As used car prices increase across the United States, the family-owned and family-operated Kelly MotorCars has experienced a spike in demand for alternative fuel vehicles, which is in line with the national trend.
According to research from the automotive firm iSeeCars, used car prices spiked 6.3% from April to May. Much of this increase can be attributed to the microchip shortage and a decrease in new car inventory by 15.7% from April to May. The experts at iSeeCars analyzed 1.3 million used and new car sales to determine the vehicles that are in the greatest demand. The report discovered that used cars took an average of 34.7 days to sell; while new cars took a bit longer at 47.1 days. More so, iSeeCars reported that the days to sell are going down; while new and used vehicle prices are moving upward. Based on
In line with the research, Kelly MotorCars is seeing a significant uptick in demand for different alternative fuel vehicles, such as the Tesla Model 3, Honda Insight, Toyota Highlander Hybrid, Honda Clarity Plug-In Hybrid, Toyota RAV4 Hybrid, Chrysler Pacifica Hybrid, and Kia Prius. In fact, the top-selling used vehicle in the entire Philadelphia, PA metro area is the Tesla Model 3— taking a mere 16.5 days to sell. On the other hand, the Toyota Highlander Hybrid is the top new vehicle in Pittsburgh, requiring only 9 days to sell. Across the country in Portland, Oregon, the Nissan LEAF is the best-selling used vehicle, and it takes an average of 14 days to sell. And a little north in New York, NY, the Tesla Model 3 is the top-selling used vehicle, needing an average of 14.7 days to sell. All of these metrics substantiate what’s happening with the high demand for alternative fuel vehicles at Kelly MotorCars.
Experts at the dealership explain that the vehicle shortage coupled with increasing fuel prices is prompting buyers to reconsider the feasibility of hybrid, electric, and other types of alternative fuel vehicles. At the same time, the further development of the transportation infrastructure for alternative fuel vehicles is encouraging buyers who may have been reluctant to sever the fuel pump. To meet this demand, the customer-centric dealership offers one of the area’s largest and most robust inventory of different types of alternative fuel vehicles. At Kelly MotorCars, the inventory regularly includes used hybrid electric vehicles (HEV), pre-owned plug-in hybrid electric vehicles (PHEV), electric vehicles (EV), flexible fuel vehicles, and more. And in the event Kelly Motorcars doesn’t have the alternative fuel vehicle the buyer is looking for, they boast a vibrant ownership base and the ability to find the exact vehicle the buyer desires.