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Virtually every dealer, for the Japanese brands I am considering, is 2 to 10K+ over MSRP (“market adjustment and dealer adds”) in a 300 mile radius (multiple bi
by propogandist 4y ago
Virtually every dealer, for the Japanese brands I am considering, is 2 to 10K+ over MSRP (“market adjustment and dealer adds”) in a 300 mile radius (multiple big metros). These markups are for vehicles they won’t have in stock for months also.
Car dealers have discovered they can make huge profits by exploiting the inventory shortage. They’ve also kept some of the most arrogant sales staff (“closers”) who are guaranteed big pay days for every sale.
While this isn’t always the case, the days of paying below MSRP appears to be a thing of the past
- Bluecobra 4y agoHad a similar experience a few weeks ago, for example a $25,000 Hyundai Elantra was marked up $8,000 over MSRP. All the Hyundai dealers near me are all pulling the same games and don’t post the actual price on their website so you have to waste time traveling there. Luckily for me I had the option to buy out my lease and won’t ever do business with any of these dealers again.
- propogandist 4y agoI came across https://markups.org https://markups.org, in my research, which crowdsources info on dealer markups. It will give you a ballpark if a dealer should be avoided outright. Calling the sales department and asking for market adjustment and dealer adds info for make/model is also recommended. Most sales people, although not all, will disclose rough numbers.