Electric Vehicle Recalls in 2022: The Latest Updates

Electric Vehicle Recalls in 2022: The Latest Updates

As drivers warm up to the idea of going electric, every electric vehicle recall is sure to turn heads, regardless of severity. 2022 is a huge year for automakers unveiling their next generation of electric vehicles. With over half a trillion dollars invested in EVs, there’s a lot riding on the success of these new arrivals. Several electric vehicle models have already been subjected to recalls. Fortunately, most of them do not directly involve electric powertrains. These are the EVs facing recalls in 2022. We’ll update this page as future recalls are inevitably announced.

Toyota bZ4X and Subaru Solterra Recalls

June 23, 2022 – The Toyota bZ4x and Subaru Solterra are EV siblings co-developed by the two Japanese automakers. Just a month into deliveries, the two models have been recalled globally due to an issue with their wheel hub bolts that could in fact cause the wheels to fall off. Fortunately, the issue does not involve Toyota and Subaru’s brand-new electric powertrain. 

2023 Subaru Solterra 2023 first look
2023 Subaru Solterra

The US National Highway Traffic Safety Administration (NHTSA) recall notice warns owners not to drive their vehicles until they are repaired. This isn’t a good look considering the significance of Toyota’s first all-electric vehicle. A bZ4X and Solterra recall remedy is currently under development according to the US NHTSA.

“The cause of the issue and the driving patterns under which this issue could occur are still under investigation,” the notice says.

The recall affects 2,700 bZ4x models and 2,600 Solterras globally. See if your Toyota bZ4X VIN number is subject to the recall at Toyota’s official recall page. You can check if your Subaru Solterra is impacted at Subaru’s official recall site.

Ford F-150 Lightning Recalls

June 27, 2022 – The electric F-150 Lightning is the most-anticipated new model making a debut this year. Ford Motor is recalling 2,906 F-150 Lightnings because of a software issue that could result in a failure to provide low tire pressure warnings. The 200,000 F-150 Lightning reservation holders are certainly relieved to find that this recall is not related to Ford’s all-new electric powertrain. 

In this particular recall, simple human error is at fault. Ford says that the recommended tire cold inflation pressure was incorrectly set to 35 psi instead of 42 psi. No accidents have resulted from this F-150 Lightning recall, but it’s the fix that’s noteworthy. The recall gives Ford a publicized opportunity to show the world that the F-150 Lightning is OTA capable. Over-the-air updates, first implemented on a large scale by Tesla, are no easy feat. Plenty of automakers can update navigation and infotainment via OTA update, but few are capable of firmware OTA updates that tinker with the powertrain. 

Learn more about how over-the-air updates are changing how cars get serviced.

F-150 Lightning Recall Fix: Those who wish to receive the recall fix immediately may head to a Ford dealership service center immediately. Otherwise, Ford says the over-the-air update will be available to download via home WiFi within a few weeks. Check to see if your F-150 Lighting VIN number is impacted by the recall at Ford’s official recall page.

Hyundai IONIQ 5 and Kia EV6 Recalls

Hyundai IONIQ 5
Hyundai IONIQ 5

May 13, 2022 – As an IONIQ 5 owner myself, I was not thrilled to see the first manufacturer recall coming in one month into ownership. The US National Highway Traffic Safety Administration (NHTSA), Hyundai and Kia have announced a recall for select VIN numbers of the 2022 model year Hyundai IONIQ 5 and Kia EV6.

The IONIQ 5 and EV6 share Hyundai Motor Group’s new e-GMP electric platform. The recall is for the potential for disruptions to the vehicle’s parking actuator system when the vehicle is off. Sudden voltage fluctuations may occur while the vehicle is off, potentially causing the parked vehicle to disengage from ‘Park’ momentarily. If this occurs while the vehicle is parked on uneven terrain, vehicle rollaway is possible. 

IONIQ 5 and EV6 recall fix: A fix is already available, but you’ll have to visit your Hyundai or Kia dealership service center. I just got the recall fix done at my local Hyundai dealer. They had never seen an IONIQ 5 before, and one employee asked if I was coming in for an oil change. Nevertheless, I was in and out of the dealership in about 30 minutes. 

Check to see if your Hyundai IONIQ 5 is involved in this recall at Hyundai’s official recall page. You can see if your Kia EV6 is impacted at Kia’s official recall page.

Learn more about the IONIQ 5 recall here. Unfazed by the recall and looking to buy an IONIQ 5? Here’s how I found a Limited AWD IONIQ 5 at MSRP. It wasn’t easy.

Ford Mustang Mach-E Recalls

2022 Ford Mustang Mach-E
2022 Ford Mustang Mach-E

June 14, 2022 – Ford is recalling all 50,000 Mustang Mach-E electric crossovers because of the risk of power loss. The possible power loss could occur while the vehicle is in motion or parked. 

The recall is due to problems with the Mustang Mach-E’s battery contactor, which is a switch that determines which vehicle components the battery sends power to. Interestingly, the power loss is more likely to occur when putting the pedal to the metal for maximum acceleration, according to Ford. If power loss occurs, a powertrain malfunction warning light will illuminate on the dashboard, and the vehicle will display “Stop Safely Now’ in the gauge cluster behind the steering wheel. Clearly, it’s time to pull over immediately with a message like that. 

Ford Mustang Mach-E recall fix: Ford has pursued Tesla in more ways than one. In addition to ending EV lease buyouts and going for direct-to-consumer sales via Ford Model e, Ford has brought over-the-air updates to its lineup. Ford says that Mustang Mach-E owners will receive an over-the-air update sometime in July to install a software remedy for the recall. Until then, a stop-sale is in place. 

Learn more about the Ford Mustang Mach-E recall at Ford’s official recall page.

YAA’s Take

Several hundred automotive recalls happen every year across vehicle classes and powertrains. There will surely be more to come. What we’ll be keeping an eye on is how the latest electric powertrains are performing. Luckily, most of the EV recalls to date have been for components other than the electric powertrain. However, we all remember how the Chevrolet Bolt recall and fire hazard tarnished GM’s reputation. Check back for the latest updates!

The Fastest Charging Electric Vehicles in 2022 

The Fastest Charging Electric Vehicles in 2022 

You want to go electric, but dread the thought of waiting around the charging station for 45 minutes to an hour. While most electric vehicle charging is done at home overnight (for pennies on the dollar), the occasional road trip necessitates visits to public fast charging stations. Also known as ‘level 3’ DC fast chargers, the amount of time spent charging here varies widely from one electric vehicle model to another. 

These are the fastest charging electric vehicles on the market today. Plus, we’ll take a sneak peek at a few EVs that are just around the corner. 

See the latest availability and wait times for every EV on the market

*Note: Charge times are reflected as 10% to 80% because in all EVs, charging speeds slow significantly beyond 80% state of charge as the battery management system (the car’s computer) balances out the energy distribution at the ‘top of the pack’. In many cases, it may take the same amount of time to charge from 10% to 80% as it does to charge from 80% to 100%.

Fastest Charging Electric Cars Under $45,000

Kia EV6

Wind Rear-Wheel Drive

2022 Kia EV6

10-80% (217 miles of range gained) in 18 minutes

Peak charging power accepted: 235 kilowatts

Range at 80%: 248 miles

Range at 100%: 310 miles

Starting price with destination charges: $49,495

Federal EV tax incentive: Qualifies

Learn more about the 2022 Kia EV6

Hyundai IONIQ 5

Rear-Wheel Drive

The 2022 Hyundai IONIQ 5

10-80% (212 miles of range gained) in 18 minutes

Peak charging power accepted: 235 kilowatts

Range at 80%: 242 miles

Range at 100%: 303 miles

Starting price with destination charges: $45,200

Federal EV tax incentive: Qualifies

Learn more about the 2022 Hyundai IONIQ 5

Volkswagen ID.4

Pro Rear-Wheel Drive

2022 Volkswagen ID.4

10-80% (193 miles of range gained) in 29 minutes

Peak charging power accepted: 135 kilowatts

Range at 80%: 220 miles

Range at 100%: 275 miles

Starting price with destination charges: $42,430

Federal EV tax incentive: Qualifies

Learn more about the 2022 Volkswagen ID.4

Electric cars cost $11,000 more than ICE competitors on average. Worried about when you’ll break even with an electric vehicle purchase? We did the math for you. See EV break-even times with and without incentives.

Fastest Charging Electric Cars Under $70,000

Tesla Model 3

Long Range Dual Motor

2022 Tesla Model 3

10-80% (251 miles of range gained) in 22 minutes

Peak charging power accepted: 235 kilowatts

Range at 80%: 286 miles

Range at 100%: 358 miles

Starting price with destination charges: $59,190

Federal EV tax incentive: No longer qualifies

Learn more about the Tesla Model 3

Genesis GV60

Dual-Motor

2022 Genesis GV60

10-80% (174 miles of range gained) in 18 minutes

Peak charging power accepted: 235 kilowatts

Range at 80%: 198 miles

Range at 100%: 248 miles

Starting price with destination charges: $59,980

Federal EV tax incentive: Qualifies

Learn more about the 2022 Tesla Model Y

Tesla Model Y

Long Range Dual-Motor

Tesla Model Y

10-80% (231 miles of range gained) in 22 minutes

Peak charging power accepted: 235 kilowatts

Range at 80%: 264 miles

Range at 100%: 330 miles

Starting price with destination charges: $67,190

Federal EV tax incentive: No longer qualifies

Learn more about the 2022 Tesla Model Y

Ford Mustang Mach-E 

Extended Range Rear-Wheel Drive

2022 Ford Mustang Mach-E

10-80% (212 miles of range gained) in 45 minutes

Peak charging power accepted: 150 kilowatts

Range at 80%: 242 miles

Range at 100%: 303 miles

Starting price with destination charges: $49,975

Federal EV tax incentive: Qualifies

Learn more about the 2022 Ford Mustang Mach-E

Fastest Charging Electric Trucks

Rivian R1T

Explore

Rivian R1T fast charging

10-80% (220 miles of range gained) in 42 minutes

Peak charging power accepted: 220 kilowatts

Range at 80%: 251 miles

Range at 100%: 314 miles

Starting price: $79,500

Federal EV tax incentive: Qualifies

Learn more about the Rivian R1T

Chevrolet Silverado EV

Mid-Trims TBD

Silverado EV

100 miles of range in 10 minutes is all GM has told us so far

Peak charging power accepted: 350 kilowatts

Range at 80%: 320 miles

Range at 100%: up to 400 miles

Starting price: Estimated $50,000

Federal EV tax incentive: No longer qualifies

Learn more about the 2024 Chevrolet Silverado EV

Ford F-150 Lightning

XLT Extended Range

2022 Ford F-150 Lightning charging speed

15% to 80% (208 miles of range gained) in 41 minutes

Peak charging power accepted: 150 kilowatts

Range at 80%: 256 miles

Range at 100%: 320 miles

Starting price: $72,474

Federal EV tax incentive: Qualifies

Learn more about the 2022 Ford F-150 Lightning

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The Best Electric Vehicle Battery Warranties in 2022

The Best Electric Vehicle Battery Warranties in 2022

Outside of warranty, electric car battery replacement costs range from $2,000 – $8,000 in a hybrid or plug-in hybrid all the way to $12,000 – $20,000 in a fully-electric vehicle. It’s true that batteries should be much more affordable a decade from now, but that’s a lot of money on the line. To protect your wallet, EV manufacturer warranties should be a top consideration for drivers looking to go electric. These are the best electric vehicle warranties in 2022. The top of the list was unexpected to say the least!

The Best EV Battery Warranty

Rivian (8 years or 175,000 miles)

Surprise! The best EV warranty is offered by Rivian for the all-new R1T electric truck and R1S electric SUV. Coverage includes all components inside the high-voltage battery and 70% or more of the battery capacity for 8 years or 175,000 miles, whichever comes first.

Drivetrain components are also covered for 8 years or 175,000 miles. It can be unnerving to purchase a vehicle from a startup like Rivian, so at least they’re offering the best battery warranty there is. Learn more about Rivian’s warranty here.

Tesla Battery Warranty

Tesla’s electric powertrain warranty is split into two tiers. 

  • The Tesla Model S (starting at $99,990) and Tesla Model X (starting at $114,990) have 8 year or 150,000 mile electric powertrain warranties. Battery capacity retention is guaranteed to be at least 70% under warranty.
  • The Tesla Model 3 Long Range and Performance and all Tesla Model Y’s get an 8 year or 120,000 mile powertrain warranty. 
  • The most affordable Tesla today is the Model 3 Rear-Wheel Drive, which gets an 8 year or 100,000 mile powertrain warranty. 

Learn more about Tesla’s battery warranty. 

The Best Battery Warranty For Affordable Electric Cars

Hyundai and Kia (10 years or 100,000 miles)

2022 Kia EV6

For electric cars under $65,000, you can’t beat Hyundai and Kia’s 10 year/100,000 mile EV warranty. The Hyundai EV warranty covers batteries, motors and powertrain components. There’s also the guarantee of at least 70% battery capacity retention. “While all electric-car batteries will experience degradation over time, ours will not degrade more than 70 percent of the original capacity during the warranty period.”

Hyundai’s warranty was a big consideration when I decided to purchase a 2022 Hyundai IONIQ 5 for my family. Learn more about the IONIQ 5, and the ups and downs of my own EV shopping experience.

Learn more about Hyundai’s electric vehicle battery warranty. You can find Kia’s EV warranty details here

The Rest of the Gang: 8 year/100,000 Mile Battery and Powertrain Warranty

In 2022, it looks like the industry standard for EV manufacturer warranties is 8 years or 100,000 miles, whichever comes first. This manufacturer warranty applies to the following electric vehicles in 2022:

The Worst EV Battery Warranty in 2022

Volvo (55% battery retention warranty) and General Motors (60% battery capacity guarantee)

Unfortunately, this disappointing award goes to both Volvo and General Motors. Volvo makes some nice looking EVs, and Polestar’s much better warranty is essentially for Volvo’s with a different brand name. The battery retention warranty information was difficult to find, even a Volvo customer service representative couldn’t get me the information. I ended up finding one mention of the 55% battery capacity warranty here. Disappointing to say the least.

I’m surprised that GM is continuing to settle for last considering their much-publicized push to electrify their entire lineup quickly. The Chevrolet Bolt and GMC Hummer EV have 8 year/100,000 mile battery warranties with a notable catch. The battery retention portion of the warranty will replace the battery if it falls below 60% of the original capacity under coverage. See the full details here

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These Electric Vehicles Come with Free Charging in 2022

These Electric Vehicles Come with Free Charging in 2022

Electrify America

Electric vehicles are far from cheap, but many 2022 EVs come with free charging incentives that sweeten the deal. If you travel America’s interstates often, you’ll want to check out these free charging incentives. It adds up quickly!

Audi e-tron Free Charging: Electrify America

The new Audi Q4 e-tron includes 250kWh of complimentary charging at Electrify America. Audi e-tron GT buyers get three years of free charging at Electrify America. With an EPA-rated range of 241 miles with a 77 kilowatt-hour battery pack, you’ll be good to go for plenty of charging stops. The Q4 e-tron will take about 40 minutes to charge from 10% to 80%. The much pricier e-tron GT can do the same in as little as 22 minutes. 

BMX i4 and iX Free Charging: Electrify America

The 2022 BMW iX SUV and i4 electric sedan will come with two years of 30-minute complimentary charging sessions at Electrify America charging stations. Depending on how much you travel, that could save you a few thousand dollars in public charging costs!

Chevrolet Bolt: Free Level 2 Charger Installation

This is a better deal than it sounds. Level 2 home charging is not cheap to install, unless you’re lucky enough to live where incentives abound. Chevrolet will cover standard installation of a Level 2 charging outlet for customers who purchase or lease a 2022 Bolt EUV or Bolt EV. Learn more here. Here’s our review of the 2022 Bolt and Bolt EUV.

Fisker Ocean Free Charging: Electrify America, Maybe?

The 2023 Fisker Ocean is looking like it will be a popular electric crossover once it arrives. Fisker has partnered with Electrify America, however it’s not been shared if there will be a complimentary charging incentive for Ocean drivers. Regardless, it’s an amazing vehicle (on paper for now). We’re big fans of the innovative Fisker Flexee lease program.

Ford F-150 Lightning Free Charging: Electrify America

2022 Ford F-150 Lightning Pro
2022 Ford F-150 Lightning Pro

Yes, the truck we’ve all been waiting for does come with 250 kilowatt-hours of free charging at Electrify America. That’s equal to about two and a half fill-ups, or enough to drive about 700 to 800 miles in the F-150 Lightning. Once the incentive expires, expect a big charging session at Electrify America to cost about $25-35 in the F-150 Lightning. Learn more about the 2022 F-150 Lightning here

Wondering which EVs are available in 2022? Here’s the full list, with pricing and wait times updated regularly.

Ford Mustang Mach-E Free Charging: Electrify America

Just like the F-150 Lightning, Mustang Mach-E drivers will get 250 kilowatt-hours of free charging at Electrify America. That’s enough to have about three or four free charging sessions on your first road trip. Here’s our review of the 2022 Mustang Mach-E, which by the way is one of the top-selling EVs in America (but still far behind Tesla).

Genesis GV60 Free Charging: Electrify America

The Genesis GV60 is the upscale sibling to my very own Hyundai IONIQ 5, but it comes with an even better charging incentive. Genesis GV60 buyers will get free 30-minute charging sessions for three years at Electrify America. 

Hyundai IONIQ 5: Electrify America

Hyundai IONIQ 5

Hyundai and Kia have raced towards the top of the EV sales charts since launching their twin electric crossovers (some would argue they’re oversized hatchbacks). The Hyundai IONIQ 5 comes with two years of unlimited 30-minute charging sessions at Electrify America’s 800 stations nationwide. Electrify America is growing quickly, so it’s likely there are more than a few EA chargers along your most frequented routes. 

I recently bought an all-wheel drive IONIQ 5 Limited, and I love it. Here’s how I bought one at MSRP (no markup!), plus all you ever wanted to know about the vehicle in this YAA review

Kia EV6: Electrify America

Kia decided to do things differently when setting up their partnership with Electrify America. EV6 owners 1,000 kilowatt-hours of free charging at Electrify America stations. The EA incentive expires after three years. With the efficiency of the Kia EV6, 1,000 kWh of free charging is likely to be good for about 3,500 miles of driving. Full review of the Kia EV6

Lucid Air Free Charging: Electrify America

Lucid Air

Lucid has EXTENDED their free charging partnership with Electrify America. Now, all Lucid customers who place their vehicle order before June 30, 2022 will get three years of free charging at Electrify America. Better get that wallet out! The Lucid Air starts at $77,400, however prices for top-level trims exceed $170,000. See the details here

Nissan Leaf Free Charging: EVgo

America’s first mass-market electric vehicle, the Nissan Leaf, is still a solid bargain in 2022.

(Check out the only cheap EVs available today

Drivers purchasing or leasing a new Nissan LEAF receive $250 EVgo charging credits, which could last you a while with the Leaf’s 150 to 226 mile range. Here are the details from EVgo. 

Nissan Ariya Free Charging: EVgo

The first 10,000 customers who reserved a 2023 Nissan Ariya by January 31, 2022 get a $500 credit for EVgo’s growing network of charging stations. If you’re just now thinking about buying an Ariya, it’s a bit too late. Still, the Ariya is looking to be one of the nicest Nissan’s ever. Is it worth the price tag? Here’s what we think.

EVgo charging network
EVgo charging locations and roaming partners

Polestar 2 Free Charging: Electrify America

The Polestar 2 has several advantages over its competitors: it’s available now, starts under 50 grand, and features a no-haggle direct-to-consumer price. Another benefit of the Polestar 2 is a free charging incentive. The Polestar 2 comes with two years of free 30-minute charging sessions at Electrify America stations. That could save drivers thousands of dollars, depending on how many road trips you take. 

Rivian Free Charging: Rivian Adventure Network

Although it’s fantastic that Rivian is building its own charging network (like Tesla did), it’s a bit of a letdown for Rivian buyers who hoped to get a free charging incentive at Electrify America. The map below is where Rivian plans to have Adventure Network chargers, NOT where they currently are. All buyers of the Rivian R1T electric truck and R1S electric full-sized SUV will get one year of free charging on the Rivian Adventure Network. 

Note: This map reflects Rivian’s plans for the future of the Adventure Network.

The upside? This charging network will be specializing in rural destinations like National Parks, National Forests and the like. That will be transformative for charging in America. 

Subaru Solterra: No Charging Incentive Yet

Despite announcing a ‘partnership’ with America’s third-largest charging network EVgo, there’s no free charging incentive for now. As mentioned above, EVgo has 800 public fast-charging locations and 1,200 Level 2 charging stalls spanning 68 metropolitan areas and 35 states.

Although we’re a Subaru household (prior to taking ownership of our new IONIQ 5), the Solterra EV’s range, charging speed and price are a real bummer. Here’s our full review of the 2023 Subaru Solterra. 

Tesla Free Charging? Not Anymore

Back in the early days of the Model S, Tesla did offer insanely good free charging incentives on its young Supercharger network. From 2012 to 2018, some Tesla vehicles had free charging for life. If you’re looking for free charging or generous federal EV incentives, you’ll have to shop elsewhere. 

Toyota bZ4X Free Charging: EVgo

Toyota bZ4X

The all-new Toyota bZ4X electric crossover takes an hour to charge (at a ‘fast’ charger), has merely okay range, and isn’t all that affordable, but at least you get one year of free charging at EVgo’s network of chargers. EVgo has 800 public fast-charging locations and 1,200 Level 2 charging stalls in 35 states. Here’s why we aren’t fans of the bZ4X. Just buy a RAV4 Prime! That’s probably what Toyota wants you to do anyway. 

Volkswagen ID.4 Free Charging: Electrify America

The ID.4 has one of the best free charging incentives available today. Although the 2021 model year’s offer of three years of UNLIMITED free charging has ended, the 2022 Volkswagen ID.4 includes three years of free 30-minute charging sessions at Electrify America stations. With the 2022 model’s quicker charging rate and improved charging curve, this should be enough for most sessions to be free. Rarely will ID.4 drivers need to stay plugged in for more than 30 minutes at a DC fast charger. Full review of the VW ID.4

Volvo Free Charging: Electrify America

Buyers of the C40 Recharge and XC40 Recharge get 250 kilowatt-hours of free charging at Electrify America. But that’s not all: Volvo is also enticing drivers with a year of free access to Electrify America’s Pass+ membership, which offers charging at a discounted rate. The Pass+ membership offers charging at about 30% lower rates than using the network as a guest, but membership normally costs $4 per month. 

YAA’s Take

Making the switch to an electric vehicle would be a no-brainer if they weren’t so darn expensive. It’s hard to find a cheap EV, but a few are out there. For many, free charging incentives are compelling enough to close the deal. Personally, I’ve saved a few hundred dollars in charging costs over the first few months of EV ownership by using my IONIQ 5’s Electrify America incentive. 

This begs the question: would you rather have faster charging times, or longer range? Does stopping for 15 minutes every 200 miles sound better than stopping for 45 minutes every 300? Let us know what you think the future of EV charging should look like. One thing is for sure, EVs are coming to roads near you.

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The 5 Most Marked-Up Cars in 2022 (Really, Kia?!)

The 5 Most Marked-Up Cars in 2022 (Really, Kia?!)

Over the past two years, the median household income in the United States has nudged upward from $67,500 to $75,500 as of March 2022. Meanwhile, new cars have risen from an average transaction price of $37,000 in early 2020 to $46,000 today, a 24% increase. The cost of transportation in our very car-dependent country has climbed above what’s possible for most driver’s budgets. Now, more than ever, price matters. These are the most marked up cars in 2022. 

Consumer Reports recently released eye-opening data on the price disparities between automakers as dealer markups amplify the madness of the auto industry in 2022. Kia is overwhelmingly the winner of the award for most ridiculous new car pricing in 2022

Kia Soul

2022 Kia Soul

The 2022 Kia Soul is a subcompact SUV that car buyers are eager to get their hands on. In fact, demand is so high that Kia dealers keep pushing the limits of Kia Soul pricing ever higher. In 2022, Consumer Reports finds that the average price for a Kia Soul in the US is 21% over MSRP

When we take a look at YAA Car Search, we see that there are just over 1,000 new Kia Souls for sale in America right now. The Soul is in short supply. Shockingly, some go for nearly $40,000! Sure enough, YAA Car Dealer Reviews shows that buyers are having a hard time finding a good deal on the Soul in 2022. 

Kia Sorento

Kia’s hot-selling mid-size SUV is also listed for 21% over MSRP on average. Kia has been able to keep a higher supply of Sorentos on dealer lots, with nearly 3,000 available nationwide. I just about dropped my coffee when I saw that Kia Sorento plug-in hybrids (PHEVs) are listed for over $60,000 in some parts of the country. See the Sorento listings near you here

Kia Forte

The third Kia model with a 21% average markup in 2022 is the Forte budget sedan. The consensus among reviewers of the Forte is that it’s simply an ‘okay’ car. Is it worth $34,000? Some dealers seem to think so

Kia Sportage

With a 19% average markup, this typically affordable compact SUV is no longer cheap. The Sportage has a starting MSRP of $24,090, but it’s very hard to find one under $35,000, and some approach $50,000. Would you pay that much for a Kia compact SUV?

Kia Niro

2022 Kia Niro EV

The Niro is popular, having sold well over 20,000 units annually in the U.S. before the chip shortage slashed production. Does its popularity justify the 19% average markup on the Niro? The electric version of the Niro has seen the most ludicrous price increases. Although the MSRP for a 2022 Niro EV EX Premium is $44,650, dealer prices reach up to $52,000 before taxes and fees.

YAA’s Take

It’s not just new car prices that are out of control. At YAA, we’ve been tracking used car price trends, and it’s hardly any better at the auction house. Seasonal price trends have gone out the window, and supply chain disruptions continue to put a damper on any semblance of normalcy. We’ve seen new car inventory plummet and struggle to climb back at all.

What will it take for the car price bubble to burst? Supply will have to catch up to demand. Until that happens, dealers (and automakers) have the upperhand when it comes to pricing. Be sure to join the YAA Community to stay up to date with the very latest car price and inventory news. 

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