Interest rates are rising, and the economy remains on the brink of an inflation-driven recession, but deals can still be had when buying a new car. Every month, the team at CarEdge pores over the latest offers from every automaker. The result is a one-stop resource to share the very best new car deals with you.
Not finding what you’re looking for? We’ve included links to each automaker’s website. Check back frequently, as this living page will be updated regularly.
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Chevrolet Equinox: $239 per month for 24 months with $2,289 due at signing Chevrolet Blazer: $249 per month for 24 months with $2,709 due at signing Chevrolet Colorado: $319 per month for 36 months with $4,149 due at signing Silverado 1500 Crew Cab 4WD LT: $399 for 36 months with $3,949 due at signing
With interest rates rising and inflation putting pressure on automakers and their dealer networks, the only thing that could bring better new car deals would be plummeting demand. We’ve seen signs of weakening demand and higher new car inventory, but nothing considered drastic. Expect auto loan interest rates to climb in 2023. The best car deals in December won’t last.
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Every year, Consumer Reports sends dozens of car models through half a million miles of track testing and data collection. The non-profit organization buys all of its test cars anonymously from dealers and does not accept free samples from automakers. The Consumer Reports testing regimen includes more than 50 scientific tests on every vehicle it evaluates.
The respected organization combines their findings with survey data from their 6 million subscribers to publish their annual Consumer Reports brand rankings. The pinnacle of the Consumer Reports’ annual rankings is the overall scores tallied for each brand.
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In 2022, Consumer Reports scored 32 automotive brands based on their overall scores in reliability, consumer satisfaction, road testing and safety. This year’s rankings bring surprising changes and a new leader.
Subaru Overtakes Mazda as the Top-Ranked Auto Brand
Subaru climbed two spots to number one in the 2022 Consumer Reports brand rankings. The Japanese automaker known for standard all-wheel drive dethroned Mazda with an overall score of 81. The 2022 Subaru Forester has ranked among Consumer Reports’ top picks for the 9th consecutive year. Fascinatingly, six of the top 10 brands in 2022 are Japanese automakers: Subaru, Mazda, Honda, Lexus, Toyota and Infiniti.
The highest ranking American automakers in 2022 are Buick (72), Chrysler (71), and Dodge (67). Cadillac and Ford just barely passed the test, scoring 63 and 62 overall. Chrysler and Dodge have been known for reliability issues in the past, so it’s great to see them improving. Likewise, BMW’s luxury vehicles have long been known for their maintenance expenses, so to achieve #3 overall is a notable feat.
As more automakers make advanced safety features standard on their models, the weight of Consumer Reports’ safety scoring is separating the winners from the losers.
The Best Car Brands in 2022
With Subaru now number one overall, Mazda falls to second place, followed by BMW, Honda, Lexus, Audi, Porsche, Mini, Toyota, and Infiniti. Here are the overall brand scores from Consumer Reports.
Tesla Slips With Polarizing Steering Wheel
Tesla fell seven spots to #23 in Consumer Reports’ overall brand rankings. In a press release, Consumer Reports cited the so-called ‘yoke’ steering wheel in the refreshed Tesla Model X and Model S as causes for concern and consumer dissatisfaction. Jake Fisher of Consumer Reports told Automotive News that Tesla’s tendency to push the limits is partly to blame. “It dropped more than any other automaker, kind of due to their own decisions,” he said.
Consumer Reports Green Choice Awards Remain Hybrid-Focused
Everyone’s talking EVs, however Toyota’s hybrid powertrains remain the top-rated low-emissions choice at Consumer Reports. As part of their focus on low-emissions transportation, CR included the Green Choice designation for the second year. Toyota (9th overall) leads the Green Choice awards with 11 hybrid and plug-in hybrid models on the list.
What’s particularly interesting about this is the fact that Toyota has yet to release a single fully-electric vehicle. Their first, the 2023 Toyota bZ4X, is due to arrive later this year.
You can access the detailed 2022 Consumer Reports brand rankings with a membership to the non-profit.
CES 2022 was marked by innovations in the metaverse, NFTs, crypto, and sustainability. But many of the greatest headlines from CES 2022 were in the arena of automotive news. Here are five stories that stood out from automakers that brought their best and brightest.
Sony’s VISION-S Initiative Becomes Sony Mobility
At CES 2020, Sony announced “VISION-S,” an initiative to bring Sony’s tech know-how into the world of mobility. There was a prototype sedan on display, and it was all the rage among automotive and PlayStation enthusiasts. Sony secretly started public road testing in Europe in December of the same year, and has now shared that they were conducting a number of driver experience tests featuring their cutting-edge vehicle technology platform under development.
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Two years after kindling their own automotive rumors, Sony CEO Kenichiro Yoshida confirmed the establishment of Sony Mobility at CES 2022. During the announcement, Sony unveiled Vision-S 02, an electric crossover prototype, but offered no specific details about pricing or release dates. With the electric vehicle space getting more and more crowded as legacy OEMs and startups alike unveil their EV plans, Sony must be quite confident that they have something special to bring to the table as they launch Sony Mobility. We’ll be following this one closely.
Chevrolet and Cadillac Introduce Electric Concepts, an electric Silverado and More
Arguably the biggest headline out of CES 2022 was the full unveiling of the 2024 Chevrolet Silverado EV. With up to 400 miles of range, powerful performance and both luxury and work-oriented trims, the 2024 Silverado EV is positioned to fiercely compete with the F-150 Lightning and Rivian R1T. Who knows, maybe the Tesla CyberTruck will be trickling out of Tesla’s Gigafactory by the time the Silverado EV arrives in customer hands starting in 2023.
Electric vehicles are still expensive. Until prices come down, most consumers won’t be considering going electric for their next purchase. That’s why Chevrolet’s announcement of a $30,000 electric Equinox is a big deal for the whole industry. Coming in 2023, the Equinox EV will be based on GM’s highly-efficient and affordable Ultium platform.
Cadillac is slated to become the first GM brand to go all electric by 2030. The 2023 Cadillac Lyriq will be the first electric Cadillac to arrive at dealerships later this year, and it’s one beautiful luxury crossover. However, it turns out the Cadillac has even more ambitious plans on the table.
At CES, Cadillac introduced the funky and far-out InnerSpace concept. The InnerSpace ‘design experience,’ as Cadillac puts it, is the latest addition to their Halo Concept Portfolio. The InnerSpace is a two-passenger autonomous electric luxury concept vehicle that features nearly 360-degree panoramic views, massive LED displays with integrated augmented reality, and ‘wellness recovery’ features. It sure is something to think about.
Batteries Not Included: EV Startup VinFast Is Entering the US Market
VinFast has been taking the EV scene by storm. Part of their sudden popularity is probably due to the EV stock craze, but some of the attention is because of the different and controversial approach the Vietnamese startup is taking for power supply. VinFast says it will lease batteries to customers rather than including them as standard equipment. They likely took inspiration from Chinese electric automaker Nio’s success with battery swapping, but at least batteries come with their vehicles.
Also at CES 2022, VinFast shared prototypes of their upcoming electric SUVs, the VF-8 and VF-9. VinFast already began deliveries of its first electric SUV in Vietnam last year. It intends to deliver six EVs to international markets by mid-2023.
At CES, the company shared pricing for two models that are nearing production. The midsized VF 8 SUV will start at $41,000. The three-row VF 9 will start at $56,000. However, there’s a big catch. Those prices are without the battery! We’ll see how North American consumers feel about buying an EV without its most essential component.
Stellantis’ Chrysler Airflow Envisions an All-Electric Future for the Automaker
Talk about ambition! In 2022, Chrysler has zero electric vehicles for sale. In fact, it doesn’t intend to sell any EVs until 2025. No big deal, right? What if I told you that by 2028, Chrysler plans to be 100% electric? As crazy as that sounds, that’s exactly the plan that Stellantis shared with us at CES 2022. From the looks of it, they do have a promising EV in the works.
The 2025 Chrysler Airflow is a sleek electric sedan concept that may be closer to production than it seems. The automaker calls it a technology-forward design optimized for efficiency and driver experience. The Airflow integrates leading-edge drive-system technology with intuitive AI and connected vehicle technology that delivers 350- to 400-mile range. They also say it includes the new “STLA SmartCockpit, powered by STLA Brain, that enables an extension of digital, work and home environments, all in sync to create a personalized experience for every passenger.”
Chrysler also says that the Airflow will include STLA AutoDrive, a Level 3 autonomous driving system. That’s a bold claim considering that even the best driver assistance systems today are Level 2, requiring active monitoring at all times. The upcoming Chrysler EVs will also be upgradable via over-the-air (OTA) software updates.
The Mercedes Vision EQXX Is Engineered for Extreme Efficiency
As of 2022, the best long-range EVs on the market offer 400-500 miles of range on a single charge. Notably, the Lucid Air, Tesla Model S and brand-new Mercedes EQS are capable of going the distance. Now, Mercedes-Benz says it is aiming to bring an electric vehicle with more than 620 miles of range to the market by 2024.
The Vision EQXX concept is “more than just a car, it’s a technology program,” according to Mercedes-Benz Chief Technology Officer Markus Schäfer. The next-generation of Mercedes EVs will feature redesigned battery architecture that includes more silicon to increase energy density without making the battery any larger. If you’re in the market for a long-range luxury Mercedes, the German automaker has big plans for taking electric luxury to new heights.
You may have noticed something about the automotive headlines out of CES 2022: the golden era of EVs appears to be upon us. The roaring ‘20s are turning out to be the whirring ‘20s as electric motors make their way into seemingly every new auto. Whether consumers and infrastructure are ready or not, OEM investments in electrification seem unstoppable at this point. What do you think? Are you excited for what’s to come? Or do you see trouble on the horizon? We’ll keep you up to date as the industry transforms like never before.