Biggest Price Drops on New Cars
As some of you may know, Tesla has cut prices dramatically this year. I wanted to see just how big of a price drop it was compared to the beginning of the year - and see if any other models come close to these price cuts.
I sifted through historical data and averaged out the prices each model was selling for in January 2023, and compared it to the average price they're selling for today. All of the data you see in the table below is based on the average selling prices including all rebates, discounts, or dealer add-ons (some of the vehicles were selling for above MSRP in January).
The important column to note is the % discount. This basically shows how much cheaper these cars have become today compared to the beginning of the year. The Tesla Model S has had an incredible 31.5% drop in price - that comes to a $38,000 price drop. If you waited to buy a Model S since January, you saved over $4,000 per month!
The good news is these deals should all be readily available on TrueCar No Haggle and CarsDirect.
If you're interested in purchasing a Tesla, you can use my referral link to get an additional $500 off.
Biggest Price Drops on New Cars in 2023
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
About The Author
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.Latest Weekly Car Buying Tips
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