10 New Cars with Falling Prices in 2024 (and Why You Might Score a Great Deal)

The car market has been a wild ride in recent years. Between chip shortages, supply chain disruptions, and rising interest rates, securing a new car at a reasonable price has felt like a gamble. But fear not, car shoppers! There’s good news on the horizon.

Industry analysts are predicting a shift in the market, with prices for some new car models starting to dip in 2024. Here, we explore 10 exciting new vehicles experiencing price drops, along with the potential reasons behind these trends:

1. Jeep Grand Cherokee: The iconic Jeep Grand Cherokee continues to be a popular choice for adventure seekers. This year’s model boasts a luxurious interior, improved off-road capabilities, and a range of powerful engine options. While the starting MSRP remains around $40,700, some dealerships have been offering enticing discounts, making the Grand Cherokee a more accessible option.

Possible Reasons for Price Drops: Increased competition in the large SUV segment, with rivals like the Ford Bronco and Toyota Sequoia offering compelling features.

2. Jeep Gladiator: The rugged Jeep Gladiator is a pickup truck for those who crave open-air freedom. This versatile vehicle combines the iconic Jeep design with the functionality of a truck bed. Similar to the Grand Cherokee, the Gladiator’s starting MSRP sits around $38,000, but dealerships are increasingly offering deals to attract buyers.

Possible Reasons for Price Drops: Potential oversupply in the mid-size truck market, with strong competition from established players like the Toyota Tacoma and Chevrolet Colorado.

3. Ford Mustang Mach-E: The Ford Mustang Mach-E is a stylish and powerful electric SUV that injects a dose of muscle car spirit into the EV market. While Tesla continues to dominate the electric vehicle landscape, the Mustang Mach-E offers a compelling alternative at a slightly lower price point. Ford itself has reduced the base price of the 2024 Mach-E by $3,600, making it even more attractive to budget-conscious EV shoppers.

Possible Reasons for Price Drops: Increased competition in the electric SUV segment, with new entries like the Hyundai IONIQ 5 and Kia EV6 offering comparable features. Strategic price adjustments from Ford to remain competitive.

4. Chevrolet Blazer EV: The Chevrolet Blazer EV joins the electric SUV race with a spacious interior, a powerful drivetrain, and a bold design. While still a relatively new model, the Blazer EV has seen some dealerships offering initial discounts to attract early adopters.

Possible Reasons for Price Drops: Similar to the Mustang Mach-E, the Blazer EV faces stiff competition in the electric SUV segment.  Dealerships might be offering introductory discounts to gain market share.

5. Nissan Ariya: The Nissan Ariya is a sleek and futuristic electric crossover that offers a blend of style, performance, and range. Nissan has actively reduced the price of the 2024 Ariya across various trims, making it a more competitive option in the electric vehicle market.

Possible Reasons for Price Drops: The Ariya may not have achieved the initial sales volume Nissan anticipated, prompting price reductions to attract more buyers.

6. Mazda CX-90: The Mazda CX-90 is a brand new three-row SUV that combines luxury appointments with a sporty driving experience. While the starting MSRP sits around $40,900, some early deals might be available from dealerships looking to move initial inventory.

Possible Reasons for Price Drops: As a new model, dealerships might be offering introductory discounts to generate buzz and establish the CX-90 in the market.

7. Hyundai IONIQ 6: The Hyundai IONIQ 6 is a stylish and aerodynamic electric sedan that boasts impressive range and fast-charging capabilities. While the starting MSRP might seem higher than some competitors, some dealerships might offer initial promotions to attract early adopters to this new model.

Possible Reasons for Price Drops: As a new model, dealerships might be employing introductory offers to build brand awareness and customer interest in the IONIQ 6.

8. Kia EV6: The Kia EV6 is a sporty and versatile electric crossover that offers impressive performance and a spacious interior. It has been a popular choice among early electric vehicle adopters. While the starting MSRP remains around $40,990, some dealerships might be willing to negotiate slightly, especially for leftover 2023 models.

Possible Reasons for Price Drops: Dealerships might be clearing out leftover 2023 inventory to make way for the 2024 models. Additionally, the increasingly competitive electric SUV market might lead to some price flexibility.

9. Dodge Durango: The Dodge Durango is a powerful and spacious muscle car disguised as a family SUV. While not technically a new model for 2024, the Durango continues to offer a compelling combination of performance and practicality. The starting MSRP of around $36,995 is attractive, and some dealerships might offer additional discounts, especially on higher-mileage trims.

Possible Reasons for Price Drops: The Durango faces stiff competition in the large SUV segment, with rivals like the Chevrolet Tahoe and Ford Expedition offering similar features. Additionally, Dodge might be offering incentives to move older stock and make way for potential future updates to the Durango.

10. Chrysler Pacifica: The Chrysler Pacifica remains a minivan favorite, offering a comfortable ride, a luxurious interior, and plenty of family-friendly features. While the starting MSRP sits around $38,045, minivans have historically benefited from manufacturer rebates and dealership discounts. Here too, you might be able to negotiate a good deal.

Possible Reasons for Price Drops: Minivans have seen a decline in popularity in recent years, with SUVs becoming the preferred choice for many families. This might lead to manufacturers and dealerships offering more attractive pricing to entice minivan shoppers.

So, How Can You Score a Great Deal on a New Car in 2024?

With the knowledge that some new car prices are starting to fall, here are some tips to maximize your chances of getting a great deal:

• • Do your research: Before heading to dealerships, be sure to research the car you’re interested in. Know the typical selling price, available trims and features, and any potential discounts or rebates.
  • Shop around: Don’t limit yourself to just one dealership. Get quotes from several dealerships to compare pricing and negotiate the best possible deal.
  • Consider a leftover 2023 model: Dealerships might be more willing to negotiate on leftover models from the previous year as they try to clear out inventory.
  • Be patient: Don’t feel pressured to rush into a purchase. If you’re not happy with the deal, walk away and keep shopping. The right car at the right price is out there!

By following these tips and taking advantage of the falling prices on some new car models, you can drive away in your dream car without breaking the bank.

 Finding the Perfect Deal with Open Road Auto Concierge

While the tips above will equip you for navigating the car buying journey, finding the perfect car at the perfect price can still feel overwhelming.  That’s where Open Road Auto Concierge comes in!

Our team of experienced car buying specialists at Open Road Auto Concierge can be your trusted partner throughout the entire process. We’ll leverage our industry expertise and connections to help you:

• Secure the best possible deals on new or pre-owned vehicles, including those experiencing price drops.
• Narrow down your search based on your needs and budget.
• Handle all the negotiations with dealerships on your behalf, saving you time and stress.
• Ensure a smooth and transparent car buying experience.

Ready to drive away happy in your new car? Contact Open Road Auto Concierge today!  We’ll handle the hassle so you can focus on the excitement of getting behind the wheel.

Get a Free Consultation!

We hope this blog post has empowered you with valuable information about new cars with falling prices in 2024. With a little research, patience, and the help of Open Road Auto Concierge, you can turn your car buying journey into a positive and rewarding experience. Happy shopping!