TrueCar.com Reports Discounts Higher for Domestic 2010 Models
Previous model-year domestic makes and models continue to top the list of average possible vehicle discounts* from their Manufactured Suggested Retail Price (MSRP) with savings of over $7,500 according to the latest TrueTrends™ Report from TrueCar.com, the authority in new car pricing, trends and forecasting. The report shows that Chevrolet (16 percent), Ford (14 percent) and Chrysler (12 percent) are the top three makes for 2010 make discounts and the Chevrolet Silverado and Ford Ranger are the top two models.
Additionally, large trucks continue to offer the highest average discount among the 15 vehicle categories TrueCar.com tracks with discounts of 12 percent. Following large trucks on the category list are luxury cars (9 percent); large and midsized cars (8 percent); and large SUVs, small cars, vans and minivans (7 percent).
"The summer sales season has passed but manufacturers are still discounting previous and even new model-year vehicles to help push vehicles off dealership lots," said Jesse Toprak, VP of Industry Trends and Insights at TrueCar.com. "It's important for consumers to research current incentives and vehicle pricing information to maximize their savings when purchasing a new car."
Some examples of 2010 and 2011 vehicle discounts from MSRP include:
2010 Vehicle (Make and Model)
Discount Percentage
Average Discount from MSRP
2010 Chevrolet Silverado 1500
22%
$7,582
2010 Ford Ranger
17%
$3,947
2010 Mercedes-Benz C-Class
11%
$4,284
2010 Toyota Yaris
9%
$1,459
2010 Infiniti G37 Sedan
8%
$2,919
2011 Vehicle (Make and Model)
Discount Percentage
Average Discount from MSRP
2011 Chevrolet Traverse
9%
$3,620
2011 Buick Enclave
8%
$3,768
2011 Toyota Sienna
8%
$2,626
2011 BMW 3 Series
7%
$3,767
2011 Ford Mustang
6%
$2,225
Using TrueCar.com's new Best Local Price tool, in conjunction with the site's Certified Pricing, consumers can search for vehicle pricing – either by make/model or category – and be given both a guaranteed upfront price and names of up to three dealers from the TrueCar dealer network.
The TrueTrends Report is available to be viewed in its entirety at TrueCar.com.
Source: TrueCar.com Reports Discounts Higher for Domestic 2010 Models
Additionally, large trucks continue to offer the highest average discount among the 15 vehicle categories TrueCar.com tracks with discounts of 12 percent. Following large trucks on the category list are luxury cars (9 percent); large and midsized cars (8 percent); and large SUVs, small cars, vans and minivans (7 percent).
"The summer sales season has passed but manufacturers are still discounting previous and even new model-year vehicles to help push vehicles off dealership lots," said Jesse Toprak, VP of Industry Trends and Insights at TrueCar.com. "It's important for consumers to research current incentives and vehicle pricing information to maximize their savings when purchasing a new car."
Some examples of 2010 and 2011 vehicle discounts from MSRP include:
2010 Vehicle (Make and Model)
Discount Percentage
Average Discount from MSRP
2010 Chevrolet Silverado 1500
22%
$7,582
2010 Ford Ranger
17%
$3,947
2010 Mercedes-Benz C-Class
11%
$4,284
2010 Toyota Yaris
9%
$1,459
2010 Infiniti G37 Sedan
8%
$2,919
2011 Vehicle (Make and Model)
Discount Percentage
Average Discount from MSRP
2011 Chevrolet Traverse
9%
$3,620
2011 Buick Enclave
8%
$3,768
2011 Toyota Sienna
8%
$2,626
2011 BMW 3 Series
7%
$3,767
2011 Ford Mustang
6%
$2,225
Using TrueCar.com's new Best Local Price tool, in conjunction with the site's Certified Pricing, consumers can search for vehicle pricing – either by make/model or category – and be given both a guaranteed upfront price and names of up to three dealers from the TrueCar dealer network.
The TrueTrends Report is available to be viewed in its entirety at TrueCar.com.
Source: TrueCar.com Reports Discounts Higher for Domestic 2010 Models
