Jeep Wrangler Rubicon.
Jeep
- Buying a car has always been a big purchase, but it’s become especially hard on the wallet during the pandemic.
- Dealers are asking thousands above MSRP for popular models from Ford, Jeep, and others.
- Car-shopping site iSeeCars identified the 15 models with the worst dealer markups.
Almost three years into the global pandemic, some impacts of the virus are still raging, including extraordinarily high prices for new cars.
Spencer Platt/Getty Images
On average, dealers are asking 10% above MSRP for new vehicles, according to a recent study by the car-shopping website iSeeCars. Compare that to pre-pandemic times, when salespeople would hand out aggressive discounts to move cars off of their lots.
Pablo Monsalve/VIEWpress/Getty Images
Source: iSeeCars
But that’s not the worst of it. The analysis found that some of the most popular cars are being listed for up to 24% over suggested sticker price.
Ford
That means if you want a hot model like a Jeep Wrangler,
Porsche Cayenne, or
Ford Bronco, you’ll need to shell out thousands — sometimes almost $17,000 — more than those brands think their cars are worth.
Porsche Cayenne, or
Ford Bronco, you’ll need to shell out thousands — sometimes almost $17,000 — more than those brands think their cars are worth.
Alanis King
Parts shortages have stunted vehicle production worldwide, leaving US dealers with millions fewer cars to sell.
David Zalubowski/AP
According to the basic laws of supply and demand, they’re now able to charge top dollar for the vehicles they have in stock. And buyers are paying up.
Kristen Lee/Business Insider
See the 15 models priced the highest above MSRP below. They’re ranked based on the percentage over sticker that dealers are asking.
2022 Genesis GV70.
Doug Berger for NWAPA
15.
Genesis GV80
Genesis GV80
2021 Genesis GV80 SUV.
Guillaume Fournier
Asking price: 18% or $10,124 above MSRP
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13. Jeep Gladiator
Jeep
Asking price: 18.5% or $8,478 above MSRP
10. Mercedes-Benz GLB
Mercedes-Benz
Asking price: 19% or $7,650 above MSRP
Kristen Lee/Business Insider
Asking price: 19.5% or $14,697 above MSRP
8. Porsche Cayenne
Porsche
Asking price: 19.6% or $16,750 above MSRP
6.
Jeep Wrangler Unlimited (four-door)
Jeep Wrangler Unlimited (four-door)
Jeep
Asking price: 20% or $8,877 above MSRP
5. Ford Bronco
2022 Ford Bronco.
Ford
Asking price: 21.6% or $8,697 above MSRP
Read more: See the 10 cheapest EVs on the market right now from Chevy, Kia, and more
4. Lexus RX450h
Lexus
Asking price: 21.9% or $10,847 above MSRP
2. Porsche Macan
Porsche
Asking price: 23.1% or $14,221 above MSRP
1. Jeep Wrangler
Jeep
Asking price: 24.4% or $8,433 above MSRP
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