(iSeeCars) – The microchip shortage continues to impact car sales as production interruptions have lowered the supply of new and used cars. Demand for new and used cars slowed slightly in October, as elevated car prices may have deterred consumers from buying a car until prices stabilize.
Analyzing over 250,000 new and used cars sold in October 2021, iSeeCars.com found that overall, the average new car takes 31.7 days to sell and the average used car takes 44.7 days to sell. Both new and used cars are selling slower than in September, where the average for new cars was 24.6 days and the average for used cars was 32.8 days.
Fastest-Selling New Cars by State
What were October’s fastest-selling new cars across the country? Here are the new vehicles in the highest demand by state: