There may be 2020 model year vehicles arriving at dealerships, but for those looking to score the best deal on a new car, know there are actually 2018 models sitting around as well.
And since these vehicles have been sitting around for so long, automakers and dealers are eager to pile cash on the hood to move them out. iSeeCars surveyed two million new cars for sale and found that 4% of them are from the 2018 model year. However, of that 4%, there are 10 models that have exceptional inventory surpluses.
First on the list is the 2018 SUVs on lots from the older model year. Right behind it is the regular Wrangler with 16.8%. For those eager for one of the off-road SUVs, locating a 2018 model will likely result in some significant savings.Unlimited, with 19.5% of the
The only luxury model on the list is the, with 15.3% for still hailing from the 2018 model year. Discounts for the Macan have dipped as deep as $7,900 off the luxury SUV. In fourth sits the with 12.5% from the 2018 model year, but the also boasts a 12.5% inventory surplus to create a tie.
Rounding out the list are the(9.6% surplus), (8.7%), (8.4%), (7.7%) and (7.1%). While the study didn't provide concrete reasons as to why these models have such large surpluses sitting around at dealers, a number of factors may provide an explanation.
Buyers may be waiting for a vehicle refresh or specific feature in a new model year. The vehicle might also simply be declining in popularity (see: Chevrolet Malibu). In fact, in a separate ranking of discontinued models new vehicles with the highest 2018 inventory, every single one is a sedan. The Ford Taurus, notably, has 52.9% inventory from the 2018 model year, or 13 times more than the average vehicle. It's no surprise with more consumers turning to crossovers, SUVs and trucks, sedans are piling up at dealerships.