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Despite an abundance of inventory and high interest rates, new car prices keep rising, and 2025 car prices are no exception. Many automakers are increasing the starting prices of their vehicles at a pace that far exceeds inflation. Time and time again, we’ve seen automakers drop affordable base models, despite consumer appetite for cheaper options. Here are 10 models with the biggest MSRP increases for the 2025 model year. Note that all prices include mandatory destination fees.
Stay tuned for Part 2: The New Cars with the Lowest MSRP Hikes for 2025
With a base MSRP of $48,990, the CT5 has seen a whopping 23% increase. The CT5 Sport, the most popular spec, sees a 10% price increase for 2025. These hikes reflect Cadillac’s efforts to shift the brand to an even more upscale clientele. However, this comes at a notable cost, pushing Cadillac CT5 prices ever higher, and out of reach for more buyers.
With the elimination of the 4-cylinder Supra, Toyota’s classic sports car sees a much higher cost of entry. For buyers who prefer the more common GR Supra 3.0, prices increase ‘only’ $800. But at least all Supra variants now come with a 382-horsepower turbocharged engine,
MINI Cooper Hardtop prices have risen 23% over the past 5 years. These MSRP hikes have made a beloved brand once associated with affordability less attainable for many. The base MINI Cooper saw a 12% price increase for 2025. However, it’s not just the base model. The 2025 Cooper S Hardtop, a more popular trim, received a 10% price bump for the 2025 model year.
Chevrolet is synonymous with affordability. At least, that’s how it’s been for decades. Unsurprisingly, Chevrolet is aiming for a more premium market, with everything from design to price points reflecting that. GM sold 212,000 copies of the Equinox last year, and healthy sales have continued into 2024. But if you’re looking ahead to the 2025 model, the popular Equinox RS receives a 10% price hike, now starting at $35,480. 2025 car prices are on track to continue the upward trend.
Before we talk about Infiniti’s 2025 prices, let us remember one fact: the brand is merely Nissan’s upscale nameplate. With that in mind, would you pay close to $100,000 for one? For 2025, Infiniti is raising prices for the huge family hauler, the QX80. With a 2025 starting price of $84,485 with destination fee included, the QX80 receives a 11% price increase. Worse yet, the QX80 Luxe is 20% more expensive for 2025, now starting at $91,595.
Lincoln continues to refine its luxurious midsize SUV, the Aviator, with a large price increase for 2025. The base model now starts at $60,275, marking a 10% increase from 2024. The Lincoln Aviator Reserve, a favorite among buyers, sees an even steeper increase of 15%, bringing its starting price to $69,375.
With the much-anticipated redesign comes a much higher starting price for the 2025 Forester. Base model aside, the Popular Forester Sport also sees a 9% MSRP hike. With the 2025 Forester’s changes, the legendary Subaru has completed the journey from boxy hatchback (in the 90’s) to bonafide SUV.
For the 2025 model year, the Carnival MPV (A Kia acronym for multi-purpose vehicle) receives its first facelift since its debut in 2021. Unsurprisingly, Kia is leveraging the new fascia and added features to justify an 8% price increase for the base Carnival. The more popular Carnival EX sees a 4% MSRP increase for 2025.
For 2025, the Explorer sees an 8% price increase, bringing the base MSRP to $41,350. Surprisingly, the popular ST-Line trim sees a price reduction of 5% for the new model year. In 2024, the average selling price of a new Explorer is $47,515. Ford Explorer prices have increased by more than a third over the course of the past decade.
Car Price Inflation Is Real
The trend of rising car prices shows no sign of slowing down in 2025. While these increases might seem daunting, empowered buyers can still find ways to negotiate better deals. Staying updated on price trends and being prepared to negotiate are key strategies in this evolving market. Luckily, CarEdge has 100% free resources to get you there!
👉 Ready to let the experts negotiate for you? Let CarEdge take it from here. Your CarEdge Concierge can find the best vehicle for your needs, negotiate the best price, and handle all the details. Home delivery is available! Save time and money with CarEdge Concierge, the #1 car buying service in America.
If you’re looking for speed and handling without breaking the bank, you may be in for a pleasant surprise. There are several high-performance cars available for under $100,000 that deliver fun on the track, and a great ride on city streets. Let’s take a look at five of the best sports cars available under $100K in 2024.
2025 Chevrolet Corvette
The classic sports car
Starting at $69,995
Average selling price in 2024: $84,990
Widely viewed as the best-value deal for a performance car, the 2025 Corvette is all you could want in a sports car. The Corvette’s V8 produces 490 horsepower, enough to launch you to 60 miles per hour in 2.8 seconds. Want more of a luxury feel? The Corvette 3LT gets you Bose speakers, upgraded seats, leather upholstery, and a lot more starting at $81,745.
The Supra is built alongside the BMW Z4 in Austria, and that’s not a bad thing. The two affordable sports cars share a 382-horsepower turbocharged six-cylinder engine. Want a stick-shift? It’s available on the GR Supra at no extra cost.
It’s a 3-Series with the performance turned way up
Starting at $77,175
Average selling price in 2024: $94,130
Do you see yourself in a BMW? What about in a BMW, but with a racing helmet on? The 2025 BMW M3 is the ultimate blend between daily driver and performance champion. Both manual and automatic options are thrilling, leaving little room for competition. The only downside: the price easily climbs towards $100K, despite the attainable base price.
The closest we’ll ever get to the 300ZX of the 1990’s
Starting at $44,110
Average selling price in 2024: $53,614
The current generation of the Nissan Z screams nostalgia, and that seems to be what Nissan was aiming for when they launched their surprisingly affordable sports car. Design elements inspired by the Nissan sports cars of the 90’s Make no mistake, it’s no GTR, but it sure is fun to throw into corners. And, it’s easily found for under $50K.
You may have seen the reviews by now, most of which share a common theme: the IONIQ 5 N is the most fun you can have in an electric car, period. 601 horsepower (nearly double that of the AWD IONIQ 5) and a vast suite of performance features to tinker with makes this a memorable track car. In fact, it’s so track-oriented that it may feel a bit out of place on public roads!
From the classic Chevrolet Corvette to the innovative Hyundai IONIQ 5 N, there are plenty of options under $100,000 that offer both performance and excellent value. Whether you’re into the nostalgic feel of the Nissan Z or the luxury of the BMW M3, there’s something for everyone.
Ready to buy your performance car without the dealership hassle? Let CarEdge Concierge help you navigate the car buying process. Our experts can find the best vehicle for your needs, negotiate the best price, and handle all the details. Save time and money with CarEdge Concierge, the #1 car buying service in America.
If you’re looking for a vehicle that offers fuel efficiency without the charging hassles of an EV, a hybrid might be your best match. This month, automakers are offering lease specials across a range of models, from the redesigned Prius to hybrid SUVs like the Corolla Cross. Let’s dive into the top hybrid lease deals available for November 2024.
Ready to find the perfect hybrid without dealership hassles? Let CarEdge help you navigate the leasing process. Our experts can find the best vehicle for your needs, negotiate the best price or lease terms, and handle all the details. Save time and money with CarEdge Concierge, the #1 car buying service in America.
If you’re in the market for a family SUV, March is a great time to shop deals on three-row SUVs. This month, automakers are offering APRs as low as zero percent and lease specials for under $300/month. Whether you’re looking for the best financing deals, lease options, or simply a great family car, we’ve got you covered. Let’s dive into the top 3-row SUV deals available in March 2025.
Financing Offer: The 2024 Kia EV9 qualifies for 0% APR for 72 months, or up to $10,000 customer cash. It’s not clear if these two offers can be combined. See details at Kia.com
Lease Offer: Lease the 2025 EV9 Wind All-Wheel Drive for $419/month for 24 months with $4,999 due
Lease Offer: Lease the Traverse LT from $369/month for 36 months with $4,829 due for eligible lessees.
Financing Offer: Chevrolet has not posted any advertised APR offers for the Traverse, but is advertising $750 in customer cash. See details at Chevrolet.com
In March, there are some fantastic deals on 3-row SUVs. From zero percent financing to attractive lease specials, these offers provide an opportunity to save thousands of dollars.
👉 Ready to find your perfect 3-row SUV? Let CarEdge help you navigate the car buying process. Your CarEdge Concierge can find the best vehicle for your needs, negotiate the best price, and handle all the details. Home delivery is available! Save time and money with CarEdge Concierge, the #1 car buying service in America.
Where are used car prices headed? How far have used car prices already fallen this year? Which cars have seen the greatest depreciation? We’re answering these questions and more with the latest used car market update for summer 2024. Want to see local price data and buying advice? Check out CarEdge Insights, now featuring Invoice Prices!
Used Car Market Trends in 2024
As of July 2024, there are 2.21 million used cars for sale in America, a number that has remained steady in recent months. Despite this stable inventory, used cars are sitting on dealership lots for longer. The days to turn, which indicates how long a car stays on the lot before being sold, has risen from 43 days in March to 53 days in July.
The average listing price for a used car is now $25,251, which is down 1.5% since early June and down 7% year-over-year. If we go back to 2022, at the peak of used car prices, we see a 12% decline. Here’s a surprising fact: retail used car prices are now on par with summer 2021 levels. Over the same three years, the cumulative rate of inflation has been 16%. Car prices are defying the inflationary trend seen in other parts of the U.S. economy. So, how much further will used car prices fall in 2024?
CarEdge Co-Founder and industry veteran Ray Shefska shared his thoughts on where used car prices are headed for the remainder of 2024. “The trend should continue downward, with some caveats. There will be a reduction in lease returns the second half of the year and all of next year, due to the market slowdown three years ago during the pandemic. I expect that the downward trend in used car prices will be about half of what we have seen through the first 6 months of the year. The younger 2 to 3 year-old cars with lower mileage will once again command premium pricing.”
Which Used Car Prices Are Falling Fastest?
We’ve compiled the used cars that are seeing the greatest depreciation in 2024, leading to more affordable prices for buyers today.
Vans
Minivan prices have fallen 7% since April, exceeded only by full-size vans, which have fallen 14% in the same period. Following the decline, here are the average selling prices for some of the most popular used vans today:
Negotiability Score: Average, 47 days of market supply
EVs
According to iSeeCars, the average price of a used EV dropped by 29.5% from $40,783 in June 2023 to $28,767 in June 2024. Here are the latest prices for three of the most popular used EVs in America:
Negotiability Score: Below average, 26 days of market supply
Luxury Crossovers
Another used car segment that has seen falling prices in 2024 is the luxury crossovers. Prices for these popular models have fallen by more than 40% in three years.
Negotiability Score: Above average, 66 days of market supply
Used Car Price Trends in 2024
The used car market is inching closer to normal following four years of disruption. Prices are falling, inventory levels are high, and cars are staying on lots longer. However, the market is complex, with each used car segment showing different trends. Minivans and full-size vans are seeing the steepest price declines, while used EVs and luxury crossovers also offer some serious opportunities for savings. As lease returns decrease, younger, low-mileage cars will likely become more valuable, slowing the overall price decline later in 2024.
👉 Tired of car shopping hassles? Let us handle it for you with our CarEdge Concierge service. Our experts will find the perfect vehicle, negotiate the best price, and take care of all the details, saving you time and money. Learn more about CarEdge Concierge, the #1 car buying service in America.
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