Unsold SUV Inventory Means Falling Prices

Last updated Oct 25, 2022 | By Sophia Duncan

SUV dealerships have had a difficult time in recent years. In order to move unsold inventory off lots for 2021 models, manufacturers are slashing sticker prices by large amounts. That's why new SUVs are more affordable than ever before. As a result, while dealers advertise the greatest offers and rebates online to create room for 2021 models during these difficult times, smart internet users have an opportunity to get a brand-new Crossover or SUV.

Related Topics (Ads):

Due to a combination of market demand fluctuations and Crossover/SUV manufacturers overproducing vehicles to be sold, dealerships are currently stranded with too much inventory. 

So, if you've been eyeing a Luxury SUV, Crossover, or SUV, now is the time to find one at a reasonable price. Here are some key facts about crossovers and SUVs, as well as the best ways to find the greatest deals:

SUV vs Luxury SUV vs Crossover

The difference between a regular SUV and a luxury SUV is exactly as it sounds. Luxury SUVs are SUVs with added sports utility features and style in addition to their core function. In the interiors of luxury SUVs, premium materials such as leather and wood are integrated, and superior sound systems are frequently featured, along with more cutting-edge technology options. When new safety systems like frontal collision warning and auto-braking are added, your luxury SUV transforms into a fortress rather than your regular SUV.

Luxury SUVs are more appealing because of their higher performance. Many of the models come with more powerful engines that give better handling and acceleration than regular SUVs. For a smoother, more pleasurable ride, the brake systems, transmission, and suspension, have all been upgraded.

The main difference between SUVs and crossovers is the platform. An SUV is built on a car platform, whereas a crossover is constructed on a truck base. Crossovers, on the other hand, are unitary vehicles, whereas SUVs are body-on-frame vehicles.

But, before we go any farther, let's get back to the exciting things...

How to Save a Ton of Money Right Now on SUVs and Crossovers

You now have the possibility to buy the car you've always wanted at an incredible price thanks to these two major components in the SUV/Crossover industry:

  1. 1. According to USA TODAY, off-lease used SUV availability has risen considerably in the previous two years, providing consumers with unprecedented access to relatively new used vehicles with low miles.
  2. 2. Consumer demand has shifted significantly away from traditional sedans and toward SUVs and Crossovers. Automakers have naturally responded by ramping up the manufacturing and marketing of these vehicles.

These two variables have resulted in a perfect storm of SUV/Crossover inventories and incredibly flexible consumer financing options.

Here are a few examples...

If you prefer the Jeep Grand Cherokee, you can get a 60-month 0% finance package with a $3,000 cashback bonus, reducing your monthly payment down to around $269.

Mazda is also competitive, it offers 0% financing for 60 months with a $500 cash back rebate, putting you in the driver's seat for just $219 per month.

Meanwhile, a Nissan Rogue can be bought for as little as $199 per month with 0% financing for 60 months and a $500 rebate.

If you want luxury, the Acura RDX is at $379 monthly, the Jaguar F-Pace 25t is now $439 monthly, and the BMW X3 is at $479 monthly.

The competition among SUV/Crossover manufacturers is fierce, and with such low financing rates and shocking cash incentives, this is the greatest time to start shopping for a great deal on the internet.

Related Topics (Ads):

The Key To Scoring Great Deals On SUVs and Crossovers

Even though SUV dealerships have slashed prices on their excess SUV/Crossover supply, you'll need to look out there for the best deals. Thankfully, looking for your best options online is the easiest and most convenient way to do it. You can explore what rebates local dealerships and manufacturers offer, and also compare the pricing of various SUV / Crossover models, with just a short search.

But what's the greatest part about using the internet to look for things?

The numerous exclusive savings offered by dealerships on their websites that you will almost surely not find anywhere else.

You may also simply search specific dealerships and keep an eye on them; if you find one that is reducing prices on unsold inventory and strike while the iron is hot, you can save hundreds, if not thousands, of dollars.

Now Is The Time 

So, if you've been holding off getting your hands on a magnificent new SUV or Crossover due to outrageous prices, now's your opportunity to get a terrific deal. Rates are expected to climb at any time, so start shopping for a deal today, before it's too late.

Don't miss out on the current SUV/Crossover promotions; start searching online right now.