TrueCar finds sustained low gasoline prices generate savings on fuel-efficient vehicles
Month's best new vehicle savings led by gas friendly models
Apr 20, 2015, 09:00 ET
SANTA MONICA, Calif., April 20, 2015 /PRNewswire/ -- Hyundai Motor Corp.'s Sonata hybrid sedan, now selling at an average of 20 percent off the manufacturer's suggested retail price (MSRP), tops the list of best savings on new vehicles in April, according to TrueCar, Inc. (NASDAQ: TRUE), the negotiation-free car buying and selling mobile marketplace.
Given current sustained low gasoline prices, fuel-efficient vehicles are primed for large savings this month. A gallon of regular gasoline averaged $2.429 nationwide on April 17, according to AAA's Daily Fuel Gauge Report, down $1.23 from a year ago. Pump prices this summer are projected to hit a decade low, benefiting drivers planning vacations by car or road-trip. Low fuel prices are also working in favor of consumers looking to purchase fuel-friendly vehicles and who want notable savings off MSRP.
"In time for Earth Day on April 22, our detailed transaction data tells us it's a great time to buy a fuel-saving vehicle," said Eric Lyman, TrueCar's vice president of industry insights. "While cheaper gasoline helps make trucks and SUVs more appealing, it also creates an opportunity for consumers to purchase vehicles that will be kind to your pocketbook when gasoline prices rise."
The midsize 2015 Sonata Hybrid averages 38 miles per gallon of gasoline in combined city and highway driving. Toyota Motor Corp.'s subcompact Prius c hatchback, which averages 50 mpg, follows the gasoline-electric Hyundai model, currently selling at an average of 16 percent off of MSRP this month.
Published monthly, the "TrueSavings" report analyzes recent transaction prices and identifies opportunities for consumer savings. A snapshot of some of the best savings (compared to MSRP) on new vehicles in April 2015 includes:
| Year/Make/ Model/Trim |
Segment |
MSRP |
Market Average |
$ Savings / % Savings |
Est. Monthly Payment* |
City / Hwy / Comb MPG |
| 2015 Hyundai Sonata Hybrid |
Midsize Car |
$26,825 |
$21,552 |
$5,273/ 19.7% |
$310 |
36/40/38.1 |
| 2015 Toyota Prius c, One |
Small Car |
$20,365 |
$17,136 |
$3,229/ 15.9% |
$246 |
53/46/48.9 |
| 2015 Ford Fiesta Hatchback S |
Subcompact Car |
$15,680 |
$13,880 |
$1,800/ 11.5% |
$200 |
28/37/32.3 |
| 2015 Kia Optima Hybrid, LX |
Midsize Car |
$26,815 |
$23,769 |
$3,046/ 11.4% |
$342 |
36/40/38.1 |
| 2015 Jeep Patriot Sport 4x2 |
Small Utility |
$17,790 |
$15,760 |
$2,030/ 11.4% |
$227 |
23/30/26.4 |
| *Estimated monthly payments are based on a 3% APR for 60 months with 20% down on the current market average price, and excludes sales tax and other fees and charges that may vary by region or state. These examples are for informational purposes only, and are not offers to lend. See dealer/lender for details, including actual available offers. |
"Market Average" is based on the national average of recent vehicle transactions, including destination and delivery charges after incentives that are subject to change. This does not include tax, title, licensing, documentation or processing fees, other state and governmental charges and/or fees or any other charges or fees allowed by law.
Below is a snapshot of some of the best manufacturer lease and finance deals currently available in certain regions:
Lease:
2016 Acura ILX: $229/month for 39 months, $2,799 down, 10,000 miles/year, Exp: 5/11/15
2015 Lexus IS 250: $349/month for 36 months, $1,099 down, 10,000 miles/year, Exp: 5/4/15
2016 Mazda CX-5: $259/month for 36 months with $1,999 down, 36,000 miles, Exp: 4/30/15
2015 Ram 1500 Express Quad Cab 4x2: $219/month for 24 months, $2,999 down, 10,000 miles/year, Exp: 5/4/15
2015 Subaru Forester: $229/month for 36 months, $1,929 down, 12,000 miles/year, Exp: 4/30/15
Finance:
2015 Chevy Cruze: 0.0% financing for 60 months, Exp: 4/30/15
2015 Ford Escape: 0.0% financing for 60 months, Exp: 7/6/15
2015 Honda Civic: 0.9% financing for 48 months, Exp: 5/11/15
2015 Hyundai Sonata Hybrid: 0.00% financing for 72 months, Exp: 4/30/15
2015 Toyota Camry Hybrid: 0.0% financing for 48 months, Exp: 5/4/15
Customer Cash Offers:
2015 Chrysler Town & Country: up to $2,000 customer cash, Exp: 5/4/15, Atlantic region availability
2015 Fiat 500: up to $2,500 customer cash, Exp: 5/4/15, Pacific region availability
2015 Hyundai Sonata: up to $2,000 customer cash, Exp: 4/27/15 Northeast region availability
2015 Kia Optima: up to $1,500 customer cash, Exp: 5/4/15, Southwest region availability
2015 Toyota Prius: up to $2,000 customer cash, Exp: 5/4/15, Western region availability
The deal information summarized above is provided for illustrative purposes only, and is not an offer to lend. Results may vary depending on your individual circumstances, including credit approval by dealer/manufacturer. Deals are subject to change and are limited to inventory on hand. See your dealer/manufacturer for details, including actual offers available in your region.
For more information about TrueCar, please visit www.truecar.com, follow @TrueCar on Twitter or become a fan of TrueCar on Facebook and Google+.
About TrueCar
TrueCar, Inc. (NASDAQ: TRUE), the negotiation-free car buying and selling mobile marketplace, gives consumers transparent insight into what others paid and access to guaranteed savings off MSRP from TrueCar Certified Dealers. TrueCar's network of more than 10,000 trusted Certified Dealers is committed to providing upfront pricing information and a hassle-free buying experience. TrueCar powers car-buying programs for some of the largest U.S. membership and service organizations, including AARP, American Express, AAA and USAA. Not all program features are available in all states. TrueCar is headquartered in Santa Monica, California, with offices in San Francisco and Austin, Texas. For more information, go to www.truecar.com. Follow us on Facebook or Twitter.
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SOURCE TrueCar, Inc.