- Average new car sticker prices have risen 7.4 percent from $39,712 last June to $42,645 this June.
- On top of that, dealers are still charging an average of $4,000 above that MSRP.
- Here are the vehicles priced the highest above sticker, ranging from between 17% and 30% more.
It’s no secret that many cars aren’t exactly affordable today, as new vehicles had an average sticker price of $42,645 in June. And for certain makes and models of cars, it doesn’t stop there — hefty markups are still tormenting today’s buyers.
Dealers tacked on an average of $4,000 in markups to vehicle Manufacturer’s Suggested Retail Prices in June, bringing the average price up 8.5% to $46,265, according to automotive research firm iSeeCars.com.
But some vehicles are getting marked up by as much as 17 to 30%.
It’s part of an affordability crisis that has car payments averaging more than $700 this year and more than 17% of consumers paying more than $1,000 a month, according to Edmunds. But even with increasing interest rates, rising monthly payments, and more car loan rejections, there’s still strong demand for new vehicles.
See the 20 vehicles priced the highest above sticker price, per iSeeCars: