The year 2023 is a time of economic uncertainty for millions of Americans. Between layoffs and record rates of inflation, many citizens are struggling financially. Getting the most bang for your buck is incredibly important in 2023. So how much should consumers expect to pay for an SUV, and do any brands offer enough value for money to justify buying an SUV?
Expect to pay nearly $27,000 for most new small SUVs
After adding up the prices of 10 of the most popular small SUVs on the market, the average new small SUV price among models like the Mazda CX-5, Hyundai Tucson, Honda CR-V, and Kia Sportage was approximately $30,643. The 2023 Honda CR-V’s high starting price contributed to this high average price. Thus, the new CR-V is at the right end of the price range, being one of the most expensive new small SUVs.
ranking:
| 2023 Small SUV | Starting price From lowest to highest |
| 2023 Kia Sportage | $25,990 |
| Subaru Forestry from 2023 | $26,395 |
| 2023 Hyundai Tucson | $26,450 |
| 2023 Mazda CX-5 | $26,700 |
| 2023 Ford Escape | $27,185 |
| 2023 Nissan Rogue | $27,360 |
| 2023 Mazda CX-50 | $27,550 |
| 2023 Toyota RAV4 | $27,975 |
| 2023 Ford Bronco Sport | $29,215 |
| 2023 Honda CR-V | $31,610 |
It’s safe to say that the average price for a new small SUV in 2023 is $27,185 to $27,360. Models like Kia Sportage, and Hyundai Tucson are among the more affordable options. Models such as the Toyota RAV4, Ford Bronco Sport and Honda CR-V are among the more expensive options.
How do you choose a new small SUV?
There are several important factors to consider when choosing a new vehicle. Affordability, fuel economy and driving dynamics are some of the biggest concerns for American consumers.
Models like the Toyota RAV4 have embodied most of the traits that the average driver values, such as practicality and reliability. RAV4 and Honda CR-V are two of the more reliable options. Choosing the RAV4 over its rivals is easy due to its popularity, but does it really offer the best value for money?
What are Toyota RAV4’s best rivals?
The Honda CR-V has been the RAV4’s sworn enemy for years. That said, the Honda CR-V has gotten significantly more expensive since its redesign. It costs $3,635 more than the Toyota RAV4.
Nissan Rogue is a best-selling small SUV. Other big RAV4 rivals that are making a lot of noise in the segment are the Hyundai Tucson and Mazda CX-5. The Tucson is a great small SUV with an eye-catching, futuristic exterior design. The CX-5 is one of the most elegant options in its vehicle segment.
Ultimately, the best small SUV option is subjective, but the RAV4 is always a good place to start. If Toyota’s small SUV isn’t to your liking, step up to models within the same price range like the Tucson, CX-5, and Nissan Rogue, respectively. If you’re not afraid to explore one of the more expensive options, then the redesigned has a lot to offer consumers.
Let us know your pick for the best small SUV for the money in the comments section below.
