7 New Cars That Give You the Best Bang for Your Buck in 2024

Gabrielle Olya
2 min read
9
TIM SUTTON / Nissan
TIM SUTTON / Nissan

If you’re a cost-conscious car shopper, the good news is that cars are slowly becoming more affordable. According to Cars.com’s 2024 Affordability Report, “the retail environment is more accessible to consumers than it has been for months” and the inventory of new vehicles under $30,000 is up 77% year over year.

Check Out: Dave Ramsey on Why You Shouldn’t Buy a New Car/Take Out an Auto Loan This Year
Learn More: How To Get $340 Per Year in Cash Back on Gas and Other Things You Already Buy

The report also identified the best-value cars by segment. To find these standout cars, Cars.com analyzed 85 new vehicles based on features like safety technology, median list prices and annual fuel costs.

Here’s a look at the best-value new cars in each category.

©Kia
©Kia

Best Value Compact Car

2024 Kia Forte LXS With LXS Technology Package

  • Median vehicle price: $21,710

  • Median category price: $26,363

Find Out: 7 Classic Cars Worth Buying for Those on a Budget in 2024
Read More: These 10 Used Cars Will Last Longer Than an Average New Vehicle

Sponsored: Credit card debt keeping you up at night? Find out if you can reduce your debt with these 3 steps

Jay K. McNallyMcNally Multi Med / Nissan
Jay K. McNallyMcNally Multi Med / Nissan

Best Value Subcompact SUV

2024 Nissan Kicks S

  • Median vehicle price: $22,597

  • Median category price: $29,470

Try This: Professional Negotiator Shares 4 Tips To Save Thousands on Your Next Car Purchase

©Chevrolet
©Chevrolet

Best Value Compact SUV

2024 Chevrolet Equinox LS With Driver Confidence II Package

  • Median vehicle price: $27,995

  • Median category price: $35,995

©Ford
©Ford

Best Value Compact Pickup Truck

2024 Ford Maverick XL With Ford Co-Pilot 360 Package

  • Median vehicle price: $27,380

  • Median category price: $35,530

TIM SUTTON / Nissan
TIM SUTTON / Nissan

Best Value Mid-Size Pickup Truck

2024 Nissan Frontier King Cab S 4×2 With Technology Package

  • Median vehicle price: $35,005

  • Median category price: $43,412

©Ford
©Ford

Best Value Full-Size Pickup Truck

2024 Ford F-150 SuperCab XL 4×2

  • Median vehicle price: $46,293

  • Median category price: $58,015

DREW PHILLIPS / Hyundai
DREW PHILLIPS / Hyundai

Best Value Electric Vehicle

2024 Hyundai Ioniq 6 SE RWD

  • Median vehicle price: $40,160

  • Median category price: $49,304

Data is sourced from Cars.com and is accurate as of April 16, 2024.

More From GOBankingRates

This article originally appeared on GOBankingRates.com: 7 New Cars That Give You the Best Bang for Your Buck in 2024

Advertisement

Recommended Stories

  • What the Tesla Supercharger layoffs could mean for America's EV buildout

    The latest layoffs at Tesla this week cut close to the bone of the EV pioneer’s big competitive advantage — its ubiquitous Supercharger network.

  • Southwest pilots face reduced hours, pay due to Boeing delivery delays

    Southwest Airlines plans to offer its pilots reduced hours and, in effect, monthly pay, two people familiar with the matter said, as it grapples with higher costs and overstaffing due to delays in aircraft deliveries from Boeing. The Dallas-based airline, which operates an all-Boeing fleet, has been reeling from the U.S. planemaker's ongoing safety crisis. Last week it warned of a hit to earnings as it expected to receive just 20 Boeing aircraft this year, less than one-fourth of its original plans.

  • Traffic snarled as workers begin removing I-95 overpass scorched in Connecticut fuel truck inferno

    Work crews began demolishing a bridge damaged in a fiery crash that kept Interstate 95 in Connecticut closed for a second day Friday, as motorists' nerves continued to fray in hours of traffic jams on and around the main artery linking New England and New York. “It’s crazy,” said Marco Ortiz, a tattoo artist at Javier Eastman Tattoo Studios in Norwalk on Connecticut Avenue, one of the detours jammed bumper-to-bumper. The highway remained shut down in both directions after Thursday morning's three-vehicle wreck, in which a gasoline tanker burst into flames that engulfed the Fairfield Avenue overpass above I-95 in Norwalk and damaged the structure.

  • Tesla pushes to legalise driverless cars in UK

    Tesla is pushing to legalise its self-driving system in the UK and Europe, launching a charm offensive with regulators as Elon Musk bets the carmaker’s future on autonomous driving.

  • What to do after a car accident: Your step-by-step guide

    See what to do after a car crash and how to get started documenting the accident and filing an insurance claim.

  • Is Tesla A Buy Or A Sell With Shares Rallying 20% Since Q1 Earnings Amid Strategy 'Realignment'?

    Tesla stock has retreated around 30% in 2024 as analysts focus on vehicle pricing, EV demand and potential profit struggles for Elon Musk and Co.

  • Brightline West chooses Siemens Mobility rolling stock

    Although no contracts have yet been signed the agreement is likely to stick.

  • Xiaomi enters the game, accelerating changes in China’s market

    GlobalData report shows China light vehicle wholesales reach 2.1 million units in March

  • Nissan and battery recycling firm Ecobat partner in UK

    Project supports Nissan’s aim to achieve carbon neutrality by 2050 across operations

  • US ends Tesla rear-view camera investigation after 2021 recall

    WASHINGTON (Reuters) -The U.S. National Highway Traffic Safety Administration said on Friday it has closed a long-running investigation into the loss of rear-view camera images in nearly 160,000 of Tesla's Model X and Model S vehicles. The auto safety regulator said Tesla's 2021 recall of almost 135,000 vehicles appears to address the risk presented by the failure of a media control unit and will continue to monitor the effectiveness of the callback. Tesla agreed to the recall to address touchscreen failures under pressure from NHTSA, after the agency sought the callback in a formal letter.