Despite the vehicle shortage and inflated new car pricing, Consumer Reports’ analysts recently found 10 models that right now are now selling below their MSRP sticker price---two of which include trucks!
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New Car Deals 2-7% Below MSRP
According to Consumer Reports, discounts are not a thing of the past---you just have to be on top of the market and catch those end of year sales when dealerships need to make room for next year’s models.
To help car buyers stay on top of the new car market, analysts at CR recently mined car purchasing data to find out what models’ people are buying today that offer savings below the MSRP ranging from 2 percent to 7 percent off the original price.
The caveat to the selected models listed is that “These are often specific trims or drive-wheel configurations rather than savings being consistent across a model range,” advise CR automotive experts. In addition, the geographic region can make a difference as well sometimes requiring a willingness to cross state borders to snag that deal.
With that in mind, the importance of this listing is that it arms car shoppers with the most recent listings of what sold when and for how much, which adds to your arsenal as you negotiate with a car dealer using your fact-based research. Furthermore, there is the added benefit of the knowledge that the trade-in value of your used car is an even more important bargaining chip this year than it was before the pandemic.
That said, here are the most discounted cars listed as a mix of 2022 and 2023 models listed below in descending order of savings off MSRP by percentage.
THE 10 MOST DISCOUNTED NEW CARS RIGHT NOW
1. 2022 Ford F-150 (7% Off)
Price Range: $31,520 - $81,085
CR MPG: Overall 19 / City 13 / Hwy 26 mpg
Rated #3 of 27 Full-sized pickup trucks
Selected Model: 2022 Ford F-150 XLT SuperCrew 5.5’ Bed 4WD
MSRP: $48,625
Average savings off MSRP: $3,328
Average transaction price: $45,297
2. 2022 Chevrolet Silverado 2500HD (6% Off)
Price Range: $39,500 - $67,400
Note: Not completely reviewed by CR as of this listing
Selected Model: 2023 Chevrolet Silverado 2500HD LTZ Crew Cab Standard Bed 4WD
MSRP: $58,900
Average savings off MSRP: $3,503
Average transaction price: $55,397
3. 2022 Cadillac XT6 (5% Off)
Price Range: $48,595 - $58,295
CR MPG: Overall 18 / City 12 / Hwy 26 mpg
Rated #9 of 31 Luxury midsized sport-utility vehicles
Selected Model: 2022 Cadillac XT6 Premium Luxury FWD
MSRP: $52,995
Average savings off MSRP: $2,479
Average transaction price: $50,516
4. 2022 Land Rover Discovery Sport (4% Off)
Price Range: $43,200 - $48,500
CR MPG: Overall 21 / City 14 / Hwy 28 mpg
Rated #24 of 35 Luxury compact sport-utility vehicles
Selected Model: 2022 Land Rover Discovery Sport S
MSRP: $43,200
Average savings off MSRP: $1,534
Average transaction price: $41,666
5. 2022 BMW 5 Series (3% Off)
Price Range: $54,200 - $142,000
CR MPG: Overall 26 / City 16 / Hwy 40 mpg
Rated #3 of 13 Luxury midsized cars
Selected Model: 2022 BMW 5 Series 530i Sedan RWD
MSRP: $54,200
Average savings off MSRP: $52,581
Average transaction price: $1,619
6. 2022 Chevrolet Blazer (3% Off)
Price Range: $33,400 - $44,000
CR MPG: Overall 19 / City 13 / Hwy 27 mpg
Rated #4 of 12 Midsized sport-utility vehicles
Selected Model: 2023 Chevrolet Blazer 3LT FWD
MSRP: $39,300
Average savings off MSRP: $1,027
Average transaction price: $38,273
7. 2022 BMW X3 (3% Off)
Price Range: $43,700 - $70,100
CR MPG: Overall 24 / City 16 / Hwy 36 mpg
Rated #6 of 35 Luxury compact sport-utility vehicles
Selected Model: 2022 BMW X3 xDrive30i AWD
MSRP: $45,700
Average savings off MSRP: $1,158
Average transaction price: $44,542
8. 2022 Cadillac XT4 (2% Off)
Price Range: $35,795 - $42,095
CR MPG: Overall 23 / City 16 / Hwy 31 mpg
Rated #10 of 13 Luxury entry-level sport-utility vehicles
Selected Model: 2022 Cadillac XT4 Sport FWD
MSRP: $39,395
Average savings off MSRP: $851
Average transaction price: $38,544
9. 2022 BMW X5 (2% Off)
Price Range: $60,600 - $106,100
CR MPG: Overall 23 / City 15 / Hwy 33 mpg
Rated #1 of 31 Luxury midsized sport-utility vehicles
Selected Model: 2023 BMW X5 xDrive40i
MSRP: $63,900
Average savings off MSRP: $1,339
Average transaction price: $62,561
10. 2022 Alfa Romeo Stelvio (2% Off)
Price Range: $45,550 - $84,650
CR MPG: Overall 24 / City 17 / Hwy 32 mpg
Rated #22 of 35 Luxury compact sport-utility vehicles
Selected Model: 2023 Alfa Romeo Stelvio Sprint AWD
MSRP: $48,200
Average savings off MSRP: $963
Average transaction price: $47,237
And finally…
For a more detailed breakdown of the data, please visit the CR website. Note that while access to some information requires a CR membership, the potential savings make it negligible in comparison when looking for the latest information to aid your car buying research.
Be sure to check out other CR-related articles for saving money that include “Consumer Reports Shows All-Wheel-Drive Owners How to Save Money on Their SUV Tires” and “Consumer Reports Treadwear Testing Reveals How Long Some Tire Types Really Do Last.”
COMING UP NEXT: Just Rolled In Friday Fix: Bad Owners, Bad Cars
Timothy Boyer is Torque News Tesla and EV reporter based in Cincinnati. Experienced with early car restorations, he regularly restores older vehicles with engine modifications for improved performance. Follow Tim on Twitter at @TimBoyerWrites for daily new and used vehicle news.
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