SANTA MONICA, CA — August 30, 2016 — Car shoppers looking for the best possible deal on a new car this Labor Day weekend should target outgoing 2016 models that are scheduled to be phased out or redesigned for 2017, says Edmunds.com the leading car information and shopping network. These new car "leftovers," says Edmunds, will be available at significant discounts through the end of the year because dealers are urgently looking to clear their inventories to make room for the all-new 2017 models. As a result buyers can save thousands of dollars on these vehicles.
Edmunds identifies nine specific vehicles as its "Best New-Car Leftovers for 2016" and here are five that stand out:
- 2016 Mercedes-Benz E-Class Sedan (Redesign)
Even luxury car shoppers can appreciate a bargain and the 2016 Mercedes-Benz E-Class delivers both on the car and the price. The E-Class sedan, set to be redesigned for the 2017 model year, has long been one of the go-to picks for midsize luxury sedans. The "A" rating Edmunds editors gave it in 2015 further solidified its reputation. (The coupe and wagon will remain unchanged for now.) Edmunds spotted a number of Edmunds Price Promise® deals of $7,000- $10,000 off MSRP for the sedan. While E-Class sedan shoppers are more likely to lease than buy, a lower selling price usually translates to a better lease deal.
- 2016 Hyundai Genesis Sedan (Rebranded as Genesis G80)
If you want a midsize luxury sedan with many of the same features of the E-Class but with a lower price tag, give the Genesis sedan a look ? especially now. The price gap becomes even more pronounced with the savings on the 2016 Hyundai Genesis. Edmunds spotted Price Promise offers of $3,000-$5,500 off MSRP. An added bonus is that there won't be much difference in the 2017 version: Hyundai is creating its own luxury brand, "Genesis Motors," and this model will carry over largely unchanged but with a new name: Genesis G80.
- 2016 Buick LaCrosse (Redesign)
The all-new 2017 Buick LaCrosse will be hitting dealer lots soon, but there are still plenty of 2016 models on hand. The LaCrosse is a comfortable, entry-level full-size sedan with a hybrid model and all-wheel drive as options. Edmunds currently shows Price Promise offers with as much as $6,200 off MSRP.
- 2016 Cadillac SRX (Replaced by XT5)
The Cadillac SRX isn't exactly going away. Instead, Cadillac is giving its luxury SUV a makeover and a new name: Cadillac XT5. There are still a fair number of SRX models left in the wild and there are a few Price Promise offers of $8,000 off MSRP, once the incentives are factored in. Some of its more notable features are a classy interior and a comfortable ride.
- 2016 Subaru Impreza Sedan (Redesign)
The Subaru Impreza sedan is scheduled for a 2017 redesign. In the meantime, Subaru will be encouraging its dealerships to clear out the remaining 2016 models of this spacious and reliable sedan with standard all-wheel drive. When it comes to potential savings, Edmunds notes that the Impreza has a small price window between its MSRP and its invoice price. Since there's not a ton of profit margin on this car to begin with, the savings won't look as impressive as some of the other cars on this list. Expect to see offers around $900-$1,100 off MSRP, but in some markets — such as San Francisco — savings can climb to as much as $2,300 off MSRP.
"Even though these vehicles are being redesigned or going away altogether, they still have the same great technology and performance that you'd find in most new cars, but at a much better value," says Edmunds.com Sr. Consumer Advice Editor Ron Montoya. "Bargain hunters are strongly encouraged to consider these vehicles, and the sooner they start shopping, the better. Since we're approaching end of the car-buying year, inventories of these cars will start to dwindle and colors and options may be limited."
Some of the discounted offers on 2016 vehicles are regional, so shoppers are urged to check Edmunds Price Promise® offers and incentive information to see what is available in their area. Edmunds further advises shoppers that when automakers redesign a car, the outgoing model may depreciate more quickly in the short term. But if a buyer expects to keep the car for a long time (i.e., more than five years), depreciation will have little — if any — effect.
An expanded list of Edmunds.com's 2016 model year selldown recommendations can be found at http://www.edmunds.com/car-buying/best-new-car-leftovers-for-2016.html.
About Edmunds.com, Inc.
Car shopping destination Edmunds.com serves millions of visitors each month. With Edmunds Price Promise®, shoppers can buy smarter with instant, upfront prices for cars and trucks currently for sale at 10,000 dealer franchises across the U.S. Shoppers can browse not only dealer inventory, but also vehicle reviews, shopping tips, photos, videos and feature stories on both Edmunds' wired site and on its acclaimed mobile apps. Regarded as one of the best places to work in Southern California, Edmunds.com was also named one of "The World's Top 10 Most Innovative Companies of 2015 in Automotive" by Fast Company. Edmunds welcomes all car-shopping questions on its free Live Help Line at 1-855-782-4711 and email@example.com, via text at ED411 and on Twitter and Facebook. The company is based in Santa Monica, Calif. and has a satellite office in downtown Detroit, Mich., but you can find Edmunds from anywhere on YouTube, Pinterest, LinkedIn, Instagram, Google+ and Flipboard.