Best New Car Deals: May 2015

By

Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

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, Senior Pricing Analyst - May 8, 2015

Memorial Day is just around the corner and automakers are continuing many of last month’s stellar offers. Automakers are using some impressive deals to clear outgoing inventory. For example, FIAT is offering savings worth up to 27% off MSRP on the 500L. Prefer a bit of luxury but still want to save? BMW is using a $4,000 rebate to clear older 6-Series stock to make room for the 2016 model. You don’t have to go hunting for the best new car deals- we’ve listed them below.

We’ve uncovered this month’s best discounts in each vehicle segment. The "standard rebate" includes offers available to all buyers. The "maximum rebate" is what a buyer who qualifies for all possible incentives can receive.

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Best Crossover & SUV Deals This Month

If you’re looking for the best discount on a crossover, you may want to consider a Jeep. Discounts worth up to 22.4% off MSRP on the Patriot and Compass are larger than any other SUV. Prefer a sportier driving experience? The Mazda CX-9 gets a $4,000 rebate on all trim levels again this month.

Vehicle MSRP Standard Rebates Max Rebates Max % Off MSRP Expiration
2015 Jeep Patriot Sport $17,890 $2,000 $4,000 22.4% 6/1/15
2015 Jeep Compass Sport $19,990 $2,250 $4,250 21.3% 6/1/15
2014 Ford Edge SE $28,995 $2,500 $4,750 16.4% 6/1/15
2015 Dodge Journey SXT $26,190 $3,250 $4,250 16.2% 6/1/15
2015 Mazda CX-9 Sport $30,865 $4,000 $4,500 14.6% 6/30/15

Research all crossovers with the biggest rebates »
Research all SUVs with the biggest rebates »

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Best Sedan Deals This Month

Ford is offering the best sedan deals this month on the 2015 Taurus with up to 18.8% off MSRP. The 2015 Hyundai Sonata Hybrid follows closely with up to 18.6% off MSRP thanks to $5,000 in discounts before the redesigned 2016 version debuts later this year. Prefer a sleeker option? The Chrysler 200 has been selling well with up to $4,500 in rebates.

Vehicle MSRP Standard Rebates Max Rebates Max % Off MSRP Expiration
2015 Ford Taurus SE $27,880 $3,000 $5,250 18.8% 7/6/15
2015 Hyundai Sonata Hybrid Base $26,825 $4,000 $5,000 18.6% 6/1/15
2015 Chrysler 200 Limited $24,945 $3,000 $4,500 18.0% 6/1/15
2015 Chevrolet Malibu LS $23,290 $2,500 $4,000 17.2% 6/1//15
2015 Ford Fusion S $23,325 $2,000 $3,750 16.1% 6/1/15

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Best Hatchback Deals This Month

If you’re looking to save serious money on a hatchback, the 2014 FIAT 500L warrants consideration. It might not be as sexy as the new 500X but it features up to 27.4% off MSRP in discounts that you won’t see anywhere else. This is likely your last chance to find a 2014 model before they sell out. Prefer a sleeker car? The 2015 Hyundai Elantra GT features $2,500 in bonus cash, which can also be combined with low APR financing.

Vehicle MSRP Standard Rebates Max Rebates Max % Off MSRP Expiration
2014 FIAT 500L Pop $20,045 $4,500 $5,500 27.4% 6/1/15
2015 FIAT 500 Pop $17,825 $2,250 $3,250 18.2% 6/1/15
2015 Hyundai Elantra GT $19,625 $2,500 $2,500 12.7% 6/1/15
2015 FIAT 500L Pop $20,325 $1,500 $2,500 12.3% 6/1/15
2014 Ford Focus SE $19,785 $1,000 $2,250 11.4% 6/1/15

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Best Truck Deals This Month

The 2014 Ford F-150 once again leads our ranking with up to 14.1% in discounts this month. Based on our analysis, this is probably your last chance to get a great deal on the 2014 model before they sell out. Savings on alternatives like the GMC Sierra 1500 and RAM 1500 are good but not great with discounts worth up to 9.5% off MSRP in May.

Vehicle MSRP Standard Rebates Max Rebates Max % Off MSRP Expiration
2014 Ford F-150 XL 4x2 SuperCrew Cab $33,785 $1,250 $4,750 14.1% 7/6/15
2015 Ford F-250 XL 4x2 SD Crew Cab $36,600 $2,500 $4,000 10.9% 7/6/15
2015 Ford F-350 XL 4x2 SD Crew Cab $37,500 $2,500 $4,000 10.7% 7/6/15
2015 GMC Sierra 1500 Base 4x2 Crew Cab $36,885 $3,000 $3,500 9.5% 6/1/15
2015 RAM 1500 SLT 4x2 Regular Cab $37,365 $2,000 $3,500 9.4% 6/1/15

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Best Minivan Deals This Month

With up to 11.9% in available discounts off MSRP, the 2015 Dodge Grand Caravan once again tops our ranking as the best deal on a minivan. Prefer a greener option? The 2015 Prius v gets up to 44 mpg and has a $1,500 rebate in May. We also like this month’s deal on the redesigned 2015 Kia Sedona- this is the first time we’ve seen a standard rebate since the vehicle’s debut.

Vehicle MSRP Standard Rebates Max Rebates Max % Off MSRP Expiration
2015 Dodge Grand Caravan SE $25,240 $1,500 $3,000 11.9% 6/1/15
2015 Chrysler Town & Country LX $30,990 $1,500 $2,000 6.5% 6/1/15
2015 Ford Transit Connect XLT $25,705 $1,500 $1,500 5.8% 7/6/15
2015 Toyota Prius v Two $27,500 $1,500 $1,500 5.5% 6/1/15
2015 Kia Sedona L $26,995 $1,000 $1,000 3.7% 7/6/15

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Best Coupe Deals This Month

If you’re a Cadillac owner, this month’s $4,000 loyalty discount can potentially save you up to 12.8% off MSRP on the 2015 ATS Coupe. The 2015 Chevrolet Camaro continues to rank highly thanks to the renewal of last month’s $1,000 rebate. The sell-down of the 2015 BMW 6-Series continues with $4,000 in Build-Out Cash on all models before the arrival of the 2016 models.

Vehicle MSRP Standard Rebates Max Rebates Max % Off MSRP Expiration
2015 Cadillac ATS 2.0L Turbo $38,990 $1,000 $5,000 12.8% 6/30/15
2015 Chevrolet Camaro LS w/1LS $24,700 $1,000 $1,500 6.1% 6/1/15
2015 BMW 640i $77,050 $4,000 $4,000 5.2% 6/30/15
2015 Kia Forte Koup EX $19,415 $1,000 $1,000 5.2% 7/6/15
2015 Ford Mustang V6 $24,625 $500 $1,250 5.1% 7/6/15

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Best Convertible Deals This Month

If you’re looking for fun in the sun, you won’t find a better deal on a convertible than the 2015 FIAT 500c. This month, discounts worth up to $3,250 can save you up to 15.2% off MSRP. Looking for serious luxury? BMW is offering a $4,000 rebate on 2015 6-Series models to clear inventory before the 2016 models arrive.

Vehicle MSRP Standard Rebates Max Rebates Max % Off MSRP Expiration
2015 FIAT 500c Pop $21,325 $2,250 $3,250 15.2% 6/1/15
2015 BMW 640i $84,550 $4,000 $4,000 4.7% 6/30/15
2015 Chevrolet Camaro LT $32,200 $1,000 $1,500 4.7% 6/1/15
2015 BMW 650i $95,850 $4,000 $4,000 4.2% 6/30/15
2015 Ford Mustang V6 $30,125 $500 $1,250 4.1% 7/6/15

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Rebates listed here assume a Southern California location and exclude dealer incentives and both military and college programs. Promotions can change over the course of the month, so be sure to check with your dealer to confirm eligibility.

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, Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website