SUV Prices Are Dropping: Find Deals on These Models
Over the past decade, uncontrollably high gas prices and a need for more driving changed the trajectory of the SUV market among auto manufacturers forever. Those with SUVs quickly exchanged them for more efficient vehicles and drivers definitely were not purchasing any new vehicles for almost an entire decade.
In fact, the industry saw an 18% drop in sales from 2008. Manufacturing slowed, SUV prices shot up, and most people ran away from SUVs like the plague.
So how have SUVs become more popular than ever today?
A New ERA of SUV
Gas prices started quickly declining from their record highs during the early part of this decade. But, not only that. Major manufacturers learned that consumers simply don’t have the appetite for a heavy, inefficient SUV that could cost them a third of their income at the pump regardless of gas prices.
To that end, starting just a few years ago, automakers crafted a new line of SUVs and crossovers, designed to blend the size and comfort of SUVs with the performance and efficiency of sedans. With this development and an increased demand in the more efficient vehicles, manufacturers started upping production once again, leaving many dealerships with an influx of SUVS to get off their lot this year.
How You Can Find These Deals
Starting in October, more so than ever, new SUV buyers will benefit from incentives offered by dealers who need to make space for 2018 models arriving in the fall.
So whether you want an SUV to take your family on a cross-country road trip before school starts, or your commute requires a fuel-efficient ride with cargo space, cash back incentives are emerging as we speak.
The 2017 Buick Encore is guaranteeing $4,000 cash back plus 1.9% financing for 5 years. The award-winning Nissan Murano (winner of the 2017 Best 2-Row SUV for the Money award) is a crowd favorite that is offering 0% APR for 72 months and $1,750 cash back. In addition, this month, Kia is offering zero percent financing for 5 years and $1,000 cash back on the Sorento.
Additionally, according to US News, Toyota is offering $2,000 cash back on the 2017 Toyota Rav4, a spacious, dynamic, 5-passenger vehicle. If you’re a Chevy fan, the 2017 Chevrolet Equinox is selling for $4,500 below MSRP this month. These are just a few of the deals we’ve spotted.
To get the biggest savings in your area, do your research, as many of the dealerships’ biggest deals are location-based. You could find yourself with even bigger savings than the above!
If you’re interested in SUV deals, start a search today.