Car search engine and automotive research firm iSeeCars.com has created a list of 20 cars that have the highest 2019 model year inventory still left unsold.
New car sales have decreased significantly since the start of the coronavirus pandemic, leaving car dealerships with a surplus of vehicles from the 2019 model year. About 10.8% of cars from the 2019 model year are still unsold.
However, this percentage is small compared to vehicles like the Dodge Grand Caravan, which has over 66.3% of its 2019 inventory still unsold at car dealerships.
"A surplus of vehicles from the 2019 model year might remain on dealer lots because a car's popularity is declining because car buyers want to wait for an upcoming redesign, or because dealers simply have too much inventory," iSeeCars CEO Phong Ly said. "Automakers might also have a higher proportion of 2019 vehicles because production has been interrupted for 2020 vehicles due to the COVID-19 pandemic."
According to Ly, some of the most "significant" deals on cars can now be found in the 2019 inventory, especially because production for several 2020 model year vehicles has been halted because of the pandemic.
iSeeCars analyzed over 1 million new cars that were listed as of May 8 to compile its list of 20 cars from the 2019 model year that has the highest inventory. Heavy-duty trucks, low volume vehicles, and cars that halted production after the 2019 model year were not included in the study.
Of iSeeCar's list of 20, six are SUVs. However, the compilation has a mix of vehicle types, including trucks like the Ford Ranger, and sports cars like the Dodge Challenger.
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