Car dealers are asking thousands above MSRP as shortages linger. These 15 models have the highest markups.
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Low inventory at car dealerships means many are asking above MSRP for popular models.
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Car buyers may need to pay up to 27% above retail for an in-demand vehicle, according to a new study.
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The Jeep Wrangler, Ford Maverick, and Genesis GV70 are seeing some of the biggest price hikes.
New cars — like most other consumer goods — have become wickedly expensive over the last couple of years. Chalk that up to a pandemic-generated confluence of parts shortages, virus outbreaks, and general supply-chain mayhem.
Manufacturing hiccups and delays mean that US car dealers have millions fewer vehicles on hand than usual, and that reduced supply has allowed them to start charging above MSRP for in-demand models. According to a new study from automotive research outfit iSeeCars, dealers are asking as much as 26.7% above retail for certain popular vehicles.
iSeeCars analyzed 1.2 million vehicle listings over the last two months and identified the 15 new models with the highest markups. If you’re in the market for a new vehicle and want some semblance of a deal, it might be best to avoid the models listed below. But remember: these are asking prices, not actual transactions.
15. Mercedes-Benz GLA
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Average MSRP: $38,392
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Average asking price: $45,534
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Difference: $7,142, 18.6%
14. Lexus RX 350L
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Average MSRP: $49,629
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Average asking price: $58,871
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Difference: $9,242, 18.6%
13. Mini Countryman
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Average MSRP: $33,504
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Average asking price: $39,829
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Difference: $6,325, 18.9%
12. Ford Mustang
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Average MSRP: $36,424
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Average asking price: $43,365
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Difference: $6,941, 19.1%
11. Chevrolet Corvette
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Average MSRP: $78,849
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Average asking price: $94,067
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Difference: $15,218, 19.3%
10. Mercedes-Benz GLB
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Average MSRP: $40,264
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Average asking price: $48,256
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Difference: $7,992, 19.8%
9. Genesis GV70
8. Ford Bronco
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Average MSRP: $37,710
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Average asking price: $45,493
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Difference: $7,783, 20.6%
7. Lexus RX 450h
6. Ford Maverick
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Average MSRP: $24,211
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Average asking price: $29,579
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Difference: $5,368, 22.2%
5. Jeep Gladiator
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Average MSRP: $43,639
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Average asking price: $53,463
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Difference: $9,824, 22.5%
4. Jeep Wrangler Unlimited (four-door)
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Average MSRP: $41,637
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Average asking price: $51,170
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Difference: $9,534, 22.9%
3. Porsche Macan
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Average MSRP: $56,863
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Average asking price: $70,116
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Difference: $13,254, 23.3%
2. Ford Maverick Hybrid
1. Jeep Wrangler
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Average MSRP: $33,482
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Average asking price: $42,406
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Difference: $8,925, 26.7%
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