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    Car shortage leads to hefty surcharges on popular SUVs – Kansas City, Missouri

    Kansas City, Missouri 2021-10-05 11:30:27 –

    The pandemic home market has forced many homebuyers to pay far more than the list price of a home. This was unprecedented 10 years ago.

    Car buyers are now facing the same surcharges for popular new SUVs, pickup trucks, and even sports cars.

    Small business owner Paul Johnson was amazed at the $ 10,000 “market adjustment” to the suggested retail price of his new Cadillac Escalade.

    “When I asked about the price, they showed me what the sticker was, and I saw them add another $ 10,000 on top of the sticker,” he said. ..

    He hadn’t seen anything like that in buying a new car for years.

    “They told me that it was so high demand that they could get for the car,” he said.

    Johnson does not want to name the dealer to avoid damaging the relationship with the dealer.

    He finally negotiated a few things, but still far exceeded the price of the sticker.

    “It’s really insane,” Johnson said. “You pay the sticker, don’t negotiate, and if you don’t like it, they’ll sell it to the next person.”

    I couldn’t find a new car dealer who is willing to talk publicly about the extra charges.

    Can I avoid this extra charge?

    But according to the car website, the best way to avoid encountering this situation at this time iSeeCars.com, Postponing the purchase of the most in-demand new cars, such as the Jeep Wrangler and full-size 3-row SUVs.

    “Small cars, economy cars, traditional sedans, they haven’t been hot for years,” said Karl Brauer, senior analyst. iSee Cars. “So if you want to save money, you want to go there.”

    Of course, the other option is to buy a model three years ago, but their price can be about as high as the price of a new car.

    According to Brauer, the vehicles with the highest average markup as of September 2021 include:

    • 4-Door Jeep Wrangler: Up to $ 9,000 on a sticker.
    • GMC Yukon (with GM Tahoe, Suburban, Escalade): $ 7,000 on the sticker.
    • Kia Telluride: $ 5,000 from stickers.
    • Hyundai Palisade: $ 4,000 on the sticker.

    Surprisingly, research shows that some sports cars, especially the Chevrolet Corvette and Ford Mustang, are in short supply and are sold above the sticker price.

    iSeeCars states that stickers are only “recommended” prices and are not price cuts.

    That is the abbreviation for “S” in MSRP.

    Dealers expect supply of new cars to improve slightly this winter, when fewer people buy cars, but parts shortages and high prices are expected to continue next year.

    As always, don’t waste your money.

    ______________________

    Don’t Waste Your Money “is Scripps Media, Inc. (“Scripps”) is a registered trademark.

    Like John Matarese Money on Facebook

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    Follow John on Twitter (@JohnMatarese)

    For more consumer news and money-saving advice, visit www.dontwasteyourmoney.com
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    Car shortage leads to hefty surcharges on popular SUVs Source link Car shortage leads to hefty surcharges on popular SUVs

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