2007's Biggest "Bargains"

2007s biggest bargains

With the help of our pals over at Edmunds.com, BusinessWeek has compiled a list of the 20 most heavily discounted 2007 vehicles still on the lots. They based the list on Edmund's average transaction price vs. sticker price. As you can imagine, the list is tilted heavily towards pickup trucks and SUVs; only two passenger cars are included. Imported vehicles are conspicuous by their absence (all the import-branded vehicles are rebadged versions of American-built vehicles). Oh, and someone forget to mention that depreciation is the single largest cost vehicle ownership. A two-year-old Mitsubishi Raider? You must be joking mate. [The percentage represents the discount, while the number in parentheses shows the supply on hand as of the first of October. The inventory numbers may include some 2008 models while the discounts only apply to '07s.]

Mitsubishi Raider – 29% (19 day supply)

Jeep Commander – 29% (84 day supply)

Dodge Ram 1500 – 28% (92 day supply)

Chevy Silverado Classic 1500 – 27% (102 day supply*)

GMC Sierra Classic 1500 – 26% (103 day supply*)

Isuzu Ascender – 26% (196 day supply)

Jeep Grand Cherokee – 25% (70 day supply)

Lincoln Town Car – 25% (78 day supply)

Dodge Durango – 25% (74 day supply)

Dodge Dakota – 24% (76 day supply)

Chrysler Aspen – 24% (32 day supply)

Mercury Grand Marquis – 23% (67 day supply)

Chevy Silverado Classic 2500HD – 22% (102 day supply*)

Chrysler Pacifica – 22% (63 day supply)

Saab 9-7x – 22% (113 day supply)

Dodge Grand Caravan – 22% (50 day supply)

Buick Rendezvous – 22% (12 day supply)

Isuzu i-Series – 22% (172 day supply)

GMC Sierra Classic 1500HD – 21% (103 day supply*)

Chevy Trailblazer – 21% (50 day supply)

(*The inventory for Silverado and Sierra are for all versions, not just the Classics. GM doesn't break the inventory numbers down by version or weight class.)

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  • Terry Parkhurst Terry Parkhurst on Nov 05, 2007

    Gee, this is really what the kids call "a no brainer" isn't it? Notice that the entire list is composed of gas-hog suckin' mothers. It makes one think maybe H.L. Mencken was wrong when he said that "no one ever lost money underestimating the intelligence of the American public" - at least in regards to cars. (Given that he didn't live beyond 1956, and distrusted all new technology, even the Bard of Baltimore might have missed one.) As President Bush once again sounds as if he is ready to send American bombers on a mission to start - or is it to stop? - World War III, the fickle American public knows that the fix is in on gasoline prices. Given that, they may not be ready to embrace the Smart car (written about elsewhere this week at TTAC) but they sure as hell don't give a rat's ass about the Jeep Commander and its ilk now do they? They may embrace the new Chevrolet Malibu, from what one hears tell, but only if it allows them to weather gas at $4.00 a gallon. If Chrysler goes broke, maybe someone there will understand that when they were thinking about taking the Patriot hybrid racecar to LeMans in 1995, as a development mule, they misjudged the future. Suddenly, it seems as if it's 1979 again. Remember what happened to all the big gas suckin' mothers back then? It won't because of CAFE standards going up, or even the playing field being leveled between trucks, SUVs and cars, in that regard. Oddly enough, the gas hogs may go away thanks to President Bush. Maybe that's what he meant in January 2002, when he touted a hydrogen economy.

  • Joseph Joseph on Nov 05, 2007

    In 2005 I bought a 1991 Honda CRX Si for $1,630. It had well over 100K miles and I drove it like crazy. I had to fix a few minor things on the car (Alternator, Distributor, Radiator, Tires, Battery) and drove it for about two years. It was a ton of fun, but I got married and a 2 seater just wasn't going to cut it anymore. So I bought a 90's Toyota with 60K miles and sold the CRX for $2,700. That's what I call resale, I love Japanese imports!

  • Ronnie Schreiber From where is all that electricity needed to power an EV transportation system going to come? Ironically, the only EV evangelist that I know of who even mentions the fragile nature of our electrical grid is Elon Musk. None of the politicians pushing EVs go anywhere near it, well, unless they are advocating for unreliable renewables like wind and solar.
  • FreedMike I just don’t see the market here - I think about 1.2% of Jeep drivers are going to be sold on the fuel cost savings here. And the fuel cost savings are pretty minimal, per the EPA: https://www.fueleconomy.gov/feg/PowerSearch.do?action=noform&path=1&year1=2022&year2=2022&make=Jeep&baseModel=Wrangler&srchtyp=ymm&pageno=1&rowLimit=50Annual fuel costs for this vehicle are $2200 and $2750 for the equivalent base turbo-four model. I don’t get it.
  • FreedMike How about the “Aztek” package? Wait, this car already has that…Said it before and I’ll say it again: they need to restyle the hind end on this car, stat.
  • Johnster "Vale" is the [s]cheap[/s] lower-priced performance version with black trim and stiff suspension."Mist" is the "DeLuxe" version with a bit more chrome and trim. (Sort of like the "Decor Package" option.)"Magentic" is the full-on Brougham treatment (in its current state) with more chrome trim than the "Mist" and all sorts of gimmicky electronic features inside. (Sadly, it will not include simulated landau irons or a vinyl covered roof, even as an option.)"Aurora" is the Oldsmobile of Cadillacs (sort of like the old Cadillac Calais). No, that's not right. It's the top-of-the-line model, sort of a "Grand Touring" version, with not as much chrome as the "Magentic" but all of the gimmicky electronic features and a stiffer suspension.
  • Drew8MR Why can't CARB leave hobbyists alone? Maybe lay off the low hanging fruit and go after the gross polluters. Bring back the rolling exemption.