Despite some pessimistic reporting earlier last month, July turned out to be a good recovery month for the auto industry. More than 1 million new vehicles were sold, and sales were up 4.7% from a year ago. Despite the rosy sales figures, the average time it took a model to sell increased slightly in July to 58.8 days from June's 58 days.
This month’s Movers and Losers list shows that many of the fastest-selling vehicles once again come from Hyundai. The 2012 Hyundai Elantra remained one of the fastest-selling volume vehicles in July, taking just six days to sell. You could say everything at Hyundai is a fast-seller: The 2012 Sonata and Tucson also took six days to sell. The new 2012 Hyundai Accent sedan (10 days) and hatchback (seven days) also sold like hotcakes. Overall, the Tucson, Accent, Sonata and Elantra represent roughly 80% of Hyundai’s sales for the month.
This month’s Losers list includes the addition of two hybrids — the 2011 Mercedes-Benz S400 Hybrid (159 days) and 2011 Chevrolet Tahoe Hybrid (150 days). The Toyota Yaris sedan (165 days) also merged on to the slow lane, though that model is due to be replaced.
July Cars.com Picks
About the Lists
The Movers and Losers list reports the average number of days it takes to sell models from the day they arrive on the lot until the final paperwork is signed by a buyer. This is not a days-of-inventory list like you may find on otherwebsites. We're now focusing on only 2011 and 2012 model years.
For Movers, we only list vehicles that pass a certain threshold of sales in order to weed out limited editions, ultra-high-performance cars and others that might skew the numbers or otherwise inaccurately portray popularity. For Losers, we have removed any threshold to reflect 2011 models that may have the greatest incentives.