Electric cars have been increasing in popularity in recent years. Tesla shipments last year reached 500,000, and the company expects that number to rise by 50% this year. The Ford Mustang Mach-E has a waiting list. Almost every major car manufacturer in the world expects a large portion of its fleets to be mostly or completely electric by 2030.Â
General Motors has plans as aggressive as any other car company to turn its models electric or replace them with new electric cars. However, for the time being, its primary horse in the race is the Chevy Bolt EV. The demand for the car has been brisk. Nevertheless, it is being offered at a discount of over $11,000, or 27% off the manufacturer’s suggested retail price.
The MSRP for the Bolt is $41,355. Analysts at automotive information company Edmunds have good things to say about the Bolt: “The Chevrolet Bolt is a solid electric vehicle, especially with its 259 miles of range. It solves many of the qualms that EV shoppers have traditionally held.”
Chevy Bolt EV sales rose last year, according to the Car Sales Base, to 20,754 from 16,418 in 2019. Sales for the final quarter of 2020 also rose to 6,701 from 3,307 in the same period in 2019 . Business Insider speculated that discount deals may be the primary reason for the sales increase. The Bolt is one of a number of new(?) vehicles available at steep discounts.
To determine the new cars sold at the biggest discount, 24/7 Wall St. reviewed Edmunds data about 2021 model year vehicles with the largest percentage difference between their average MSRP and average dealer price.
There are double digit percentage discounts to be had on SUVs, sedans, trucks, and hybrids, according to Edmunds. The majority of the discounted vehicles are SUVs, even though the segment is one of the most popular in the U.S. market. Customers prefer larger vehicles that offer more room and capabilities as well as improved gas mileage. These are the cars so hot they’re out of stock.
Click here to see the new car that is being sold at an $11,000 discount.
Source: Courtesy of Kia
15. 2021 Kia K5
> Avg. discount: 7.3% (total: $2,112)
> Avg. MSRP: $28,810
> Avg. dealer price: $26,698
[in-text-ad]
Source: Courtesy of Toyota
14. 2021 Toyota Corolla
> Avg. discount: 9.2% (total: $2,125)
> Avg. MSRP: $23,181
> Avg. dealer price: $21,056
Source: Courtesy of RAM Trucks
13. 2021 Ram 1500
> Avg. discount: 10.0% (total: $5,621)
> Avg. MSRP: $56,121
> Avg. dealer price: $50,499
Source: Courtesy of Volkswagen
12. 2021 Volkswagen Atlas
> Avg. discount: 10.1% (total: $4,592)
> Avg. MSRP: $45,645
> Avg. dealer price: $41,054
[in-text-ad-2]
Source: Courtesy of KIA
11. 2021 Kia Soul
> Avg. discount: 12.4% (total: $2,775)
> Avg. MSRP: $22,447
> Avg. dealer price: $19,673
Source: Courtesy of Buick
10. 2021 Buick Encore GX
> Avg. discount: 12.7% (total: $3,722)
> Avg. MSRP: $29,202
> Avg. dealer price: $25,480
[in-text-ad]
Source: Courtesy of Nissan
9. 2021 Nissan Murano
> Avg. discount: 13.1% (total: $5,503)
> Avg. MSRP: $42,024
> Avg. dealer price: $36,521
24/7 Wall St.
Source: Courtesy of KIA
8. 2021 Kia Forte
> Avg. discount: 13.2% (total: $2,911)
> Avg. MSRP: $21,975
> Avg. dealer price: $19,064
Source: Courtesy of Chrysler
7. 2021 Chrysler Pacifica
> Avg. discount: 13.5% (total: $6,233)
> Avg. MSRP: $46,093
> Avg. dealer price: $39,860
[in-text-ad-2]
Source: Courtesy of JEEP
6. 2021 Jeep Cherokee
> Avg. discount: 13.7% (total: $4,749)
> Avg. MSRP: $34,620
> Avg. dealer price: $29,871
Source: Vauxford / Wikimedia Commons
5. 2021 Hyundai Tucson
> Avg. discount: 14.2% (total: $4,224)
> Avg. MSRP: $29,775
> Avg. dealer price: $25,551
[in-text-ad]
Source: Courtesy of Hyundai
4. 2021 Hyundai Kona
> Avg. discount: 14.6% (total: $3,942)
> Avg. MSRP: $27,085
> Avg. dealer price: $23,142
24/7 Wall St.
Source: Courtesy of Chevrolet
3. 2021 Chevrolet Equinox
> Avg. discount: 16.1% (total: $5,101)
> Avg. MSRP: $31,679
> Avg. dealer price: $26,578
Source: Courtesy of GMC
2. 2021 GMC Terrain
> Avg. discount: 16.2% (total: $5,651)
> Avg. MSRP: $34,779
> Avg. dealer price: $29,128
[in-text-ad-2]
Source: Courtesy of Chevrolet
1. 2021 Chevrolet Bolt EV
> Avg. discount: 26.8% (total: $11,063)
> Avg. MSRP: $41,355
> Avg. dealer price: $30,292
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
