Latest news with #pricecuts
Yahoo
4 days ago
- Automotive
- Yahoo
5 Luxury SUVs That Will Have Massive Price Drops Before 2025 Ends
Many luxury SUVs are getting big price cuts as 2025 comes to an end. Dealers have more cars than buyers, and many models are changing or getting replaced. According to Lauren Fix from Car Coach Reports, high prices and slow demand mean better deals for Americans searching for a luxury SUV. Discover More: For You: Rising loan rates and expensive insurance make owning a luxury SUV even harder this year. Electric SUVs have the sharpest price drops, but gas-powered models are not immune, especially those facing a redesign. Waiting until late in the year could help buyers find bigger discounts as dealers try to move outgoing models. Here are five luxury SUVs with the largest price drops expected before the end of 2025. BMW iX The BMW iX is dropping in price quickly as new electric models and tech updates come out. According to Kelley Blue Book, the BMW iX xDrive50 can lose $51,000 in value over five years, keeping only $37,000 of its original price. Dealers are discounting the iX to clear space for new versions and match slow demand from buyers. Fix notes that struggling sales and a high starting price are leading to strong incentives on the iX. Americans shopping for this SUV in late 2025 could see lower prices and special finance offers from dealers. Patience may pay off for those waiting until the model year ends. Check Out: Mercedes-Benz EQE SUV 'Overproduction and weak consumer interest in all-electric luxury SUVs, including the Mercedes-Benz EQE SUV,' Fix said. Large price drops are common as electric SUV demand slows and new features make older models feel outdated. Earlier this year, when Mercedes-Benz rolled out massive discounts on 2025 high-end EVs, the EQE SUV price was slashed by $8,000. Fix added that high lease returns put even more pressure on dealers, making it easier to bargain for a good deal. Many buyers pick newer technology, which means current models are often discounted by the end of the year. With these developments, it'll be smart to watch out for extra incentives, stacked on top of already lowered prices, before 2025 ends. Cadillac Lyriq The Cadillac Lyriq sees regular markdowns, with more cars than buyers available at most dealerships. According to GM Authority, current deals include low-interest loans, cash rebates and lease offers with extra perks. Buyers can find a $2,000 incentive if they own a vehicle from another luxury brand, plus loyalty bonuses from Cadillac. Fix points out that Cadillac is lowering prices to keep up with new, cheaper rivals offering longer range. As a result, late 2025 could bring even deeper discounts for those ready to buy or lease. Big rebates and extra cash back help buyers get more value for a new Lyriq. Audi Q8 e-tron Audi's Q8 e-tron is about to be redesigned, and dealers are eager to sell the current version. According to Kelley Blue Book, it can lose more than $50,000 in value over five years, leaving a resale price of nearly $23,000. This full-size electric SUV is getting marked down as stores look to avoid old inventory stacking up before new versions launch. Fix explains that strong competition from other electric SUVs adds to the downward price pressure. Watch for deep discounts at stores hoping to clear the Q8 e-tron before the next big update. Buyers can use this timing to ask for better deals and incentives. Genesis GV60 The Genesis GV60 is losing value fast because it is less well-known and faces heavy competition. Kelley Blue Book lists cash-back deals, with special bonuses for groups like first responders, college graduates and military members. Dealers have also advertised extra incentives for those choosing a Genesis over other luxury brands. Fix shares many Americans pick more established luxury names, giving power to those willing to make a switch. Newer electric SUVs with better features cause GV60 prices to stay low through deep discounts and rebates. Waiting for year-end clearance could help buyers save even more. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 5 Types of Cars Retirees Should Stay Away From Buying How Far $750K Plus Social Security Goes in Retirement in Every US Region This article originally appeared on 5 Luxury SUVs That Will Have Massive Price Drops Before 2025 Ends
Yahoo
4 days ago
- Automotive
- Yahoo
5 Luxury SUVs That Will Have Massive Price Drops Before 2025 Ends
Many luxury SUVs are getting big price cuts as 2025 comes to an end. Dealers have more cars than buyers, and many models are changing or getting replaced. According to Lauren Fix from Car Coach Reports, high prices and slow demand mean better deals for Americans searching for a luxury SUV. Discover More: For You: Rising loan rates and expensive insurance make owning a luxury SUV even harder this year. Electric SUVs have the sharpest price drops, but gas-powered models are not immune, especially those facing a redesign. Waiting until late in the year could help buyers find bigger discounts as dealers try to move outgoing models. Here are five luxury SUVs with the largest price drops expected before the end of 2025. BMW iX The BMW iX is dropping in price quickly as new electric models and tech updates come out. According to Kelley Blue Book, the BMW iX xDrive50 can lose $51,000 in value over five years, keeping only $37,000 of its original price. Dealers are discounting the iX to clear space for new versions and match slow demand from buyers. Fix notes that struggling sales and a high starting price are leading to strong incentives on the iX. Americans shopping for this SUV in late 2025 could see lower prices and special finance offers from dealers. Patience may pay off for those waiting until the model year ends. Check Out: Mercedes-Benz EQE SUV 'Overproduction and weak consumer interest in all-electric luxury SUVs, including the Mercedes-Benz EQE SUV,' Fix said. Large price drops are common as electric SUV demand slows and new features make older models feel outdated. Earlier this year, when Mercedes-Benz rolled out massive discounts on 2025 high-end EVs, the EQE SUV price was slashed by $8,000. Fix added that high lease returns put even more pressure on dealers, making it easier to bargain for a good deal. Many buyers pick newer technology, which means current models are often discounted by the end of the year. With these developments, it'll be smart to watch out for extra incentives, stacked on top of already lowered prices, before 2025 ends. Cadillac Lyriq The Cadillac Lyriq sees regular markdowns, with more cars than buyers available at most dealerships. According to GM Authority, current deals include low-interest loans, cash rebates and lease offers with extra perks. Buyers can find a $2,000 incentive if they own a vehicle from another luxury brand, plus loyalty bonuses from Cadillac. Fix points out that Cadillac is lowering prices to keep up with new, cheaper rivals offering longer range. As a result, late 2025 could bring even deeper discounts for those ready to buy or lease. Big rebates and extra cash back help buyers get more value for a new Lyriq. Audi Q8 e-tron Audi's Q8 e-tron is about to be redesigned, and dealers are eager to sell the current version. According to Kelley Blue Book, it can lose more than $50,000 in value over five years, leaving a resale price of nearly $23,000. This full-size electric SUV is getting marked down as stores look to avoid old inventory stacking up before new versions launch. Fix explains that strong competition from other electric SUVs adds to the downward price pressure. Watch for deep discounts at stores hoping to clear the Q8 e-tron before the next big update. Buyers can use this timing to ask for better deals and incentives. Genesis GV60 The Genesis GV60 is losing value fast because it is less well-known and faces heavy competition. Kelley Blue Book lists cash-back deals, with special bonuses for groups like first responders, college graduates and military members. Dealers have also advertised extra incentives for those choosing a Genesis over other luxury brands. Fix shares many Americans pick more established luxury names, giving power to those willing to make a switch. Newer electric SUVs with better features cause GV60 prices to stay low through deep discounts and rebates. Waiting for year-end clearance could help buyers save even more. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy Clever Ways To Save Money That Actually Work in 2025 This article originally appeared on 5 Luxury SUVs That Will Have Massive Price Drops Before 2025 Ends
Auto Express
5 days ago
- Automotive
- Auto Express
Hyundai slashes prices across its entire EV range
Hyundai is the latest manufacturer to respond to the Government's convoluted Electric Car Grant by slashing prices on all its electric models – even those that definitely won't be eligible for any subsidies. Aligning with the official bands, Hyundai has cut the price of the baby Inster by £3,750, which means it now kicks off from under £20,000, while the rest of the brand's electric line-up – the Kona Electric, Ioniq 5, Ioniq 6 and Ioniq 9 – all drop by £1,500. That includes the high-performance Ioniq 5 N, and is despite only the Kona being under the Government's £37,000 threshold for grant eligibility. Advertisement - Article continues below The Korean brand has moved amid uncertainty caused by the Government's announcement of its new grant, which has led to consumers holding back on ordering EVs until it becomes clearer which will – or won't – be eligible. Environmental conditions around the grant application make it harder for Asian brands to qualify, although more detail will emerge in the coming days and weeks on which manufacturers are included. As manufacturers continue to react to the EV Grant, you can find the latest top deals on electric cars through the Auto Express marketplace and our parent company Carwow has a live EV deals page tracking the latest offers . Hyundai is yet to make clear how long the price cuts will be in effect, and its decision follows similar moves by Alfa Romeo, Kia, Leapmotor and MG in recent days to shore up demand. 'As the electric vehicle landscape continues to evolve, it is important that customers have complete clarity, choice and compelling value when making the switch to electric,' said Hyundai UK boss Ashley Andrew. 'By providing immediate financial support through our grant programme, we're ensuring that more customers can experience the significant long-term savings that come with electric driving.' Bag yourself a top EV deal! Our nationwide dealer network has some fantastic cars on offer right now with new, used and leasing deals to choose from... Find a car with the experts Dacia's baby EV due in 12 months with a tiny £15k price tag Dacia's baby EV due in 12 months with a tiny £15k price tag Dacia's new model will be developed in double-quick time, and it'll be built in Europe to avoid China tariffs MG4 and MGS5 EV prices slashed in reply to Government Electric Car Grant MG4 and MGS5 EV prices slashed in reply to Government Electric Car Grant In order to boost sales, MG is announcing its own a £1,500 grant for some of its EVs Renault will 'stick to the plan' as it hits number 2 in Europe Renault will 'stick to the plan' as it hits number 2 in Europe Renault has no plans to fight Volkswagen for sales supremacy, despite huge growth in EV sales due to new Renault 5
Car and Driver
19-07-2025
- Automotive
- Car and Driver
Mercedes Drops EQ Pricing Before Ending U.S. Production
Mercedes-Benz is cutting prices across the board on its EQ EV models, as the brand prepares for a United States without EV tax credits. Between the 2025 and 2026 model years, prices are down as little as $4150 (for the EQS sedan) to as much as $15,300 (for the EQS SUV). Along with the price cuts, Mercedes is planning to end U.S. production of its EQ models (sans EQB), ahead of the Sept. 30 deadline for EV tax credits. Mercedes-Benz is hosting a fire sale of its electric models in the United States as the reality of a U.S. without EV tax credits continues to draw closer. As the brand struggles to move its egg-shaped EVs in any serious numbers, the brand is drastically cutting prices for the 2026 model year. Between the 2025 and 2026 model years, pricing for the EQ lineup took a nosedive. The EQE sedan and EQE SUV dropped from $76,050 and $79,050, respectively, to $66,100 apiece. The EQS sedan price drop was the least drastic of the bunch, moving from $105,550 in 2025 to $101,400 in 2026. On the other end of the spectrum, the EQS SUV plummeted from $106,400 to $91,100. Andi Hendrick | Car and Driver Between the termination of the federal EV tax credit moving up from the end of the year to September 30 and Mercedes's struggling EV sales, the brand is taking more drastic actions than simple price cuts. According to a report by Mercedes will end production of all four U.S.-market EQ products (excluding the EQB), starting on September 1. "As a company with global activities and more than 30 plants worldwide, including in Alabama and South Carolina, Mercedes-Benz maintains a local-for-local strategy. In doing so, we continuously optimize our production network and use its high flexibility to react quickly to market conditions," the spokesperson told the outlet. Not only is production stopping, but the automaker isn't giving a timeline for bringing manufacturing back online. "Please understand we are unable to share a timeline for when production will resume for competitive reasons. We will share more information when available," the spokesperson said. Michael Simari | Car and Driver Car and Driver reached out to Mercedes-Benz for confirmation on the production stoppage and to ask for clarification on how the upcoming CLA and GLC EV models will be affected, but we have not heard back at the time of publishing. We will update this story if we get a response. Jack Fitzgerald Associate News Editor Jack Fitzgerald's love for cars stems from his as yet unshakable addiction to Formula 1. After a brief stint as a detailer for a local dealership group in college, he knew he needed a more permanent way to drive all the new cars he couldn't afford and decided to pursue a career in auto writing. By hounding his college professors at the University of Wisconsin-Milwaukee, he was able to travel Wisconsin seeking out stories in the auto world before landing his dream job at Car and Driver. His new goal is to delay the inevitable demise of his 2010 Volkswagen Golf. Read full bio
South China Morning Post
02-07-2025
- Automotive
- South China Morning Post
China's BYD, Geely bank on big discounts to set record car sales, pressure smaller rivals
China's leading electric vehicle (EV) makers from BYD to Geely Auto sustained their strong sales last month as big price cuts lured new buyers, helping boost their market share and heaping pressure on smaller, unprofitable rivals. BYD, the world's largest EV builder, delivered 382,585 vehicles in June for its best month this year, the Shenzhen-based company said in a filing on Tuesday. While deliveries were little changed from May, they jumped 12 per cent from a year earlier. Geely, China's second-largest carmaker , raised its full-year target by 11 per cent after recording sizzling first-half sales. 'More consumers believed it was the right time to make their purchase decisions,' said Zhao Zhen, a sales director at Shanghai-based dealer Wan Zhuo Auto. 'But worries are mounting that sales would decline sharply when the carmakers stop offering big discounts.' Companies cut prices on a total of 70 EVs and petrol cars in the final week of May, according to the 21st Century Business Herald newspaper, capitalising on state subsidies to draw buyers. Beijing offers a 20,000 yuan (US$2,790) trade-in rebate for EV purchases and 15,000 yuan for petrol-powered cars. EV buyers are also exempt from paying a 10 per cent sales tax. 03:30 Global carmakers cede world's largest auto show to Chinese EVs Global carmakers cede world's largest auto show to Chinese EVs Geely, which makes petrol- and electric-powered cars, delivered 1.41 million vehicles in China and abroad from January to June, a 47.5 per cent surge from a year earlier, according to its exchange filing on Tuesday. The firm raised its full-year target by 11 per cent to a record 3 million units, the filing showed. The Hangzhou-based firm in east Zhejiang province said its budget EV brand Galaxy recorded a 232 per cent year-on-year sales surge to 548,408 units in the first six months, while its premium EV unit Zeekr registered a 14.5 per cent jump to 244,877 units.
