10 Cars No One Wants to Buy Used in 2018
From the start of 2015 through the end of 2017, U.S. consumers bought over 50 million new vehicles. While that figure is difficult to digest, there’s one clear consequence: lots of gently used cars in dealerships and listed on local websites.
The thing is, not every vehicle has much of an audience on the used market. According to a September 10 report from iSeeCars, the quickest models to sell in 2018 have been hybrid and all-electric vehicles. (Toyota Prius C sold the fastest, in 29.6 days.)
At the bottom of the list, iSeeCars data showed some late-model (2015-17) used cars took over two months to sell. Here are the 10 models that no one wants to buy used this year — and could end up selling for much less than their value.
10. Lincoln MKX
Luxury SUV buyers may have been hooked by Lincoln’s ad campaigns in recent years, but that enthusiasm isn’t transferring to the used market. The MKX from the past three model years took an average of 62.2 days to sell between January and July of this year. Compared to the average vehicle (46.4 days), that’s an extra 16 days.
9. Ford Taurus
When you look at the cars people keep until they hit 200,000 miles (or longer), it’s normal to find the Ford Taurus on the list. Families have tended to buy this large sedan and keep it for the long haul. However, on the used market, it’s been taking a long time (62.6 days) to sell. Ford probably discontinued production of the Taurus at just the right time.
8. Mazda CX-9
While some used SUVs are selling in 37 days, the Mazda CX-9 is hanging around much longer. On average, sellers waited around 63 days before finding a buyer. iSeeCars Phong Ly had a theory as to why this has happened.
“While the CX-9 consistently earns favorable ratings, it’s a slow seller when purchased new likely because it’s one of the most expensive cars in its class,” Ly said.
7. Cadillac XT5
While Cadillac sales have been low in recent years, GM’s luxury brand did show some gains in the first half of 2018. However, that wasn’t the case with models like the XT5 on the used market. The crossover, which debuted as a 2017 model, took over 64 days to find a buyer.
6. Ford Flex
In the case of Ford Flex, the large SUV’s performance on the pre-owned market hasn’t been that different from its showing among new-car buyers. iSeeCars’ chief executive noted the pattern.
“The boxy Ford Flex has not been a strong seller for the automaker and its planned discontinuation for the 2020 model year shows that it doesn’t resonate with both new and used car shoppers,” Phong Ly said.
5. Land Rover Discovery Sport
If used-car buyers are looking for a bargain, they won’t find it in the Land Rover Discovery sport. iSeeCars data showed its average pre-owned price close to $37,000. That steep figure meant dealers and owners would be waiting a long time to find a buyer — 66 days, to be exact.
4. Porsche 911
You’re still looking at prices over six figures ($122,124 on average) to pick up a used Porsche 911. Right away, that limits the buyer pool to a select few. It probably won’t come as a surprise that it took 67.5 on average days to find a 911 buyer in 2018.
3. Buick LaCrosse
If you like classic luxury sedans, head straight to the used market. You’ll find these models depreciating upwards of 40% within three years, and sellers are likely to listen to negotiating. Otherwise, they’ll end up waiting over two months (67.5 days) to find a buyer for their Buick LaCrosse sitting on the lot. That’s three weeks longer than the average.
2. Buick Regal
The Buick Regal sedan had the problem for sellers on the pre-owned market. iSeeCars attributed some of this model’s struggles to the popularity of SUVs, but also noted “the perception that plagues Buick as being a vehicle for older buyers.”
Add it all up and you have a car that took 67.6 days to find a buyer. That’s more than twice the time it took for popular used models.
1. Porsche Cayenne
The crossover market may be hot, but some utility vehicles are sitting around for months before finding buyers on the pre-owned market. That’s been the fate of the Porsche Cayenne from model years 2015-17. While used EVs and hybrids have been snatched up in a month or less, this pricey ($61,136 on average) model has taken about 68 days to find a buyer in 2018.
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