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Biggest Price Drops on New Cars (Fall 2023)

As many of you have likely noticed, we've seen deals on new cars getting better in the past few months, with incentives and rebates added across the board. I wanted to see just how much new car prices have dropped since the end of summer.

I took the average prices each model was selling for in August 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.

The important column to note is the % discount. This basically shows how much cheaper these cars have become today compared to the end of summer. The 2023 Kia Niro EV has had the biggest price drop this Fall, declining an average of 12.2%.. In fact, Kia and Hyundai have 5 of the top 10 biggest price drops on the list (most of them being EVs).

The good news is these deals should all be readily available through TrueCar and CarsDirect.

Biggest Price Drops Fall 2023

Vehicle August '23 Current Price Drop % Drop Deals
Kia Niro EV $41,120 $36,135 $4,985 12.2%
Porsche Cayenne $75,418 $67,986 $7,432 10.1%
Hyundai IONIQ 6 $42,411 $38,198 $4,213 9.7%
Ram 1500 $40,093 $35,978 $4,115 9.5%
Dodge Durango $41,674 $37,598 $4,076 9.4%
Hyundai IONIQ 5 $44,575 $40,161 $4,414 9.4%
Kia Stinger $42,950 $39,347 $3,603 9.0%
Kia EV6 $42,772 $38,782 $3,990 8.9%
Chrysler 300 $37,960 $34,489 $3,471 8.7%
Nissan Z $44,358 $40,984 $3,374 8.0%
Jeep Grand Cherokee $49,297 $45,386 $3,911 7.7%
Audi e-tron $82,113 $76,462 $5,651 6.9%
Ford Transit Crew $53,917 $50,661 $3,256 6.5%
Ford Transit Cargo $52,359 $49,195 $3,164 5.9%
Tesla Model Y $47,853 $45,256 $2,597 5.4%
Hyundai Santa Cruz $38,351 $36,361 $1,990 5.1%
Chevrolet Equinox $27,632 $26,249 $1,383 4.8%
Audi e-tron S $97,107 $92,657 $4,450 4.6%
Alfa Romeo Stelvio $46,139 $43,785 $2,354 4.4%
GMC Savana Cargo $42,176 $40,413 $1,763 4.2%
Dodge Challenger $33,268 $31,882 $1,386 4.1%
Tesla Model 3 $43,935 $42,154 $1,781 4.0%
Jeep Compass $33,990 $32,606 $1,384 4.0%
FIAT 500X $31,224 $30,022 $1,202 3.9%
Dodge Charger $34,797 $33,417 $1,380 3.8%
Mercedes G-Class $370,109 $356,924 $13,185 3.8%
Land Rover Range Rover Sport $112,016 $108,057 $3,959 3.7%
Mazda MX-30 $36,392 $35,052 $1,340 3.7%
Alfa Romeo Giulia $43,811 $41,985 $1,826 3.7%
Chevrolet Camaro $36,439 $35,248 $1,191 3.3%
Jeep Wrangler $46,216 $44,541 $1,675 3.2%
Chevrolet Camaro $33,592 $32,601 $991 3.0%
Subaru Crosstrek $30,338 $29,493 $845 2.8%
Mercedes Sprinter Cargo Van $58,394 $56,808 $1,586 2.7%
Jaguar I-PACE $73,736 $71,871 $1,865 2.6%
Cadillac CT5-V $101,552 $99,003 $2,549 2.6%
Cadillac XT5 $41,897 $40,702 $1,195 2.6%
Porsche Cayenne Coupe $95,488 $93,114 $2,374 2.5%
Lexus LS $74,922 $73,053 $1,869 2.4%
GMC Savana Passenger $45,135 $44,082 $1,053 2.2%
Cadillac XT6 $47,792 $46,761 $1,031 2.1%
Chevrolet Express Cargo Van $41,979 $41,113 $866 2.1%
Subaru Crosstrek $38,451 $37,669 $782 2.1%
Nissan Frontier $38,533 $37,748 $785 2.0%
Subaru Crosstrek $26,012 $25,500 $512 2.0%
Audi S3 $48,824 $47,866 $958 1.9%
Audi A5 $60,035 $58,923 $1,112 1.9%
Ford Transit Connect $38,228 $37,490 $738 1.9%
Chevrolet Traverse $38,681 $37,952 $729 1.9%
Ram 2500 $59,177 $58,044 $1,133 1.8%
Ram 3500 $55,171 $54,105 $1,066 1.8%
Ford F-150 Lightning $51,522 $50,606 $916 1.8%
Land Rover Range Rover $138,678 $136,305 $2,373 1.8%
Chevrolet Malibu $26,693 $26,178 $515 1.8%
Volvo XC90 Recharge $70,650 $69,241 $1,409 1.8%
Cadillac CT4 $36,075 $35,473 $602 1.6%
Cadillac CT5-V $51,499 $50,644 $855 1.6%
Porsche 718 Cayman $154,163 $151,706 $2,457 1.6%
Volvo XC40 $40,044 $39,344 $700 1.6%
Audi S4 $54,589 $53,737 $852 1.5%
Ford Maverick $27,559 $27,174 $385 1.5%
Chevrolet Silverado 2500HD $47,343 $46,655 $688 1.4%
Volvo XC90 $56,103 $55,247 $856 1.4%
Ford F-350 $56,104 $55,382 $722 1.3%
Toyota Camry $30,472 $30,094 $378 1.3%
Chevrolet Blazer $39,666 $39,151 $515 1.3%
Subaru WRX $42,727 $42,172 $555 1.3%
Cadillac CT4-V $48,490 $47,894 $596 1.2%
Cadillac CT4-V $46,742 $46,152 $590 1.2%
Chevrolet Silverado 1500 $43,181 $42,639 $542 1.2%





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About The Author

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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