New car discounts return ahead of March numberplate change
Nissan's popular Qashqai and Juke (r) are both available with discounts of more than £3000
What Car? Target Price data reveals that savings of up to 16% are available on new cars
New car discounts of up to 16% have emerged in the run up to the March numberplate change, according to the latest What Car? Target Price data.
The discounts mark a distinct shift from the past 18 months, during which manufacturers have been able to resist offering incentives as a result of supply shortages in the face of the semiconductor chip crisis.
The savings suggest that shortages are easing again and that the pipelines of orders built up by manufacturers - rumoured in extreme cases to be up to 18 months for high-demand cars - are being reduced. This tallies with comments made by Stellantis boss Carlos Tavares this week, in which he suggested widespread discount would return within six months.
The What Car? data is produced by a team of real-world mystery shoppers who constantly scan the market. They discovered the average cash discount across all makes and models ahead of the plate change is 4%, or £1875 per car.
The Target Price is categorised as the most you should pay for the car in the current market and as being achievable by any shopper. Greater discounts may therefore be possible.
*What Car? Top 12 Target Price Biggest Cash Discounts *
*1. Volkswagen Arteon 1.5 TSI R Line Fastback*
List price: £38,820
Target Price: £32,488
Saving: 16.7% or £6332
*2. Nissan Qashqai 1.3 DiG-T MH Acenta Premium 5dr*
List price: £29,005
Target Price: £24,885
Saving: 14.3% or £4120
*3. Nissan Leaf 110kW Acenta 39kWh 5dr Auto*
List price: £28,995
Target Price: £25,180
Saving: 13.2% or £3815
*4. Suzuki Vitara 1.4 Boosterjet 48V Hybrid SZ-T 5dr*
List price: £24,249
Target Price: £21,146
Saving: 13.2% or £3103
*5. Peugeot 508 1.2 PureTech GT Fastback EAT8*
List price: £34,395
Target Price: £30,392
Saving: 12.0% or £4003
*6. Nissan Juke 1.6 Hybrid N-Connecta 5dr Auto*
List price: £27,525
Target Price: £24,342
Saving: 11.7% or £3183
*7. Seat Arona 1.0 TSI SE 5dr*
List price: £20,960
Target Price: £18,839
Saving: 10.2% or £2121
*8. BMW 4 Series 420i M Sport Convertible Step. Auto*
List price: £48,100
Target Price: £43,687
Saving: 9.5% or £4413
*9. Renault Captur 1.0 TCE 90 Evolution 5dr*
List price: £22,395
Target Price: £20,575
Saving: 8.5% or £1820
*10. Peugeot 3008 1.6 Hybrid4 300 GT 5dr e-EAT8*
List price: £49,640
Target Price: £45,733
Saving: 8.0% or £3907
*11. Seat Ibiza 1.0 TSI 95 SE 5dr*
List price: £18,405
Target Price: £16,951
Saving: 8.0% or £1454
*12. Toyota Yaris 1.5 Hybrid Excel 5dr CVT*
List price: £25,070
Target Price: £23,259
Saving: 7.5% or £1811