May car sales were a mixed bag, so to get a good deal on a new car in June you’ll have to tailor your shopping to the market. Take Ford, for example. Sales for the company overall fell 0.1 percent compared to May 2010, but sales of the Ford Focus were up 31.7 percent. At the same time, sales of the Ford F-150 were down 15 percent. Jeep sales rose 55 percent compared to May 2010, while Toyota sales fell 33 percent. Also, industry-wide incentive spending on small cars was down in May, while incentive spending on trucks and SUVs was up.
For consumers, the takeaway is clear. Deals on small, fuel-efficient cars are few and far between. Deals on large trucks and SUVs, however, are plentiful. If you’re shopping for a new car and fuel economy is important to you, you won’t be able to find as many discounts and incentives as you would if you were shopping for a large truck or SUV.
Two factors are at play here. High gas prices have driven up demand for small cars, so automakers don’t have to offer the same incentives to get consumers into showrooms. At the same time, car makers are still recovering from the earthquake and tsunami in Japan, crimping supplies. While the supply issues aren’t as bad as some analysts had predicted, when you combine them with high gas prices, you end up with a scenario that means consumers pay more for small cars.
Then again, if you need a large truck or SUV, now may be the time to get a good bargain. On average, car companies spent $244 more on discounts on trucks in May than they did in April, according to Edmunds.com. You can currently get up to $2,500 cash back on a Ford F-150 regular cab, while you can only get $500 cash back on a Ford Fiesta.
While we strive to keep this list of the best car deals up-to-date, they can change without warning. In many cases, the deals available to you depend on where you live. The best way to find out if you can take advantage of these deals is to contact a dealer near you. You can use the form next to the car you’re interested in below to contact local dealers for more information on the best new car deals. If these deals don't work for you, we’ve got the best deals for Toyota, Nissan, Ford, Honda, Chevy, Lexus, Infiniti, Jeep and Chrysler. We also have this month’s best lease deals and best deals on used cars. There’s a great deal out there for you, and we’ve done the research to help you find it.
The best deals we found for June 2011 are below:
- MSRP: $30,215 - $42,295
- Invoice: $28,711 - $39,774
- MPG: 16 City / 23 Hwy
2011 Jeep Grand Cherokee
Purchase Deal
Deal: 1.9% APR for up to 60 months in most regions
Jeep sales rose 55 percent in May, driven in large part by the all-new Grand Cherokee. Boasting an upscale interior but still carrying the Jeep brand’s renowned off-road abilities, the 2011 Grand Cherokee is a certified hit. In June, you can get one with 1.9 percent financing in most regions.
Expires: 07/05/11
- MSRP: $23,720 - $37,390
- Invoice: $22,771 - $35,895
- MPG: 19 City / 26 Hwy
2011 Volkswagen Tiguan
Purchase Deal
Deal: 0% APR for up to 60 months
As consumers flock toward more models with better fuel economy, small SUVs are becoming more popular. So far, 21.4 percent more small SUVs have been sold in 2011 compared to this time in 2010. That means that car companies don’t have to offer a lot of incentives on their small SUVs and crossovers, but in June VW is offering zero-percent financing for up to 60 months on a new Tiguan. That beats the 1.9 percent financing Honda is offering on the CR-V, and the Tiguan is more fun to drive.
Expires: 07/05/11
- MSRP: $19,395 - $25,495
- Invoice: $18,593 - $23,847
- MPG: 24 City / 35 Hwy
2011 Hyundai Sonata
Purchase Deal
Deal: 1.9% APR for up to 36 months
Hyundai is one of the few car companies that’s managed to grow during the recession, and that growth continues based on the strength of its almost totally revamped model line. In May, the Hyundai Sonata was the seventh best-selling car in the U.S., beating out models like the Honda Civic and Toyota Camry. In June, Hyundai is offering the Sonata with 1.9 percent financing for up to 36 months.
Expires: 07/05/11
- MSRP: $15,800 - $23,810
- Invoice: $14,801 - $22,294
- MPG: 25 (Est) City / 33 (Est) Hwy
2011 Mazda3
Purchase Deal
Deal: 0% APR for up to 60 months
While most Japanese car companies have cut incentives on their small cars, Mazda hasn’t. Right now, you can get zero-percent financing on the fun-to-drive Mazda3 sedan for up to 60 months. The same deal applies to the smaller Mazda2 as well. The Mazda2 is similar to the Ford Fiesta, which is only available with 1.9 percent financing in June, making the Mazda2 a better deal.
Expires: 06/30/11
- MSRP: $49,045 - $59,045
- Invoice: $44,631 - $53,731
- MPG: 16 City / 26 Hwy
2011 Chevrolet Corvette
Purchase Deal
Deal: 1.9% APR for up to 60 months
Car companies don’t usually have to put incentives on their halo cars, but this month, Chevrolet is offering 1.9% financing on the Corvette Coupe. Though the deal doesn’t apply to high-end models like the Z06, Grand Sport or ZR1, the base Corvette offers plenty of summer fun. Don’t pass it by because it’s a coupe, either. With its targa top, the Corvette coupe gives you nearly the same open-air experience as the convertible.
Expires: 07/05/11
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