What Edmunds’ editors say about the XC60: “If you’re looking for a well-rounded luxury SUV, the Volvo XC60 should be one of the first to check out. Keep in mind that exact inventory figures are difficult to pinpoint these days, so you may not find all these vehicles at your local dealership.Īverage MSRP: $56,286 average transaction price: $52,886 average discount: $3,401 (-6%) We’ve organized them in order of percentage off the MSRP. Edmunds has combed through the latest transaction data to find five new vehicles with relatively high discounts and above-average inventory to make your search easier. In fact, 39% of shoppers in October paid over the manufacturer’s suggested retail price, while 35% of shoppers were given a discount of less than $500, according to Edmunds. Not only will buyers have to contend with fewer cars, but they are also not as likely to get much of a discount. Couple that with the buying public’s continuing shift from sedans to higher-priced SUVs and trucks, and it should come as no surprise that the average new car transaction price hit a record high of $45,598 in October, according to Edmunds data. Vehicles that are left tend to be in a more expensive trim or are saddled with dealer-added accessories that further boost the vehicle’s cost. “In fact, many dealers are selling vehicles that haven’t even arrived on their lots yet.” “The microchip shortage has forced inventory far below demand and vehicles are selling quicker than ever before,” said Jessica Caldwell, Edmunds’ executive director of insights. However, Edmunds data shows that overall new car inventory levels are down 77% compared to 2019, when the market was more typical. In ordinary times, Black Friday would be a busy yet fruitful time to shop for a new car because dealerships are motivated to discount outgoing models to make room for the newest model year. And for those who’ve waited, hoping Black Friday sales would bring some reprieve from high prices, we’re afraid that there aren’t many bargains to speak of. With COVID-19 factory shutdowns, semiconductor chip shortages, rising prices and supply chain issues, it’s been nothing but bad news for car shoppers. This has been a tough year to buy a new or used car in America. (Artcamera Günter Schmied/Courtesy of BMW via AP) Show More Show Less (Mike Schwartz/Courtesy of Buick via AP) Mike Schwartz/AP Show More Show Less 5 of5 This undated photo provided by BMW shows the 2021 BMW X1, an extra-small SUV that offers an average savings of about 1.8% in November. via AP) AP Show More Show Less 4 of5 This undated photo provided by Buick shows the 2021 Buick Encore GX, an extra-small SUV that offered an average savings of about 2.4% in November. (Courtesy of Stellantis via AP) FCA US LLC/AP Show More Show Less 3 of5 This undated photo provided by Ford shows the 2021 Lincoln Corsair, a small luxury SUV that offered an average discount of about 2.4% in November. (Courtesy of Volvo via AP) Show More Show Less 2 of5 This undated photo provided by Stellantis shows the 2021 Jeep Compass, a small SUV that offered an average discount of about 5.7% in November. A newly designed blue LCD panel is perfectly positioned for easy viewing and navigation.1 of5 This undated photo provided by Volvo shows the 2021 Volvo XC60, a small luxury SUV that offered an average discount of about 6% in November.
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