Cars with Prices Running Well Above their MSRP
Are you willing to pay as much as a little over $6,000 above the MSRP for a new car? Hopefully not. However, some popular makes and models are now running well above their recommended MSRP pricing that can really take the joy out of buying a new car.
Just recently, we learned that right now there are some good deals on SUVs with incentive pricing that will last until May 2, 2022, for those new vehicle shoppers with their hearts and budgets set on owning an SUV.
To complement that list, CR analysts took a look at which cars, minivans, and SUVs are selling the most over their sticker price and found that automaker Kia comprises 80% of the models that range from 18% to 21% above MSRP. To help car shoppers identify those models and what to expect, examples of models with specific trims reveal just what you can expect if you are determined to own one of their listed “Worst Deals on New Cars” models.
That said, here is a summary of the list presented in ranked order from highest to lowest above MSRP. For a more detailed breakdown of the data, please visit the CR website. Note that while access to some information requires a CR membership, the potential savings make it negligible in comparison when looking for the latest information to aid your car buying research.
Worst Deals Right Now
1.Kia Telluride: 21% Over MSRPPrice Range: $33,090 - $44,890CR MPG: Overall 21 / City 14 / Hwy 30 mpgRated #1 of 14 Midsized sport-utility vehicles 3-row
Trim Example: 2022 Kia Telluride LX FWDMSRP: $33,090Average spent over MSRP: $6,809Average transaction price: $39,899
2.Kia Forte: 20% Over MSRPPrice Range: $19,090 - $24,490CR MPG: Overall 34 / City 22 / Hwy 49 mpgRated #12 of 12 Compact cars
Trim Example: 2022 Kia Forte LXS IVTMSRP: $19,590Average spent over MSRP: $3,978Average transaction price: $23,568
3.Kia Sorento: 20% Over MSRPPrice Range: $29,590 - $48,090CR MPG: Overall 25 / City 17 / Hwy 34 mpgRated #14 of 14 Midsized sport-utility vehicles 3-row
Trim Example: 2022 Kia Sorento Hybrid S FWDMSRP: $34,090Average spent over MSRP: $6,726Average transaction price: $40,816
4.Kia Rio: 19% Over MSRPPrice Range: $16,250 - $17,190CR MPG: Overall 33 / City 22 / Hwy 48 mpgRated #4 of 6 Subcompact cars
Trim Example: 2022 Kia Rio LX Sedan IVTMSRP: $16,250Average spent over MSRP: $3,107Average transaction price: $19,357
5.Hyundai Accent: 19% Over MSRPPrice Range: $16,645 - $19,600CR MPG: Overall 33 / City 22 / Hwy 47 mpgRated #2 of 6 Subcompact cars
Trim Example: 2022 Hyundai Accent SEMSRP: $16,645Average spent over MSRP: $3,123Average transaction price: $19,768
6.Kia Seltos: 19% Over MSRPPrice Range: $22,590 - $28,090CR MPG: Overall 28 / City 20 / Hwy 35 mpgRated #11 of 14 Subcompact sport-utility vehicles
Trim Example: 2022 Kia Seltos LX 2.0 AWDMSRP: $22,590Average spent over MSRP: $4,240Average transaction price: $26,830
7.Kia Carnival: 19% Over MSRPPrice Range: $32,300 - $46,300CR MPG: Overall 21 / City 13 / Hwy 32 mpgRated #1 of 6 Midsized minivans
Trim Example: 2022 Kia Carnival LXSMSRP: $34,300Average spent over MSRP: $6,396Average transaction price: $40,696
8.Chevrolet Spark: 19% Over MSRPPrice Range: $13,600 - $18,100CR MPG: Overall 33 / City 23 / Hwy 44 mpgRated #5 of 6 Subcompact cars
Trim Example: 2022 Chevrolet Spark LS CVTMSRP: $14,700Average spent over MSRP: $2,723Average transaction price: $17,423
9.Kia K5: 18% Over MSRPPrice Range: $23,790 - $31,190CR MPG: Overall 32 / City 20 / Hwy 52 mpgRated #5 of 9 Midsized cars
Trim Example: 2022 Kia K5 GT-Line FWDMSRP: $26,190Average spent over MSRP: $4,800Average transaction price: $30,990
10.Kia Soul: 18% Over MSRPPrice Range: $19,290 - $27,890CR MPG: Overall 28 / City 21 / Hwy 35 mpgRated #10 of 12 Compact cars
Trim Example: 2022 Kia Soul LX IVTMSRP: $19,290Average spent over MSRP: $3,531Average transaction price: $22,821
And finally…
For additional Consumer Reports related articles about car shopping, here are three selected pieces that should prove to be informative while looking for your next vehicle:
•Consumer Reports New Car Winners and Losers for This Important Safety Feature
•Consumer Reports New Listing of This Year’s Trucks Buyers Liked and Disliked After Buying
•Consumer Reports Recommends This Important Negotiation Point to Focus on When Buying a New Car
Timothy Boyer is a Torque News automotive reporter based in Cincinnati. Experienced with early car restorations, he regularly restores older vehicles with engine modifications for improved performance. Follow Tim on Twitter at @TimBoyerWrites for daily new and used vehicle news.
Image Source: Pixabay
