The 2020 Chevrolet Impala has the lowest cost of ownership over five years of any full-size car.
The Chevrolet sedan has once again received the Best Full-Size Car award in KBB’s 5-Year Cost to Own Awards – the fifth consecutive year the Impala has received the designation.
KBB says the Impala is “a lot of car for the money,” considering its size, standard 3.6L LFX V6 engine and standard Apple CarPlay/Android Auto. Prices start at $32,395 for the entry-level LT model, while the range-topping Premier costs just under $40,000. KBB also points out that “GM incentives aren’t uncommon on this big 5-seat sedan,” so it can often be purchased for much cheaper than its MSRP.
“The rise of the SUV has spelled doom for many full-size passenger cars, but the 2020 Chevrolet Impala marches on, oblivious to the oblivion it may soon face,” KBB said. “For those who still love the comfort and safety of a full-size sedan, the Impala makes a compelling argument. It comes standard with a potent V6 engine, a spacious interior, and a velvety-smooth ride.”
Unfortunately, this will probably be the last year you’ll be able to buy a new Chevrolet Impala. Production of the sedan has already ended at GM’s Oshawa Assembly plant in Canada and will soon end at the automaker’s Detroit-Hamtramck plant, as well. With GM choosing to focus its efforts on trucks, SUVs and electric vehicles, it’s unlikely we’ll ever see the Impala nameplate on a new vehicle again.
Sales of the current, tenth-generation Chevrolet Impala were at their highest in 2014, when GM sold 140,280 examples of the sedan. Sales have declined every year since then and dropped to a total of 44,978 units in 2019.
While production of the Impala is set to end shortly, customers will still be able to buy new examples of the sedan for Chevrolet dealers for some time. Inventory will remain at dealers after production stops, so it will be a while before every new unit in stock is sold.