The world is a brand new place these days. The global pandemic has altered the way people work, travel and buy things. One area that’s seeing the most change is the automotive industry. With the number of people staying at home or working remotely, the real need for automobiles has certainly dropped. With vehicles not getting their normal wear and tear, they are lasting longer and sales drop. Consider how many people are struggling financially as well. This is the second reason that sales have dropped. Because of this, automotive industries have had to turn to sales to stay afloat. The SUV segment is one of the biggest sellers in the world now and has certainly seen disappointing numbers.
How can this bad sales dip be overcome? Discounts! Vehicles are being discounted all the time and especially SUVs. If you’re someone who is interested in a new SUV, now might be the perfect time. It’s good to note that companies tend to change their deals every single month. If you can see a really good deal that you want to get in on, make sure you pull the trigger, it could be gone only too soon.
SUV Model Year Inventories
Despite the slow sales, companies aren’t going to stop producing new model years. In some cases, the 2022 model years are already out. In most, it’s still the 2021 model year being made available. Why is this important? It’s important because of the slow past sales and extra inventory mean there’s a variety of model years available. Many SUVs are also available brand new in their 2020 model year.
The older the model year, the more money that can be saved. Typically, for 2021 models, you may find savings of around $500 to $3,000 on a new SUV. That’s certainly a decent return on investment. However, if you look further back to the 2020 model year, there’s even better results. Some companies are offering up to around $8,000 off their sticker prices for any 2020 models they still have laying around. That’s a significant amount to be sure.
Another way that people may not realize they are getting a discount on an SUV is through the financing available. Rather than higher financing rates around 7.9%, many SUVs can be had for as low as 0% financing. That can save you thousands over the course of paying off the vehicle.
Popular SUVs
If you’re going to buy an SUV at a discount, which vehicle is it going to be? There’s a lot of great SUVs on the market today. Some of the best include:
- Honda CR-V - A reliable and well loved choice, the CR-V is always selling well.
- Lincoln Navigator - The Navigator is a huge three row SUV that is also full of exciting luxury upgrades.
- Ford Escape - When it comes to trucks and SUVs, the Ford Escape continues to be a really popular choice across the nation.
- BMW X1 - While it may be a subcompact, it’s loaded with features and gives an excellent driving feel.
- Hyundai Palisade - The distinct styling and surprisingly impressive loadout of the Palisade makes it a great midrange option for almost any SUV lover.
- Porsche Cayenne - The Cayenne proves that sportiness doesn’t have to be an afterthought when it comes to SUVs.
