In 2024, experts predict that new car prices will continue to fall, with manufacturer incentives averaging nearly $2,800. Kelley Blue Book reported a 5.4% decrease in prices from their peak in December 2022. Despite the potential for deals, it is advised to be cautious when considering certain SUVs and crossovers that may not offer the best value or longevity.
One SUV to potentially avoid is the Mustang Mach-E from Ford, which is an electric SUV that may not live up to the performance of a traditional Mustang sports car. The Tesla Model Y is considered a better option due to its longer track record and better technology. The Ford Escape, while affordable at under $30,000, is criticized for not measuring up to competitors like the Toyota RAV4 and Mazda CX-5 in terms of performance and cargo space.
The Acura RDX is noted to be a decent luxury compact SUV, but the BMW X3 is deemed superior in terms of performance, build quality, technology, safety, and connectivity. The Ford Edge, a mid-size SUV, receives lackluster reviews for being outdated with mediocre fuel efficiency. Alternatives like the Kia Telluride and Hyundai Palisade provide more value with their flexible third-row seating options.
The Jeep Grand Wagoneer, priced between $92,540 and $113,290, is considered one of the priciest SUVs on the list. For a similar price range, consumers may opt for the luxury and prestige of a Range Rover, which is also available as a plug-in hybrid. It is important for buyers to thoroughly research and test-drive various SUV options before making a significant investment to ensure they are getting a vehicle that meets their needs and budget.
Overall, it is crucial for consumers to be informed and cautious when considering purchasing a new SUV in 2024. While there are SUVs that offer good value and performance, there are also models that may not live up to expectations in terms of features, technology, and overall quality. By reading reviews, seeking recommendations, and test-driving multiple vehicles, buyers can make a more informed decision and find an SUV that aligns with their preferences and requirements.
