Latest news with #LaurenFix
Yahoo
28-06-2025
- Automotive
- Yahoo
5 Cars With Trade-In Values So Low That They're Not Worth Selling
Trading in a car can seem like the easiest way to upgrade your ride, but for some models, the dealer's offer will feel like an insult. In 2025, several vehicles are facing such steep depreciation and low demand that their trade-in values are shockingly low. Lauren Fix, automotive expert at Car Coach Reports, explained that high depreciation, oversupply and expensive maintenance are the main reasons these cars are so undervalued. Find Out: Read Next: Dealers also factor in brand perception and the cost of reconditioning, which can slash offers even further. For many owners, the trade-in value might be lower than what they could get from a private sale or even scrapping the car. Here are five cars with trade-in values so low that selling them to a dealer just does not make financial sense for most owners. Also consider these five cars are worth trading in for a newer model. The Jaguar I-PACE, an electric SUV launched with high hopes, now leads the pack in five-year depreciation, losing about 72.2% of its value, according to iSeeCars. Originally priced around $75,000, a 2020 model in average condition might only fetch $20,000 to $25,000 as a trade-in. Fix said this is due to rapid electric vehicle (EV) depreciation and low demand for Jaguar's aging design. Dealers hesitate to offer more because of high battery replacement costs and the brand's reputation for reliability issues. With a saturated used EV market and newer, more advanced electric models, the I-PACE's trade-in value is so low that owners should explore private sales or tax-deductible donations. Trending Now: The Maserati Levante, a luxury SUV, suffers from one of the highest depreciation rates in its class. According to CarEdge, it lost about 74% of its value after five years. Dealers are wary of the Levante's expensive maintenance and repairs, as well as Maserati's spotty reliability record, which further depresses its resale value. Fix said a 2019 Levante with an MSRP of $80,000 may only sell for $25,000 to $30,000, especially if it has considerable miles. For most owners, the trade-in offer will feel like a fraction of what the car once cost, making private sale, donation or keeping the car for personal use a smarter choice. The Nissan Leaf, once a pioneer in the electric vehicle market, now faces rapid depreciation due to outdated battery technology and limited range. According to CarEdge, the Nissan Leaf will 'depreciate 62% after 5 years' and have a '5-year resale value of $13,308.' The market for used Leafs is crowded, and dealers know that buyers prefer newer EVs with longer ranges, so they offer less to minimize their risk. For example, Fix said a 2020 model, initially $35,000, may only receive $10,000 to $12,000 in trade-in, a 60% loss in five years. Owners may find that selling privately or donating the car for a tax deduction will yield better value than accepting a dealer's lowball offer. The Chrysler 300, a full-size sedan once popular for its bold styling, now suffers from low demand and a poor resale reputation. According to iSeeCars, a new Chrysler 300 depreciates 52.1% after five years, resulting in a typical resale value of $16,422. Fix said excessive mileage (over 100,000 miles) or accident history can further reduce trade-in bids by 10 to 20%, frequently below private sale or trash value. Dealers are reluctant to pay more for a car that is difficult to resell, especially when factoring in reconditioning costs and the risk of sitting on unsold inventory. For many Chrysler 300 owners, trading in will not make sense financially, and exploring private sale options or keeping the car longer may be wiser. Auto mechanic and JustAnswer expert Chris Pyle suggests keeping the car if you need a spare or sell it online or from your front yard, rather than going to the dealership. According to Fix, Dodge Hornet was the slowest-selling new automobile, with a 299-day supply on dealer lots as of late 2024. She explains that an oversupply of slow-selling models, forces dealers to offer low trade-in values to clear lots. Moreover, CarEdge projects a Dodge Hornet will depreciate 65% after five years, with a three-year resale value of about $15,600, confirming the steep loss in value. Recent trade-in offers on CarMax show 2023 Dodge Hornets ranging from $21,000 to $24,000 for low-mileage vehicles. This means for higher-mileage or less desirable trims, trade-in values of $12,000 to $14,000 for a three-year-old model are realistic. Owners looking to maximize value should consider selling privately, donating for a tax deduction or holding onto the car until market conditions improve. Editor's note: Photos are for representational purposes only. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 4 Housing Markets That Have Plummeted in Value Over the Past 5 Years 6 Hybrid Vehicles To Stay Away From in Retirement This article originally appeared on 5 Cars With Trade-In Values So Low That They're Not Worth Selling
Yahoo
24-06-2025
- Automotive
- Yahoo
5 Japanese Cars That Will Have Massive Price Drops in the Summer of 2025
Americans looking for a deal on a Japanese car should keep a close eye on the market this summer. Several popular models are expected to see significant price drops, mainly due to inventory surpluses, model phase-outs, and shifting consumer preferences. According to Lauren Fix, automotive expert at Car Coach Reports, the summer of 2025 will be a prime time for buyers to negotiate aggressively and shop around for the best deals. Trending Now: Explore More: Best-Selling Cars report that the Japanese car market contracted 7.5% in 2024, with Toyota and Nissan facing tariffs and a shift toward hybrids over electric vehicles (EVs). Dealers will be motivated to clear out older inventory, especially in June and July, so buyers should be ready to take advantage of these rare opportunities. Here are five Japanese cars that are likely to have massive price drops in the coming months. The Nissan Z has long been a favorite among sports car fans, but the 2024 and 2025 models are facing new challenges. According to Car and Driver, the Z's retro styling and 400-horsepower engine make it a fun ride, yet it is still based on older 370Z underpinnings. The excitement that drove early markups has faded, and Nissan's Z sports car is already seeing some of the biggest discounts in years. With up to $4,000 off the 2024 model, the CarBuzz report shows this puts the price for a base Z close to $40,000, undercutting rivals like the Toyota Supra by a wide margin. Lauren Fix noted that the Z's popularity has led to market saturation, and dealers are eager to move current stock. She explained that competition from the Toyota Supra and upcoming electric sports cars is also pushing dealers to discount Z models even further. Check Out: Toyota's first electric SUV, the bZ4X, has struggled to compete with rivals like Tesla and Ford, leading to a major price cut for 2025. Car and Driver reported that the 2025 bZ4X XLE now starts at $38,465, a $6,000 drop compared to the previous year. Kelley Blue Book added that slow sales and excess inventory have pushed Toyota to offer shocking lease deals and free charging to entice buyers. Fix said that with Americans still preferring hybrids over full EVs, dealers are expected to keep offering discounts to move the bZ4X off lots this summer. Subaru is ending production of the Legacy sedan in spring 2025, after 36 years on the market, due to Americans shifting away from sedans toward SUVs and crossovers. Prices for the 2025 Legacy start at $24,895 and have held steady, but sales have dropped by 13% year-over-year, making it one of Subaru's slowest sellers. According to Carscoops, dealers are expected to offer aggressive deals to move the last of the inventory, especially as the final models arrive this summer. Fix said that discontinued models like the Legacy often see the steepest price drops as dealers make room for more popular SUVs. The Honda Passport is facing a major redesign for 2026, and the 2025 models are already being offered with deep discounts. CarsDirect found $3,400 in hidden savings on the 2025 Passport, thanks to dealer cash incentives and the need to clear out old stock. According to the 2025 Passport starts at $43,795, but buyers have a strong negotiating position as the new model arrives and the current version looks outdated. Fix explained that Americans who do not want to pay more for the redesigned 2026 Passport can find excellent deals on the outgoing model this summer. The Nissan Altima is being phased out, and that means big savings for Americans willing to buy before it disappears. According to RealCarTips, discounts of 5% to 6% off MSRP are already common, with the 2025 Altima SV FWD averaging $26,877 against a sticker price of $28,570. CarEdge's Zach Shefska told GOBankingRates that discontinued models almost always see deep summer discounts as dealers clear the last units. Lauren Fix also pointed out that new competitors and changing tastes are making the Altima an even better deal for shoppers this summer. More From GOBankingRates Clever Ways To Save Money That Actually Work in 2025 This article originally appeared on 5 Japanese Cars That Will Have Massive Price Drops in the Summer of 2025
Yahoo
23-06-2025
- Automotive
- Yahoo
5 Luxury Cars That Will Have Massive Price Drops in Summer 2025
Summer 2025 is shaping up to be a buyer's market for luxury cars, with several high-end models expected to see steep price drops. Read Next: Find Out: Lauren Fix, automotive expert at Car Coach Reports, explained that high inventory, slowing demand for electric vehicles and shifting consumer preferences are driving down prices. Economic factors like tariffs, rising interest rates and elevated insurance costs are adding even more pressure, making luxury vehicles less attractive to many buyers. Those in the market for a luxury car should watch for dealer incentives and be ready to negotiate, as dealers are eager to clear out aging inventory. The following five models are set to offer some of the best deals, thanks to unique challenges each is facing in today's market. For anyone considering a luxury car purchase, summer 2025 could be the best time in years to score a deal. The Porsche Taycan, once a darling of the luxury electric vehicle world, is now facing significant depreciation. According to Fix, the luxury EV market is slowing, and the Taycan's resale value has dropped by 26.5% in the past year, now averaging around $73,976. This rapid decline is fueled by advances in EV battery technology and fierce competition from newer models, making older Taycans less appealing. Auto mechanic and JustAnswer expert Chris Pyle, says that dealers are more willing to lower the price in the negotiations to free up funds and space on the lot for the new models coming in. Buyers can expect even more aggressive pricing as summer inventory builds and the market for luxury EVs continues to soften. Jaguar's F-Pace SUV is another luxury vehicle expected to see major price drops this summer. The company's transition to an all-electric lineup by 2026 and a controversial rebrand have weakened demand for the F-Pace. According to Car and Driver, it's the slowest-selling U.S. automobile with a 291-day supply on dealer lots, so dealers may need to lower prices to clear stock. Fix noted that the F-Pace's future is uncertain, and buyers can expect deep discounts as Jaguar prepares to phase out this model. For those looking for a bargain on a stylish and capable luxury SUV, the F-Pace will be hard to overlook this season. The Maserati Grecale, a luxury SUV introduced to compete with top German rivals, is struggling with high pricing and low consumer interest. It saw price reductions for 2025, with the Modena trim now $2,000 less and the Trofeo $3,300 less than last year, according to Fix explained that dealers are likely to offer incentives and attractive financing deals to attract buyers, making this summer a prime time to negotiate a strong deal on a Grecale. RealCarTips reports that the 2025 Grecale GT is already selling for about 7% below MSRP, reflecting dealer incentives and negotiation. The Mercedes-Benz S-Class, long considered the gold standard for luxury sedans, is expected to see reduced resale values in 2025. The S-Class faces increased competition from rivals like the BMW i7 and Lucid Air, as well as shifting market trends toward more affordable electric vehicles. As per Edmunds, the S-Class faces steep depreciation, with the S 580 4MATIC losing nearly $41,000 in value in its first year and over $65,000 in two years. According to Fix, oversupply and aging technology in the current generation are pushing dealers to offer discounts to attract buyers. As a result, those interested in the S-Class can expect to see more competitive pricing and incentives throughout the summer, especially on models that are not the latest refresh. BMW's 5 Series is another luxury sedan likely to experience substantial price drops this summer. The 2025 refresh, combined with increased production, is expected to lower the resale value of older models as newer versions flood the market. RealCarTips reports that the 2025 5 Series is selling for up to 9% below MSRP in some regions, highlighting strong dealer incentives and discounts. As such, dealers will be motivated to clear out prior-year inventory, leading to steep discounts and attractive financing offers. Fix suggested that buyers monitor dealership and online prices closely, as timing a purchase just before the new models arrive could yield the biggest savings. The 5 Series remains popular, but this summer's market conditions make it a standout for bargain hunters seeking a premium driving experience. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 10 Genius Things Warren Buffett Says To Do With Your Money 7 Luxury SUVs That Will Become Affordable in 2025 This article originally appeared on 5 Luxury Cars That Will Have Massive Price Drops in Summer 2025
Yahoo
21-06-2025
- Automotive
- Yahoo
5 Classic Cars That Will Have Massive Price Drops in the Summer of 2025
Classic car values are always shifting, but this summer, several iconic models are set for significant price drops. Economic pressures, changing buyer demographics, and high maintenance costs are driving down demand for many pre-1980s classics. Read Next: Find Out: Lauren Fix, automotive expert at Car Coach Reports, explained that younger collectors are prioritizing modern classics from the 1980s and 1990s, leaving older, high-maintenance cars behind. Inflation and uncertain consumer confidence are also making buyers more selective, especially as restoration expenses continue to climb. A 2024 WCShipping report, citing Hagerty and Classic Valuer data, found nearly half of classic car models lost 10-20% in value. Here are five classic cars that are expected to see the steepest price declines in the summer of 2025, along with the reasons behind these changes. The Ferrari 308 and 328, once icons of 1980s style and television fame, are now facing a market correction. Collectors are shifting their attention to rarer Ferraris or moving up to 1990s models like the F355, leaving the 308 and 328 with fewer interested buyers. Classic Cars Magazine notes that oversupply and high maintenance costs are pushing prices down, especially for mid-tier and driver-quality examples. Fix expects the average 308 prices to drop from $60,000-$100,000 to $45,000-$75,000, with non-concours cars seeing the steepest declines. For enthusiasts, this summer could bring some of the best deals on these classic Ferraris in years, especially as sellers become more motivated to move inventory. The Aston Martin DB4, DB5 and DB6 have long been seen as the pinnacle of British automotive luxury, especially the DB5 with its James Bond legacy. However, demand for these high-maintenance, high-cost vehicles is fading as younger collectors look to more modern, affordable classics. According to auto mechanic and JustAnswer expert Chris Pyle, non-American classics normally see price drops because they are less looked at by potential buyers. The DB5's allure has softened, and the market is now saturated with restored examples, pushing prices down. As a result, expect to see notable price drops for all but the rarest, concours-quality cars. For buyers, this summer could be the best chance in years to own a legendary Aston Martin at a relative bargain. The Chevrolet Corvette C3, a favorite among American muscle car fans, is experiencing softening demand and falling prices in 2025. Oversupply of lower-quality examples and shifting interest toward newer C4 and C5 models, which offer better performance and value, are contributing to the decline. Hagerty's auction data shows that muscle cars like the C3 are trailing in appreciation compared to modern classics, and economic uncertainty is making buyers more cautious. According to Fix, non-Stingray or high-mileage C3s are expected to drop 10-20 percent in value, with average prices falling from $20,000-$30,000 to $15,000-$25,000. For those looking for a classic American sports car, this summer could be an ideal time to buy a C3 at a discount. The Jaguar E-Type, once hailed as one of the most beautiful cars ever made, is now facing reduced demand and falling prices. Fix says less desirable Series II and III E-Types, especially coupes and less pristine convertibles, could decrease 15-20% in price. Basically, high maintenance costs and a market flooded with restored examples are making it harder for sellers to command premium prices. Jaguar's rebrand and shift toward electric vehicles have also dampened enthusiasm for its classic models, especially among younger buyers, according to Topgear by BBC. For collectors, this summer could offer the rare chance to acquire an E-Type at a price not seen in years. Air-cooled Porsche 911s have long been collector favorites, but the market is cooling for certain models in 2025. Hagerty reports that economic developments and changing consumer tastes are affecting older, non-iconic air-cooled Porsche 911 prices, especially as demand rises for water-cooled 911s. Maintenance costs and a saturated market are adding pressure, especially for high-mileage or less rare examples. Fix expects base or driver-quality air-cooled 911s to drop 10-15 percent, with prices falling from $40,000-$70,000 to $35,000-$60,000. For buyers, this summer could be the right moment to finally own a classic Porsche at a more accessible price point. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 6 Popular SUVs That Aren't Worth the Cost -- and 6 Affordable Alternatives How Much Money Is Needed To Be Considered Middle Class in Your State? This article originally appeared on 5 Classic Cars That Will Have Massive Price Drops in the Summer of 2025
Yahoo
19-06-2025
- Automotive
- Yahoo
6 SUVs That Will Have Massive Price Drops in the Summer of 2025
For SUV shoppers, summer 2025 will be the perfect time to find deep discounts, generous incentives and excellent financing on both electric and gas-powered models. Lauren Fix, automotive expert at Car Coach Reports, said this trend is being driven by inventory surpluses, shifting consumer preferences and new tariff policies that are forcing automakers to rethink pricing. Discover More: Try This: Recently, we've seen Ford offer aggressive discounting as the manufacturer prioritizes U.S. production and tries to clear dealer lots, per USA Today report. Electric vehicles and luxury SUVs are especially vulnerable, as demand softens and competition heats up in both the compact and high-end markets. According to Fix, buyers should expect discounts ranging from $3,000 to $15,000 off MSRP, especially if they shop in June or July and compare dealership offers. This summer's market conditions offer a rare chance to score a premium SUV at a much lower price. The Porsche Macan EV, which debuted with high expectations, is now facing sluggish demand and growing inventory at dealerships. According to Edmunds, the 2025 Macan Electric starts at $75,300, but dealers are already offering discounts of $10,000 to $15,000 to move unsold models. Motorauthority also reports that the new rear-wheel-drive base Macan EV is cheaper than last year's entry-level model, reflecting the pressure on Porsche to stay competitive. Buyers interested in a luxury electric SUV will find this summer an excellent time to negotiate a deal, especially as more affordable and updated EVs hit the market. Trending Now: The Alfa Romeo Stelvio, once a standout in the luxury SUV segment, is now among the fastest-depreciating vehicles in its class. 'The Stelvio's steep 67% depreciation makes it a bargain, with cuts up to $12,000 as dealers clear out inventory,' according to CarEdge. The site notes the Stelvio loses about 67% of its value within five years, with a five-year resale value of just $18,957. Shoppers looking for a European luxury SUV can expect some of the steepest price cuts on the Stelvio this summer, making it a bargain for those willing to accept higher long-term depreciation. The Chevrolet Blazer EV, another electric SUV facing stiff competition and slow sales, is likely to be heavily discounted in the coming months. 'Dealers are motivated to offer $5,000 to $10,000 off MSRP to move unsold Blazer EVs,' Fix said. As automakers deal with high inventory and tariff pressures, buyers should monitor dealership promotions and be ready to negotiate. This summer presents a unique chance to get a high-tech electric SUV at a substantial discount. Ford's Mustang Mach-E, a key player in the electric SUV market, is experiencing excess inventory and slow sales in 2025. 'Ford's Mustang Mach-E faces excess inventory, driving discounts of $5,000 to $10,000, especially on 2024 models,' Fix shared. Ford Authority reports that Ford has launched an employee pricing program for everyone, offering nationwide discounts on both 2024 and 2025 Mach-E models. These incentives, which can total $5,000 to $10,000 off MSRP, are available through July and include additional perks like complimentary home chargers. The Volvo XC90, a mainstay in the luxury SUV market, is expected to see significant price drops as dealers clear out older models ahead of a refresh. Car and Driver reports that the 2025 XC90 starts at $58,695, but local dealers are discounting current inventory by $7,000 to $12,000 to make room for the updated version. Buyers can expect additional incentives and low financing rates, especially on the outgoing model, making this summer a great time to buy a luxury SUV with a reputation for safety and reliability. The Ford Escape, a popular compact SUV, is also seeing major price reductions as the 2025 model year approaches. According to CarBuzz, the 2025 Escape is cheaper than the 2024 version, with price cuts starting at $1,395 on the base trim and up to $2,100 for the plug-in hybrid. Dealers are offering additional discounts of $3,000 to $6,000 to clear out remaining 2024 inventory, especially as demand for compact SUVs slows. Buyers interested in an affordable, fuel-efficient SUV will find the Escape especially attractive this summer, with deep discounts and incentives available. Editor's note: Photos are for representational purposes. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Warren Buffett: 10 Things Poor People Waste Money On 10 Cars That Outlast the Average Vehicle This article originally appeared on 6 SUVs That Will Have Massive Price Drops in the Summer of 2025
