This increase in interest is especially apparent on the most-searched new vehicles list, where two fuel- efficient cars—the Ford Focus and Hyundai Sonata—made big jumps to land in the top 20 and showed notable increases in average asking price.
Across the board, the majority of trucks and SUVs experienced declines, showing that Americans' love affair with larger vehicles takes a hiatus when gas prices spike. According to a survey conducted by AutoTrader .com in March and April, 62% of car shoppers are considering purchasing a vehicle that is more fuel efficient than the car they currently drive.
Interest in Fuel-Efficient Cars Increases
On the list of most-searched new vehicles, trucks and SUVs continued to lose ground in April, with the majority slipping one to two places on the list. Fuel-efficient cars, however, fared much better, with three holding onto their position month-over-month and four making gains. Among this group were two newcomers to the list in April: the new Ford Focus leapt 21 spots, going from No. 33 in March to No. 11 in April, and the new Hyundai Sonata moved up four spots from No. 23 in March to No. 19 in April.
Also notable is the new Chevrolet Cruze, which cracked the top 10 to come in at No. 8 on the list, up from No. 11 in March. Analysts also noted big year-over- year gains for two other fuel-efficient cars: the new Hyundai Elantra leapt 37 places, going from No. 51 to No. 14, and the new Kia Optima leapt 87 spots, going from No. 104 to No. 17.
Likewise, trucks and SUVs also showed signs of declining consumer interest on the list of most- searched used vehicles. The used Ford F-150, which has retained the top spot throughout 2011, was pushed to the No. 2 spot on the list by the used BMW 3- Series. While some trucks and SUVs managed to hold on to their position month-over-month, two other large trucks and SUVs lost ground: the used Chevrolet Tahoe and used Chevrolet Silverado 2500 dropped two or more places between March and April 2011.
Fuel-efficient favorites, such as the used Honda Civic (No. 5) and Accord (No. 6), as well as the used Nissan Altima (No. 12), all held steady month-over-month, while the used Volkswagen Jetta and used Toyota Camry both increased their positions on the list. The Jetta went from No. 15 in March to No. 13 in April, and the Camry moved up one spot from No. 20 in March to No. 19 in April.
The list of most- searched Certified Pre-Owned (CPO) vehicles showed a very similar story. Fuel-efficient cars such as the CPO Honda Civic (No. 5), CPO Volkswagen Jetta (No. 9) and CPO Nissan Altima (No. 19) all moved up one spot month-over-month, signaling more interest in these vehicles among CPO buyers.
Numerous trucks and SUVs declined in position month-over-month: the CPO Toyota Tundra went from No. 5 in March to No. 7 in April; the CPO Ford F-150 went from No. 9 in March to No. 12 in April; the CPO Chevrolet Tahoe went from No. 12 in March to No. 14 in April; the CPO Acura MDX went from No. 16 in March to No. 17 in April; and the CPO Toyota 4-Runner went from No. 19 in March to No. 20 in April.
The CPO BMW 3-Series again captured the No. 1 spot, a place it has enjoyed throughout 2011. Two other sportier coupes/sedans made positive moves on the list, with the CPO Audi A4 leaping three spots to the No. 4 position and the CPO Acura TL moving up three spots to the No. 11 position.
Prices affected by demand for fuel efficiency and potential model shortages
Average asking prices were on the rise for the majority of the most-searched vehicles on AutoTrader.com in April. For new vehicles, prices were up year-over-year on 12 vehicles and down on six vehicles. Two models were not available at this time last year and therefore do not have year-over-year price data. On the used vehicle list, prices were up on 13 and down on seven, and for the most-searched CPO vehicles, prices were up on a whopping 17 vehicles and down on only three.
AutoTrader.com analysts noted that supply and demand is a key factor in determining the asking price of a vehicle, so seeing increases on the majority of vehicles across the new, used and CPO lists shows that consumers are certainly making a return to the automotive market. Analysts also noted that fuel-efficient cars made significant gains across all three lists, as the demand for these cars has increased with the rise in gas prices.
On the list of most-searched new vehicles, the new Kia Optima had the largest increase in average asking price year-over-year, going from $20,772 to $24,099 year-over-year; the new Hyundai Elantra achieved the second-biggest price increase of 12.75%, going from $17,474 to $19,702 year-over-year. The average asking price for the new Ford Focus rose 6.92%, and the new Hyundai Sonata saw an increase of 5.52%.
F
uel-efficient cars fared equally as well on the list of most-searched used cars, with the used Honda Accord posting the largest increase in average asking price—9.89%—going from $15,787 to $17,349 year-over-year, and the used Toyota Camry came in second with an increase of 8.99%, going from $15,482 to $16,874 year-over-year. The used Nissan Altima gained 7.15% in average asking price, and the used Honda Civic gained 6.22%.
On the CPO list, the fuel-efficient Honda Accord gained the most in average asking price at 11%. But another interesting trend noted by analysts was that vehicles made by Toyota or Honda—both manufacturers affected by the natural disasters in Japan—experienced an increase in average asking price in April. Analysts indicated that these increases may be propelled by the anticipated shortages for new models later this year, leading consumers to consider late- model alternatives such as CPO versions of their favorite cars. In the top 20 most-searched CPO vehicles, Hondas saw an average increase in asking price of 5.5% while Toyotas saw an average increase in asking price of 8.6%.
Mixed bag for the big movers in April
In addition to examining the top 20 most-searched new, used and CPO vehicles, AutoTrader.com analysts are now also taking a look at the 10 biggest movers on the site, which are vehicles that have made significant jumps in their rank on the site month-over-month, even if the vehicles didn't receive enough interest to garner a spot in one of the top 20 most-searched lists. Therefore, three new Top 10 Big Movers lists have been added to the monthly Trend Engine report.
On the new vehicle front, the top three big movers were all new models for the 2011 year. The new Fiat 500 made another big month-over-month leap, moving up 122 places between March and April. Between February and March, the Fiat 500 jumped 137 spots, so it continues to garner significant interest from car shoppers and could soon break into the top 100.
Rounding out the top three on the new vehicle big movers list was the Chrysler 300, which landed at the No. 41 spot after a leap of 44 places and the all-electric Nissan Leaf, which moved up 40 places month-over-month. Although it didn't make it into the top three big movers, the Infiniti M35 Hybrid moved up 38 spots month-over-month to land in the respectable fourth place.
For used vehicles, the big movers between March and April tended to be sporty and luxury vehicles, with the exception of the Dodge Sprinter commercial van, which moved up 20 places month-over-month. The CPO list included more practical vehicles, with cars such as the Mazda Mazda2 moving up 39 spots, the Mini Cooper Clubman moving up 38 spots and the Buick Regal moving up 35 spots.
.
This increase in interest is especially apparent on the most-searched new vehicles list, where two fuel- efficient cars—the Ford Focus and Hyundai Sonata—made big jumps to land in the top 20 and showed notable increases in average asking price.
Across the board, the majority of trucks and SUVs experienced declines, showing that Americans' love affair with larger vehicles takes a hiatus when gas prices spike. According to a survey conducted by AutoTrader .com in March and April, 62% of car shoppers are considering purchasing a vehicle that is more fuel efficient than the car they currently drive.
Interest in Fuel-Efficient Cars Increases
On the list of most-searched new vehicles, trucks and SUVs continued to lose ground in April, with the majority slipping one to two places on the list. Fuel-efficient cars, however, fared much better, with three holding onto their position month-over-month and four making gains. Among this group were two newcomers to the list in April: the new Ford Focus leapt 21 spots, going from No. 33 in March to No. 11 in April, and the new Hyundai Sonata moved up four spots from No. 23 in March to No. 19 in April.
Also notable is the new Chevrolet Cruze, which cracked the top 10 to come in at No. 8 on the list, up from No. 11 in March. Analysts also noted big year-over- year gains for two other fuel-efficient cars: the new Hyundai Elantra leapt 37 places, going from No. 51 to No. 14, and the new Kia Optima leapt 87 spots, going from No. 104 to No. 17.
Likewise, trucks and SUVs also showed signs of declining consumer interest on the list of most- searched used vehicles. The used Ford F-150, which has retained the top spot throughout 2011, was pushed to the No. 2 spot on the list by the used BMW 3- Series. While some trucks and SUVs managed to hold on to their position month-over-month, two other large trucks and SUVs lost ground: the used Chevrolet Tahoe and used Chevrolet Silverado 2500 dropped two or more places between March and April 2011.
Fuel-efficient favorites, such as the used Honda Civic (No. 5) and Accord (No. 6), as well as the used Nissan Altima (No. 12), all held steady month-over-month, while the used Volkswagen Jetta and used Toyota Camry both increased their positions on the list. The Jetta went from No. 15 in March to No. 13 in April, and the Camry moved up one spot from No. 20 in March to No. 19 in April.
The list of most- searched Certified Pre-Owned (CPO) vehicles showed a very similar story. Fuel-efficient cars such as the CPO Honda Civic (No. 5), CPO Volkswagen Jetta (No. 9) and CPO Nissan Altima (No. 19) all moved up one spot month-over-month, signaling more interest in these vehicles among CPO buyers.
Numerous trucks and SUVs declined in position month-over-month: the CPO Toyota Tundra went from No. 5 in March to No. 7 in April; the CPO Ford F-150 went from No. 9 in March to No. 12 in April; the CPO Chevrolet Tahoe went from No. 12 in March to No. 14 in April; the CPO Acura MDX went from No. 16 in March to No. 17 in April; and the CPO Toyota 4-Runner went from No. 19 in March to No. 20 in April.
The CPO BMW 3-Series again captured the No. 1 spot, a place it has enjoyed throughout 2011. Two other sportier coupes/sedans made positive moves on the list, with the CPO Audi A4 leaping three spots to the No. 4 position and the CPO Acura TL moving up three spots to the No. 11 position.
Prices affected by demand for fuel efficiency and potential model shortages
Average asking prices were on the rise for the majority of the most-searched vehicles on AutoTrader.com in April. For new vehicles, prices were up year-over-year on 12 vehicles and down on six vehicles. Two models were not available at this time last year and therefore do not have year-over-year price data. On the used vehicle list, prices were up on 13 and down on seven, and for the most-searched CPO vehicles, prices were up on a whopping 17 vehicles and down on only three.
AutoTrader.com analysts noted that supply and demand is a key factor in determining the asking price of a vehicle, so seeing increases on the majority of vehicles across the new, used and CPO lists shows that consumers are certainly making a return to the automotive market. Analysts also noted that fuel-efficient cars made significant gains across all three lists, as the demand for these cars has increased with the rise in gas prices.
On the list of most-searched new vehicles, the new Kia Optima had the largest increase in average asking price year-over-year, going from $20,772 to $24,099 year-over-year; the new Hyundai Elantra achieved the second-biggest price increase of 12.75%, going from $17,474 to $19,702 year-over-year. The average asking price for the new Ford Focus rose 6.92%, and the new Hyundai Sonata saw an increase of 5.52%.
F
uel-efficient cars fared equally as well on the list of most-searched used cars, with the used Honda Accord posting the largest increase in average asking price—9.89%—going from $15,787 to $17,349 year-over-year, and the used Toyota Camry came in second with an increase of 8.99%, going from $15,482 to $16,874 year-over-year. The used Nissan Altima gained 7.15% in average asking price, and the used Honda Civic gained 6.22%.
On the CPO list, the fuel-efficient Honda Accord gained the most in average asking price at 11%. But another interesting trend noted by analysts was that vehicles made by Toyota or Honda—both manufacturers affected by the natural disasters in Japan—experienced an increase in average asking price in April. Analysts indicated that these increases may be propelled by the anticipated shortages for new models later this year, leading consumers to consider late- model alternatives such as CPO versions of their favorite cars. In the top 20 most-searched CPO vehicles, Hondas saw an average increase in asking price of 5.5% while Toyotas saw an average increase in asking price of 8.6%.
Mixed bag for the big movers in April
In addition to examining the top 20 most-searched new, used and CPO vehicles, AutoTrader.com analysts are now also taking a look at the 10 biggest movers on the site, which are vehicles that have made significant jumps in their rank on the site month-over-month, even if the vehicles didn't receive enough interest to garner a spot in one of the top 20 most-searched lists. Therefore, three new Top 10 Big Movers lists have been added to the monthly Trend Engine report.
On the new vehicle front, the top three big movers were all new models for the 2011 year. The new Fiat 500 made another big month-over-month leap, moving up 122 places between March and April. Between February and March, the Fiat 500 jumped 137 spots, so it continues to garner significant interest from car shoppers and could soon break into the top 100.
Rounding out the top three on the new vehicle big movers list was the Chrysler 300, which landed at the No. 41 spot after a leap of 44 places and the all-electric Nissan Leaf, which moved up 40 places month-over-month. Although it didn't make it into the top three big movers, the Infiniti M35 Hybrid moved up 38 spots month-over-month to land in the respectable fourth place.
For used vehicles, the big movers between March and April tended to be sporty and luxury vehicles, with the exception of the Dodge Sprinter commercial van, which moved up 20 places month-over-month. The CPO list included more practical vehicles, with cars such as the Mazda Mazda2 moving up 39 spots, the Mini Cooper Clubman moving up 38 spots and the Buick Regal moving up 35 spots.
.
