The worldwide chip shortage has given auto manufacturers heartburn and has slowed the manufacturing of nearly every vehicle. The shortage has pushed prices sky high as dealership lots are bare. Many consumers are waiting for the market to settle down before purchasing a new vehicle, and I will detail below some of the more interesting options that were recently introduced and some that will be released in the next few months.
2022 Ford Maverick
A $20,000 pickup truck from Ford that gets 42 MPG in the city. With trucks continuing to grow ever larger (and pricier!), Ford has introduced the new smaller Maverick that comes powered by a hybrid four-cylinder engine. With most truck owners buying their vehicles out of personal preference and not needing the extreme capabilities, now purchasers will have a lower cost and less polluting option. Mavericks are just now hitting dealerships.
2023 Nissan Z
Nissan is finally replacing the 370Z sports car and introducing a new retro-inspired model known simply as “Z.” It features a twin-turbo V6 engine producing 400 horsepower combined with a six-speed manual transmission and will feature a $40,000 base MSRP. Nissan has said that the Z will launch sometime in Spring 2022, so buyers won’t have to wait too long before seeing the Z on dealer showrooms. You have to wonder how much longer affordable sports cars with manual transmissions will be available. This may be the end of an era.
2022 Audi Q4 e-tron
Audi created serious waves when they announced that their new electric crossover, the Q4 e-tron, would start at only $43,900 before the $7,500 federal tax credit. Based on the Volkswagen ID.4, the Q4 e-tron will add an Audi touch and provide an affordable luxury option for shoppers looking for an electrified luxury vehicle. With a range of 241 miles and 295 horsepower, this is a full electric car experience. The Tesla Model Y, a competitor, offers more power and range, but starts at $58,000 and doesn’t qualify for the tax incentive. The Q4 e-tron will start shipping in the next two months.
2022 Ford F-150 Lightning
Ford will be launching their fully-electric full-size pickup in Spring 2022. With 300 miles in range, and an MSRP that starts at $42,000 for a work-truck spec, Ford says that they have already secured deposits on the first two years of production. However, they’ve also said that they would be changing their plans so that they could produce even more to try to fulfill the orders faster. Did I mention that you can plug the truck into your house to help power it if the power goes out? You have to think that plenty of Texans have ordered the Lightning after the big freeze last February.
2022 Jeep Grand Wagoneer
Is the world ready for a $100,000 luxury Jeep SUV? We’re about to find out as the all-new XL luxury SUV is just hitting dealerships. Starting at $88,440 and topping out at an eye-watering $110,000, will buyers be convinced to skip a Range Rover, Escalade, or other luxury barge and buy a Jeep? The Grand Wagoneer is certainly luxurious, but it is unclear if dealerships will be able to meet the high-end customer service demands that buyers in this price range require.