This Dodge SUV could be the used car steel you’ve been waiting for.
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- Depreciation can create unique purchasing opportunities for second-hand car buyers.
- One Dodge SUV may be what some drivers are looking for in a used car.
Depreciation can produce a lot more in vehicles that are used gently by second-hand car buyers.
Some vehicles can lose most of their original MSRP (manufacturer’s recommended retail price) as soon as they roll from the dealer lot. This outbreak may not be great for nameplates or brands in terms of resale value, but it is great for anyone looking for a second-hand car deal.
One American subcompact SUV has suffered a severe depreciation hit despite being a fairly new model. Is it worth buying at a significantly reduced price, or is it depreciating quickly for a reason?
Carvana sells this Dodge SUV much less than the original MSRP
The Dodge Hornet is the subcompact SUV that first hit the scene in August 2022. It features an aggressive exterior design reminiscent of DodgeMuscleCars. The SUV was designed by Jeff Gale, whose father designed the iconic Dodge Viper.
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Dodge’s Hornet is the only subcompact SUV model created to compete with rivals such as the Mazda CX-30 and Hyundai Kona. Dodge also introduced a powerful plug-in hybrid trim that produces more horsepower than the gas version.
The original MSRP for the 2024 Dodge Hornet R/T plug-in hybrid is $41,400, which is expensive in this segment. There are several models listed on Carvana that cost less than $29,000. The 2024 Hornet R/T depreciated more than 40% despite several listings earning little serious mileage.
Is the 2024 Dodge Hornet R/T a good SUV?
Dodge’s Hornet R/T is unique as a plug-in hybrid as it uses gas and electrical energy to maximize power and efficiency. The 1.3-liter turbocharged four-cylinder engine and electric motor combine 288 horsepower and is powerful in size. It achieves 29 miles per gallon in the electric range (without using an electric range) and 77 miles per gallon.
The American Subcompact SUV has a 33-mile operating range when fully charged, allowing you to travel with just electricity. It comes with standard all-wheel drive, making it perfect for towing. A review by InsideEvs, an electric vehicle publication, calls Hornet R/T a “very bad deal.” That said, the reviewer also pointed out that dealer discounts can understand how to seduce buyers to get Hornet R/T.
Should I get a Dodge Hornet?
If you’re looking for a second-hand subcompact SUV, the 2024 Hornet may not be your first choice. If you’re a fan of the Dodge brand looking for the subcompact SUV used, Hornet offers company signature style, power and driving dynamics. Furthermore, those who are not opposed to charging the vehicle may notice that current market prices will allow the R/T plug-in hybrid trim to trim more attractive deals.
Dodge Hornet is a solid contender for that segment, but rivals like the Hyundai Kona and Mazda CX-30 are more value-oriented and balanced. On the other hand, hornets are as close as SUVs can reach Dodge muscle cars, which may not be for anyone. If you’re a fan of Hornet Nameplate, Carvana and Carmax have a list of some affordable, low mileage models.
