Earlier this year a study by ISeeCars.com found that the Tesla Model X was the fastest-selling used vehicle, selling on average within 28 days of being listed.
Today ISeeCars published an update to their study, and while Tesla remains at the top of the rankings, the number one spot is no longer held by the Model X.
Instead, the fastest-selling used vehicle is now the Model Y, with the electric SUV taking just 24.9 days to sell. According to their findings, the Model Y has an average used selling price of $69,784 USD.
ISeeCars didn’t break down any differences between the Long Range or Performance variants, but that used selling price is roughly the same as a brand new Model Y Performance, which starts at $69,990 USD.
As expected, they attribute the high selling price and quick turnaround time to the record high levels of demand for Tesla vehicles.
The earliest delivery time for a new Tesla Model Y is January 2023 for the base model and August 2022 for the performance version, which is further elevating the demand for the used versions that just entered the used car marketplace,” said Executive Analyst Karl Brauer.
After previously holding the top spot, the Model X now sits in sixth place, selling on average within 28 days at a price of $90,089, well below the starting price of $120,990 for a new Dual Motor All-Wheel Drive Model X.
The Model 3 sells slightly quicker at 27.7 days on average at a price of $52,516, in between the current starting prices for the RWD and Long Range variants.
The only other electric vehicle to make the top 20 list was the Ford Mustang Mach-E, which took the third spot selling for $60,881 within 26.8 days.
Here are the full results of the ISeeCars study.
|Top 20 Fastest-Selling Used Vehicles in June 2022 – iSeeCars Study|
|Rank||Vehicle||Average Days to Sell||Average Price|
|1||Tesla Model Y||24.9||$69,784|
|2||Toyota Prius Prime||25.1||$31,867|
|3||Ford Mustang Mach-E||26.8||$60,881|
|5||Tesla Model 3||27.7||$52,216|
|6||Tesla Model X||28.0||$90,089|
|7||Mazda MAZDA3 Sedan||28.8||$24,890|
|9||Toyota Highlander Hybrid||32.3||$45,521|
|13||Ford F-150 Hybrid||33.0||$67,274|
|14||Honda Accord Hybrid||33.0||$31,122|
|17||Land Rover Range Rover Velar||34.0||$55,042|
|18||Toyota RAV4 Hybrid||35.0||$38,051|
|Average for All Used Vehicles||52.1||$34,629|