3 Cars Under $30,000 That Could Take the Auto Market by Storm
Image source: Pixabay.
Sometimes the best deals can be found in inexpensive packages -- at least according to our three auto contributors. Today we take a look at three vehicles priced below $30,000 that we believe have the potential to surprise consumers and analysts with better-than-expected sales in 2016.
SUV sales are booming all over the world -- in all size and price categories. Even tiny SUVs are posting bigsales numbers.
Honda'sHR-V, based on the subcompact Fit, has sold over 20,000 copies in the U.S. after just a few months on the market, whileGeneral Motors' similarly sized Chevy Trax and Buick Encore have together sold about 70,000 so far in the U.S. in 2015. All three models are alsoposting big sales numbers in other parts of the world.
Doesn't it seem likeFord -- which has the platform underpinning the fun-to-drive Fiesta to draw on, and which sells lots of one-size-up Escapes and two-size-up Explorers -- should have an entry in this niche too?
Ford's smallest SUV is called the EcoSport. It's not sold in the U.S. yet, but that could change in the next couple of years. Image source: Ford Motor Company.
Ford does have a subcompact SUV in its global product portfolio. It'scalled theEcoSport. It was originally developed for emerging markets -- it has been a hit in India -- but Ford recently started offering a plusher version in Europe as well.
America may be next. Sources in the industry suggest that it's likely to come to the U.S. within the next two years, likely with a different name. If Ford's U.S. product planners give the EcoSport the right kinds of tweaks -- and it's a safe bet that they will -- then the littlest Ford SUV should turn out to be another big seller for the Blue Oval.
Sean WilliamsLooking for a vehicle that could really surprise in the under-$30,000 category? Look no further than the second-generation Chevrolet Cruze, which will go on sale in spring of 2016 with a number of changes.
The Cruze, which is a General Motorsproduct, has been Chevy's best-selling car around the globe since being introduced in 2008, with roughly 3.5 million cumulative vehicles sold. It's also been one of the primary allures of the Chevy brand, and a way to appeal to cost-conscious consumers and millennials.
2016 Chevrolet Cruze. Image source: General Motors.
With that in mind, the new Chevy Cruze comes with a number of features bound to excite consumers (and especially millennials). The second-generation Cruze will be lighter than previous models (though GM has yet to disclose a specific curb weight) and it'll pack a 1.4-liter turbocharged engine with direct injection to give consumers power when they need it, but 40 mpg highway potential when they don't. The new six-speed Hydramatic automatic transmission will also come standard with start/stop technology to further enhance fuel-efficiency.
Interior cabin of 2016 Chevrolet Cruze. Image source: General Motors.
Inside the cabin, it's clear millennials were the focus. The interior is substantially more upscale than in previous models, with a seven-inch touchscreen display and an updated MyLink infotainment system that should allow for easier connectivity and compatibility with consumers' smart devices.
Although GM has been pretty tight-lipped to this point about what price range to expect, Kelley Blue Book points to an MSRP range of $17,000-$26,485 for current models. Thus, consumers can likely expect a bump higher in MSRP considering the in-cabin upgrades, but should still expect prices to tip the scales at well under $30,000.
Following five straight years of sales growth in the U.S., a slowdown in Cruze sales in 2015 was expected in anticipation of the redesign. However, I believe thatonce it's launched, the all-new Cruze has the potential to make a run at 300,000 units within the U.S. by 2017. And that's great news for GM, as the company has suggested that the sale of each Cruze could add an extra $1,500 in profit to its pockets compared to the older model.
By no means will this be a cakewalk for the Cruze, with tough competition on the horizon in the form of the all-new Honda Civic, but I'd suggest GM has a highly competitive vehicle on its handsthat could turn out to be an even bigger winner.
Daniel MillerMuscle cars tore up American roads and won the hearts of car enthusiasts across the nation for decades. That trend hit a speed bump in the 2000s and essentiallybecame an afterthought when the auto industry's sales tanked during the recession.
However, if you haven't noticed already, there's been a resurgence in muscle car enthusiasmover the last few years when engineers workedto combine high performancewithmuch improved fuel economy. This year, sales of the Ford Mustang are up a whopping 51% through July, compared to last year, on the back of its new design and EcoBoost engine offering that hadn't previously been available. Next year, you can expect sales ofGeneral Motors'2016 Chevrolet Camaro to blow away the market in similar fashion.
There are a couple reasons why I believe 2016 Camaro will do well -- and hey, I'm a Mustang owner, so no bias here.
2016 Chevrolet Camaro SS. Image source: General Motors.
The new 2016 Camaro will be really fresh, despite a less radical exterior redesign; the vehicle will only have two parts carry over from the previous generation. But the Camaro is following the Mustang's lead by making the ride two inches shorter and about an inch lower and narrower than its predecessor.
Also, the Camaro is offering a new turbocharged 2.0-liter four-cylinder rated for 275 hp/295 lb-ft of torque, which will attract car buyers who are interested in the look and feelof the Camaro, but would prefer betterfuel economy rather thanV8 horsepower.
The sixth-generationCamaro is making a more unique move as well: It will actually use GM's Alpha architecture, which isout of the Cadillac CTS and ATSplaybook;the latter two luxury cars havebeen praised for athletic handling and superior ride comfort. The 2016 Camaro will also be at least 200 pounds lighter than the fifth-generation Camarowith an increased use of aluminum in structural areas, which will only improve the car's handling and responsiveness.
The Camaro should be at dealerships this fall, with the four-cylinder starting around $25,000. Expect the 2016 Camaro to follow the ways of the 2015 Mustang with favorablecritical acclaim and surgingsales next year -- but what else would we expect from such a historic muscle car rivalry?
The article 3 Cars Under $30,000 That Could Take the Auto Market by Storm originally appeared on Fool.com.
Daniel MillerandJohn Rosevear own shares of Ford and General Motors. Sean Williams has no position in any stocks mentioned. The Motley Fool recommends Ford and General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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