SUVs: Price Range by Market Segment and Size

January 27, 2012

One of the most important factors in determining which SUV you will purchase is the SUV's price. The price of any SUV can fluctuate dramatically depending upon several factors, including size, accessories and dealership or government rebates and incentives. The single biggest factor it determining the price of an SUV is the size and class of the vehicle. Generally, SUVs are split into classifications according to their size as follows: compact, mid-size, full-size and luxury vehicles. The following guidelines serve as a general outline of the price range of SUVs according to their market segment and size.

Compact SUVs

Compact SUVs are the smallest types of SUVs available on the market. They are generally also the cheapest. Most compact SUVs are fuel-efficient, and some of them are 2-wheel drive only, whereas most larger SUVs offer full 4x4 capability. Compact SUVs also have the least potential for accessory add-on, meaning that the optional features and other additional items that you can select for your compact SUV will not increase the price of the car as much as for other vehicles.

Standard-outfit compact SUVs, like the Honda CR-V, generally are priced in the mid-$20,000 range. They may range up to $30,000 for new vehicles with additional accessories.

Mid-Size SUVs

Mid-size SUVs are the next largest type of SUV. They are generally a few thousand dollars more expensive than compact SUVs, and most often have 4x4 capabilities and additional add-ons available for inclusion. Most mid-size SUVs are priced between $25,000 and $35,000, depending upon the exact set of accessories and options that you include in your new vehicle.

Full-Size SUVs

The most common type of SUV in the United States is the full-size SUV. This vehicle is capable of driving off-road and is generally the vehicle that people envision when they mention SUVs. These SUVs have a wide range of prices according to the fact that the selection of full-size SUVs is larger than for any other type of SUV.

Full-size SUVs have a wide range of options that may be included from the dealership, including sun and moon roof, global positioning systems, power windows and doors, air conditioning, DVD player and video screen, and enhanced sound systems. Depending upon how many of these options you add (if any), the price of your full-size SUV may vary considerably. Generally, full-size SUVs without any additional options cost around $30,000, while fully-loaded full-size SUVs may be up to $40,000.

Luxury SUVs

Luxury SUVs feature top-of-the-line amenities and technology. Most of the accessories listed above come standard in these types of vehicles, and the option to add high-performance systems like integrated chassis control mechanisms exists as well. Because luxury SUVs are at the top of the SUV class, these are the most expensive types of SUVs. They may range anywhere from $35,000 up to $60,000 or more.

For more information about the best deals on SUVs in your area, be sure to familiarize yourself with dealership incentives and other offers.

Related Questions and Answers

How Does the Compact SUV Compare to the Mid-Size and Full Size SUV in Speed?

The way the compact SUV does compare to the mid-size and full-sized SUV is that you won't find much difference anymore. The reason is technology. For example, Chevrolet has the Trailblazer and the crossover Traverse, both of which come standard with sixes, and yet can stand up to their larger stable mate, the Tahoe. The Tahoe has a base 5.4-liter engine which is actually an 8/4 engine. This means that on the highway, four of its pistons cut out, so you are driving with a four instead of an eight. This is all thanks to the technology and materials revolution that has gone on over the last few years.

What is the Top Rated Compact SUV for Towing Capacity?

The top rated compact SUV, as far as towing is concerned, is the Ford Explorer/Mercury Mountaineer at 7,300 pounds, followed closely by the Toyota 4Runner at 7,300. Then the Jeep Commander at 7,200 and Grand Cherokee at 6,500. The honors for the next set of vehicles starts with the GMC Envoy/Chevy Trailblazer EXT at 6,400, and the eight-passenger Isuzu Ascender at 6,400. Then there's Nissan's Pathfinder at 6,000, followed by the Mitsubishi Montero at 5,000, Nissan Xterra at 5,000, Toyota FJ Cruiser at 5,000, and the Honda Pilot at 4,500. Compact SUVs with lower towing capacities were not considered.

What Midsize SUV Models Get Good Ratings for Space and Comfort?

Midsize SUV ratings that are good for space and comfort include a wide range of domestic and imported models. The vehicles include, in no particular order of importance, the Ford Explorer/Mercury Mountaineer, Ford Edge/Mercury MKX, Chevrolet Blazer/ GMC Envoy, Toyota Highlander, Mitsubishi Outlander, and Hyundai Sonata. In other words, the mid-sized SUV market, which has also experienced one of the largest mileage jumps in the last few years thanks to new engine technologies, is also a good deal for a family that needs this type of vehicle. Some of the engine technology comes from GM in its revolutionary 8/4 engine that shuts down four cylinders on highway cruising so your vehicle is a comfortable four.

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