Subaru’s New Model Year-End Price And Why You Won’t Be Stung By Huge Markups
Did Subaru increase prices on 2022 Forester, Outback and Crosstrek models during the new vehicle shortage? Some automakers have raised new car prices more than others over the past year, but what can Subaru customers expect? at the end of the year?
Kelly Blue Book gives real data on how each car brand has increased their new vehicle prices over the past 12 months. KBB says: “With tight supply and continued demand, prices for new vehicles remain generally high. »Where can you find the best deals on a 2022 Subaru Forester, Outback or Crosstrek at the end of the year?
photo credit: Subaru Competition
How do Subaru’s prices compare to those of other automakers in the United States?
The report reveals that Subaru retailers have raised prices almost the least of all automakers. Subaru’s percentage change from October 2020 to October 2021 is 9.2%. The industry average is + 12.9%, and for some automakers like GM, prices are up 21.4%. Mitsubishi (+ 19.6%), Kia, Hyundai (+ 16.9%), Stallantis (+ 16.3%), Honda (+ 15.6%), Mazda (+ 15.3%) and Toyota (+ 14.7%) are among the highest.
“Whether desperate or impatient, consumers continue to pay hundreds of dollars above the suggested price for new vehicles,” said Kayla Reynolds, analyst for Beetle Automotive. “As the average transaction price hit a new high, the average incentive package fell to its lowest level in 20 years. To mark a new vehicle, buyers accept prices without haggling, with significant market adjustments in some cases. It’s absolutely a seller’s market right now. “
Are there any great deals on a 2022 Subaru Forester, Outback or Crosstrek?
Cars.com says, “While there are Subaru incentives for buying and leasing, the company’s lease offers and finance promotions are generally not the best, even under normal circumstances. For example, the Forester has no rebate whereas an SUV like the Jeep Grand Cherokee now offers 0% APR Financing for up to 72 months. “
Where to find the best deals on a Subaru?
Subaru Report contacted an AutoNation Subaru retailer near Denver, Colorado, and found that they cannot charge customers more than the MSRP or the sticker price. Our source told us they charge MSRP plus $ 599 for handling and dealer taxes on all models.
photo credit: Subaru Competition
Not all Subaru retailers give customers the best deal, and it’s best to cross-buy from different Subaru retailers in your area or even out of state. You may be able to get a better deal from the one with more inventory to move or a larger retailer in another state. Many will even ship the car to you for a small fee. It might be worth driving there and picking it up yourself.
Don’t be afraid to ask the seller for additional incentives. You won’t get them if you don’t ask. You may also be able to get additional accessories on a 2022 Subaru Forester, Outback or Crosstrek.
Does Subaru offer 0% financing?
Subaru is still offering 0% financing on the 2021 Legacy, 2021 Outback and 2021 Impreza until November 30, 2021.
Why does Subaru not offer 72 or 84 month financing?
In a recent interview, Subaru of America President and CEO Tom Doll explains why they don’t offer the same 72 months or even 84 months as other automakers. Doll says they’re looking after the customer now because they’ll see him in 4 or 5 years when they come back to trade in the all-wheel-drive vehicle.
Doll says that if they have longer deals like some automakers, going beyond 63 months, that’s not the best for the customer. “When they come back, we want to make sure they have equity in their business. We don’t want them to owe more than the value of the car, or their payments will be too high.”
What Should Customers Do Due to Low Stock?
A source close to Subaru told us that 99% of their allocation of new 2022 Forester, Outback and Crosstrek models are already pre-sold until February 2022. This is the case with many Subaru retailers in North America.
Cars.com says, “In some cases it may be a good idea to deposit a deposit with a dealership to secure a reservation on an incoming car. Doing your research and choosing a good dealership near you could be one way to get the best deal possible. . “
Overall, the prices of new Subaru vehicles have increased considerably less than most automakers. If you check with multiple retailers and look for the best bang for your buck, you may find your best deal on a 2022 Forester, Outback, or Crosstrek at the end of the year.
You might also like: See 2022 Subaru Forester prices here, 2022 Subaru Outback prices here, 2022 Subaru Crosstrek prices here.
Denis Flierl has invested over 30 years in the automotive industry in an advisory role to all major automotive brands. He is an accredited member of the Rocky Mountain Automotive Press. Check out the Subaru report where it covers all models of the Japanese automaker. More stories can be found on the Torque News Subaru page. Follow Denis on Facebook, Twitter, and Instagram.
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Photo credit: Subaru USA, unless otherwise noted