Now Is Not the Time to Buy a New Kia Telluride
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It is a bad time to buy a new car. Inflation, uncertainty around economic recovery, and the widely reported semiconductor chip shortage are hurting auto manufacturing.
Fewer new cars are being made, and some new models are so scarce that consumers are willing to pay way above the sticker price.
Pickup trucks and large SUVs are the most sought-after vehicles right now. Read on to find out which models are selling most over their Manufacturer Suggested Retail Price (MSRP)
The worst deals on new cars in 2021
Consumer Reports have named the 10 trucks and SUVs that are the worst deals at the moment:
- 2021 Kia Telluride (selling for 19% over MSRP)
- Ram 2500 (17% over MSRP)
- Chevrolet Silverado 2500HD (15% over MSRP)
- Ford Bronco Sport (15% over MSRP)
- Hyundai Palisade (14% over MSRP)
- Hyundai Kona (14% over MSRP)
- Ford EcoSport (14% over MSRP)
- GMC Sierra 1500 (13% over MSRP)
- Chevrolet Tahoe (13% over MSRP)
- Ford F-150 (13% over MSRP)
To put a dollar value on these numbers, the new Kia Telluride has an average list price of $38,290, a +19% sale price means the consumer has paid an extra $7,275.
Why is the new Kia Telluride so popular?
All the vehicles identified by Consumer Reports as being the "worst deals" have received excellent reviews. Their popularity and desirability means customers are willing to pay a lot for them.
The 2021 Kia Telluride tops the list of cars people are happy to overpay for. And for good reason.
Since its release, the Telluride has been named The 2020 World Car of the Year (World Car Awards), The Best 3-Row SUV (AutoTRADER), 2020 Utility Vehicle of the Year (North American Car Of The Year Awards), and is an Insurance Institute for Highway Safety (IIHS) Top Safety Pick+.
Critics love it, consumers love it, and if you want one this year, unfortunately you will have to pay over the odds for it.
Can you still find a good deal on a new car?
2021 is proving to be a tough year to find a good deal on a new car. But while SUVs and trucks may be prohibitively expensive, many new sedans and hatchbacks are still available at list price. If you need a larger vehicle, and are unable to wait until the market cools, try finding a used car and negotiate the price directly with the seller.
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