Guess Which Used Truck Is the Fastest-Selling And which is The Slowest Selling (Answers Here)
Contributing Writer, GM-Trucks.com
The hard-working research team over at iSeeCars has completed a new study. This new one doesn't use the easiest to understand metrics, but the conclusion is pretty clear. Among all vehicles being promoted by manufacturers this holiday season, trucks are among those with the lowest incentives. What the group looked for this time were models that had the highest number of advertised deals that took 5% or more off of the sale price of the vehicle. In other words, how many deals are out there, not necessarily the best deal with the single most savings. Many deals are regional and iSeeCars included used cars in this analysis of over 2.4 million sales transactions.
The average percentage of listings that offer a deal that takes 5% or more off the price of a vehicle this time of year is 40.5%. That means about 4 out of ten vehicles are already being discounted before a shopper arrives. iSeeCars looked at how a given model varied from that average. In other words, is a model more or less likely to be a model with a deal.
The top model for deals is the outgoing BMW 3 Series. The lucky auto writers who cover that model are on planes as we type this story headed to the new 3 Series launch. BMW and used car dealers is trying to get rid of the older series ahead of the new. The Mercedes E-Class and the Audi A4 are also being heavily advertised with deals. “The growth in popularity of auto leases in recent years has led to an influx of these often-leased luxury vehicles in the used car marketplace after their lease terms end,” said Phong Ly XCEO of iSeeCars.
Among all types of vehicles, trucks have the least number of deals. The Silverado is among the vehicles with the lowest number of deals overall. If you think about the state of the truck market now, this seems to make sense. The Ram, Silverado, and Sierra are all new for this season.
The full study can be found here.
Contributing Writer, GM-Trucks.com
The 2014 Chevy Malibu sedan and Equinox crossover are near the top of the list of popular high-depreciation cars in a study done by iSeeCars.com. The Malibu's depreciation is 1.23-times greater than the average for vehicles in general. The study finds that the average price of a 2014 Malibu is just $14,622, reflecting a 43% depreciation over just three years. The Equinox is not far behind the Malibu with an average price of just $17,200, reflecting a 41% depreciation over three years. These are cars still under the original GM warranty.
Even more incredible is the deal that shoppers of used Cadillac CTS sedans should expect. After just three years, the CTS is worth less than half its original value. iSeeCars pegs the average 2014 CTS price at just $27,537. That is a whopping 52% depreciation rate reflecting a depreciation that is about one and a half times that of the average vehicle.
Silverado and Sierra both hold their value better than the industry average. After three years, they have depreciated roughly 29% compared to the average of about 35%. See the full study at this link.
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