Prices for new car models have soared out of sight over the past few years. But in a few cases, you can now purchase a new car for below the manufacturer’s suggested retail price.
Overall, the price of new vehicles continues to climb, according to a new study from iSeeCars.com. The MSRP of new cars has jumped 7.4%, and dealers are tacking on an additional 8.5% to that cost.
But some asking prices are slipping below the MSRP. Following are several new car models you can buy below their retail value.
6. Hyundai Ioniq 6
Average MSRP: $50,566 as of June
Average price: $50,508 as of June (0.1% less than the MSRP)
The Hyundai Ioniq 6 is an electric sedan that has a range of more than 300 miles. It is just one of several hybrid or electric vehicles that is selling for a relative bargain these days.
In a summary of the iSeeCars findings, executive analyst Karl Brauer notes that dealers are pricing these vehicles more aggressively, and that “relatively stable gas prices over the past several months” has reduced demand hybrids and EVs.
5. Chevrolet Silverado 1500
Average MSRP: $52,050 as of June
Average price: $51,835 as of June (0.4% less than the MSRP)
The Chevrolet Silverado 1500 offers four engine options, including the TurboMax, which features 310 horsepower and 430 pound-feet of maximum torque.
4. Hyundai Ioniq 5
Average MSRP: $51,551 as of June
Average price: $51,289 as of June (0.5% less than the MSRP)
The Hyundai Ioniq 5 is an electric SUV that the manufacturer says has “extremely limited availability.” Normally, a lack of supply drives prices higher, but not with this vehicle.
3. Ford F-150 Hybrid
Average MSRP: $84,847 as of June
Average price: $84,146 as of June (0.8% less than the MSRP)
The Ford F-150 Hybrid features Pro Power Onboard, which the manufacturer says you can use to power everything from power tools to small kitchen appliances to TVs.
2. Infiniti QX80
Average MSRP: $82,333 as of June
Average price: $81,292 as of June (1.3% less than the MSRP)
The Infiniti QX80 features three rows of seating and a standard vehicle maintenance plan that lasts for up to three years after you buy the vehicle.
1. Chrysler Pacifica Hybrid
Average MSRP: $50,620 as of June
Average price: $49,661 as of June (1.9% less than the MSRP)
Chrysler bills the Pacifica Hybrid as “America’s first and only plug-in hybrid minivan.” It has a range of more than 500 miles.