iSeeCars has posted a report on on “days to sell” as a means to gauge the balance of supply and demand for individual vehicles.
Below are the 6 slowest selling cars, and the top 3 have already been cancelled. (Which means they're not representative of sales for a current model.)The average number of days to sell across the industry in January was 46, which is within the normal range. Among the fastest selling cars in America, it was as low as 10 days.
That means the number 6 position is even worse than it looks for the G4. It's actually the slowest selling current car (as opposed to current crossover & van in the previous 2 slots).
The G4 sits on lots over twice as long as the average new vehicle. Is it incentive time, Mitsubishi?
- Ford Fusion Hybrid (CANCELLED)
Avg. days to sell: 179.7- Ford Fusion (CANCELLED)
Avg. days to sell: 157.7- Honda Fit (CANCELLED)
Avg. days to sell: 113.1- Kia Sedona
Avg. days to sell: 102.9- Chevrolet Trax
Avg. days to sell: 102.1- Mitsubishi Mirage G4
Avg. days to sell: 97.1
See the full list, slowest selling 20 vehicles: https://247wallst.com/special-report...elling-new-car
Mitsu Canada dropped the G4 after only 2 years of slow sales. I wonder if the U.S. is next.