4 Crossovers That Will Have Massive Price Drops in Early 2025

Yahoo

01-03-2025

Crossover vehicles have exploded in popularity over the last few years. They have all the qualities of a traditional car, but they also have the space and ease of an SUV. This makes crossover cars popular for people of all ages, including families and young professionals.
Unfortunately, some vehicles experience price drops over time due to new model releases, depreciation or even a market trend change. When this happens, it's important to take advantage of these price drops to get the best money-saving deal on your next vehicle. Below are four crossovers that will have massive price drops in early 2025.
Also here are six crossovers to avoid purchasing.
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With such a high supply and growing competition in the subcompact crossover market, the demand for the Hyundai Venue will likely decrease its price in 2025. Hyundai's commitment to updating upcoming models will make this model less desirable. The Hyundai Venue is compact, fuel-efficient and budget-friendly, making it great for small families or even first-time buyers.
'Hyundai entered the auto manufacturing world as a low-end budget option,' said Melanie Musson, auto industry expert with AutoInsurance.org. 'In the years since then, they've built a reputation for making cars that compete with mainstream vehicles. Still, the Venue is priced a little higher than what people want to pay for a crossover made by Hyundai.'
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The Tesla Model X is a favorite due to its advanced technology and sleek design. It's a great vehicle for long-distance driving, offering a large interior and unique Falcon Wing doors. However, with more EV options in the luxury crossover space and the increased availability of newer models, including the refreshed Model X, this will likely cause a price drop this year.
'Tesla is notorious for changing prices on vehicles,' Musson said. 'It's one of the reasons they depreciate so quickly. So, don't be surprised if the Model X has a significant price drop in 2025, especially following the slower market during the winter months.'
The Ford Escape is an excellent choice for commuters and families seeking an efficient vehicle that offers great value. It features an outstanding infotainment system, high safety ratings and a comfortable ride. There appears to be a general depreciation of internal combustion engine vehicles in a market flooded with EVs and hybrids and considering the absence of significant upgrades in recent years, it makes sense to wait until early 2025 for a great deal on the Ford Escape.
'Ford has recently re-engineered the Escape and the earlier ones are starting to stack up on dealerships,' said Alex Black, chief marketing officer at EpicVIN. 'Hybrids and EVs are also picking up and hence demand for gasoline compact SUVs like this is moderating. With more trade-ins, there's more supply and dealers reduce their prices in order to sell them.'
Many of the older Chevrolet Equinox models are facing depreciation due to competition and the high availability of this vehicle on the used car market. However, the car itself is great for anyone who needs dependable transportation without breaking the bank, especially with its roomy interior, smooth ride and cargo space.
GM has been heavily discounting on Equinox vehicles and this depresses the second-hand prices. To this, fleets of the renting companies are being cleared and this has saturated the markets. Surplus in addition to discounts on freshly made ones, means the other ones become cheap very quickly.
Keep an eye out for these four crossovers in early 2025, as they will all likely experience significant price drops. Take advantage of these opportunities to snag a great deal on your next car purchase, whether looking for something compact and budget-approved or a more luxurious option.
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This article originally appeared on GOBankingRates.com: 4 Crossovers That Will Have Massive Price Drops in Early 2025