Wednesday, June 29, 2022
News Demand for Minivans is so Strong They Are Selling for 8% Above...

Demand for Minivans is so Strong They Are Selling for 8% Above Sticker Price

It looks like minivans are making a comeback, or is this only a result of availability?

  • Demand for new vehicles could be driving this trend.

  • Cars, SUVs, and trucks are selling at sticker prices.

  • As well, minivans are undeniably more practical and perhaps buyers are remembering.

Minivans are only the smartest most useful vehicles available in any market. Short of hauling 5,000lbs or towing 10,000lbs, minivans can carry more stuff and more people than any SUV. This could be a factor explaining why they are such hot sellers at the moment.

Cox Automotive, the parent company of Kelley Blue Book, recently shared a report that showed that minivan buyers were not only trying to find a new sliding-door vehicle but once settled on a model, ended up paying 8% more than the sticker price on average.

2021 Toyota Sienna Limited AWD | Photo: Olivier Delorme

The combination of the ongoing demand-driven new car market and low inventories could be a reason for some buyers, who were considering a midsize 3-row SUV, ending up signing on the dotted line for a minivan. There’s also the possibility that these same buyers have come to realize that an SUV is a flawed attempt at replacing the minivan – the ultimate family hauler.

“For families, there are still few better vehicle choices than a minivan,” said Matt Degen, a senior editor at Kelley Blue Book, as reported by CNN Business. “They’re just easier.”

2021 Minivan Comparison Test: Minivans Have Evolved

The other reality is that, from a dozen offerings some years back, only four minivans remain available in North America. And we tested them all this past spring so if you’re shopping, make sure to check out our comparison test.

Trending Now

New Vehicle Quality Took a Hit in the Last Year

The 2022 J.D.Power Initial Quality Study found an 11% increase in problems per 100 vehicles on average Buick is the best-ranking brand and...

Tesla will Fire 10% of its Salaried Employees in the Next Three Months

The CEO had already put a stop to all new hirings around the world This is to prepare for a possible recession The...

The Ford F-150 Lightning is Recalled Over a Non-Compliance Issue

The Tire Pressure Monitoring System was not programmed correctly at the factory This could lead to an accident due to improperly inflated tires ...

Indi One EV is a Car Wrapped Around a Supercomputer

The Indi One is IndiEV’s first vehicle, a midsize crossover. Two fully electric powertrains available, with 275 or 475 horsepower. Pricing ranges from...

Ford Unveils its Electric SuperVan in Goodwood

Ford promised it would bring something commercial and capable to this year's Goodwood Festival of Speed in England, and it delivered in the form...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.