Latest news with #Shefska
Yahoo
6 days ago
- Automotive
- Yahoo
5 Reliable Cars That Will Have Massive Price Drops in Summer 2025
The impact of Trump's tariffs on car prices may have you thinking twice about buying a vehicle this summer. However, it's still quite possible to find good deals — and perhaps snag a reliable vehicle with a big price drop this summer. Consider These: Learn More: Here are some factors to consider as we head into the summer car buying season. 'We're entering a rare window where some of the most reliable cars on the road are also the most negotiable,' said Zach Shefska, CEO and co-founder of CarEdge. 'Models like the Nissan Altima and Subaru Legacy are being phased out, while others like the Honda Passport and Toyota RAV4 are making way for redesigned versions. That's a recipe for aggressive summer discounts.' For discerning buyers, especially those who prioritize long-term value and dependability, June and July could offer serious opportunities. Shefska said that's especially true, as dealers start clearing out inventory ahead of 2026 releases. Keep in mind that it never hurts to shop around — both at dealers and online — and negotiate for even better prices. I'm a Car Expert: Shefska shared with GOBankingRates a list of five reliable cars that'll have massive price drops this summer, along with reasons why these particular vehicles will be discounted. MSRP: $28,140-$35,970 Why it'll be discounted: Discontinued model, slow sales, high inventory MSRP: $27,980-$41,280 Why it'll be discounted: End of production, final model year clearance MSRP: $43,850-$49,920 Why it'll be discounted: Full redesign, 2026 model already available MSRP: $30,645-$40,350 Why it'll be discounted: Incoming redesign, highly competitive segment MSRP: $53,975-$71,875 Why it'll be discounted: Incoming model year, slow sales Note: Pricing information was pulled from Car and Driver. More From GOBankingRates 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses This article originally appeared on 5 Reliable Cars That Will Have Massive Price Drops in Summer 2025
Yahoo
19-03-2025
- Automotive
- Yahoo
7 Sports Cars That Will Have Massive Price Increases in Early 2025
With tariffs threatening to balloon the price of cars, sports car enthusiasts could be in for an even heftier hike on their favorite makes and models. Be Aware: Check Out: According to automotive industry experts Brian Moody, executive editor of Kelley Blue Book, and Zach Shefska, president and CEO of CarEdge, the following sports cars are likely to cause the most sticker shock in 2025. The Porsche 911 is one of the fastest-selling sports cars in the United States, according to Shefska. He noted the make has a mere 23-day supply, meaning it takes less than a month for Porsche to move every unit. With approximately 300 active Porsche 911s on the market, it's no wonder the cars — which have already increased in price by $6,000 since the start of the year — will continue to appreciate. But for anyone tempted to buy one, Shefska said there is one advantage: They have a high-performance combustion engine that keeps them in good shape for the long haul. 'You can hold on to 911s for decades, and they'll still retain a lot of their value,' he said. Explore More: Another Porsche making the list is the 718 Cayman. Shefska highlighted its sub-$100,000 price point and extremely low supply as key factors driving price increases. As a more accessible entry into Porsche ownership, the 718 Cayman is benefiting from the brand's reputation and the halo effect of higher-end models. 'Porsche recently said they're continuing their commitment to performance cars powered by combustion engines while continuing to offer interesting electric cars like the Macan EV, which will likely drive the prices up,' said Moody. The Chevrolet Corvette continues to be a standout in the sports car market, with Shefska pointing out its 'relatively inexpensive' price of around $70,000 compared to European exotics. That said, according to Shefska: 'Chevrolet has made it clear they want the price to go up, marketing it to compete with brands like Ferrari and McLaren.' Supply remains low, which is also likely to push prices higher. While the Ford Mustang remains a relatively affordable sports car, Ford's strategy of producing more high-trim models is driving up overall transaction prices. 'Many of the Mustangs sell for more than $50,000, which is pretty wild given the MSRP starts around $30,000,' said Shefska. Increased demand for performance-oriented trims and Ford's pricing strategies suggest that Mustang prices will continue to climb. The BMW M2 Coupe is another model with strong enthusiast demand and a tight supply, making it likely to see price increases. 'It only has a 37-day supply and it has a cult following, because it's the most compact M model still in production,' Shefska explained. It's no surprise the Ferrari F80 and McLaren W1 are on this list. According to Moody, both are ultra-high-performance models with low supply, both designed to appeal to true enthusiasts. He added the cache from these models could have a ripple effect on other models from these brands. 'The rare and exotic nature of those cars could have an upward push on the price of other Ferrari and McLaren cars like the 296 GTB and the Artura Spider,' he said. More From GOBankingRates Who Would Benefit the Most from Trump's Social Security Tax Plan 6 Big Shakeups Coming to Social Security in 20257 Things You'll Be Happy You Downgraded in Retirement This article originally appeared on 7 Sports Cars That Will Have Massive Price Increases in Early 2025
Yahoo
18-03-2025
- Automotive
- Yahoo
6 Luxury Cars That Will Have Massive Price Drops in Early 2025
So far, 2025 is proving to be the year of the luxury car. According to Brian Moody, executive editor at Kelley Blue Book, more car buyers are shelling out for pricey models. 'There have been more than 52,000 six-figure car sales in January and February this year alone,' he said. 'That's up from 46,000 over the same time last year, and from 12,000 in 2020.' Explore More: Read Next: But while the overall luxury car market remains strong, some models are struggling to leave the lot — suggesting there are ample opportunities for price cuts in the year ahead. Industry experts Moody and Zach Shefska, CEO of CarEdge, share their insights on which luxury vehicles are most likely to see price drops this year. British car manufacturer Jaguar courted controversy earlier this year with a rebrand that not everyone loved, and a bold promise to be 100% electric by 2026. This, said Moody, may be costing them. 'Though they're highly regarded by many car buyers, Jaguar is going through a transition, and is one of the few luxury models that might have price drops soon,' he said. Shefska added the Jaguar F-Pace is already showing signs of bearing the brunt of the company's change in direction. According to Car Edge data, the F-Pace has a 291-day supply, making it the slowest-selling car in the country. 'That means it would take 291 days to sell all the available Jaguar F-Paces based on current sales rates,' Shefska explained. 'We think that means there will be some big price cuts on that vehicle.' Consider This: The Porsche Taycan, a high-end EV, has seen depreciation on the used market, and its new models may follow suit, said Shefska. 'EV sales have been slowing down, particularly in the luxury segment. For a vehicle that costs, on average, $143,000, the market is just not that big,' he noted, adding that high supply levels and waning consumer interest in ultra-luxury EVs could result in significant incentives on the Taycan. Alfa Romeo's Giulia is another sedan facing price drops due to oversupply and lack of demand. 'Only 212 Giulias have sold in the last 45 days, and there's a 216-day supply on dealer lots,' Shefska revealed. This high inventory level suggests that dealerships will be offering steep discounts and financing incentives to move units. With a 243-day supply, the Cadillac CT4 is another luxury sedan struggling to find buyers. Shefska attributes its likely price decline to the growing preference for SUVs over sedans. 'There's a little bit of a trend here: Cadillac CT4, Porsche Taycan, and Alfa Romeo Giulia are all expensive luxury sedans, and consumers are opting for SUVs instead,' he noted, adding that buyers can expect dealer incentives, including low-interest financing and discounts of around 10% off MSRP. Maserati's new Grecale SUV has had trouble attracting buyers, mostly because the price point is too high. 'There's just not a lot of interest in expensive Maseratis right now — shocker,' said Shefska. 'And they raised the prices for 2025, despite already struggling to sell their vehicles.' He anticipates buyers will find good deals this year through dealer incentives and financing deals. While Lexus has strong overall demand, its electric models may be a different story. 'I would imagine price drops on electric versions of Lexus and Mercedes-Benz vehicles — especially lightly-used versions,' said Moody. The slowing demand for luxury EVs means steep discounts and attractive lease deals could be on the horizon. More From GOBankingRatesHow Paychecks Would Look in Each State If Trump Dropped Federal Income Tax3 Reasons Retired Boomers Shouldn't Give Their Kids a Living Inheritance This article originally appeared on 6 Luxury Cars That Will Have Massive Price Drops in Early 2025 Sign in to access your portfolio
