Overview

• Average discounts on 2023 vehicles have more than doubled compared to last year, reaching over $4,000.
• Electric vehicles and models from Stellantis brands like Dodge and Jeep feature some of the deepest discounts.
• High inventories are driving dealerships to offer incentives, including zero-percent financing for qualified buyers.
• Consumers are advised to research carefully as some 2023 models may lack features introduced in 2024 versions.
• Used car prices have dropped significantly, making new cars a more attractive option for many buyers.