The Biggest Discounts On Overstocked Vehicles From 2020
2020 was a year like no other for the car industry. While some vehicles proved to be successful, like the fully-electric Porsche Taycan, many automakers suffered from massive drops in sales figures. Automakers ended up overstocking dealerships around the country with cars that failed to sell. Luckily for car buyers, leftover inventory means attractive discounts and clearance deals.
Dodge Charger
The second-generation of the modern Dodge Charger sedan debuted in 2011, though the history of this legendary moniker dates back to the 1960s. One of the most legendary muscle cars of all time has been revived for the 21st century and reimagined as a powerful, mean-looking sedan. In its most powerful variant, the Charger produces a whopping 797 horsepower!
Sales figures dropped from nearly 100,000 units in 2019 down to about 75,000 in 2020 (US). Over half of the Chargers produced throughout 2020 stayed on dealership lots. Car buyers who opt for the Charger can receive up to $7,070 in discounts, as well as 0.0% 72-month financing deals.
Ford Ranger
If you're a fan of midsize pickup trucks, right now could be the perfect time to get one! Although The Ford Ranger T6 has been around for a few years now, it only returned to the United States in 2019. The American manufacturer offers the truck with a 270-horsepower 2.3L Ecoboost flat-four under the hood, mated with a 10-speed automatic transmission.
Although the Ranger saw a rise in sales in 2020 compared to the previous year, many units remain unsold. In fact, according to a study by Iseecars as much as 51.5% of 2020 Rangers have not left the lots. Ford offers deals up to $2,250 off the sticker price.
Chrysler 300
Although the current Chrysler 300 has been around for almost a decade now, the automaker facelifted the vehicle in 2014 to freshen it up. Buyers can choose from a range of different motors to power this stylish sedan, ranging from an economical 3.6L Pentastar V6 up to a supercharged HEMI V8 that makes 470 horsepower!
In 2020, sales of the Chrysler 300 were nearly cut in half. In effect, 52% of the 2020 inventory remains unsold. Buyers who choose to buy a 2020 Chrysler 300 can expect up to $4500 cash back, or 0.0% 84-month financing deals.
Dodge Challenger
Similar to the previously mentioned Charger, Dodge revived the legendary Challenger nameplate at the beginning of the 21st century. The powerful muscle car debuted for the 2008 model year, complete with an exterior design that paid homage to its predecessor as well as a roaring V8 under the hood. In its most powerful trim, named the SRT Demon, the Challenger can reach 60mph in just 2.3 seconds!
Sales of the Challenger suffered in 2020, resulting in over 48% of the inventory remaining unsold. To attract more buyers, Dodge offers discounts up to $8,070 depending on the desired trim level. 0.0% 72-month financing is available too, just like its 4-door cousin.
Ram 1500 Classic
When purchasing a brand new RAM 1500 pickup truck, buyers can choose from 7 different trim levels. The base Tradesman package is fitted with a 3.6L Pentastar V6 under the hood, which is rated at 305 horsepower and offers a towing capacity of up to 7,730 pounds. Buyers can also opt for Dodge's legendary HEMI V8 powerplant, which increases the power output to 395 horses.
As over 37% of RAMs built in 2020 remain unsold, the American manufacturer offers attractive deals for the truck. Buyers can enjoy up to $3,750 cash back, or 0.0% 72-month financing as well as $1,750 cash.
Hyundai Santa Fe
The Santa Fe is another attractive SUV that has made it onto this list. The latest, fourth generation of the car debuted for the 2019 model year. Last year, the Korean manufacturer introduced a facelift for the 2021 model year. This is the final chance to get a pre-facelift fourth-gen Santa Fe, and it can turn out to be a great deal.
Over 57% of the Santa Fe inventory in the US in 2020 remains unsold. For this reason, dealerships introduced an array of attractive discounts to attract new buyers. Car buyers can get up to $4,250 off the price when paying in cash, or 0.0% financing with a $1000 discount.
Honda CR-V
Honda has had its fair share of overstocked cars last year, too. A prime example would be the CR-V, a crossover SUV that first debuted in the mid-1990s. The latest, fifth-gen CR-V was released for the 2017 model year.
The car is offered with a variety of different fuel-efficient engines, both petrol and diesel. In its most powerful variant, the CR-V produces 190 horsepower. Over 35% of the 2020 CR-V inventory still has not sold yet. Honda offers a 36-month lease at $239 per month plus $3299 at signing, or 60-month financing at 0.0% to boost sales.
Ford Expedition
The Expedition is a large full-size SUV that has been around since the late 1990s. The current fourth-generation first debuted in 2017 for the following model year. The SUV is fitted with Ford's 3.5L Ecoboost V6 motor that's rated at 375 horsepower. The optional Platinum Series offers a power bump to 400 horses, coming from the same 3.5L V6. The SUV is only offered with a 10-speed automatic transmission.
Over 61% of all units of the Expedition built in 2020 are still in dealerships. The American automaker offers great deals for the SUV, including a discount of up to $3000 or 84-month long financing at 3.9% APR.
Honda Civic
If you're looking for a tenth-generation Honda Civic, now is the ideal time to purchase one. Its successor is rumored to debut this spring for the 2022 model year. Buyers can choose between sedan, coupe, or hatchback body styles. A souped-up Civic Type R is available for buyers who are hungry for extra horsepower and enhanced handling.
Honda overstocked the Civic by over 34% in 2020 in the US. The Japanese manufacturer offers a 36-month lease at $179 per month with a $2699 downpayment, as well as 60-month 0.0% financing.
Ford Expedition MAX
As the name suggests, the Expedition MAX is essentially a larger variant of the previously mentioned Ford Expedition. The length of the MAX is an inch longer than the regular Expedition, allowing for more legroom in the rear. The full-size SUV comes powered by the same 3.5L Ecoboost V6 as the regular one. Both 4x2 and 4x4 versions are available, just like the standard Expedition.
Nearly 60% of this year's Ford Expedition MAX have not left the lot. Ford offers the same kind of discounts for the MAX as the ones that can be found for the regular Expedition. Expect $3,000 off the sticker price, or 84-month long financing at 3.9%.
Buick Envision
This compact SUV from Buick arrived in North America for the 2016 model year, two years after the car's debut in China. The Envision is a product of the joint venture between GM and SAIC Motors, and it is only assembled in China. GM is rolling out the second generation of the SUV later this year, it's the last chance to pick up a brand new first-gen unit.
Although US sales of the Envision saw a slight increase in 2020 compared to the previous years, GM turned out to be overenthusiastic when importing the cars to the United States. Over 51% of Envisions from 2020 are unsold, and buyers can get discounts up to $7500.
Chevrolet Trax
The Trax is a small SUV that debuted in North America for the 2015 model year. The car is sold with a variety of different fuel-efficient motors, ranging from a 1.4L flat-four up to a 1.7L turbocharged diesel powerplant. Buyers can choose between automatic and manual transmission, too.
Throughout 2020, Chevrolet sold 10 000 examples of the Trax less than in the previous year. Nearly 49% of the inventory is still not sold. Chevrolet offers discounts up to $4000, alongside 0.0% APR financing deals with an additional $2800 discount.
Chevrolet Bolt EV
The Bolt EV is a cheaper alternative to the majority of electric cars available on the market. The American manufacturer launched this compact EV for the 2017 model year. It's powered by a 200-horsepower motor and has a range of 238 miles on a single charge. The Bolt can seem like an absolute bargain, considering the price tags of its competitors. The MSRP starts at less than $40,000.
Nearly 70% of these subcompact EVs never left the lot in 2020. In effect, car buyers can expect to get great deals on the Bolt EV, such as 0.0% APR combined with a discount of up to $7,000.
Ford Escape
The latest, fourth generation of the Escape debuted for the 2020 model year. The refreshed SUV feature s 4 different powerplant options to choose from, including a fuel-efficient plug-in hybrid. The base model makes 181 horsepower, which is just enough for the everyday commute.
The American automaker was slightly overenthusiastic when producing the 2020 Escape. In fact, over 90% of the units produced remain in dealerships. Buyers can expect attractive 0.0% financing deals, as well as a local price reduction. For example, Ford offers a $6000 discount for the Escape in New York City until the end of March 2021.
Nissan Murano
The first Nissan that has made it onto this list. The third generation of the Murano SUV has been around since 2015. A year after the car's debut, the Japanese automaker released a hybrid variant of the car. Car buyers can either pick the base model powered by a 3.5L V6 rated at 260 horsepower or opt for the 250hp hybrid that gets 31 miles per gallon.
Nissan sold 10 000 Muranos less in 2020, as opposed to the previous year. In effect, nearly half of all Muranos produced in 2020 remain unsold. Buyers can receive discounts up to $6000.
Honda CR-V Hybrid
The Japanese automaker also offers a hybrid variant of the previously mentioned CR-V crossover SUV. The car is powered by a 2.0L flat-four as well as a small electric motor, generating 212 horsepower in total. A plug-in version of the hybrid is available, too.
Nearly 45% of all CR-V Hybrids destined for the US market in 2020 have not left the lots. Honda offers similar deals for the hybrid crossover, including a 36-month lease at $259 per month plus $3299 due at signing, or 0.0% 60-month financing.
Ford F-150
Even America's favorite pickup truck was not spared by the drastic changes in the automotive market in 2020. For its final production year, sales of the 13th-gen F150 dropped by over 100 000 units compared to 2019.
Now is the perfect chance to get your hands on a brand new F150, as Ford failed to sell over 40% of the units built for the American market last year. Buyers can receive up to $5,500 cash back for the 2020 F-150. What's more, the newest 14th-gen is right around the corner, too.
Chrysler Pacifica
Although this American minivan is proudly decorated with the Pacifica moniker, the vehicle is in fact unrelated to the now-discontinued Chrysler Pacifica crossover SUV. Instead, the minivan is a direct successor of the Chrysler Town & Country. The Pacifica debuted for the 2017 model year, and now is the perfect time to pick up a 2020 model.
Chrysler could not sell 38.7% of the Pacificas built for the American market in 2020. Now, the automaker offers up to $3,500 worth of discounts for the minivan, as well as 0.0% financing along with up to $1,000 cash.
Nissan Versa
The Nissan Versa, also called the Almera or the Sunny depending on the market, is a small subcompact that dates back to the 1990s. The latest generation was introduced for the 2020 model year. Three different trim levels are available. The base model is powered by a 1.0L three-cylinder motor, while the more powerful 1.6L flat-four can be found in the SR trim.
It appears that the Japanese automaker expected to sell more units of the Versa in 2020, as over 38% of all US units remain in dealerships. Nissan currently offers discounts up to $1000, as well as 0.0% 36-month financing deals.
Volkswagen Jetta
The seventh-generation of the Jetta, a compact sedan built by Volkswagen, hit the US market in 2018 for the following model year. The new Jetta is slightly larger than its direct predecessor, offering more interior space as well as the latest infotainment system from the German automaker. The base model is offered with a 147-horsepower 1.4L flat-four mated with either a 6-speed manual or an 8-speed automatic transmission.
38% of all Jettas destined to be sold in the US in 2020 remain at dealerships. Volkswagen offers attractive deals for the Jetta, including a 39-month lease at $199 per month plus $2499 at signing, as well as 0.0% financing for 72 months.
Nissan Sentra
The latest, eighth generation of the Sentra sedan hit the market for the 2020 model year. Nissan's stylish sedan is offered with a fuel-efficient 2.0L flat-four under the hood, which peaks at 149 horsepower. The Sentra is only offered with an automatic transmission in the US, making it a convenient choice for the daily commute.
Nissan failed to sell over 43% of all US-market Sentras in 2020. Dealers offer buyers attractive discounts on the car, including a $1,500 reduction on the MSRP, as well as 60-month 0.0% financing with an additional $1,000 discount.
Toyota Camry Hybrid
Many car buyers are unaware that Toyota launched a hybrid variant of its flagship 4-door sedan, the Camry. Throughout the past decades, the Toyota Camry has earned its reputation as one of the most reliable vehicles money could buy. The latest eighth-gen is no different.
The hybrid-powered Camry is fitted with a small 2.5L flat-four as well as a 5NM electric motor, the total power output is 176 horsepower. Despite a recent rise in sales, nearly 35% of US-built Camrys in 2020 failed to sell. Toyota offers up to $3000 off the 2020 Camry, as well as 0.0% 72-month financing.
Ford EcoSport
Though the second-gen EcoSport had been around since 2012, the car was not available in the United States until 2018. The fuel-efficient SUV is available with two different powertrains in the US. Buyers can choose from an affordable 1.0L three-cylinder Ecoboost motor along with a front-wheel-drive drivetrain, or a 2.0L flat-four with a 4WD drivetrain. Both powerplants are mated with automatic transmissions.
The 2020 EcoSport ended up being overstocked, with over 71% units remaining in dealerships. Buyers can expect attractive deals and local discounts of up to $6000, depending on the region.
BMW X5
The latest X5 is an upscale SUV produced by BMW since 2018. Even the base model offers rather impressive performance, including a 5.5-second sprint to 60 miles per hour, thanks to its 335-horsepower flat-six turbocharged motor. The souped-up X5 M Competition is the ultimate variant of the X5, it can reach 60mph in just 3.7 seconds. Diesel powerplant options are available for the SUV, too.
The German automaker offers attractive deals to get rid of the overstocked inventory, including $4500 off the price, as well as 60-month 0.9% financing.
Nissan Maxima
The latest, eighth-generation of the Maxima sedan, was developed by Nissan to be a lot more sporty than the car's predecessors. The car is fitted with a 3.5L V6 under the hood as standard, tuned to make 300 horsepower. The 2016 Maxima can reach 60 miles per hour in less than 6 seconds.
Deals for the latest Maxima sedan include up to $2,500 cash back, as well as 60-month financing at 0.9% plus an additional $1000 cash bonus.
Nissan Armada
The second-gen Armada is an exceptional SUV in its price range that has debuted for the 2017 model year. It is the perfect alternative for car buyers who are fed up with large SUVs powered by tiny fuel-efficient motors. Instead, Nissan fitted the Armada with a massive 5.6L V8 mated with a 7-speed automatic transmission. The large SUV peaks at 390 horsepower.
Nissan saw a large drop in sales of the Armada SUV in 2020 and ended up with a large chunk of the inventory still unsold. Car buyers can expect the MSRP reduced by as much as $5,150, as well as financing starting at $617 per month.
Cadillac CT5
The CT5 is a brand new luxury sedan that debuted for the 2020 model year. The vehicle features a wide array of comfort features, as well as impressive performance, all on top of the sleek design both inside and out. While the base model comes powered by a 2.0L flat-four, the optional supercharged 6.2L V8-powered Blackwing variant is the way to go for buyers who seek the ultimate high-performance machine.
Cadillac failed to sell many CT5s built last year and ended up with leftover inventory. The American manufacturer offers over $5000 in savings when purchasing a 2020 CT5.
Ford Mustang
The drastic changes in the car market last year affected sales around the globe. Ford is one of the automakers that suffered the most, and the Mustang is yet another vehicle that ended up being overstocked last year.
Car buyers can choose between a 2.3L Ecoboost flat-four for the base model or the powerful 5.0L V8 for the GT variant of the Mustang. The Shelby GT500 is the one to pick for buyers who seek the ultimate souped-up Mustang. Ford currently offers up to $1,750 off the MSRP, as well as attractive financing deals starting at $354 per month.
Dodge Grand Caravan
Dodge introduced the last generation of the Grand Caravan minivan for the 2008 model year. The practical minivan was initially offered either with a diesel flat-four or a V6 motor rated at between 161 and 251 horsepower, depending on the variant. Three years after the minivan's debut, Dodge dropped the motors in favor of the refreshed 2.8L diesel flat-four, as well as the 3.6L Pentastar V6. The minivan was eventually discontinued in 2020, ending its legacy that began in the mid-80s.
In early 2020, over 66% of the Grand Caravan inventory from the previous year failed to sell. Dodge offered up to $4,250 cash back, as well as 36-month 0.0% APR financing with an additional $1,000 discount.
Dodge Journey
During its production run, the American version of the Dodge Journey was offered with three different powerplants. Initially, the base model came fitted with an affordable 2.4L flat-four rated at 173 horsepower under the hood. Buyers could also pick the optional 235-horsepower V6 instead. In 2011, both engines were dropped in favor of the 3.6L Pentastar V6 tuned to make 283 horses. The SUV was eventually discontinued in 2019.
In the car's final production year, sales of the Journey had nearly halved. Dodge decided to clear out the overstocked inventory by offering attractive deals on the SUV, including a $4,000 price reduction or 36-month financing at 0.0% with an extra $2,500 discount.
Nissan Titan
The second-generation of Nissan's Titan pickup truck, built solely for the American market, debuted for the 2016 model year. The Japanese manufacturer had an ambitious plan to sell 100 000 units per year. Instead, sales peaked at merely 50 000 in 2017, before dropping dramatically in the following years.
The Titan is offered with a powerful 5.6L V8 under the hood, as well as a Cummins diesel for the Titan XD variant. Nissan failed to sell over 43% of its 2020 Titan inventory. Attractive deals included up to $7750 off the MSRP, as well as 0.0% financing for 84 months with an extra $4750 off.
Audi Q7
The second-generation Q7 is an upscale SUV sold by Audi since the 2016 model year. The car is offered with a variety of different motors to choose from, ranging from a 2.0L flat-four for the base model. Buyers who seek a performance-oriented version of the Q7 can pick the twin-turbocharged 4.0L V8 SQ7 variant, which can sprint to 60mph in just 4.3 seconds.
In 2019, the German automaker ordered 40% Q7s than it could sell. Audi offered 72-month 0.0% financing with no downpayment required in order to boost sales of their luxurious SUV.
Volkswagen Atlas
The Atlas is a crossover SUV introduced by Volkswagen in 2017 for the following model year. The car has two different engine options available in the US, both of which are gasoline motors. The base model comes powered by a 235-horsepower 2.0L flat-four. Buyers can choose to upgrade to a 3.6L V6 rated at 276 horses. A variant fitted with two passenger rows is available as the Atlas Cross Sport from the 2020 model year.
Back in 2019, Volkswagen overstocked the Atlas by over 37%. The manufacturer offered 72-month 0.0% financing, as well as 120-days deferred payments.
Alfa Romeo Giulia
The Giulia could very well be one of the most stylish sedans available on the market today. This Italian car was launched for the 2016 model year as a direct competitor to similar vehicles offered by BMW or Mercedes. In North America, the Giulia is only offered with two different engines to choose from. The base model makes 280 horsepower from its 2.0L motor. Buyers can choose to upgrade to an AWD drivetrain or the souped-up V6-powered version that produces 505 horsepower.
Alfa Romeo could not sell over 38% of Giulias brought to the US in 2019. The Italian automaker offered attractive 72-month 0.0% financing deals and 90 days deferred payments.
Chevrolet Impala
The Impala sedan returned for its 10th-generation back in 2013 for the 2014 model year. The affordable sedan featured a front-wheel-drive drivetrain and an automatic transmission. The base model came powered by a 2.5L flat-four that proved to be rather fuel-efficient. An optional V6 powerplant was available, too. The sedan was eventually discontinued in 2020 due to low sales.
In 2019, sales dropped by over 10,000 units opposed to the previous year. Chevrolet was left with over 31% 2019 Impalas unsold and offered attractive deals to boost sales. These included up to $2000 off the MSRP, or 84-month 0.0% financing.
Volkswagen Golf GTI
The seventh-gen of one of the best-selling vehicles in Europe debuted for the 2015 model year in the US. While the Golf is primarily built as a reliable vehicle for the daily commute, Volkswagen also offers performance-oriented variants. One of the most iconic versions is the GTI, powered by a 230-horsepower 2.0L flat-four. It can launch to 60mph in less than 6.5 seconds! What's more, the original GTI from the 1970s is widely regarded as the first-ever hot hatch.
Sadly, the German automaker could not sell over 27% of Golf GTIs brought to the US in 2019. Buyers could expect 72-month 0.0% financing for this hot hatch.
Mitsubishi Outlander
The current Outlander SUV debuted for the 2014 model year. The car is offered with a variety of different affordable powerplants to choose from. Buyers can opt for one of the gas-powered flat-fours, plug-in hybrids, or diesel variants of the Outlander. The latest Outlander features better fuel economy as its predecessor, as well as revised styling both inside and out.
In North America, the 2019 Outlander was overstocked by over 22%. In effect, Mitsubishi offered up to $3,750 cash back, as well as 48-month financing at 0.0% with 90 days referred payments and a $1,000 price reduction.
Honda Civic Coupe
The two-door coupe variant of the tenth-generation Honda Civic, based on the concept vehicle seen above, offers a more sporty package than the regular hatchback. Just like the sedan, the coupe is offered with one of two different engine options. Unfortunately, Honda decided to drop the coupe body style from its lineup after 2020. Now is the perfect time to grab one of the last new units that are still on the lots.
Honda ended up with 27% more two-door Civics than the automaker could sell in the US in 2019. Buyers could receive 60-month 0.9% financing deals with an extra $1,000 discount, as long as they were current owners of a new (min. 2009) Honda.
Nissan Kicks
This is a relatively new SUV from Nissan. The Kicks made its first official appearance at the Summer Olympics in Brazil in 2014. The car debuted in the US in 2017 and went on sale for the following model year. The Kicks is advertised by Nissan as a fuel-efficient, practical SUV that's fitted with some great comfort features, too. A hybrid variant, called the e-Power, is available alongside the regular four-cylinder gas-powered powerplant.
Despite a surge in sales in 2019, Nissan ended up with a big chunk of Kicks that remained unsold at the end of the year. The automaker offered up to $2,250 cash back, as well as 36-month 0.0% financing with no downpayment.
Honda Passport
The Passport nameplate made a return in 2018, following an absence on the market that lasted nearly two decades. The original Passport was a reputable SUV from the 1990s developed by Honda for the North American market. Fast forward to 2018, and the car has been resurrected. The Passport went on sale for the 2019 model year.
Under the hood, the Passport is fitted with a 280-horsepower V6 mated with an automatic transmission. No other engine variants are available. Due to overstocking the 2019 model, Honda offered 60-month financing deals at 0.9% combined with a $1000 discount for owners of any new (2009 and above) Honda.
