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Here’s How Much Consumer Reports’ Top Cars for 2024 Actually Cost

Here’s How Much Consumer Reports’ Top Cars for 2024 Actually Cost

Discovering a vehicle that ticks all the boxes for performance, comfort, and style can transform your daily commute into a journey you look forward to. This year, Consumer Reports has done the heavy lifting for us, meticulously testing and evaluating most of the 260 new car models on the market in 2024. Here at CarEdge, we’re big fans of CR. For each of the Consumer Reports Top Picks for 2024, we’ve used CarEdge Data to reveal the true selling price and current market supply, showing you market dynamics in real time. We hope you find this bit of a twist useful in your Car Search.

Fresh off the digital presses, these are the 10 best cars, trucks, and SUVs for 2024, as ranked by Consumer Reports

The Best Subcompact SUV

Subaru Crosstrek

Subaru Crosstrek ratings

MSRP: $25,195 – $32,195

Average Selling Price: $31,620

Current Market Supply: 83 days of supply (learn more)

Consumer Reports Overall Score: 87/100

NHTSA Safety Rating: 5-Star Rating

The 2024 Crosstrek features significant updates including enhanced engines, a modernized infotainment system, and an advanced EyeSight safety suite, alongside the best fuel economy for a non-hybrid AWD SUV at 29 mpg. While the base 2.0-liter engine may feel underpowered, the optional 2.5-liter variant offers improved speed, noise control, and overall driving satisfaction. Here’s Consumer Reports’ complete review.

See Crosstrek listings with the power of local market data

The Best Hybrid Car

Toyota Prius

Consumer Reports Prius ratings

MSRP: $27,950 – $36,365

Average Selling Price: $35,137

Current Market Supply: 31 days of supply (learn more)

Consumer Reports Overall Score: 80/100

NHTSA Safety Rating: Not recently rated

While the 2024 Toyota Prius offers a more engaging driving experience and a cooler look, it sacrifices some comfort and visibility compared to its predecessor. The Prius Prime variant adds versatility with 39 electric-only miles and a gas-only efficiency of 43 mpg, enhancing the appeal of this distinctive and striking vehicle. It’s not the Prius of yesterday! Here’s Consumer Reports’ complete review.

See Prius listings with the power of local market data

The Best Compact SUV

Subaru Forester

2024 Subaru Forester ratings

MSRP: $27,095 – $37,395

Average Selling Price: $35,287

Current Market Supply: 109 days of supply (learn more)

Consumer Reports Overall Score: 88/100

NHTSA Safety Rating: 5-Star Rating

In its final year before a redesign, the 2024 Forester remains a Consumer Reports Top Pick for the 11th time, thanks to its practical boxy design that enhances interior space and visibility. It’s easy access, spacious and comfortable interior, along with ample cargo space, stand out in the small SUV category. Combining one of the best ride qualities in its class with responsive and secure handling, the Forester continues to be a highly recommended, well-rounded vehicle. Check out the complete review from Consumer Reports.

See Forester listings with the power of local market data

The Best Small Car

Mazda 3

2024 Mazda3 reviews

MSRP: $24,170 – $36,650

Average Selling Price: $30,002

Current Market Supply: 124 days of supply (learn more)

Consumer Reports Overall Score: 78/100

NHTSA Safety Rating: 5-Star Rating

The Mazda3, available as both sedan and hatchback, redefines the small, affordable car segment with its enjoyable driving dynamics, nimble handling, and capable powertrains. Mazda offers two engine options: a base engine with 191 hp and an optional 227-hp turbocharged upgrade. Its premium feel on higher trims positions it above its mainstream competitors, providing all-wheel drive and standard Blind Spot Warning (BSW) and Rear Cross Traffic Warning (RCTW) for 2024. Here’s CR’s complete review.

See Mazda 3 listings with the power of local market data

The Best Midsized Car

Toyota Camry Hybrid

2024 Camry reviews

MSRP: $26,420 – $36,845

Average Selling Price: $32,315

Current Market Supply: 41 days of supply (learn more)

Consumer Reports Overall Score: 93/100

NHTSA Safety Rating: 5-Star Rating

The Camry Hybrid excels in delivering fuel efficiency and comfort at a budget-friendly price point. It achieves an outstanding 47 mpg overall in fuel economy tests, with a remarkable 53 mpg on the highway, complemented by a 610-mile range per tank, making it ideal for both daily commutes and long road trips. Next year, the Camry becomes a Hybrid in all trim levels. See CR’s complete review. 

See Toyota Camry Hybrid listings with the power of local market data

The Best Small Pickup Truck

Ford Maverick

2024 Ford Maverick reviews

MSRP: $23,815 – $34,855

Average Selling Price: $32,794

Current Market Supply: 35 days of supply (learn more)

Consumer Reports Overall Score: 78/100

NHTSA Safety Rating: 4-Star Rating

The Maverick sets itself apart in the truck segment with its easy maneuverability, notable fuel economy, and affordability. Its crew cab offers a spacious and practical interior with ample legroom and headroom, complemented by user-friendly controls and well-placed storage options. The 191-hp hybrid version shines for its exceptional fuel efficiency and enhanced refinement, making the Maverick a high-value, functional choice for those wanting a truck without the difficulty parking a full-size model, not to mention affording gas. CR members can see the complete review.

See Ford Maverick listings with the power of local market data

The Best Plug-In Hybrid SUV

Toyota RAV4 Prime

2024 RAV4 ratings

MSRP: 43,690 – $47,560

Average Selling Price: $46,890

Current Market Supply: 34 days of supply (learn more)

Consumer Reports Overall Score: 89/100

NHTSA Safety Rating: 5-Star Rating

The RAV4 Prime, a plug-in hybrid variant of the best-selling SUV in America, is so popular that it’s hard to find one that’s not already taken. It offers 42 miles of electric-only range, allowing for significant gas savings, especially in urban driving. The RAV4 Prime maintains a commendable 34 mpg overall fuel efficiency once the battery is depleted. If you’re not ready to go full-EV, this plug-in hybrid is a great alternative. 

But keep in mind that you could buy a fast-charging EV like the Hyundai IONIQ 5, Kia EV6, or Tesla Model 3 for the same price. Check out CR’s complete review of the RAV4 Prime.

See RAV4 Prime listings with the power of local market data

The Best Midsized SUV

Toyota Highlander Hybrid

Toyota Highlander reviews

MSRP: $39,120 – $53,125

Average Selling Price: $48,586

Current Market Supply: 34 days of supply (learn more)

Consumer Reports Overall Score: 85/100

NHTSA Safety Rating: 5-Star Rating

The Highlander stands out as a comfortable midsize SUV with an impressive suite of active safety features, and a strong predicted reliability. Its 243-hp hybrid powertrain leads in fuel efficiency for three-row SUVs, achieving 35 mpg overall and 41 mpg on the highway in tests, complemented by a 590-mile range on a full tank. The hybrid model’s modest $1,500 premium over the gas-only version promises swift returns through fuel savings. CR members can check out this complete review.

See Highlander listings with the power of local market data

The Best Luxury SUV

BMW X5

best luxury SUV 2024

MSRP: $65,200 – $122,300

Average Selling Price: $80,107

Current Market Supply: 60 days of supply (learn more)

Consumer Reports Overall Score: 92/100

NHTSA Safety Rating: Not rated recently

The X5 offers a luxury experience, and that’s what you should expect at this price. It features a balanced suspension that ensures a supple ride and composed handling, suitable for curvy roads, while the turbo-six engine provides quick acceleration. The standout is the plug-in hybrid version, which combines a turbo inline-six with an electric motor and a battery that enables 39 miles of all-electric range. Gone are the days of PHEVs getting just 20 miles of electric range! Here’s CR’s complete review.

See BMW X5 listings with the power of local market data

The Best Electric Vehicle

Tesla Model Y

Tesla Model Y Consumer Reports

MSRP: $42,990 – $52,490

Average Selling Price: N/A

Current Market Supply: N/A (learn more)

Consumer Reports Overall Score: 72/100

NHTSA Safety Rating: 5-Star Rating

The Model Y has been the best-selling electric vehicle in America and Europe for quite some time. With its SUV-like body, the Model Y offers more passenger and cargo space than its sedan counterpart, the Model 3. With long range and a widespread, easy to use Supercharger network, the Model Y is the perfect choice for first time EV buyers. Additionally, its capability for over-the-air updates means that the Model Y’s features can be continuously enhanced, making an already impressive vehicle even better with time. See CR’s complete review of the Model Y.

See used Tesla Model Y listings with the power of local market data, or configure your new Model Y at Tesla.com

Free Car Buying Help Is Here!

Car buying cheat sheet

Ready to outsmart the dealerships? Download your 100% free car buying cheat sheets today. From negotiating a deal to leasing a car the smart way, it’s all available for instant download. Get your cheat sheets today!

Are Jeep, Chrysler, and Dodge Headed For the Graveyard? A Troubling Look at Sales Trends

Are Jeep, Chrysler, and Dodge Headed For the Graveyard? A Troubling Look at Sales Trends

In America, sales of the three core Stellantis brands have tumbled 39% in the past 5 years. Meanwhile, overall new car sales in America are 11% below 2018 levels. Following FCA’s transition to Stellantis in early 2021, the three brands have become a liability for the multinational automotive conglomerate. If you’re not convinced that Jeep, Chrysler, and Dodge are in dire trouble, you might be swayed by this look at their U.S. sales in recent years. Plus, we’ll take a look at where things stand today for these three American icons. 

New Name, Bigger Problems

Stellantis US sales

In January 2021, the merger between FCA and Peugeot S.A. (PSA) marked the birth of Stellantis, yet its American brands have struggled in the U.S. market since. By Q4 2023, Stellantis’s U.S. market share had dipped to 8.80%, a significant decline from 9.63% the previous year and the lowest in five years, contrasting sharply with a recent peak of 12.66% in 2019.

Sales have steadily declined for three former FCA brands sold in America: Jeep, Dodge, and Chrysler. Ram has fared better as a standalone truck brand, seeing annual sales decline ‘just’ 10% since 2018.

For Jeep, Dodge, and Chrysler, the outlook is grim if the recent past is anything to judge. As you can see below, none of the three have come out of the pandemic slump.

And here are the numbers for Jeep, Dodge, and Chrysler, showing U.S. sales from 2014 to 2023.

JeepDodgeChrysler
2014692,348574,155308,785
2015865,028527,295317,923
2016926,376506,858239,492
2017828,522446,996188,545
2018973,227459,324165,964
2019923,291422,886126,971
2020795,313267,328110,464
2021778,711215,724115,004
2022684,614190,795112,713
2023642,924199,458133,729

Market Share Declines

Last year, Jeep’s market share slightly fell to 3.92%, down from a recent high of 5.17% in 2019. Ram’s share dropped to 3.44%, down from 4.60% in 2021. Dodge saw a more notable decrease to 1.09% by the end of 2023, a far cry from its former stature as a major player. In the mid-1980s, one in seven new vehicles in America was a Dodge.

Chrysler’s market share plummeted to just 0.27% from 0.69% a year earlier. After consecutive model cancellations and serious stagnation in sales, Chrysler’s U.S. market share has held below 1% since 2021.

These figures highlight the challenges Stellantis faces in reinvigorating its American brands amidst a fiercely competitive market.

How are the individual brands performing in the U.S. new car market? Let’s dive in for a closer look.

Jeep Sales Are Down 44% 

2018 was the last stellar year for Jeep. It’s been downhill ever since. Jeep sales are down 44% from 2018’s peak, when 972,227 Jeeps were sold in America. In 2023, the iconic brand sold just 642,924 vehicles, the lowest sales figure in 11 years.

Over the past two years, Jeep has launched multiple new models, from the luxurious Grand Wagoneer to plug-in hybrid 4xe variants. However, Stellantis’ plan of action doesn’t seem to be working.

Overall U.S. new vehicle sales totaled 15.5 million, an increase of 11.6% from 2022. At the same time, Jeep sales dropped 6.1% year-over-year. 

On top of this, Jeep’s inventory is staggeringly high, no matter how you look at it. Typically, a healthy new car inventory is measured by an industry metric called market day supply (MDS). In essence, MDS represents how long it would take to sell all existing inventory at current daily selling rates, assuming no new inventory was added. A ‘healthy’ inventory is generally between 45 and 65 days of supply, depending on seasonality and differences between OEMs.

As of late February 2024, there’s a 195-day supply of new Jeeps on sale in America. Nationwide, 188,611 new Jeep vehicles are sitting on dealer lots. That’s not good.

Here’s a look at five-year sales trends for Jeep’s models.

2018 U.S. Sales2023 U.S. SalesTrend
Cherokee239,43724,609-89.72%
Compass171,16796,173-43.81%
GladiatorN/A55,188N/A
Grand Cherokee224,908244,5948.75%
Grand WagoneerN/A10,618N/A
Renegade97,06226,011-73.20%
WagoneerN/A29,149N/A
Wrangler240,032156,581-34.77%

It’s great to see the popularity of the Grand Cherokee continuing, but most other Jeep models are faring worse.

Jeep has been plagued by very poor reliability ratings, high maintenance costs, and above-average depreciation. These factors and others are surely contributing to buyer preferences, which these days, are more often than not leading away from the Jeep brand.

Believe it or not, Dodge is in an even worse slump. Let’s take a look at the numbers.

Dodge Sales Are Down 67%, Inventory Soars

Dodge sales

Dodge sales are down 67% from 2013’s peak of 595,743 sales in America. In 2023, Dodge sold just 199,458 vehicles, a slight improvement from 2022. However, 2022’s 190,795 vehicles sold was the lowest annual Dodge sales figure since 1996, according to historical sales data from GoodCarBadCar

Things aren’t looking any better for 2024. In fact, considering decisions made by Stellantis themselves, 2024 is shaping up to be the final nail in the coffin for this once-popular brand. 

In 2023, Dodge discontinued production of two popular models. The Dodge Challenger and Dodge Charger, two of the last American muscle cars still in production, were officially removed from production schedules last December. Meanwhile, fewer than 10,000 copies of the much-hyped Dodge Hornet were sold. What does Dodge’s future look like without these two sporty models, which combined made up 60% of Dodge’s sales in 2023? Electrification is on the horizon if the latest clues are to be trusted. Will Dodge’s fanbase convert to electric performance? The brand’s future depends on it. 

Here’s a look at five-year sales trends for Dodge’s best-selling models, the Charger, Durango, and Challenger.

As the official FCA press release points out, Dodge’s U.S. sales actually increased 5% year over year. The Durango seems to be carrying the brand right now. However, zoom out just a bit, and we see that sales have been cut in half over the past decade. 2024 will be a pivotal year for Dodge’s future.    

So far, the brand isn’t off to a good start. As of late February, there was a 329-day supply of new Dodge vehicles in the U.S. That’s now the highest inventory of ANY car brand today. More than 80,000 new Dodge’s sit on the market waiting for buyers.

Chrysler Sales Are Down 58%

Chrysler sales

Chrysler sales are down 67% from 2015’s peak of 317,923 sales in America. In 2023, Chrysler sold just 133,729 vehicles, a slight improvement from 2020’s low of about 110,000. 

Chrysler recently discontinued the 300 sedan, but it was never a major seller to begin with. What new models does Chrysler still sell? As of 2024, the Chrysler Pacifica van is the only remaining Chrysler model. It is popular, however, having completed 120,554 sales in 2023.

In Conclusion: Stellantis Has a Mess On Their Hands

The dramatic decline in sales for Jeep, Dodge, and Chrysler underlines significant challenges for Stellantis, with each brand facing its own set of issues. Jeep’s inability to boost sales despite new model launches, Dodge’s precarious future post-muscle car, and Chrysler’s dwindling presence to a single model, all signal deep-rooted problems beyond just market trends. These issues highlight a disconnect between the brands’ strategies and the evolving demands of the market, necessitating a comprehensive reassessment of their roles within Stellantis and the broader industry.

Stellantis is at a crossroads, needing to realign these iconic American brands with consumer wants and needs at a price buyers are willing to pay. The conglomerate’s ability to navigate this transformation will determine whether Jeep, Dodge, and Chrysler can regain relevance and growth or fade into automotive history. 

Spring 2024 Car Market Update: New and Used Car Forecast

Spring 2024 Car Market Update: New and Used Car Forecast

Spring car buying season is already upon us, bringing with it a mix of challenges and opportunities for car shoppers. We spoke to CarEdge Co-Founder Ray Shefska to see what he’s thinking about the auto market ahead. Whether you’re looking to upgrade your ride, or simply curious about the current automotive landscape, this CarEdge update has you covered. Let’s dive into the latest data and trends to help you make informed decisions, no matter what your preferred set of wheels may be.

New Car Market Spring Update

car market update spring 2024

The Spring of 2024 is shaping up to be an interesting time for new car buyers. “Automakers are stuck with billions of dollars of inventory that they can’t sell. One of the main culprits for this oversupply is high interest rates,” noted Ray. With an average new car loan rate sitting at 9.96% APR as of January, and used car rates even higher at 14.25%, it’s clear that financing costs remain a significant hindrance for many. However, the landscape is changing, with more attractive financing options emerging for buyers willing to search for them. 

Remarkably, 13.7% of new car loans were financed at APRs below 3% in February according to the latest update from Cox Automotive. This is a substantial increase from just a few months prior.

Despite this, zero percent APR deals remain rare, but they’re out there for qualified buyers with great credit. Last month, zero percent APR auto loans accounted for only 3% of new car loans. Yet, we see great 0% APR offers from Ford, Hyundai, Nissan, and others. Check out our guide to the best deals.

The message is clear: for those looking to buy new, now is the time to hunt for those low APR offers. Don’t expect to stumble onto one. See the best financing and cash offers this month.

Inventory Is Rising

cars with the most inventory 2024

Ray is quick to point out that inventory has flipped from 2021’s severe shortage to 2024’s massive oversupply. “Now you have high supply and dwindling demand. Normally, that means dealers will be willing to work with you on a better deal. There’s room to negotiate that didn’t exist a few years ago.”

Inventory levels are also making headlines, with 2.66 million new cars available for sale in America, marking a 49% increase from last year. This surplus, an 82-day supply, signals a buyer’s market for the first time since 2020. This is especially true for brands like Chrysler, Jaguar, Jeep, Ram, and Dodge, which boast inventory levels more than double the national average. 

Here’s a look at the new car brands with the highest inventory today:

MakeMarket Day SupplyTotal For Sale (New)
Dodge36380,620
Ram281130,129
Chrysler23719,517
Jeep230187,872
Volvo18835,062
Jaguar1834,241
Lincoln18337,643
Nissan143190,847
Buick13145,171
Volkswagen13078,923

In contrast, brands like Honda, Toyota, Kia, Subaru, and Lexus find themselves on the other end of the spectrum, with the lowest supplies. However, we’ve come to expect this from the popular Asian brands, especially post-pandemic.

These are the new car brands with the lowest inventory today:

MakeMarket Day SupplyTotal For Sale (New)
GMC112101,997
Subaru109126,870
Acura10528,894
Chevrolet96280,181
Cadillac8025,469
Kia72101,482
Lexus6855,621
Mazda63101,523
Honda61160,106
Toyota48265,975

The Used Car Conundrum

used car market update 2024

The used car market tells a different story. Although used car inventory levels are 6% higher than where the market stood in early 2023, things seem to be returning to our new normal. Used car prices remain far higher than historical norms, but prices have gradually come down over the past year. We track used car prices weekly here.

Ironically, you can blame the NEW car market for used car price woes. The average price paid for a new car in 2024 is $48,000, which is 48% higher than one decade ago. 

Resale values are closely tied to used car prices for obvious reasons. Volatility in resale prices has been on the rise, with some segments (such as EVs and luxury crossovers) depreciating much more rapidly than just a few years ago. The result is more drivers holding on to their cars instead of selling them in today’s used car market. 

Another result of volatile used car prices is dealer’s hesitation to take on new used inventory at wholesale auctions. Ray noted that “Floorplanning costs are high, and the smart money often realizes that there’s too much risk with taking on more used inventory if used car values are fluctuating so much.” In other words, when dealers turn away used inventory, prices are artificially kept at higher levels. That’s not good for used car buyers, but is a well-known strategy among car sellers.

Ray’s Spring 2024 Buying Advice

2024 Subaru Outback - white

For those eyeing a new car this spring, our advice is to steer clear of market adjustments, and be willing to hunt for low APR offers. It’s becoming a buyer’s market for most makes and models, offering a prime opportunity to negotiate favorable deals, even among brands traditionally known for tight inventory. 

Brands like Mazda, Subaru, and Nissan stand out as representing fair value in today’s market.

New Car Market Rating

It’s a fine time to buy a new car. With rising inventory levels and attractive financing options, buyers are in a strong position to negotiate great deals.

Used Car Market Rating

It’s a difficult time to buy a used car. The combination of high new car prices, volatile used car values, and cautious dealership inventory strategies makes finding a good deal on a used car more challenging than usual. And then there are the used car loan rates, which remain at 20-year highs.

In conclusion, the Spring 2024 car market offers a mixed bag of opportunities and challenges. For new car buyers, the time is ripe to leverage high inventory levels and low APR financing deals. On the flip side, used car shoppers will need to navigate a more complex market with caution. As always, being informed and prepared is key to making the best decision for your situation. 

Remember, your CarEdge consumer advocates are always here to offer assistance. Learn more about how we can help. Don’t forget to download your free car buying guides below!

Free Car Buying Help Is Here

Car buying cheat sheet

Ready to outsmart the dealerships? Download your 100% free car buying cheat sheets today. From negotiating a deal to leasing a car the smart way, it’s all available for instant download. Get your cheat sheets today!

Top 10 Best and Worst Cars to Buy Right Now

Top 10 Best and Worst Cars to Buy Right Now

Finding the perfect vehicle can be a daunting task, especially with the multitude of options available. We’re here to simplify this process for you with a deep dive into the latest market offerings, from traditional trucks and SUVs to the latest EVs and plug-in hybrids. Here’s our curated list of the top 10 best vehicles to consider in 2024, alongside a cautionary guide on the 10 models you might want to steer clear of.

10 Best Cars and Trucks to Buy Today

2024 Mazda CX-50

Mazda CX-50 deals

Market Supply: 138 days (98,778 for sale)

The Best Deals: 0.9% APR for 36 months, with additional offers for longer terms. Lease the new CX-50 from just $278/month. Learn more about CarEdge exclusive deals.

Highlights: Known for affordable practicality paired with all-wheel drive, the CX-50 offers plenty to love. The CX-50 excels in fuel efficiency and driving experience. With high ground clearance, this crossover is ready for snow or light off-roading. The 2024 CX-50 also has above average reliability ratings, scoring 68 out of 100 in Consumer Reports testing. 

See Mazda CX-50 listings near you with local market data.

2024 Chevrolet Trax

Chevy Trax deals 2024

Market Supply: 82 days of supply (13,904 for sale)

The Best Deals: $359/month, buy OR lease. Learn more here.

Highlights: The Trax is an amazing value, especially with the new and improved looks that were introduced in 2023. In 2024, the Trax offers enhanced legroom, a turbo engine for improved performance, and a quieter cabin, making it an exceptional value at a bargain of a price.

See Chevrolet Trax listings near you with local market data.

Ford Mustang Mach-E

Best EV deals this month: Ford Mustang Mach-E

Market Supply: 525 days of supply (24,166 for sale)

The Best Deals: Lease from $423/month, or finance from 1.9% APR for 60 months. There’s also a $3,000 cash offer, and MSRPs dropped in February. With 525 days of supply, clearly Ford needs to sell these EVs ASAP, as many 2023s remain in stock as we approach spring. Learn more about CarEdge exclusive deals.

Highlights: The electric Mustang Mach-E stands out with a range of 310 miles (RWD) or 290 miles (AWD), offering various trims tailored to different needs. There’s also a lightning-fast GT option. The Mach-E impresses with its quick performance and advanced features, despite stiff competition. It’s a sporty EV built for families and the track alike.

See Ford Mustang Mach-E listings near you with local market data.

Ford F-150 

2024 F-150 deals

Market Supply: 107 days of supply (90,573 for sale)

The Best Deals: 1.9% APR for up to 72 months. Learn more about this deal.

Highlights: America’s best-selling truck, the F-150 is known for its perfect blend of functionality and comfort. The F-150 Hybrid impresses with 24 MPG combined, while the F-150 Lightning leads as the top electric truck with up to 320 miles per charge. There’s an F-150 for every buyer.

See Ford F-150 listings near you with local market data.

Chevrolet Silverado 1500

best truck deals this month

Market Supply: 138 days of supply (98,778 for sale)

The Best Deals: 2.9% APR for 72 months. Learn more about this deal.

Highlights: The 2024 Silverado features cutting-edge technology and a variety of powerful engines for enhanced towing and hauling. It stands out for its safety features and combines durability with versatility, appealing to truck enthusiasts. Today’s 72 month financing offer is too good to pass up if you’re thinking about buying a Silverado in 2024.

See Chevrolet Silverado listings near you with local market data.

Mazda CX-5

Mazda CX-5 deals

Market Supply: 56 days of supply (35,950 for sale)

The Best Deals: 0.9% APR for 36 months, or lease from $361/month. Learn more about this deal.

Highlights: The CX-5 shares many features with the CX-50 but offers a more premium design. Both models feature a standard 2.5-liter SkyActiv-G engine and boast a 5-star NHTSA safety rating. Consumer Reports also gives it above-average reliability ratings.

See Mazda CX-5 listings near you with local market data.

BMW X2

2024 BMW X2 deals

Market Supply: 801 days of supply (748 for sale)

The Best Deals: Lease from $599/month

Highlights: The word “bargain” doesn’t typically go hand-in-hand with the BMW brand. However, for those BMW fans looking for a budget-conscious entry into the brand, the X2 presents a great value in the luxury crossover segment.

See BMW X2 listings near you with local market data.

Dodge Hornet

best and worst cars - Dodge Hornet

Market Supply: 502 days of supply (13,170 for sale)

The Best Deals: Buy OR lease from $499/month. Learn more about this deal.

Highlights: The Dodge Hornet, Dodge’s first all-new model in nearly a decade, borrows heavily from the Alfa Romeo Tonale, offering a fresh entry in the compact SUV segment with a 268-hp turbocharged engine and all-wheel drive.

See Dodge Hornet listings near you with local market data.

Mazda CX-90

Mazda CX-90 deals

Market Supply: 81 days of supply (13,891 for sale)

The Best Deals: 0.9% APR for up to 36 months and $1,000 cash offer, + $1,500 bonus for new Mazda customers

Highlights: The all-new CX-90 elevates Mazda into the luxury 3-row segment. Showcasing Mazda’s premium ambitions, the CX-90 offers enhanced luxury features in its top trims, borrowing aesthetic cues from the CX-50 and MX-30 for its handsome styling and refined cabin design.

See Mazda CX-90 listings near you with local market data.

Chrysler Pacifica PHEV

2024 Chrysler Pacifica PHEV deals

Market Supply: 208 days of supply (1,005 for sale)

The Best Deals: Finance at 0% APR for 60 months, or lease the Pacifica plug-in hybrid for $429/month

Highlights: Revolutionized van design with Stow ‘n Go seating offers versatility with a standard V-6 engine. This is no slowpoke. A plug-in hybrid variant boasts 540 miles of range. With high inventory, the Pacifica PHEV is a highly negotiable fuel sipper that can save you a lot on gas over the long haul.

See Chrysler Pacifica listings near you with local market data.

10 Worst Cars to Buy Right Now

Chrysler 300

worst cars to buy: Chrysler 300

Market Supply: 325 days of supply (5,006 for sale)

Why: It’s not smart to spend $37,000+ on a sedan that has hardly changed in a decade. The Chrysler 300 has officially ended production, having been discontinued last year. Now, Chrysler parent company Stellantis is left wondering what to do with thousands of unsold 300s on dealer lots nationwide. 

Typically, high lot inventory means high negotiability. That may be the case with these last Chrysler 300s. But are you sure you want to get stuck with an overpriced sedan filled with aging technology in the era of crossovers? Not to mention a discontinued sedan? Expect resale values to fall like a rock the minute you drive off the lot. 

Alternative: Genesis G70 (see local listings with market data)

Kia Carnival

Kia Carnival deals 2024

Market Supply: 34 days of supply (2,903 for sale)

Why: The Carnival is a great van, but it’s a sellers market for this popular Kia. There’s a tight supply of new Kia Carnivals in America. If you’re hoping to negotiate a sweet deal, you’re better off looking elsewhere. The Carnival is uniquely stylish and superbly built for function, but that’s precisely why it’s so in demand right now. 

Plus, Kia isn’t offering any attractive incentives for the Carnival as of this month. If you’re in search of a deal on a new van, we recommend test driving the much more negotiable Honda Odyssey. 

Alternative: Honda Odyssey (see local listings with market data)

Lincoln Aviator

2024 Lincoln Aviator deals

Market Supply: 186 days of supply (9,226 for sale)

Why: Consumer Reports ranks the 2024 Lincoln Aviator as one of the least reliable cars you can buy. For 2024, CR rated the Aviator 35 out of 100 for reliability. When you’re paying a premium price, you should expect average reliability at the very least.

And then there are the deals, or lack thereof. This month, Lincoln’s best offer is 6.9% APR. That’s far from a good deal, even in today’s high rate environment. Considering that you’d be spending well north of $55,000 for a new one, this is a poor choice for most money-conscious buyers. 

Alternative: Lexus GX (see local listings with market data)

Cadillac Escalade ESV

Cadillac Escalade: worst cars to buy right now

Market Supply: 41 days of supply (1,112 for sale)

Why: Everything seems to be working against you if you’re in the market for a new Escalade, especially the larger Escalade ESV. First of all, Cadillac does not offer any advertised incentives for either Escalade variant. Supply is slim at just 41 days, with some regions having even lower supply. The result: low negotiability and poor financing offers on a $82,000+ luxury SUV.

Alternative: Infiniti QX80 (see local listings with market data)

Chevrolet Colorado

2024 Chevrolet Colorado deals

Market Supply: 18 days of supply (1,665 for sale)

Why: Something is holding back production of the Chevrolet Colorado. After selling 71,000 copies in 2023, there are only 1,665 new Colorado’s for sale in America today. This extremely slim supply means that dealers have the upper hand in negotiations. Fortunately, there are other options in the small truck segment today. 

Alternative:  Ford Maverick (see local listings with market data)

Chevrolet Blazer EV

2024 Chevrolet Blazer EV deals

Market Supply: N/A

Why: It’s a shame, because the Blazer EV is the best-looking Chevrolet to arrive in years. In December, GM issued a stop-sale on the new Chevy Blazer EV, just four months after orders were opened, due to a software issue. Nearly two months after the initial suspension, sales of the Chevy Blazer EV remain halted, with GM’s CEO Mary Barra emphasizing that 2024 is the “year of execution” for the automaker to recover.

Reviewers generally like the Blazer EV, but at $60,000 before incentives, smart EV buyers will want to wait as GM gets its act together.

Alternative: Ford Mustang Mach-E (featuring great deals this month)

Kia Niro EV

2024 Kia Niro EV

Market Supply: 139 (2,565 for sale)

Why: The Kia Niro EV is the most overpriced electric car on the market in 2024. Pricing starts at $41,000, but has more in common with sub-$30,000 electric cars.

The Niro EV doesn’t look bad, but it fails where it counts in an EV: charging and performance. For almost the same price as the tremendously better Kia EV6, you get double the charge times, less interior space for passengers and cargo, and zero performance-oriented qualities that make most EVs fun to drive.

Alternative: Ford Mustang Mach-E (featuring great deals this month)

Jeep Grand Cherokee 4xe PHEV

Grand Cherokee PHEV deals

Market Supply: 222 days of supply (19,694 for sale)

Why: We can’t recommend this plug-in hybrid for two reasons: price and reliability. Even without the added complication of a plug-in hybrid powertrain, the Grand Cherokee already scores poorly on Consumer Reports reliability ratings, earning just 26 points out of 100. When you consider that the Grand Cherokee 4xe starts at $25,000 more than the all-gas Grand Cherokee, upgrading to the 4xe starts to sound absurd.

If you’re looking for fuel savings, consider going fully electric for about the same price with the all-new Kia EV9 three-row electric SUV. 

Alternative: Kia EV9 (see local listings with market data)

VinFast VF-8

VinFast reviews 2024

Market Supply: N/A

Why: About 1,000 VinFast electric SUVs have been delivered in the United States so far. Early reviews sound the alarm about faulty driver assistance and infotainment, along with inconsistent charging speeds and a noisy cabin at highway speeds. The electric SUV segment has doubled in size over the past three years. We wish VinFast the best of luck with getting back on track, but for now, EV shoppers should look elsewhere.

Alternative: Ford Mustang Mach-E (featuring great deals this month)

Nissan Pathfinder

Nissan Pathfinder comparison

Market Supply: 133 days of supply (16,990 for sale)

Why: The Nissan Pathfinder struggles with significant depreciation and reliability issues, facing tough competition from the Hyundai Palisade and Kia Telluride, which both outperform it in terms of reliability and value retention over time.

Alternative: Hyundai Palisade (see local listings with market data)

Smart Car Buying Starts Here

Armed with these insights, you’re well-equipped to make an informed decision. Whether you’re drawn to the latest EVs, full-size trucks, or the best family-haulers, it’s important to remember that the best choice is one that aligns with your unique needs, preferences, and lifestyle.

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Hyundai Prices Have Increased 46% In 5 Years

Hyundai Prices Have Increased 46% In 5 Years

Hyundai prices have risen 46% since 2018, amounting to price tags that are $11,591 higher on average. Both Hyundai and sister brand Kia have raised prices more than most car brands in America (Jeep being an exception). Hyundai’s recent price hikes exceed historical norms for car price inflation by a long shot. Overall, new car prices in America have risen 28% over the same period. 

In 2024, the average selling price of a new Hyundai is $35,445, more than $10,000 higher than where average prices stood one decade ago. Could Hyundai’s price hikes be to blame for the brand’s plateau in US market share?

Similar to Toyota and Kia, could Hyundai’s pricing be too high, putting the brand in competition with premium car brands? Which Hyundai prices have risen the most? We’ll answer these questions and more. Plus, we’ll take a closer look at Hyundai’s five best-selling models. 

Hyundai’s Sales Climb 20% As Prices Rise Dramatically

Is it the power of the product, or simply more car buyers accepting the reality that car prices just aren’t what they used to be? 

Hyundai’s US sales have been climbing for most of the past five years. The pandemic did hit Asian automakers particularly hard, leading to a serious slump in production. However, production is back up and running, and Hyundai sales are rebounding, with a large jump in 2023. 

Hyundai reported US sales climbing from 667,634 in 2018 to 801,195 cars sold in 2023. Hyundai has been gaining market share for most of the past decade. Here’s a look at sales trends in recent years:

Hyundai US sales, 2018-2023

And here’s Hyundai’s US market share. Note the slight dip in 2023 as Toyota, Honda, Mazda, and sister OEM Kia all battle for the same portion of the new car market.

Hyundai US market share 2024

Over the same period, Hyundai’s average transaction price rose from $24,993 in 2018 to $36,584 in 2023, a price increase of 46 percent.

This is one of the biggest price increases in the industry. Hyundai says it’s aiming for more premium buyers, but are shoppers willing to pay nearly 50% more for the Hyundai brand? It looks likely considering Hyundai’s continued growth in America.

Next, we’ll take a look at Hyundai’s average selling prices over time. We’ve also included the overall market trends for comparison’s sake.

Hyundai average prices 2024

Now, let’s look at how Hyundai’s five best-selling models in America have fared when it comes to sales and price trends. 

Hyundai Tucson

Hyundai Tucson price trends 2024

Last year, Hyundai sold 209,624 Tucson’s in America. That’s up 20% from 2022. However, Tucson prices have risen 15% in the past five years. Here’s a look at Hyundai Tucson price trends over the past five model years, with a breakdown showing the base model, mid-spec, and top-trim prices over time.

In 2024, CarEdge Data shows that the average transaction price for a new Hyundai Tucson is $34,788. 

Hyundai Tucson price increases, 2024

Browse Hyundai Tucson listings with the power of local market data.

Hyundai Elantra

Hyundai Elantra prices 2024

Last year, Hyundai sold 134,149 Elantra’s in America. That’s up 14% from 2022. However, Elantra prices have risen 17% in just five years. Here’s a look at Elantra price trends over the past five model years, with a breakdown showing the base model, mid-spec, and top-trim prices over time.

In 2024, CarEdge Data shows that the average transaction price for a new Hyundai Elantra is $25,971. Consider this: in 2019, not a single Elantra trim started over $25,000. 

Hyundai price increases 2024

Browse Hyundai Elantra listings with the power of local market data.

Hyundai Santa Fe

new Hyundai Santa Fe pricing

Last year, Hyundai sold 131,574 Santa Fe’s in America. US Santa Fe sales were up 10% year-over-year in 2023. However, Santa Fe prices have risen 30% in just five years. Here’s a look at Santa Fe price trends over the past five model years, with a breakdown showing the base model, mid-spec, and top-trim prices over time.

In 2024, CarEdge Data shows that the average transaction price for a new Hyundai Santa Fe is $37,830. 

2024 Hyundai Santa Fe price increase

Browse Hyundai Santa Fe listings with the power of local market data.

Hyundai Palisade

2024 Hyundai Palisade pricing

Last year, Hyundai sold 89,509 Palisades in America. Palisade sales were up 8% year-over-year in 2023. Palisade prices have risen more slowly than most other models, with prices rising 16% in five years. Here’s a look at Palisade price trends over the past five model years, with a breakdown showing the base model, mid-spec, and top-trim prices over time.

In 2024, CarEdge Data shows that the average transaction price for a new Hyundai Palisade is $50,367. 

Hyundai Palisade price increase 2024

Browse Hyundai Palisade listings with the power of local market data.

Hyundai Kona

2024 Hyundai Kona pricing

Last year, Hyundai sold 79,116 Kona’s in America. Kona sales were up 24% year-over-year in 2023. Kona prices have risen 16% in just five years, but it remains one of the most affordable crossovers on sale. Here’s a look at Hyundai Kona price trends over the past five model years, with a breakdown showing the base model, mid-spec, and top-trim prices over time.

In 2024, CarEdge Data shows that the average transaction price for a new Hyundai Kona is $29,530. 

Hyundai Kona price increase 2024

Browse Hyundai Kona listings with the power of local market data.

Be sure to check back for the latest Hyundai price data next month. In 2024, it’s a buyer’s market for the first time since the pandemic.

Looking to Save Thousands On Your Hyundai Purchase? We Can Help.

Who is CarEdge? Simply put, we’re a team of real people saving drivers serious money. How do we do it? We offer car buying help for every price point. From 100% free resources to an all-inclusive car buying concierge, and everything in between, CarEdge is taking the pain out of car buying. 

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Car buying cheat sheet

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