This New Car Is Being Sold at an $11,000 Discount

By Douglas A. McIntyre Published Jul 31, 3:00PM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

This New Car Is Being Sold at an $11,000 Discount — © leventince / Getty Images

Electric cars have been increasing in popularity in recent years. Tesla shipments last year reached 500,000, and the company expects that number to rise by 50% this year. The Ford Mustang Mach-E has a waiting list. Almost every major car manufacturer in the world expects a large portion of its fleets to be mostly or completely electric by 2030.

General Motors has plans as aggressive as any other car company to turn its models electric or replace them with new electric cars. However, for the time being, its primary horse in the race is the Chevy Bolt EV. The demand for the car has been brisk. Nevertheless, it is being offered at a discount of over $11,000, or 27% off the manufacturer’s suggested retail price.

The MSRP for the Bolt is $41,355. Analysts at automotive information company Edmunds have good things to say about the Bolt: “The Chevrolet Bolt is a solid electric vehicle, especially with its 259 miles of range. It solves many of the qualms that EV shoppers have traditionally held.”

Chevy Bolt EV sales rose last year, according to the Car Sales Base, to 20,754 from 16,418 in 2019. Sales for the final quarter of 2020 also rose to 6,701 from 3,307 in the same period in 2019 . Business Insider speculated that discount deals may be the primary reason for the sales increase. The Bolt is one of a number of new(?) vehicles available at steep discounts.

To determine the new cars sold at the biggest discount, 24/7 Wall St. reviewed Edmunds data about 2021 model year vehicles with the largest percentage difference between their average MSRP and average dealer price.

There are double digit percentage discounts to be had on SUVs, sedans, trucks, and hybrids, according to Edmunds. The majority of the discounted vehicles are SUVs, even though the segment is one of the most popular in the U.S. market. Customers prefer larger vehicles that offer more room and capabilities as well as improved gas mileage. These are the cars so hot they’re out of stock.

Click here to see the new car that is being sold at an $11,000 discount.

15. 2021 Kia K5
> Avg. discount: 7.3% (total: $2,112)
> Avg. MSRP: $28,810
> Avg. dealer price: $26,698

[in-text-ad]

14. 2021 Toyota Corolla
> Avg. discount: 9.2% (total: $2,125)
> Avg. MSRP: $23,181
> Avg. dealer price: $21,056

[recirclink id=847663]

13. 2021 Ram 1500
> Avg. discount: 10.0% (total: $5,621)
> Avg. MSRP: $56,121
> Avg. dealer price: $50,499

12. 2021 Volkswagen Atlas
> Avg. discount: 10.1% (total: $4,592)
> Avg. MSRP: $45,645
> Avg. dealer price: $41,054

[in-text-ad-2]

11. 2021 Kia Soul
> Avg. discount: 12.4% (total: $2,775)
> Avg. MSRP: $22,447
> Avg. dealer price: $19,673

10. 2021 Buick Encore GX
> Avg. discount: 12.7% (total: $3,722)
> Avg. MSRP: $29,202
> Avg. dealer price: $25,480

[in-text-ad]

9. 2021 Nissan Murano
> Avg. discount: 13.1% (total: $5,503)
> Avg. MSRP: $42,024
> Avg. dealer price: $36,521

[recirclink id=839853]

8. 2021 Kia Forte
> Avg. discount: 13.2% (total: $2,911)
> Avg. MSRP: $21,975
> Avg. dealer price: $19,064

7. 2021 Chrysler Pacifica
> Avg. discount: 13.5% (total: $6,233)
> Avg. MSRP: $46,093
> Avg. dealer price: $39,860

[in-text-ad-2]

6. 2021 Jeep Cherokee
> Avg. discount: 13.7% (total: $4,749)
> Avg. MSRP: $34,620
> Avg. dealer price: $29,871

5. 2021 Hyundai Tucson
> Avg. discount: 14.2% (total: $4,224)
> Avg. MSRP: $29,775
> Avg. dealer price: $25,551

[in-text-ad]

4. 2021 Hyundai Kona
> Avg. discount: 14.6% (total: $3,942)
> Avg. MSRP: $27,085
> Avg. dealer price: $23,142

[recirclink id=824291]

3. 2021 Chevrolet Equinox
> Avg. discount: 16.1% (total: $5,101)
> Avg. MSRP: $31,679
> Avg. dealer price: $26,578

2. 2021 GMC Terrain
> Avg. discount: 16.2% (total: $5,651)
> Avg. MSRP: $34,779
> Avg. dealer price: $29,128

[in-text-ad-2]

1. 2021 Chevrolet Bolt EV
> Avg. discount: 26.8% (total: $11,063)
> Avg. MSRP: $41,355
> Avg. dealer price: $30,292

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.