CAR procurement experts have revealed that Subaru and Mazda are the two brands that appear to be immune to inflation, making them the best deals for 2024.
The cost of new cars continues to rise, although some are worse than others.
Ray and Zach Shefska, have two sons who are creating CarEdgefree car buying guide with resources and data to help people buy cars with confidence, say that due to inflation.
The inflation rate for cars depends on several factors, such as state or county car prices, depreciation rates, or availability.
Most inflation rates are the same, although some brands have increased their car prices significantly without good explanation, according to Ray and Zach.
Stellantis, the parent company of brands such as Jeep, Ram, Dodge, Fiat, and Chrysler, have increased their prices by nearly 51% – more than double the national average of 22%.
The vehicle under Stellantis with the highest inflation rates is the Jeep Wrangler, the country’s most popular off-roader.
According to Shefskas, Jeep prices have has increased by 61 percent in five years despite a 34% decline in sales during that period.
Other brands that saw another price hike are Hyundai and Kia, which saw a price increase of 49.67% since 2018.
However, the two automakers that maintained the lowest rates were Subaru and Nissan, hovering below the average rate of 19.05% and an increase of 19.1%.
Subaru’s strategy is simple: attract its market niche and stick to it.
“Subaru prices are very low compared to other brands because inflation is low,” Zach told US Sun in an exclusive interview.
“They’ve always been very cheap compared to other cars, especially when options like all-wheel drive and good technology for less than $50,000.”
For example, Subaru Outback The Touring XT, their top trim level, has a wealth of safety, comfort, and convenience features starting at $42,795 MSRP.
“Subaru prices have always been low, although they don’t always have the best deals, so there’s a catch,” said Zach.
That’s where Mazda comes in, as the price is lower but it offers more motivation.
“Mazda has low interest rates through their internal financing so other people can get a better deal there,” he said.
“They also have a lot of incentives and deals compared to other brands as well.”
For example, February 1, Mazda offered zero percent financing APR on the 2024 CX-30 SUV for Carbon Edition, Carbon Turbo and other models.
Typical interest rates range from 0.9% to 3.9% depending on trim level and vehicle, with monthly payments as low as $269 and down payments around $2,499.