Automotive data and research firm iSeeCars.com recently analyzed millions of new car sales to determine the vehicles and brands that owners give up within a year of purchasing the most often.
The firm found that only 3.4% of new vehicles are re-listed on the used market within a year of being sold, with the most frequently re-sold vehicles being luxury cars from German and British brands. This could be due to underestimating the purchase and/or running costs, or because wealthier buyers also replace their vehicles with more up-to-date models more frequently.
No General Motors vehicles made the top 10 ranking for the most frequently re-sold new vehicles and none of the automaker’s brands fell under the top 10 ranking for brands, either. Cadillac was in the top 20 ranking, with 3.8% of Cadillac buyers choosing to get rid of the vehicle after one year. This places it 16th on the brand ranking list, but some rivals were higher, such as BMW and Mercedes-Benz in first and third.
On the top 10 ranking for pickup trucks that are most frequently sold after one year of ownership, the GMC Canyon appeared fourth with 4.8% of buyers getting rid of it within one year, while the GMC Sierra 1500 was sixth at 4.6% and Chevrolet Colorado eighth at 4.1%. The Nissan Titan XD was the pickup sold most often after less than one year of ownership at 7.9%.
The Chevrolet Corvette, meanwhile, appeared in the sports car ranking, however there are only six cars in the category. The Chevrolet Corvette was third overall, with 6.4% of buyers choosing to sell it within one year after purchasing, while the Camaro performed the best, coming in last at just 6.1%. The most frequently re-sold sports car included in the ranking is the Nissan 370Z, with 7.8% of buyers giving it up after less than a year.
For this study, iSeeCars.com analyzed over 46 million individual new sales of vehicles from model years 2014-2017 that occurred between July 2013 through December 2018. It then used the vehicle’s VIN to see if it had been re-listed within four months to a year after it was first purchased.
You can read the full study at this link.