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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:
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.
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.
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
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.
Browse Hyundai Tucson listings with the power of local market data.
Hyundai Elantra
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.
Browse Hyundai Elantra listings with the power of local market data.
Hyundai Santa Fe
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.
Browse Hyundai Santa Fe listings with the power of local market data.
Hyundai Palisade
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.
Browse Hyundai Palisade listings with the power of local market data.
Hyundai Kona
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.
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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Toyota Prices Have Increased 19% In 5 Years
Toyota prices have risen 19% since 2018. Today, Toyota MSRPs are $6,124 higher on average. It’s true that Toyota prices haven’t climbed as drastically as other car brands (notably Jeep), but the price hikes still exceed historical norms for car price inflation. Overall, new car prices in America have risen 28% over the same period.
Could Toyota’s rising prices be to blame for the brand’s declining sales? Is the brand pricing for a market that’s simply too premium for Toyota’s reputation? Which Toyota prices have risen the most? We’ll answer these questions and more. Plus, we’ll take a closer look at Toyota’s best-selling models.
Jeep’s Sales Fall 34% As Prices Rise
I think most automotive analysts would agree that Toyota Motor North America (TMNA) is doing just fine these days. Revenue and profits were both higher in 2023. But it’s not all good news, even as the brand has reached record market share.
Toyota’s US sales have been struggling to climb for most of the past five years. Yes, there was the pandemic and the ensuing parts shortage. Japanese automakers were hit particularly hard by the semiconductor chip shortage of 2021-early 2022. But even in 2023, the closest year we’ve had to a ‘normal’ year in a while, Toyota’s sales were essentially flat, and market share fell from 2022’s highs.
Toyota reported sales dropping from 2,128,263 in 2018 to 1,928,228 cars sold in 2023. For the first time in several years, Toyota’s market share in America fell in 2023.
Over the same period, Toyota’s average transaction price rose from $32,168 in 2018 to $38,298 in 2023, a price increase of 19 percent.
Toyota’s U.S. market share was steadily climbing as the brand conquered competitors like Chevrolet, Ford, and even Honda to an extent. That all ended in 2023, when Toyota’s market share took a slight dip. The leading theory for why this happened is that Hyundai and Kia’s rising popularity are a force to be reckoned with.
Could rising prices be to blame for stagnant sales, or is Toyota facing more competition from the likes of Kia and Hyundai? It’s likely a combination of these and other factors. Let’s take a look at Toyota’s average selling prices over time. We’ve also included the overall market trends for comparison’s sake.
Inflation is hitting everyone, including OEMs like Toyota. Clearly, Toyota has shielded their customers from the worst of car price inflation when compared to the industry average. Nevertheless, Toyota prices are climbing.
There’s another reality that has undoubtedly played into Toyota’s rising prices. As more buyers choose SUVs, crossovers, and even trucks (as is the trend these days), naturally, average transaction prices will rise. Larger vehicles almost always cost more than sedans.
Now, let’s look at how Toyota’s five best-selling models in America have fared when it comes to sales and price trends.
Toyota RAV4
Last year, Toyota sold 434,943 RAV4’s in America. That’s up 8.8% from 2022. However, RAV4 prices have risen 11% in the past five years. Here’s a look at RAV4 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 Toyota RAV4 is $37,053.
Browse Toyota RAV4 listings with the power of local market data.
Toyota Camry
Last year, Toyota sold 290,649 Camry’s in America. That’s up 1.5% from 2022. However, Camry prices have risen 6% in just five years. Here’s a look at Camry 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 Toyota Camry is $32,256.
Browse Toyota Camry listings with the power of local market data.
Toyota Corolla
Last year, Toyota sold 232,370 Corolla’s in America. US Corolla sales were up 4.5% year-over-year in 2023. However, Corolla prices have risen 12% in just five years. Here’s a look at Corolla 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 Toyota Corolla is $25,169.
Browse Toyota Corolla listings with the power of local market data.
Toyota Tacoma
Last year, Toyota sold 234,768 Tacoma’s in America. Tacoma sales were DOWN 1.1% year-over-year in 2023. However, rising prices could be to blame. Tacoma prices have risen 20.6% in five years. Here’s a look at Tacoma 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 Toyota Tacoma is $41,196.
Browse Toyota Tacoma listings with the power of local market data.
Toyota Tundra
Last year, Toyota sold 125,185 Tundra’s in America. Tundra sales were up 20% year-over-year in 2023. Tundra prices have risen 26.3% in just five years, the biggest price increase of any Toyota model. Looking at sales stats, truck buyers don’t seem to mind. Here’s a look at Toyota Tundra 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 Toyota Tundra is $64,191.
Browse Toyota Tundra listings with the power of local market data.
Be sure to check back for the latest Toyota 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 Toyota 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.
How about some free car buying help…
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!
Jeep Prices Have Increased 61% In 5 Years
Jeep prices have risen 61% since 2018. Overall, new car prices in America climbed 28% over the same period. Could Jeep’s price inflation be to blame for the brand’s falling sales? Which Jeep prices have risen the most? Are all trim levels seeing equal price hikes? We’ll answer these questions and more. Plus, we’ll take a closer look at Jeep’s best-selling models. But first, let’s dive into Jeep’s overall sales and price trends in the U.S. market.
Jeep’s Sales Fall 34% As Prices Rise
Is Jeep okay? The beloved brand has millions of diehard fans worldwide, but it seems that’s not enough to keep sales climbing. There’s no hiding the fact that Jeep is losing market share rather quickly. Looking at the numbers, Jeep’s parent company Stellantis reported sales dropping from 973,227 in 2018 to 642,924 cars sold in 2023. In the blink of an eye, Jeep sales fell 34%. For the first time in many years, Jeep’s market share in America has fallen below 5% of new car sales.
Over the same period, Jeep’s average transaction price rose from $33,954 in 2018 to $54,715 in 2023, a price increase of 61 percent.
Could worsening car price inflation be to blame for Jeep’s declining sales, or could it be concerns about reliability and high maintenance costs? It’s likely a combination of these and other factors. Let’s take a look at Jeep prices over time.
The launch of the Jeep Wagoneer and Grand Wagoneer was chief among the reasons for Jeep’s soaring prices. However, other factors were at play, too. In the next section, we’ll take a look at how much Jeep raised prices for their 5 best-selling models. We’ll even break it down by trim level.
Jeep Grand Cherokee
Last year, Stellantis sold 244,594 Jeep Grand Cherokee’s in America. That’s up 10% from 2022. However, Grand Cherokee prices are rising. Here’s a look at Grand Cherokee price trends over the past five model years, with a breakdown showing the base model, mid-spec, and top-trim prices over time.
As Jeep continues to seek out buyers in the premium market, they continue to introduce more expensive top-line trims. Prices for a top-of-the-line Grand Cherokee is approaching, and in some cases exceeding, $80,000.
In 2024, CarEdge Data shows that the average transaction price for a new Jeep Grand Cherokee is $53,570.
Browse Jeep Grand Cherokee listings with the power of local market data.
Jeep Wrangler Price Trends
The Jeep Wrangler has been on sale for nearly 40 years. In 2023, Jeep sold 156,581 Wranglers in America. Sales were down 14% from 2022. Here’s a look at Jeep Wrangler prices over time for three popular trim options.
The story is much the same for the Wrangler. While the Sport and Rubicon trim levels have slowly climbed higher, top trims have nearly doubled in price since 2020.
In 2024, CarEdge Data shows that the average transaction price for a new Jeep Wrangler is $59,457.
Browse Jeep Wrangler listings with the power of local market data.
Jeep Compass Price Trends
Last year, Jeep Compass sales totaled 96,173, an increase of 12% year-over-year. Here are Jeep Compass price trends over the past five years, showing car price inflation as it happened.
In 2024, CarEdge Data shows that the average transaction price for a new Jeep Compass is $34,688.
Browse Jeep Compass listings with the power of local market data.
Jeep Gladiator Price Trends
Gladiator sales fell sharply in 2023, down 29% from the year before. Could rising prices be to blame? It’s possible. Here’s a look at how rapidly Jeep Gladiator prices have climbed.
The Gladiator has seen significant price hikes every year since its release. The popular Rubicon has seen the steepest price increases.
Today in 2024, CarEdge Data shows that the average selling price of the new Jeep Gladiator is $52,401.
Browse Jeep Gladiator listings with the power of local market data.
Jeep Wagoneer Price Trends
After launching the Wagoneer for the 2022 model year, Jeep has had limited success selling the large SUV. The premium price tag sent Jeep’s average selling prices skyward, despite selling just 29,148 copies in 2023. The even larger and more luxurious Grand Wagoneer sold 10,618 units last year.
Being that this is a new model, we don’t have an extensive price history just yet. We can see that since 2022’s launch, Jeep has already raised the base price of the Wagoneer from $60,995 in 2022 to $64,945 for 2024.
Looking to Save Thousands On Your Jeep 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.
How about some free car buying help…
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!
These 2024 New Cars and Trucks Just Aren’t Selling – That’s Good News For You
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.
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2024 Ford F-150
Current Market Supply: 213 days
Total For Sale: 16,377
Today’s Best Offer: 1.9% 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
Current Market Supply: 119 days
Total For Sale: 16,344
Today’s Best Offer: 4.9% 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
Current Market Supply: 215 days
Total For Sale: 34,291
Today’s Best Offer: Lease 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
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
Current Market Supply: 162 days
Total For Sale: 25,117
Today’s Best Offer: 0.9% 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
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.
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These Are the Most Fuel Efficient Full-Size Trucks Today
In 2024, it’s possible to own a full-size 4×4 truck AND get good fuel economy without switching to diesel. From the Toyota Tundra to the Ford F-150, and even the Ram 1500, hybrid powertrains have made their way into America’s favorite trucks. And no, we’re not talking about electric trucks. Here’s a look at what makes these trucks the top picks for truck fans looking to spend less on gas.
2024 Ford F-150 Hybrid
Combined MPG: 25 miles per gallon
Highway MPG: 25 miles per gallon
City MPG: 25 miles per gallon
Estimated annual fuel cost ($3.25/gallon, 15,000 miles): $1,950
Starting price: $57,480+
The 2024 Ford F-150 Hybrid is a notable contender in the full-size hybrid truck market, continuing Ford’s innovative legacy. The F-150 PowerBoost Hybrid stands out as a leader in the segment. Last year, Ford sold over 50,000 copies.
The F-150 Hybrid combines a twin-turbo 3.5-liter V-6 engine with a 35-kW electric motor integrated into the transmission, delivering 430 horsepower and 570 lb-ft of torque—nearly 50 hp more than the non-hybrid V-6. Additionally, it offers the highest fuel efficiency among all hybrid full-size trucks on sale in 2024.
See F-150 Hybrid listings with local market data
2024 Ram 1500 eTorque
Combined MPG: 23 miles per gallon
Highway MPG: 26 miles per gallon
City MPG: 20 miles per gallon
Estimated annual fuel cost ($3.25/gallon, 15,000 miles): $2,120
Starting price: $40,960+
The 2024 Ram 1500 employs a unique approach to hybrid technology with its eTorque system, available in both V-8 and V-6 variants. This system enhances the traditional alternator to supply additional power to a compact battery, offering more torque and other features, albeit without continuous power drive.
Although it’s not a complete hybrid system like you’ll find in the F-150 and Tundra, the Ram 1500 eTorque’s mild hybrid design provides slight improvements in urban driving efficiency. Its advantage over the standard gas-powered Ram model is limited to just 1 mile per gallon.
See Ram 1500 listings with local market data
2024 Toyota Tundra Hybrid
Combined MPG: 22 miles per gallon
Highway MPG: 24 miles per gallon
City MPG: 20 miles per gallon
Estimated annual fuel cost ($3.25/gallon, 15,000 miles): $2,216
Starting price: $58,810
The 2024 Toyota Tundra Hybrid distinguishes itself in the full-size hybrid truck segment with its innovative i-Force system, which primarily boosts horsepower, while also offering improved fuel efficiency as a secondary benefit. Standard across all new Tundra models is a 3.4-liter twin-turbo V-6 engine, with the hybrid variant adding an extra nearly 50 horsepower and over 100 lb-ft of torque. The rear-drive i-Force Tundra is the most fuel-efficient option within the lineup, but a 4×4 option is available.
See Toyota Tundra Hybrid listings with local market data
Is There a Hybrid 4×4 Truck?
There are a few excellent 4×4 hybrid trucks available in 2024. The Toyota Tundra and Ford F-150 both offer models that feature four-wheel drive paired with comprehensive hybrid systems. The Ram 1500 also offers a 4×4 option with its mild hybrid system, though it doesn’t match the full hybrid capabilities of the Tundra and F-150.
As you can see, there’s plenty to choose from in the realm of fuel efficient full-size trucks in 2024.
Free Car Buying Help Is Here
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!
5 Cheap Electric Vehicles You Won’t Regret Buying in 2024
What makes EV ownership enjoyable? Fast charging, long range, and good reliability. In 2024, there’s a wider selection than ever in the search for affordable electric vehicles that won’t disappoint. Each offers a unique set of strengths, from the Tesla Model 3’s refreshed design and competitive total cost of ownership to the IONIQ 5’s ultra-fast charging. Plus, several cheap electric cars qualify for the revised federal tax credit. Here’s the need-to-know for America’s 5 best cheap electric cars and crossovers on sale in 2024.
Tesla Model 3 Rear-Wheel Drive
Price: Starting at $40,380 with destination fees
Range: 272 miles
Charging Speed: Charging speeds up to 170 kW, adding up to 160 miles in 20 minutes
Federal tax credit: Does not qualify due to new battery sourcing for the Model 3.
In 2024, the Tesla Model 3 was fully refreshed for the first time since its launch in 2017. However, due to battery mineral sourcing, the Model 3 no longer qualifies for the federal EV tax credit. Learn which models do qualify here. However, at this sub-$40,000 price, the Model 3’s fuel savings make it surprisingly competitive with a Toyota Camry when looking at total cost of ownership.
See pre-owned Tesla Model 3 listings with local market data
Kia EV6
Price: Starting at $43,975 with destination fees
Range: 232 miles (EV6 Light Rear-Wheel Drive)
Charging Speed: Up to 230 kW speeds (adding 160 miles of range in as little as 18 minutes)
Federal tax credit: No, the EV6 does not qualify in 2024. It is currently built in Korea.
Get up to 310 miles of range with the higher-spec Light Long Range RWD, which starts at $45,950. The EV6 has won multiple awards, and is much-loved by owners. It charges VERY fast at public DC fast chargers, which comes in handy on road trips.
See pre-owned Kia EV6 listings with local market data
Tesla Model Y
Price: Starting at $45,380 with destination fees
Range: 260 miles
Charging Speed: Up to 170 kW speeds (adding up to 160 miles in 20 minutes)
Federal tax credit: Yes, all Model Ys qualify. The tax credit is subject to household income limits. Learn more.
The Tesla Model Y is the best-selling EV in America in 2024. Prices have fallen by $20,000 over the past two years, and the federal EV tax credit has returned with the passage of 2022’s Inflation Reduction Act. The Model Y’s greatest strength is perhaps the Supercharger network, which takes the hassle out of charging. Along with the Model 3, this Tesla is the perfect choice for newcomers to the EV lifestyle, as long as you don’t mind the minimalist interior.
See pre-owned Tesla Model Y listings with local market data
Ford Mustang Mach-E
Price: Starting at $44,795 with destination fees
Range: 247 miles
Charging Speed: Up to 115 kW speeds (adding up to 160 miles in 30 minutes)
Federal tax credit: Yes, the Mustang Mach-E qualifies for the federal EV tax credit (income limits apply). Learn more.
There’s an extreme oversupply of Mustang Mach-Es on Ford dealership lots right now. It’s an amazing EV, though Ford just built too many of them too fast. See the new cars with the most and least inventory.
See Ford Mustang Mach-E listings with local market data
Hyundai IONIQ 5
Price: Starting at $44,580 with destination fees
Range: 220 miles (SE Standard Range)
Charging Speed: Up to 230 kW speeds, adding up to 160 miles in 18 minutes
Federal tax credit: Sadly, the IONIQ 5 does not qualify for the federal tax credit. It is built in Korea. However, Hyundai is building an EV production plant in Georgia, which should return eligibility later this decade.
The cheapest IONIQ 5, the SE Standard Range, is rare here in the United States. That’s not such a bad thing when you consider that for just $4,000 more, you can get 303 miles of EPA-rated range. I own an IONIQ 5 Limited AWD, and after two years and 40,000 miles, I still love it. It’s the best car I’ve ever had. If you travel at least a few times a year, I highly recommend upgrading to the longer-range options.
See Hyundai IONIQ 5 listings with local market data
Runner-Up: Volkswagen ID.4
Price: Starting at $40,290 with destination fees
Range: 209 miles (ID.4 Standard)
Charging Speed: Up to 140 kW speeds (adding up to 160 miles of range in 40 minutes)
Federal tax credit: Yes, all ID.4s made in America qualify. Verify that your VIN was an American build. Learn more.
There are two reasons why the ID.4 didn’t quite make the top 5: slower charging and less range. If you rarely take long-distance road trips, or you are especially patient, the ID.4 is not a bad choice. The Volkswagen ID.4 is now built in Chattanooga, Tennessee. That’s great for many reasons, but especially because the ID.4 now qualifies for the $7,500 federal tax credit (income limits apply). Need more range? For $43,995, you can get 275 miles of range with the ID.4 Pro.
See Volkswagen ID.4 listings with local market data
What about the Chevy Bolt and Equinox EV?
In 2024, we’re seeing a gap in Bolt production as Chevrolet launches the faster-charging but more expensive Equinox EV, and re-tools a production facility in Kansas to bring the next generation of the Bolt EV to life in 2025. The Bolt was super affordable, starting well under $30,000 before the tax credit. However, it charges painfully slow for frequent travelers. However, there are a few 2023 Bolt EVs left on the market. You can check them out here.
The Equinox EV simply hasn’t arrived yet. It’s starting price was just announced at $34,995, but it will be far more capable than the last generation’s Chevy Bolt. Expect a larger, faster-charging EV for about $7,000 – 10,000 more than the Bolt.
Why not the Nissan LEAF? Sadly, Nissan continues to produce the LEAF with outdated hardware. Even in 2024, the LEAF includes a charging standard that the rest of the industry has long since moved on from. It’s called the Chademo plug, and you’re in for some serious inconveniences if you travel at all in a Nissan LEAF. For that reason, we can’t recommend the LEAF until Nissan finally switches over to either CCS or NACS charging standards.
Toyota Faces Multiple Scandals Amid Record Sales
Despite achieving a record-breaking sales year in 2023, with over 11 million vehicles sold worldwide, Toyota is currently navigating through a turbulent period marked by a series of scandals and controversies across its 17 companies. The Japanese automotive giant, renowned for its quality and safety, has been hit by governance issues and testing irregularities that threaten to tarnish its global reputation. Should you be concerned about Toyota reliability? Here’s what you need to know.
Toyota’s Chairman Issues Apologies, Acknowledging Fault
Toyota’s chairman, Akio Toyoda, has publicly apologized for the scandals plaguing its subsidiaries, including small-car maker Daihatsu, truck manufacturer Hino Motors, and Toyota Industries, which is responsible for producing engines. The issues primarily revolve around certification test procedures for cars and engines, casting a shadow over Toyota’s commitment to quality and integrity. In a bold move, Toyoda addressed the media and stakeholders, expressing deep regret for the inconvenience and concern caused by these irregularities.
“I would like to express my deepest apologies to our customers and stakeholders for the inconvenience and concern caused by the successive irregularities at Hino Motors, Daihatsu and Toyota Industries,” Toyota Chairman Akio Toyoda told reporters
The Impact on Production and Sales
The repercussions of these scandals are already being felt among affected brands. Daihatsu suspended shipments of all its cars following a safety scandal investigation that revealed issues with 64 models, some of which are sold under the Toyota brand.
This has led to a significant drop in Daihatsu’s global production and sales. The Daihatsu scandal led the company to halt production. Toyota itself has halted shipments of certain models, including the Hilux truck and Land Cruiser 300 SUV, after an independent panel discovered wrongdoing in tests for diesel engines produced by Toyota Industries.
Cheating on Engine Testing
The situation worsened when Japanese transport officials raided a Toyota-affiliated plant after the company admitted to cheating on engine testing. This admission adds another layer to the company’s current woes. This scandal is particularly damaging as it involves some of Toyota’s most popular international models, including the Land Cruiser and Hilux SUVs, affecting markets in Japan, Europe, the Middle East, Africa, and Asia.
The Takata Airbag Recall Continues
Takata’s massive airbag recalls have been ongoing for over a decade. Since 2013, over 40 million cars and trucks have been recalled due to dangerous hazards from the airbags.
In 2024, Toyota is expanding the Takata airbag recall even further. The company has issued a warning to owners of about 50,000 vehicles in the United States. The new Toyota recall includes certain model years of the Corolla and RAV4. Toyota advises drivers to take their vehicles in for service immediately.
These are the models and years affected by the most recent Toyota recall:
- 2003 and 2004 Corolla
- 2023 and 2004 Corolla Matrix
- 2004 and 2005 RAV4
See if your VIN is included in ANY Toyota recall here.
Should Toyota Drivers Be Concerned?
As Toyota grapples with these multiple fronts of controversy, leadership is under pressure to steer the company out of scandal and restore its image. However, with no concrete plan of action, Toyota drivers are wondering what’s next.
Should you be concerned about Toyota’s reliability? In the United States, no major issues have arisen aside from the decade-long Takata airbag recalls. Regardless, we highly recommend checking if your VIN is subject to ANY recalls, regardless of make or model. Use the U.S. NHTSA’s free recall checker here.
No matter how you look at it, Toyota’s resilience is under pressure. Drivers and competitors alike are watching closely to see how the automaker known for reliability will respond to these challenges.
See the Only Super Bowl Car Commercials This Year
For the first time in over two decades, Super Bowl 58 will come and go without advertisements from America’s largest automakers. Ford, General Motors, and Stellantis, the parent company of Chrysler, are all sitting out the 2024 Super Bowl ad frenzy. Traditionally, the Detroit Three dominated Super Bowl car commercials. Not anymore. But which automakers ARE advertising in the 2024 Super Bowl? We’ve got the complete list below.
By the way, if you’re wondering how much Super Bowl commercials cost this year, the latest word on the street is somewhere north of $7 million per 30-second spot.
Toyota
Toyota is all-in on the Super Bowl this year with a series of ads starring former NFL quarterback Eli Manning, YouTuber Pushing Pistons, and other big names. These ads will showcase various Toyota models, including the Supra and the all-new Land Cruiser SUV. From the teasers we have, it’s interesting to see Toyota advertising niche models rather than going for mass appeal.
Here’s another Toyota Super Bowl commercial:
Should you worry about the recent Toyota scandal? Here’s what we think.
Volkswagen
Volkswagen is returning to Super Bowl advertising for the first time since 2014, with a focus on its electric vehicle lineup. The ad for the all-new ID Buzz all-electric van aims to highlight Volkswagen’s evolution from its iconic Beetle to today’s electric offerings. Volkswagen’s EVs have been no exception to the current ‘EV winter’, as the ongoing sales slump has been called.
See VW listings with local market data.
BMW
BMW’s advertisement highlight its new hybrid and electric models, and features actor Christopher Walken.
See this month’s best BMW deals.
Kia
Kia, on the other hand, is set to advertise its all-electric EV9 SUV. In January, the EV9 outsold the EV6 just one month after hitting the market. Finally, a somewhat affordable 3-row EV is here.
Are Kia’s New Cars and SUVs Reliable?
The End of Super Bowl Car Commercials?
Could 2024 be the last time we see a meaningful number of automotive Super Bowl ads? With the price tag for a half-minute spot climbing ever higher, it’s no surprise that OEMs are turning down the opportunity in times of strong headwinds. With struggling transitions to EVs everywhere you look, automakers are likely to have plenty of reasons to spend less in the years ahead.
What we could see next year is newcomers to Super Bowl commercials. It wouldn’t surprise us if the likes of Rivian, Lucid, and even Tesla fork over $10 million for a 30-second spot in 2025. Is it a wise use of millions of dollars? That’s up for you to decide.
What do you think? Let us know in the comments below.
Free Car Buying Help Is Here!
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!
The 5 Best Presidents’ Day Car Deals in 2024
As Presidents’ Day approaches, many wonder if it’s a wise time to purchase a new vehicle. Traditionally, year-end sales boast the most attractive discounts, but 2024 is close to bucking that trend. Thanks to a continuing oversupply of new cars, the enticing offers of financing, cash back, and lease deals have spilled over into February, making Presidents’ Day a great time to buy a car, but only if you’re taking advantage of this month’s promotions. Let’s take a look at the 5 best offers for drivers looking to finance, lease, or pay cash this month.
The Best Presidents’ Day Financing Offers
Chevrolet: Drive home a 2024 Chevrolet Silverado 1500 at just 2.9% APR for up to 72 months. This is a rare truck financing offer at today’s interest rates! Learn more.
Nissan: The 2023 Ariya EV shines with 0% APR for 72 months plus $1,000 in total savings. For truck enthusiasts, the 2023 Titan and Titan XD come with 0% APR for 60 months, coupled with $2,000 in total savings.
Hyundai: The 2024 Tucson and 2023 Santa Fe are available at 0% APR for 36 months, with an added bonus of $1,000 off MSRP.
Ford: Finance a new 2023 F-150 at 1.9% APR (exclusive CarEdge offer)
Mazda: This month, there’s a 0% APR offer for the 2024 CX-30 and a 1.9% APR offer for 60 months for the 2024 CX-50 (most trims). The 2024 CX-5 qualifies for 0.9% APR (exclusive CarEdge offer)
Subaru: 1.9% APR for 48 months: 2024 Subaru Outback
👉 Truck Deals Abound: Keep an eye out for exceptional truck offers this Presidents’ Day. Here are the best truck deals in February.
The Best Presidents’ Day Cash Discounts
Hyundai: New Hyundais are available at invoice pricing, which means significant savings below MSRP (exclusive CarEdge offer).
Even more from Hyundai: Additionally, cash offers include $1,750 for the 2023 Sonata, $1,500 for the 2024 Tucson, and $1,750 for the 2023 Santa Fe.
GMC: The 2023 and 2024 Sierra 1500 models come with up to $3,250 cash incentive with trade-in, no payments for 90 days, plus 0.9% APR.
Ram: The 2023 Ram 1500 Classic is available at 15% below MSRP, and remaining 2023 Ram 1500s are eligible for a $4,000 discount.
Chevrolet: The 2024 Silverado 1500 offers either 2.9% APR for 72 months or a $5,000 total cash offer with a trade-in.
The Best Presidents’ Day Lease Deals
Jeep Compass Latitude Lux 4×4 (2024): Sign and drive lease for $399/month for 39 months, including a $1,500 loyalty incentive for returning Jeep lessees. (exclusive CarEdge offer)
Dodge Hornet R/T AWD (2024): Sign and drive lease for $449/month for 24 months, with a $4,500 loyalty incentive for returning Dodge lessees. (exclusive CarEdge offer)
Ram 1500 Quad Cab Night Edition 4×4 (2024): Sign and drive lease for $479/month for 42 months, including a $3,000 loyalty incentive for returning Ram lessees. (exclusive CarEdge offer)
Chevrolet Trax LS (2024): Sign & Drive lease for $359/month for 48 months, with a requirement of another lease in the household. (exclusive CarEdge offer)
Chevrolet Silverado 1500 2FL (2024): Sign & Drive lease for $499/month for 36 months, also requiring another lease in the household. (exclusive CarEdge offer)
Is Presidents’ Day a Good Time to Buy a Car?
In conclusion, Presidents’ Day car deals in 2024 are remarkably favorable due to the ongoing oversupply of new cars. This surplus has led to more aggressive offers from manufacturers, making it an excellent time to consider a new vehicle. Oddly enough, it seems that many of the best year-end deals have spilled over into the new year. However, if you don’t plan to take advantage of the best offers, high interest rates make this a costly time to buy.
Our team has one simple take away message for you. If you’re going to buy a car this month, take advantage of low APR offers or attractive lease deals. Don’t fall victim to interest rates at 20-year highs!
👉 See ALL of the best APR offers this month
👉 See ALL of the best lease deals in February
FREE Car Buying Help Is Here
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!
The Most Reliable Tesla Models According to Consumer Reports
Tesla’s journey through the years has been a tapestry of innovation, disruption, and at times, controversy. Despite a mixed record of reliability, Tesla has undeniably cemented its position as a frontrunner in American EV sales, boasting 50% market share in 2024. With Tesla’s pricing becoming increasingly attractive, a new wave of drivers is exploring Tesla models for the first time. Consumer Reports, through rigorous testing and extensive surveys, offers insights into the reliability of Tesla’s lineup. But how does Tesla’s reliability stack up against other automakers? We’ll answer this question and more as we look at the most reliable Tesla models in 2024.
Tesla Versus the Competition: Reliability
As of 2024, Consumer Reports ranks Tesla’s overall brand #14 of the 30 car brands that they’ve tested.
Their rankings are based on Tesla’s predicted reliability score. This time-tested method of scoring reliability includes all the vehicles within that brand for the newest three model years from the latest Consumer Reports member survey.
Here are the 10 most reliable automotive brands, according to CR.
Want to see the whole list with the finer details? Check it out here.
The Most Reliable Tesla Models in 2024
Surprisingly, Tesla’s two most affordable models are their most reliable, according to testing and surveys done by Consumer Reports. The most expensive Tesla models are actually the least reliable.
In 2024, the Tesla Model 3 and Model Y are the most reliable. Let’s zoom in to the details.
2024 Tesla Model 3
Price: $38,990 – $45,990
Predicted Reliability: 47/100
Overall CR Score: 71/100
The 2024 Tesla Model 3 boasts an impressive electric range of 341 miles. Tesla’s Supercharger network ensures convenience and efficiency, significantly reducing downtime during trips. The Model 3 was recently joined by the Hyundai IONIQ 6 in the club of long-range electric sedans. If recent sales trends are any indication, the Model 3 continues to be favored by more buyers. Learn more about Consumer Reports’ Tesla Model 3 reliability ratings here.
2024 Tesla Model Y
Price: $43,990 – $52,490
Predicted Reliability: 41/100
Overall CR Score: 72/100
In 2023, Tesla sold approximately 403,700 Model Ys in a record year for the company. Consumer Reports expects the 2024 Model Y to have average reliability when compared to the average new car. This prediction is based on Consumer Reports data from 2021, 2022 and 2023 models. Learn more about Consumer Reports’ Tesla reliability ratings here.
The Least Reliable Tesla Models
2024 Tesla Model S
Price: $74,990 – $89,990
Predicted Reliability: 30/100
Overall CR Score: 63/100
The Tesla Model S is the original mainstream Tesla model, although mainstream only for luxury buyers. The Model S proved that electric vehicles had a future. In 2024, it remains in Tesla’s lineup as a tiny fraction of it’s previous importance to the company. Sales have dwindled as the Model 3 and Model Y have moved to the forefront.
The Model S has an electric range of 320 to 405 miles depending on the model, with a 100 kWh lithium-ion battery. It supports plug-in charging with various options, including a Supercharger at 150–250 kW DC, allowing for rapid charging. If you’re looking for an electric luxury sedan, the Model S should be on your short list. However, Consumer Reports found multiple trouble areas when reviewing the reliability of the Model S. Learn more about Consumer Reports’ Tesla Model S reliability ratings here.
2024 Tesla Model X
Price: $79,990 – $94,990
Predicted Reliability: 27/100
Overall CR Score: 53/100
The Tesla Model X is the least reliable Tesla model, but it’s also the most expensive. Known for its distinctive gull-wing doors, the Model X offers a cargo volume ranging from 15 to 37.1 cubic feet, which expands to 91.6 to 92.3 cubic feet with the seats down. It was the sole 3-row electric SUV until the Rivian R1S and Kia EV9 were introduced. With a range of up to 335 miles, the Model X combines practicality with Tesla’s renowned electric performance. Learn more about Consumer Reports’ Tesla Model X reliability ratings here.
2024 Tesla Cybertruck
Price: $60,990 – $99,900+
Predicted Reliability: The Cybertruck has not yet been tested by Consumer Reports. We expect CR to test Tesla’s truck late this year.
Overall CR Score: N/A
Reviews of the Cybertruck are now available. We recommend this thorough review from Out of Spec on YouTube.
The Verdict: Are Tesla’s Reliable?
In 2024, Tesla’s reliability narrative is a blend of highs and lows, with Consumer Reports placing Tesla models below average in terms of reliability. However, the Tesla Model 3 and Model Y emerge as beacons of relative dependability within the Tesla lineup, anticipated to be the most reliable among Tesla’s offerings.
