CARMEL, Ind. — NextGear Capital (div. Cox Automotive) has released its annual list of America’s most floorplanned new vehicles. Practical and affordable trucks and sedans dominated the list, analysts said, led by the nation’s bestselling new vehicles, the Ford F-150 and Chevrolet Silverado.
But SUVs and CUVs are gaining ground, analysts said, and sedans are holding their own in the used-car market.
“Millennials are some of the biggest used-vehicle consumers, and price often factors heavily into their purchasing decisions,” said Shane Pyne, NextGear Capital’s industry intelligence manager. “At the moment, used sedans are generally more affordable, making them an attractive choice for budget-minded car shoppers. Trucks remain a popular and practical choice for customers, putting them high on the list for dealers to stock as well.”
NextGear Capital’s “Top 10 Floor Planned Vehicles of 2018” are:
- Ford F-150
- Chevrolet Silverado
- Nissan Altima
- Toyota Camry
- Honda Accord
- Ford Fusion
- Honda Civic
- Toyota Corolla
- Jeep Wrangler
- GMC Sierra
The list was compiled based on an analysis of data from more than 20,000 independent dealers. It falls in line with data from Manheim, another Cox Automotive brand, analysts noted. While losing share in the new-car market, midsize sedans and compact cars outperformed the wholesale used-vehicle market last year in their value gains, a trend that has held through the first part of 2019, Manheim data shows.
Originally posted on Auto Dealer Today