn’t disappointed.great pickup and handling! I’m surprised,but hey.i’m going to buy the “18” regal when I finish with this in acouple of years..
I have driven GM products for over 50 years and have always admired their beauity. For the past four or five years our GM products have been plain ugly. The exception might be the Malibu. I look at Ford or some foreign cars and can admire their beautiful lines, then look at the GM and am amazed how plain they look. My 2016 Silverado has over 90,000 miles and I am considering trading to another brand. GM still has the interstate shake and a 8 speed transmission that studders and slams on acceleration from a stop, they don’t fix these problems just make excuses. GM needs to step up or I’m gone. The last few years are lost, but it’s not to late for GM to design a beautiful vehicle.
Because you don’t hear anyone saying ‘Omg, that Buick, or Cadillac will easily last you 300,000 miles’!!! A Toyota or Honda will easily do so with little to no problems mechanically.