Most affordable

The Insurance Institute for Highway Safety and Consumer Reports have released their annual list of recommended vehicles for teens, and the 2024 list offers more safety for less, as used- and new-car prices stabilize.

For the 2024 list of best value new cars, we’ve expanded the categories to more closely align with those used in Cars.com’s research tools.

According to a new report compiled by Cars.com, new cars priced under $30,000 comprise the fastest growing segment in the car market.

Cars Commerce surveyed consumers to see how these trends and more are likely to have the most impact on car shopping in 2024.

In our 2023 Affordable SUV Challenge, the most expensive vehicle in the test, the 2024 Kia Seltos SX Turbo, tied for first place in our value scoring with the least expensive vehicle in our test, the 2024 Chevrolet Trax Activ.

The Kia Seltos SX rode its model-year 2024 updates to a second consecutive win in a comparison test of affordable SUVs.

The Trax has been completely redesigned for 2024, is significantly larger, has more technology and is less expensive than its predecessor last seen as a 2022 model.

GM has confirmed the Bolt EV is approaching the end of its journey and is expected to be discontinued by the end of 2023.

As shoppers’ preferences have shifted to larger SUVs and pickup trucks, it shouldn’t come as a surprise that 10 out of the 14 discontinued vehicles are sedans or hatchbacks.

Our analysis of the best value new cars for 2023 shows that budget-conscious shoppers don’t have to limit themselves to just one vehicle type.