Worst Deals on New Cars Right Now
Some models are so hard to come by that consumers are paying well above the sticker price for them
If you have your heart set on buying a new car this year, be prepared to pay significantly more for some models—or choose one that isn’t in high demand.
Inflation and parts shortages have thrown a wrench into the auto industry, putting a severe strain on the new-car market. So forget about saving money off the sticker price on many popular cars, SUVs, and trucks. Some are so hard to come by that consumers are paying well above the sticker price for them. That includes must-have models like entry-level vehicles, hybrids, and electrics. And apparently, many Hyundai and Kia models.
CR's Build & Buy Car Buying Service
In addition to research and reviews, Consumer Reports offers members access to the Build & Buy Car Buying Service at no additional cost. Through this service, members can compare in-stock vehicles, see what others paid for the car they want, and customize their payments online. Once they find the vehicle they are interested in, members can get up-front price offers online from local certified dealers. On top of national incentives, Consumer Reports members are eligible for additional incentive offers from select manufacturers through the Build & Buy Car Buying Service. Plus, members can get an instant trade-in value for their current vehicle to use toward their next car purchase.
Kia Sportage: 21% Over MSRP
Kia Seltos: 20% Over MSRP
Kia Rio: 18% Over MSRP
Hyundai Venue: 18% Over MSRP
Kia Telluride: 18% Over MSRP
Kia Carnival: 18% Over MSRP
Hyundai Ioniq 5: 18% Over MSRP
Kia K5: 17% Over MSRP
Hyundai Elantra: 16% Over MSRP
Kia Soul: 15% Over MSRP
Tips for Buying a New Car
There are a lot of things to consider when buying a new car. On the “Consumer 101” TV show, Consumer Reports expert Kelly Funkhouser explains to host Jack Rico what to look for before taking a test drive.