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wdakhbar.com Affordability Report: Best Value New Cars

The popularity of mid-size SUVs and pickup trucks continues, and these vehicles often command higher prices.

 

Among Toyota’s lineup, the RAV4 compact SUV had a median price of around $31,000 at wdakhbar.com dealerships in December, the median price of the midsize Highlander was $42,000, and the median price of the Tundra pickup was $55,000.

Even with its higher price, the redesigned Tundra saw sales jump 27% from 2021 to 2022, according to Automotive News.

The Ford lineup paints a similar picture: the F-Series pickup truck (median price $64,500) is not only Ford’s best-selling model but also the best-selling vehicle in the United States. Among Ford SUVs, the sale of the midsize Explorer ($50,500) is 1.5 times higher than the cheapest hatchback ($34,000).

These examples from Toyota and Ford show that buying a smaller car can make buying a new car more expensive.

However, it is important to consider the overall value of the car, including the purchase price, the features, and the cost of ownership.

For some buyers, the sound of a “utility car” is associated with a subcompact sedan, but our analysis of the best new cars for 2023 shows that budget-conscious buyers won’t have to limit themselves to the same type of car.

We analyzed four types of vehicles (cars, small SUVs, small trucks, and electric vehicles) focusing on price and value. To choose the best-value finalists in each category,

we use a method that compares the price and the available features. Unsurprisingly, those cars offer the most expensive median prices among Cars.com dealers; However,

the small SUV category includes many models.

Electric car models, on the other hand, have a higher average price than others, but our hybrids and electric finishers argue that it is possible to go electric without Bankruptcy.

Best price finishers

The best cars, small SUVs, minivans, and electric cars below are ranked in order of mid-price for models that include all the must-have features

(Apple CarPlay and Android Auto, blind spot monitoring Blind spot, automatic collision warning, brake, and pedestrian detection, and lane departure warning) standard or available.

If a package or option is needed to get the desired service, it is considered extra and added to the starting price of the car.

Variables that affect the cost of ownership (vehicle EPA fuel economy, annual fuel costs if applicable,

and manufacturer’s warranty coverage) are described for each vehicle, but not graded.

All median and starting prices, EPA ratings, and estimated fuel prices are for December 2022; The departure price includes destination charges. For more details, see the steps that follow this list.

It’s hard to beat a small sedan or sedan when it comes to economy and value. Although a small car may not be practical for all buyers, its median price is lower at wdakhbar.com dealers than the other three models: part of the car ($25,745) is $8,450 less than small SUVs, $17,325 less than small pickups. and $33,925 less for an electric car.

The median income for the best-value finalists below increases even more, from $20,240 to $21,545.

While they may not have the cargo space of an SUV or the utility of a pickup truck, these vehicles meet all the technology and safety criteria while delivering the highest fuel economy levels of any vehicle type. all land.

1. 2023 Kia Rio S

Other Modules: Package Technology
Median launch price: $20,240
Starting price: $20,085
MPG (city/highway/combined): 32/41/36
Annual fuel costs: $1,400
Warranty: five years/100,000 km bumper-to-bumper; 10-year / 100,000-mile warranty

2. 2023 Nissan Versa SV

Median launch price: $20,755
Starting price: $20,045
Fuel economy (city/highway/combined mpg): 32/40/35
Annual fuel costs: $1,450
Warranty: Three years/36,000 kilometers bumper-to-bumper; 5 year/60,000-year-old rail

3. Nissan Sentra 2022

Median release price: $21,380
Starting price (included): $21,045
Fuel consumption (city/highway/combined mpg): 29/39/33
Annual fuel costs: $1,550
Warranty: Three years/36,000 kilometers bumper-to-bumper; 5 year/60,000-year-old rail

4. Kia Forte LXS 2023

Other Modules: Package Technology
Median launch price: $21,585
Starting price: $21,815
Fuel economy (city/highway/combined mpg): 28/39/32
Annual fuel costs: $1,500
Warranty: five years/100,000 km bumper-to-bumper; 10-year / 100,000-mile warranty

5. Nissan Kicks 2023

Median launch price: $21,925
Starting price: $21,585
Fuel consumption (city/highway/combined mpg): 31/36/33
Annual fuel costs: $1,450
Warranty: Three years/36,000 kilometers bumper-to-bumper; 5 year/60,000-year-old rail

6.2023 Hyundai Elantra SE

Median release price: $22,005
Starting price: $21,545
Fuel consumption (city/highway/combined mpg): 33/42/37
Annual fuel costs: $1,350
Warranty: five years/100,000 km bumper-to-bumper; 10-year / 100,000-mile warranty

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