The Ford Escape has long been a favorite of customers and critics alike, routinely attracting customers of other brands while racking up accolades such as being named one of the most satisfying vehicles to own by Consumer Reports, and one of the most popular used vehicles of 2023 and 2024, while the Ford Escape PHEV – specifically – was among the fastest-selling new vehicles on the market as recently as December 2023. However, according to new data from iSeeCars, the Ford Escape PHEV was actually one of the slowest-selling used vehicles on the market in March 2024 – which was also true of its platform mate, the Lincoln Corsair.
While the Corsair ranked as the fourth slowest-selling one-to-five-year-old used vehicle last month after spending 73.4 days on dealer lots on average, the Ford Escape PHEV fared a little better at 63.2 days, which placed it tenth on this particular list. However, that figure also lags far behind the overall used vehicle average of 34.2 days. It’s an interesting result for certain, though it could very well be due to the fact that the 2023 model year marked the debut of the refreshed Escape, which could be proving more enticing to consumers compared to older models.
Of course, the Escape PHEV certainly wasn’t alone in that regard, though this list is largely dominated by luxurious models, which are sitting on dealer lots far longer than most – accounting for 13 of the top 20 spots, in fact, while every vehicle on this list took between 56 and 150 days to find a new owner. Year over year, used vehicles are spending 30.5 percent longer on lots versus March 2023, too.
“While premium brands dominate the slowest-selling used car list, we also see six mainstream brands, six electric cars, and three hybrids,” said Karl Brauer, iSeeCars Executive Analyst. “Many of these cars are older designs available for a substantial savings off their new-car equivalent. Between the gradual drop in new car pricing and consistent slow-down in their sales pace, it’s like watching a giant machine slowly wind down. New cars are still more expensive than before Covid, and they’re still selling at a reasonable rate, but the pendulum has clearly swung the other direction.”
We’ll have more on the Ford Escape PHEV soon, so subscribe to Ford Authority for more Ford Escape news and continuous Ford news updates.
Comment
when i tried to order one in 2023 they told me 6-9 months wait for it, as opposed to 3 months for the standard hybrid. simply didn’t feel like waiting that much longer. if it’s still true, is it really a surprise people aren’t going for it?