Lower-Priced Cars Sold Up to 20% Faster From First to Third Quarter

According to CNBC, Edmunds data showed that the time needed to sell vehicles priced from $20,000 to $29,999 fell 20% from the first quarter to the third, the largest acceleration among price segments. Vehicles priced from $30,000 to $39,999 sold about 18% faster, while sell times for those priced from $40,000 to $49,999 fell nearly 12%. The lower-priced tiers took fewer than 60 days to sell, while every segment above $50,000 took more than 60 days.