This article has been updated for the 2024 model year new car model year. Each year, I take great pleasure in researching and ranking the cheapest new cars sold in the U.S. market before sharing my findings. Transportation expenses rank second on our household expense lists in the U.S., with most costs tied to purchasing or leasing vehicles. With over 60% of Americans living paycheck-to-paycheck, finding an economical ride can be essential when making budgetary decisions. This article presents a ranking of the 10 cheapest new cars of 2024 by lowest MSRP for base automatic transmission models (I’ve also provided factory invoice prices to facilitate negotiations with dealers). Furthermore, my ranking includes fuel-efficient cars and electric vehicle options at similar price points.
If you’re shopping for a new car, keep an eye out for models from previous model years as this could give you the best possible deals. Dealers may be trying to shift inventory towards 2024 models; so this may give you an even better deal! Generally speaking, most 2024 models are identical.
As an automobile user, I have made strides to reduce my dependency on one and am curious as a vehicle consumer to see what trends exist within the automotive market and whether cost and fuel-efficiencies have improved; it would be worthwhile knowing what I could look out for now or later on down the line.
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