These 7 Cars Are Due for a Redesign, Which Could Mean Big Savings for You
When buying a new car, you are likely looking for the latest and greatest model available. However, if you are looking for the best price, the brand-new model isn't the place to find it.
Cars are released in generations. Each generation typically lasts 5-7 years. Usually, there is little difference between model years within a generation. When a car is fully redesigned, a new generation starts. When redesigned versions of a vehicle start hitting dealer lots, dealers have a strong incentive to sell the older ones. This creates an opportunity for you to score a great deal on a previous-generation car.
Using data from Automotive News and Kelley Blue Book, we have selected seven vehicles that are starting new generations in 2018. This means there are steep savings to be found on the outgoing 2017 editions.
Click ahead to learn more.
2017 Ford Expedition
The current-generation Ford Expedition is knocking on a decade without a redesign. Within that decade, gas prices skyrocketed and sales plummeted. However, now that gas prices are at an all-time low and large SUV sales are on the rise, this a great time for Ford to introduce a redesigned Expedition for 2018.
The Expedition slots behind the GMC Yukon and Chevy Tahoe both in sales and in U.S. News rankings. However, the race is a tight one. Small updates over the years have kept it competitive. Plus, between these three, its $47,125 base price is the lowest. Even better, we named it the 2017 Best Large SUV for the Money because it has the best combination of value and quality in the class.
2017 GMC Terrain
The GMC Terrain is one of the few compact SUVs that straddles the luxury line. Its materials and cabin finishes are among the nicest in the class. GMC is doubling down on the luxury styling for its upcoming 2018 redesign – especially if you consider the top-tier Denali trim.
Right now, sales of the Terrain rank in the bottom third of the class. It can't touch the numbers of the sales-leading Nissan Rogue, which is currently outselling the Terrain more than 4-to-1. However, these low sales numbers coupled with the soon-arriving 2018 model mean you can likely negotiate a lower price at the dealership.
2017 Honda Odyssey
The Honda Odyssey was once the King of the minivan segment, but with hot, new players on the scene (like the Chrysler Pacifica and its hybrid counterpart), the aging Odyssey is in need of an update to stay fresh. Honda plans to do just that, debuting a redesigned Odyssey for 2018. That means dealers are likely eager to make a deal to clear out old inventory.
The Honda Odyssey is not a bad minivan, but it isn’t selling particularly well right now. It is being outsold nearly 2-to-1 by the budget-friendly Dodge Grand Caravan. It doesn't help that its starting price of $29,850 is the highest in the class. However, for families, it doesn’t get much better than this. That’s why we awarded it 2017 Best Minivan for Families for the seventh (!) year in a row.
2017 Chevy Traverse
The Chevy Traverse is one of the best midsize SUVs no one is buying. Its small footprint makes it a breeze to drive and easy to maneuver in tight driving situations – like crowded parking lots. The best feature of the Traverse is its class-leading cargo space. It has more than 100 cubic feet of space – more than some large SUVs and more than any other option in the class.
With crossovers becoming the go-to car for many buyers, the class competition is heating up. The sales-leading Ford Explorer is currently outselling the Traverse nearly 2-to-1. Overall, Traverse sales hover toward the middle of the pack, even though the Traverse's base price of $28,700 is one of the lowest in the class. Low sales combined with the redesigned 2018 Traverse debuting soon mean you can likely score a great deal.
2016 Mazda CX-5
The 2016 Mazda CX-5 was a best-seller for Mazda last year, and its redesigned 2017 model looks to continue the trend. The CX-5 is one of the sportiest compact SUVs you can drive, meaning you don't have to give up the fun factor just because you drive a crossover.
The compact SUV segment is among the most competitive in the market. The 2016 CX-5 is a great SUV, but it tends to get lost in the shuffle – especially considering sales powerhouses like the Honda CR-V and Toyota RAV4. Sales of the CX-5 are currently in the bottom half of the class. Its base price of $23,595 is about average for the class. With its low sales and the redesigned 2017 edition on the way later this month, you can likely drive the price down.
2017 Audi Q5
The current Audi Q5 tends to get overshadowed by its larger, more recently redesigned Audi Q7 brother. But with the luxury compact SUV market heating up, the all-new 2018 Q5 will likely take the spotlight in showrooms.
Right now, sales for the Q5 are down 10.4 percent since the beginning of the year. The Q5 is also losing ground to the immensely popular (and less expensive) Acura RDX. The Q5's $40,900 entry fee is steeper than most, but you can use its declining sales numbers to your advantage at the dealership to negotiate a lower price. Plus, with the upcoming 2018 redesign on the way, dealers are likely eager to give you a discount to clear out old inventory.
2017 Ford Fiesta
The Ford Fiesta hasn’t seen a full redesign since 2008, though a 2014 refresh, along with small updates throughout the years, have kept it competitive. Still, demand for the Fiesta lags well behind sales leaders like the Hyundai Accent and Nissan Versa. Both are outselling the Fiesta by 27 percent or more.
A base Fiesta with an automatic transmission starts at $14,775, which is $2,700 below the class average. With slow sales and a 2018 redesign around the corner, now is a good time to score a deal on the Fiesta.
U.S. News Best Price Program
If one of these outgoing vehicles has piqued your interest, head over to our best lease deals and finance deals pages. There, we've compiled a list of all the best incentives manufacturers are currently offering.
Once you're ready to buy, be sure to use the U.S. News Best Price Program, where shoppers save an average of $3,279 off their new car purchase.