The Best Labor Day 2020 Car Deals
This Monday is Labor Day, which marks the unofficial end of summer. And for those looking to buy a new car, this weekend is historically one of the best times to do so, especially if you buy this year's model (2020 vs 2021). That's because car dealerships are frantically working to move this year's vehicles off their lots and make room for next year's models.
This year is a bit different due to the economic shutdowns, which have resulted in a drop in new car sales along with a similar drop in production. Some models are in high demand and low supply, which means you won't get good deals on those. However, others are suffering from low demand and deals can be close to 30% off MSRP.
Using TrueCar's database of average selling prices, I compiled a list of the top 30 vehicles with the largest discounts off MSRP this week (this includes all incentives, rebates, and hidden dealer incentives).
Take a look at the full list below and see if any models you're interested in are on it. If so, this could be a great time to move ahead with the purchase. And as always, make sure to use TrueCar No Haggle, CarsDirect and RydeShopper to quickly gather the best prices in your area.
Top 30 Labor Day Discounts
|Rank||Vehicle||Avg MSRP||Avg Discount||% Off MSRP|
|1||2019 Ford EcoSport||$25,442||$7,046||28%|
|2||2020 Chevrolet Bolt EV||$39,695||$10,450||26%|
|3||2019 FIAT 500L||$24,965||$6,044||24%|
|4||2019 Mitsubishi Eclipse Cross||$26,726||$6,352||24%|
|5||2019 Chevrolet Silverado 1500 LD||$40,838||$9,478||23%|
|6||2019 Mitsubishi Outlander Sport||$25,031||$5,838||23%|
|7||2020 Ford EcoSport||$25,723||$5,983||23%|
|8||2019 Buick Regal Sportback||$33,666||$7,787||23%|
|9||2019 Nissan LEAF||$37,008||$8,180||22%|
|10||2019 Mitsubishi Outlander||$30,799||$6,595||22%|
|11||2019 Buick Regal TourX||$34,795||$7,566||22%|
|12||2019 Buick Encore||$28,312||$6,079||22%|
|13||2020 Jaguar XF||$62,265||$12,995||21%|
|14||2019 GMC Sierra 1500 Limited||$41,045||$8,624||21%|
|15||2019 FIAT 500X||$27,521||$5,740||21%|
|16||2019 Mitsubishi Mirage||$16,834||$3,466||21%|
|17||2019 Dodge Grand Caravan||$30,735||$6,276||21%|
|18||2019 Chevrolet Silverado 1500||$43,505||$8,560||20%|
|19||2019 FIAT 124 Spider||$28,611||$5,605||20%|
|20||2019 Ram ProMaster City Cargo Van||$27,015||$5,323||20%|
|21||2019 Dodge Journey||$30,754||$5,891||19%|
|22||2020 Buick Envision||$38,324||$7,120||19%|
|23||2019 Chrysler 300||$37,062||$6,760||18%|
|24||2020 Jeep Renegade||$26,794||$4,881||18%|
|25||2020 Jeep Compass||$27,934||$5,057||18%|
|26||2020 Ram ProMaster City Cargo Van||$26,925||$4,909||18%|
|27||2020 Nissan Rogue Sport||$27,413||$4,792||18%|
|28||2020 GMC Terrain||$33,424||$5,958||18%|
|29||2020 Nissan Murano||$39,620||$6,826||17%|
|30||2019 Ram 1500 Classic||$39,601||$6,706||17%|
My Recommendation for Car ShoppersTrueCar, RydeShopper, and CarsDirect are the best way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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