With the ongoing new car shortage it’ll probably be easier to find an open spot on the beach for your blanket than discounts on a vehicle purchase.
(Bess Adler/Bloomberg via Getty Images)
Transaction prices have reached record highs and a J.D. Power study found that the average incentive across the market dropped to just 4.3% in August.
Used car prices are also through the roof, but that means savvy shoppers with a trade-in are in a good position to make out if they can score a rare deal on a new vehicle.
Edmunds has scoured the market for models with relatively large inventories and discounts to help and has found a few to look out for if you’re not too picky:
2021 Jeep Renegade
This undated photo provided by Stellantis shows the 2020 Jeep Renegade, a small SUV that offered an average savings of about 14% in August. (Stellantis via AP)
Average MSRP: $29,671; average discount: $4,108 (14% discount)
2021 Buick Encore GX
(Buick)
Average MSRP: $29,833; average discount: $3,049 (10% discount)
2021 Kia Forte
(Kia)
Average MSRP: $21,898; average discount: $1,946 (9% discount)
2021 Nissan Murano
(Nissan)
Average MSRP: $42,823; average discount: $3,671 (9% discount)
2021 Ram 1500
(Ram)
Average MSRP: $53,755; average discount: $3,456 (7% discount)
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Cars.com also has a few suggestions for vehicles with widely-available discounts, and agrees with Edmunds on the Murano.
2021 Nissan Murano
(Nissan)
Discount: $2,500 to $3,500; price range after savings: $31,500 to $50,500
2021 Nissan Leaf
(Nissan)
Discount: $3,000 to $7,500; price range after savings: $25,000 to $40,000
2021 Chevrolet Equinox
(Chevrolet)
Discount: $3,000 (not available on base trim); price after savings: $24,500 to $43,000
2021 Buick Enclave
(Buick)
Discount: $4,250; price after savings: $37,000 to $59,500
The Associated Press contributed to this report
