What s the Best New-Car Deal for August 2017? News
What's the Best New-Car Deal for August 2017?
CARS.COM – For what seems like the very first time in eons, signs exist that the current era of sky-high incentives could make like “Game of Thrones” and, well, eventually end. New-car sales in July declined for the seventh straight month, per Automotive News, and it emerges automakers have found some religion on incentives.
After a meteoric rise some eighteen months in the making, discounts landed at $Trio,640 per fresh car in July, according to Autodata Corp. That’s up just 6.7 percent, or $229, over July 2016, and it marks the lowest year-over-year increase by percentage and dollar amount since December 2015. Put another way: Incentives are still up, but less so than at any point in the past year and a half.
That said, August can be, well, an august time to shop. (We waited months – months! – to write that.) Deals were unremarkable a year ago, per Autodata, but August was the third-best month in two thousand fifteen and single best month in 2014. Ebbing discounts notwithstanding, incentives for two thousand seventeen models remain strong.
Which ones should you consider? Here are a few:
How much can I save? Tons. Sonata sales tanked 48.Four percent in July as the two thousand seventeen model averaged eighty nine days on dealer lots – just past the month’s 86-day average. Through Aug. 31, Hyundai is suggesting $Three,350 to $6,000 off, or discount financing as low as zero percent. Advertised discounts varied by trim level in five cities we checked, with $Three,350 to $Four,000 off less expensive variants and the total six grand off higher trims. That’s well greater than ten percent off Hyundai’s popular family sedan.
Any deals on the refreshed two thousand eighteen Sonata? Yep. Hyundai offers $1,000 off the two thousand eighteen Sonata or financing as low as zero percent, also through the end of the month. That’s significant cash for an updated sedan from the next model year when it’s still summer, but 2018s are in substantial supply. As of Aug. 8, the two thousand eighteen Sonata accounted for almost half all fresh Sonata inventory on Cars.com.
Is that because the Sonata is bad? Not so much. The current generation hammer out other family sedans in a Cars.com comparison a few months after it hit the scene in mid-2015, then placed better-than-average two model years later. Interested in the two thousand eighteen model? Read our take on it.
How much can I save? For an affordable compact, a lot. Cruze sales fell Ten.Five percent in July as the two thousand seventeen Cruze sedan averaged one hundred twelve days on dealer lots (153 for the two thousand seventeen Cruze hatchback). Until Sept. Five, Chevrolet is suggesting $Trio,500 off the two thousand seventeen Cruze in both assets styles, tho’ certain base sedans don’t qualify. On LT trim levels until Aug. 14, you can get twenty percent off MSRP, or almost $Five,000 off in Chevrolet’s advertised example.
Such deals often carry major eligibility requirements, however Chevrolet doesn’t mention anything too limitary in the fine print. GM confirmed to Cars.com that it’s a nationwide program that’s “blessedly elementary,” with a straight twenty percent off MSRP and destination, according to spokesman Jim Cain. But some dealers may decline to participate in the program altogether, Cain said. LT models should be effortless to find: As of Aug. 8, they accounted for about two-thirds of fresh two thousand seventeen Cruze inventory on Cars.com.
What about discount financing? Qualified shoppers can get financing as low as zero percent on certain models through Aug. 14, or 1.9 percent on a broader selection through Sept. Five, Chevrolet says.
Didn’t the Cruze place last in Cars.com’s latest Compact Sedan Challenge? Yes. Despite good drivability and fuel efficiency, the Cruze has limited visibility and questionable value, particularly in terms of must-have safety technology – factors that cost the sedan a lot of points. Still, it’s cheap this month.
How much can I save? In technical terms: beaucoup buckaroos. Malibu sales sagged Ten.8 percent in June as the car averaged one hundred sixteen days on dealer lots. As with the Cruze, Chevrolet offers twenty percent off the mid-level Malibu LT, or up to $Five,395 in the brand’s advertised example, until Aug. 14. Eligibility limitations are minimal, and GM confirmed similar details to the Cruze program.
The Malibu LT accounts for 55.6 percent of fresh two thousand seventeen Malibu inventory on Cars.com as of Aug. 8, so you should be able to find one at a participating dealer. Through Sept. Five, Chevrolet is suggesting $Three,500 in standard cash off the Malibu except for certain base models.
What about discount financing? Qualifying shoppers can get zero percent on certain models until Aug. 14, or 1.9 percent on a broader range of trims through Sept. Five, Chevrolet says.
Anything on the two thousand eighteen Malibu or Malibu Hybrid? Chevrolet offers $500 in cash discounts through Sept. Five for the two thousand eighteen Malibu except certain base trims. Automotive News claims the standard discount (up to $Three,500 for 2017) encompasses the Malibu Hybrid, too. But examples could be hard to find: As of Aug. 8, the Malibu Hybrid accounted for just Two.9 percent of all two thousand seventeen Malibu inventory on Cars.com.
These are all sedans or hatchbacks. What about the deals on SUVs? Don’t fret, utility-minded readers. Like “Sharknado” did for Ian Ziering, we’re taking care of you. Read on.
We concentrate on cars fresh to the list or ones we haven’t highlighted in the past few months. But many cars from latest months still have deep discounts in July: