The worst deals on new cars right now

Some models are so hard to find that consumers pay well above the list price

By Jeff S. Bartlett

with Todd Young

If you have your heart set on buying a new car this year, be prepared to pay a lot more for certain models or choose one that is not in high demand.

Inflation and parts shortages have thrown a wrench in the auto industry, straining the market for new cars. So forget about saving money on the list price on many popular cars, SUVs and trucks. Some are so hard to find that consumers pay well above the sticker price for them. This includes must-have models like entry-level models, hybrids and electrics, and those that are business-essential, like heavy-duty pickup trucks.

In fact, the average price of new cars has climbed nearly $5,000 over the past year, reaching over $46,000 in February 2022, according to Kelley Blue Book.

In some cases, you might think it’s worth the extra money for your dream vehicle, even if it means more depreciation over time. For other vehicles, it may be best to seek out a suitable and more plentiful alternative.

Below, we outline the 10 cars, minivans, and SUVs that sell the most above list price, starting with the highest and using specific trims as examples. Again, Hyundai and Kia dominate the list. All models highlighted are from model year 2022.

CR members will see rating highlights and detailed pricing on specific builds and configurations. Keep in mind that this list does not take Consumer Reports recommendations into account, nor do we endorse paying such premiums on a new car.

Just beyond these 10 models, several others sell for 15% or more of MSRP, including (in order of ranking) the Hyundai Elantra, Hyundai Kona EV, Hyundai Palisade, Kia K5, Nissan Sentra, Nissan Kicks, Chevrolet Camaro and Subaru. Impreza.

Of course, local prices may differ. You can view transaction prices for these and all other mainstream vehicles from the model pages on our New Cars AZ page.

Also check out the best deals on new cars and new SUVs now, and browse the list of the most discounted cars.

CR Build & Buy Car Buying Service

In addition to research and reviews, Consumer Reports offers members access to the Build & Buy car shopping service at no additional cost. Through this service, members can compare in-stock vehicles, see what others have paid for the car they want, and customize their payments online. Once they’ve found the vehicle they’re interested in, members can get price quotes online from local certified dealers. In addition to nationwide incentives, Consumer Reports members are eligible for additional incentive offers from select manufacturers through the Build & Buy car buying service. Plus, members can get instant trade-in value for their current vehicle to use on their next car purchase.

Kia Soul: 20% more than MSRP

2022 Kia Soul

2022 Kia Soul Turbo
MSRP: $27,890
Average Spent vs. MSRP: $5,486
Average transaction price: $33,376

Kia Rio: 20% more than the MSRP

2022 Kia Rio

2022 Kia Rio S Sedan IVT
MSRP: $16,890
Average Spent vs. MSRP: $3,297
Average transaction price: $20,187

Kia Telluride: 19% above MSRP

Kia Sorento 2022

2022 Kia Telluride S TA
MSRP: $35,590
Average Spent vs. MSRP: $6,751
Average transaction price: $42,341

Kia Sorento: 19% above MSRP

Kia Sorento 2022

2022 Kia Sorento Hybrid S AWD
MSRP: $35,890
Average Spent vs. MSRP: $6,713
Average transaction price: $42,603

Kia Carnival: 19% above MSRP

Kia Carnival 2022

2022 Kia Carnival LXS
MSRP: $34,300
Average Spent vs. MSRP: $6,382
Average transaction price: $40,682

Accent Hyundai: 18% above MSRP

2022 Hyundai Accent

2022 Hyundai Accent SE
MSRP: $16,645
Average Spent vs. MSRP: $3,025
Average transaction price: $19,670

Hyundai Tucson: 17% above MSRP

2022 Hyundai Tucson

2022 Hyundai Tucson Plug-in Hybrid Limited AWD
MSRP: $42,700
Average Spent vs. MSRP: $7,448
Average transaction price: $50,148

Hyundai Venue: 17% above MSRP

2022 Hyundai Venue

2022 Hyundai Venue SEL IVT
MSRP: $20,750
Average Spent vs. MSRP: $3,614
Average transaction price: $24,364

Chevrolet Spark: 17% above MSRP

Chevrolet Spark 2022

2022 Chevrolet Spark LS CVT
MSRP: $14,700
Average Spent vs. MSRP: $2,495
Average transaction price: $17,195

Subaru Crosstrek: 17% above MSRP

Subaru Crosstrek 2022

2022 Subaru Crosstrek Hybrid
MSRP: $35,845
Average Spent vs. MSRP: $6,087
Average transaction price: $41,932

Tips for buying a new car

There are many things to consider when buying a new car. On the TV show “Consumer 101,” Consumer Reports expert Kelly Funkhouser tells host Jack Rico what to look for before taking a test drive.

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Consumer Reports is an independent, nonprofit organization that works alongside consumers to create a fairer, safer and healthier world. CR does not endorse products or services and does not accept advertising. Copyright © 2022, Consumer Reports, Inc.

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