The Jeep Wrangler Rubicon.
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.Jeep Wranglers are displayed at a Manhattan dealership.
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.View of a used car dealership in Ridgewood, Queens New York on January 19, 2022.
Pablo Monsalve/VIEWpress/Getty Images
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.2022 Ford Maverick.
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.The new Ford Bronco.
Read more: Used cars are getting cheaper. Here’s a breakdown of how prices have moved from Scions to Jeeps.
Parts shortages have stunted vehicle production worldwide, leaving US dealers with millions fewer cars to sell.Jeep Gladiator pickup trucks at a dealership.
Read more: The 11 best hybrid SUVs to save you money on gas in 2022
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.2020 Chevrolet Corvette.
Kristen Lee/Business Insider
See the 15 models …read more
Source:: Business Insider