Car dealers are asking thousands above MSRP as shortages linger. These 15 models have the highest markups.
Low inventory at car dealerships means many are asking above MSRP for popular models.
Car buyers may need to pay up to 27% above retail for an in-demand vehicle, according to a new study.
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
Average MSRP: $38,392
Average asking price: $45,534
Difference: $7,142, 18.6%
14. Lexus RX 350L
Average MSRP: $49,629
Average asking price: $58,871
Difference: $9,242, 18.6%
13. Mini Countryman
Average MSRP: $33,504
Average asking price: $39,829
Difference: $6,325, 18.9%
12. Ford Mustang
Average MSRP: $36,424
Average asking price: $43,365
Difference: $6,941, 19.1%
11. Chevrolet Corvette
Average MSRP: $78,849
Average asking price: $94,067
Difference: $15,218, 19.3%
10. Mercedes-Benz GLB
Average MSRP: $40,264
Average asking price: $48,256
Difference: $7,992, 19.8%
9. Genesis GV70
Average MSRP: $43,155
Average asking price: $51,766
Difference: $8,611, 20%
8. Ford Bronco
Average MSRP: $37,710
Average asking price: $45,493
Difference: $7,783, 20.6%
7. Lexus RX 450h
Average MSRP: $49,414
Average asking price: $59,780
Difference: $10,365, 21%
6. Ford Maverick
Average MSRP: $24,211
Average asking price: $29,579
Difference: $5,368, 22.2%
5. Jeep Gladiator
Average MSRP: $43,639
Average asking price: $53,463
Difference: $9,824, 22.5%
4. Jeep Wrangler Unlimited (four-door)
Average MSRP: $41,637
Average asking price: $51,170
Difference: $9,534, 22.9%
3. Porsche Macan
Average MSRP: $56,863
Average asking price: $70,116
Difference: $13,254, 23.3%
2. Ford Maverick Hybrid
Average MSRP: $22,414
Average asking price: $28,014
Difference: $5,601, 25%
1. Jeep Wrangler
Average MSRP: $33,482
Average asking price: $42,406
Difference: $8,925, 26.7%
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