The semiconductor shortage has hit the auto market hard. Really hard. New EVs and gas-powered cars alike have taken massive production cuts. Evidently, the resulting issues have skyrocketed the used car market. As a result, dealerships across the country are attempting to move inventory by discounting electric cars.
Mustang Mach E EV discounts
The Mustang Mach E is in high demand right now. Nearly every dealership I called told me there were none on the lot. Currently, the Mach E is outproducing the Mustang. If that isn’t an indication of the crossover’s popularity, I’m not sure what is. Thankfully, there are still some on lots scattered throughout the country.
As of now, inventory for the Mach E EV is mostly concentrated on the east coast right now, especially the northeast. Because of the car’s popularity, you will absolutely have to do some hunting around yourself. Both dealerships I found refused to be named in this article for fear of spiking demand. That said, the discounts ranged from $500-$3,000; quite the spread. Coupled with these discounts, there are some savings to be had on the Mach E’s MSRP of $44,995.
Hyundai Ioniq EV discounts
The Hyundai Ioniq sedan is a solid pick, and there’s discounts aplenty here. Starting prices range from $34,000 to just over $39,000. Admittedly, inventory is far more plentiful than the Mach E. Inventory is mostly scattered across the east coast, just like the Ford EV.
Here, the discount spread is far wider. The dealership I was able to speak to about availability gave me numbers as low as $1,000 and as high as almost $12,000. Once again, there’s some rooting around that will need to be done to find a good deal. Moreover, dealerships are cagey about giving pricing information over the phone. But, the discounts are there if you are persistent and call enough Hyundai dealerships. In light of these discounts, you’ll be able to knock a good chunk of the Ioniq’s MSRP of $33,245.
Chevy Bolt discounts
This isn’t the first time we’ve seen big discounts on the Chevy Bolt EV. Apparently, it’s not the last either. Finding a discounted Bolt was by far the most successful search conducted. Availability is much higher here, thankfully. Additionally, this was the highest concentration of 5-figure discounts I was able to find. While some of the discounts were misleading employee-only ones, the rest were all huge.
At this time, two dealerships on the west coast reported they would knock a whopping $12,000 to $13,000 of the Bolt’s $36,500 MSRP. That potentially brings the cost of a brand new 2021 Bolt down to a ridiculous $23,500 if you’re able to find a dealership offering one of these discounts. Unfortunately, every dealership I spoke to did not want to be named. In conclusion, there are bid deals to be had, but only if you’re willing to do the legwork.