Unsold Crossover Inventory Surges: What This Means for Car Buyers

The automotive landscape is in a constant state of flux, driven by factors like changing consumer preferences, regulatory demands, and global economic conditions. Recently, there has been a notable surge in the inventory of unsold crossover SUVs. These vehicles, bridging the gap between traditional cars and larger SUVs, have seen a change in demand. But what does this mean for those on the hunt for a great deal? This time-sensitive trend may offer you a unique opportunity to get behind the wheel of a brand-new crossover at a significant discount. Start a search today to learn how you can score a great deal on a brand new crossover SUV.

Inventory Surplus: A Window of Opportunity

The 2023 crossover inventory surplus is a multifaceted issue that has captured the attention of industry analysts and car buyers alike. Dealerships across the country are finding their lots filled with unsold crossover vehicles, leading to a scramble to make room for newer models.¹ This inventory buildup is not just a random occurrence but rather a result of a combination of factors:

• Economic shifts: Fluctuations in the economy can lead to changes in consumer spending habits.
• Global disruptions: Unpredictable macro conditions can disrupt both supply chains and consumer behavior, leading to imbalances in inventory.
• Overproduction: Sometimes, manufacturers may overestimate demand and produce more vehicles than the market requires.
• Technological advances: As newer models with advanced features are introduced, older models might be left unsold, contributing to the surplus.
• Changes in consumer preferences: Trends in automotive preferences can shift quickly, leading to surpluses of specific types of vehicles. While crossovers have been popular, a sudden shift towards electric vehicles or other categories can lead to excess inventory.

For car buyers, this situation presents a golden opportunity. Dealerships are more motivated than ever to move these vehicles, leading to unprecedented discounts, favorable financing terms, and unbeatable lease deals.² It creates a buyer’s market where negotiations can lead to substantial savings, particularly in the realm of crossover SUVs.

Crossover SUVs For Around $200/Month

You can lease a brand new crossover SUV for less than $200 a month if you know where to look. From the Buick Encore GX to the Hyundai Kona, the deals are out there. Explore the options below, and explore the many options available near you before it’s too late.

2023 Buick Encore GX: Affordable Luxury

The 2023 Buick Encore has become more accessible than ever. With a plush interior, modern design, and fuel-efficient engine, the Encore offers a luxurious feel at an affordable price point. The surplus in crossover inventory has allowed lease deals to plummet, with offers starting at $199 a month on a 24–month term with $3,989 due at signing.³ Buick’s new Encore model delivers comfort and performance, making it an option worth considering for those looking to capitalize on the current market trends.

2023 Hyundai Venue: Compact but Mighty

The 2023 Hyundai Venue is an attractive option for those looking for a compact crossover that doesn’t break the bank. Known for its high fuel efficiency and sleek design, the Venue is now available for lease at $199 per month for 36 months with $3,499 due at signing.⁴ With ample cargo space and Hyundai’s well-regarded warranty, the Venue offers value that’s hard to beat. Its affordability, coupled with quality, makes it a vehicle worth exploring.

2023 Chevrolet Equinox: Balanced and Versatile

The Chevrolet Equinox has always been popular among families for its spaciousness and safety features. Now, with the unsold inventory, the 2023 model can be leased for less than $269 per month.⁵ With its balanced ride, fuel-efficient engine options, and top-of-the-line technology, the Equinox is poised to be a fantastic deal for those looking to take advantage of the current market situation.

2023 Hyundai Kona

With its sporty look and performance to match, the 2023 Hyundai Kona is another excellent option in the affordable crossover category. Now available for lease at under $202 per month, the Kona delivers a blend of performance, comfort, and technology that rivals more expensive models.⁶ Hyundai’s strong warranty and the Kona’s distinctive styling make it a strong contender for those in search of a budget-friendly crossover SUV.

Find The Right Fit Today!

The surge in unsold crossover inventory is a trend that may not last forever, but for now, it offers remarkable opportunities for car buyers and those looking to lease. With the highlighted crossovers available for around $200/month, you have the chance to drive a brand-new, feature-rich vehicle without overstretching your budget.

Explore your options with local dealerships, compare offers online, and test drive a few affordable options until you find one that suits your needs and style. It’s time to take advantage of this unique moment in the automotive market. Fortunately, the best deals might are never more than a few clicks away.