These 2024 New Cars and Trucks Just Aren’t Selling – That’s Good News For You

What vehicle are you interested in?

Last updated Feb 9, 2024

In February, smart car buyers can negotiate thousands of dollars off of brand-new 2024 models, but only if you know where to look. Several cars, trucks, and SUVs simply aren’t selling like OEMs and dealers expected. Normally, there’s between 45 and 65 days of supply for new cars. This means that if there were no new shipments, it would take that many days to sell the existing inventory and current selling rates. Right now, multiple models are above and beyond 100 days of supply, and in some cases, well north of 200 days of supply. 

Calling this an oversupply would be an understatement. This surplus has turned the tables for potential buyers, who now find themselves in a unique position to leverage this abundance for potentially better deals. Utilizing the latest insights from CarEdge Data, we’ve pinpointed which 2024 cars and trucks are currently the most negotiable.

👉 Tired of negotiating? We’ll buy your car for you! Learn more about buying with CarEdge.

2024 Ford F-150

2024 Ford F-150 inventory and deals

Current Market Supply: 213 days

Total For Sale: 16,377

Today’s Best Offer1.9% APR for 72 months

What’s new for 2024?

For 2024, Ford has refreshed the exterior with updated headlights and a redesigned grille. A 2.7-liter turbocharged V-6 engine now sits as the standard powertrain, offering a fresh dynamic under the hood. Additionally, the previous Platinum Plus variant has been replaced by a newly introduced Limited trim, marking a significant update in the model’s lineup.

See Ford F-150 listings with local market data.

2024 Ford Explorer

2024 Ford Explorer inventory and deals

Current Market Supply: 119 days

Total For Sale: 16,344

Today’s Best Offer4.9% APR for 60 months

What’s new for 2024?

The 2024 Explorer largely mirrors the 2023 model. Minor updates include newly integrated air vents and rearranged components to accommodate a bigger infotainment screen and a new smartphone shelf.

See Ford Explorer listings with local market data.

2024 Jeep Grand Cherokee

Jeep deals 2024 - Grand Cherokee

Current Market Supply: 215 days

Total For Sale: 34,291

Today’s Best OfferLease for $490/month for 39 months with $4,444 due

What’s new for 2024?

Other than some new aluminum wheel options for the Limited trim, the Grand Cherokee is unchanged for the 2024 model year.

See Jeep Grand Cherokee listings with local market data.

2024 Jeep Compass

2024 Jeep Compass deals

Current Market Supply: 250 days

Total For Sale: 20,303

Today’s Best Offer$399/month (buy OR lease)

What’s new for 2024?

In 2024, the Jeep Compass sees minimal changes, with the addition of new appearance and equipment packages slated for later in 2024. An updated front grille insert and fresh 19-inch wheel designs will be introduced soon. Additionally, the Trailhawk variant will be equipped with a new set of all-terrain tires.

See Jeep Compass listings with local market data.

2024 Mazda CX-30

Mazda CX-30 inventory and deals

Current Market Supply: 162 days

Total For Sale: 25,117

Today’s Best Offer0.9% APR for 36 months (+ deals for longer term loans)

What’s new for 2024?

The 2024 lineup introduces the Carbon Turbo trim, featuring Zircon Sand paint, black wheels, and Terracotta leather seats, and is powered exclusively by a 250-hp 2.5-liter turbocharged engine. The Select trim is now called the Select Sport, which boasts upgraded 18-inch black metallic wheels, black mirrors, and black synthetic leather. Additionally, a larger 10.3-inch infotainment screen is now offered in the higher-end Turbo models.

See Mazda CX-30 listings with local market data.

2024 Ram 1500

Ram truck deals 2024

Current Market Supply: 225 days

Total For Sale: 45,901

Today’s Best Offer$479/month (Night Edition – buy OR lease)

What’s new for 2024?

For 2024, the Ram remains largely unchanged, possibly in anticipation of the substantial updates planned for the 2025 model. Notably, Ram discontinued the diesel engine option for the 1500 model last year.

See Ram 1500 listings with local market data.

You CAN Negotiate New Cars Today

With more than twice the normal inventory levels in some cases, it’s clear that several 2024 models are highly negotiable, despite being fresh out of the factory. Before you visit dealership lots, remember this: dealers are stubbornly reluctant to lower sticker prices, but they’re more open to negotiating with educated buyers than at any time in the past few years. With negotiation know-how, you can save thousands. 

Free Car Buying Help Is Here! Download your FREE, no-strings-attached car buying cheat sheets here.

Tired of haggling and negotiating? Let us buy your next car for you! Learn more about buying with CarEdge.

Car buying cheat sheet

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

NEWSLETTER

The latest insights
right in your inbox

Get the latest car trends and money-saving strategies, once a week.

By signing up, you agree to CarEdge's Privacy Policy and Terms & Conditions.

Share This