By James Raia
The coronavirus stunned the automotive industry with lower sales, leaving plenty of new 2020 trucks remaining, including Ford F-150 and Ram 1500 Classic pickup trucks.
According to an analysis released by iSeeCars.com, the average new 2020 model has 22.5 percent of its inventory remaining from the model year. But 24 models of cars and trucks have at least 1.5 times that amount on dealer lots.
The Ford Escape tops vehicles from 2020 with the most inventory remaining, with 90.4 percent of its new car inventory coming from the 2020 model year. Ford Escape sales dropped from 26 percent from 2019 to 2020.
“The normally popular Ford Escape also has new competition within Ford’s own product line, with the all-new 2021 Ford Bronco Sport making headlines and spurring interest,” said iSeeCars Executive Analyst Karl Brauer. “The Bronco Sport and Escape share platforms and are similar in price and size.”
More trucks, more bargains
The increased percentage of the remaining 2020 inventory of trucks and cars means consumers are likely to receive increased discounts.
To determine which vehicles have the highest share of remaining 2020 model year vehicles available, iSeeCars.com analyzed more than 700,000 new cars and trucks for sale.
“When looking at inventory in 2021, there is 9.5 percent less new car inventory from the current model year compared to the same time last year,” said Brauer. “This is likely because automakers had to delay releases of their new vehicles and because inventory hasn’t completely stabilized. These cars not only provide negotiation opportunities right now, but many of these vehicles can present even greater savings opportunities as more 2021 vehicles enter the pipeline.”
The Ram 1500 Classic (48.3 percent) was ranked 12th, while the Ford F-150 was ranked 16th (40.4 percent) among pickup trucks.
“The Ram 1500 Classic was one of the few pickup truck models that wasn’t scarce during the pandemic, confirming the truck isn’t in as high demand as its competitors,” said Brauer.
Here’s the list of the top 24 trucks and cars and the percent of 2020 inventory remaining:
1. Ford Escape, 90.4 percent; 2. Ford EcoSport (71.3%); 3. Chevrolet Bolt EV (68.9%);
4. Ford Expedition (61.0%); 5. Ford Expedition Max (59.2%); 6. Hyundai Santa Fe (57.7%); 7. Chrysler 300 (52.0%); 8. Ford Ranger truck (51.5%); 9. Dodge Charger (51.2%); 10. Buick Envision (51.1%); 11. Chevrolet Trax (48.6%); 12. Dodge Challenger (48.3%).
13. Nissan Murano (48.3%); 14. Honda CR-V Hybrid (44.9%); 15. Nissan Sentra (43.6%); 16. Ford F-150 (40.4%); 17. Chrysler Pacifica (38.7%): 18. Nissan Versa (38.7%); 19. Volkswagen Jetta (38.0%); 20. Ram Pickup 1500 Classic truck (37.5%); 21. Honda CR-V (35.8%); 22. Toyota Camry Hybrid (34.8%); 23. Honda Civic (34.4%); 24; BMW X5 (33.9%).
RELATED CONTENT
Ford F-150 reigns as country’s most popular new vehicle in 2020
James Raia, a syndicated columnist in Sacramento, California, publishes a free weekly automotive podcast and electronic newsletter. Sign-ups are available on his website, www.theweeklydriver.com. He can be reached via email: james@jamesraia.com.
##RVT986b
