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KBB.com sees a buyer's market for new compacts and crossover SUVs

By KBB.com Editors on January 22, 2013 4:54 PM

According to the latest data compiled by Kelley Blue Book's Automotive Insights group, current market conditions are creating excellent opportunities for anyone pondering the purchase of a new compact car or crossover SUV. In the case of compact cars, KBB's transaction data indicates that the difference between the average monthly payment on a new 2013 - about $335 on a 5-year loan agreement - compared to a one-year old 2012 alternative can be a  little as $30. Consumers looking to trim that monthly outlay by $100 would need to consider a 2009-vintage compact, a vehicle which would likely have 50,000 miles or more on its odometer and be out of the original factory warranty period.

In general, a similar situation exists for those looking to purchase a compact crossover SUV. In this arena, the new-2013 versus used-2012 payment spread averages about $35 per month. However, the KBB stats also found larger variations exist between specific vehicles in this hot-selling segment. While buyers considering a new 2013 Chevrolet Equinox or Toyota RAV4 can find the price gap as little as $20, those looking to buy a 2013 Ford Escape are likely to be faced with up to a $60 premium compared to the 2012 model.