Are you looking for a great deal on a new car? Car sales are up this year, which means you’re not alone!
Car dealers may be enjoying their best year since the year 2000. As long as the industry keeps pace this week, 18.55 million cars will be sold in 2015, more than the previous high of 17.35 million in 2000.
Contributing factors? Lower unemployment, more confidence in the economy, the age of vehicles on the road and cheaper gas all point to a growth in auto sales. The average age of a car on the road is 11.5 years, leading more people to trade in their older car for a newer model.
What’s not selling so well? Sedans, according to many auto manufacturers.
Toyota’s top U.S. Sales Executive Bob Carter says that he sees cars like the tried and true Camry being outsold by compact SUVs like the RAV4 in the near future.
‘I’ll bet you lunch that will happen,’ Carter reportedly told Bloomberg and other journalists at a Toyota holiday party. ‘Many of these under-35-year-old buyers, who are entering the market in a big way right now, grew up in SUVs.’
What does this mean for you? You’ll likely get a much better deal on a new sedan versus any other type of vehicle before the year is out.
For the best end-of-year bargains, check out these three cars under $25,000 that got top scores from Consumer Reports! (For other vehicles on the list, check out the full article here.)
Best year-end car bargains
From Kelly Blue Book: The 2015 Hyundai Veloster offers up the looks of a 2-door with the practicality of a 4-door. It pulls this off by literally offering both. The driver’s side features a single long door, while the passenger’s side has two smaller ones to let rear-seat passengers get in and out more easily. The good news is that this asymmetrical design doesn’t make the Veloster look odd, in fact, its sporty hatchback shape is eye-grabbing for all the right reasons. It can back up its sporty looks, too, thanks to an available 201-horsepower turbocharged 4-cylinder engine. Best of all, the Veloster offers up plenty of features, style, fuel economy and performance at a price that seriously undercuts competitors like the Volkswagen Golf or Subaru WRX.
Hyundai Veloster (Automatic)
Total Savings Available: $3,323
Chevrolet Malibu Limited
From Kelly Blue Book: Last year, Chevrolet upgraded the Malibu midsize sedan’s suspension for a more comfortable and controlled ride, improved rear-seat room (a little), and reshaped the nose a bit. Now, Chevy’s just having fun. The 2015 Chevrolet Malibu gets available 4G LTE with OnStar, the same high-speed wireless connection that’s probably on your smartphone. And, just like your phone, the 2015 Malibu can act as a wireless hotspot, allowing broadband Internet connections through tablets, smartphones, computers, or just about any other connected technology. Otherwise, with the exception of a few new colors, the 2015 Chevy Malibu is largely carryover, and that’s fine with us. We like the quiet and comfortable ride, and the Malibu remains one of the better looking sedans in its class, inside and out.
Chevrolet Malibu Limited 1LT
Total Savings Available: $3,215
From Kelly Blue Book: After a slight facelift for 2014, the 2015 Hyundai Elantra compact gets only a few tweaks this year, mostly rearranging option packages. But that’s OK, as its style, fuel economy, interior space, features, and warranty continue to make it a tough act to follow. Both its quality ratings and resale values are as good as the leading compact cars, and the Elantra’s full lineup of sedan, coupe and GT hatchbackmodels is a real threat to compact cars like the Honda Civic,Toyota Corolla and Ford Focus. Your practical side will appreciate the 38 mpg on the highway, or you can tickle your inner enthusiast with a sporty 173-horsepower engine. Both camps will appreciate the Elantra’s 10-year/100,000-mile powertrain warranty.
Hyundai Elantra SE (Automatic)
Total Savings Available: $2,298
Keep in mind, you’ll want to consider many factors when purchasing a new car. Gas mileage, options, and resale value can all be important factors when it comes to purchasing a new car.
Want to get the most out of your car purchase? Check out the below articles to help you make the best choice!
- 10 cars that will almost certainly last 200,000 miles
- The #1 mistake new car buyers make
- New ranking: The most and least reliable new cars
Read more: Why you should limit cars loans to 42 months