Sales of used cars and trucks have maintained their momentum in 2022 thanks to a shortage of new cars, which has continued for most of the year. Unsurprisingly, trucks and SUVs occupy eight of the top ten spots on the list, while the share of cars has slightly decreased. However, according to a survey completed by iSeeCars, there are some noteworthy changes in the ratings.
The Ford F-150 reigns supreme, staying ahead of its closest competitor, the Chevrolet Silverado. Staying in third place, Ram followed. Together, the three trucks account for more than eight percent of the market, proving truck sales remain strong.
Chevy Equinox took fourth place, followed by the Honda Civic, Toyota Camry and Toyota RAV4. Compact crossovers also occupy the next two places, with the Nissan Rogue in eighth, followed by the Ford Escape. Finally, the Jeep Grand Cherokee slipped into the top 10 for the first time this year, moving up from 12th on the list.
It’s no surprise that SUVs occupy half of the top 10 spots. Over the last 20 years, consumer demand has increasingly shifted towards SUVs, causing automakers to drop the popular nameplate. Even so, sedans such as the Honda Accord, Nissan Altima, and Toyota Corolla remain popular.
Hybrid and EV models make up less than two percent of used car sales but are increasing. Four of the top five hybrids are Toyota, including the RAV-4, Prius, Camry and Highlander. Only the Ford Fusion, which was discontinued in 2020, broke Toyota’s dominance by taking the number two spot.
Similarly, Tesla dominates the EV category, with Model 3, Model Y, Model S, and Model X taking the top four spots. The Nissan Leaf rounds out the top five EVs. With many new EVs hitting the market over the past two years and more planned, it will be interesting to see how this market segment changes.
In 2022, iSeeCars analyzed more than 9.8 million used car sales over the last five model years, calculating each vehicle’s market share. In addition to sales ratings, it provides car shopping consumers with tools, including key insights and analysis, as well as free VIN check reports and vehicle ratings.