By on February 23, 2022

hyundai-sonata-eco-grille logo

With dealers having spent the last 12 months placing egregious markups on automobiles, it has become a seller’s market, to say the least. New vehicle transactions are currently averaging $6,000 more than they would have been in the previous annum. But prices had already climbed by $3,000 (year-over-year) in 2020 due to production shortfalls, encouraging fleet managers to scoop up every used vehicle they could find until secondhand cars became likewise overpriced.

It’s an abysmal situation for consumers and automakers have begun to realize they’ll be getting blamed if something isn’t done. As a result, we’ve started to see manufacturers publicly chiding showrooms for placing lofty “market adjustments” on new automobiles. Ford Motor Co. and General Motors have both made formal declarations that they’ll be penalizing dealers who issue ludicrous markups on products wearing their emblems, with Hyundai Motor Group issuing similar threats to greedy retailers this week.  (Read More…)

Recent Comments

  • DenverMike: High fuel prices will have an effect on all segments, but fullsize pickups are safe, if not protected....
  • Garrett: Having driven a TLX Type S, I can tell you that it’s a real hoot to drive. So much so that it was enough to...
  • Lemmiwinks: Strange business, that.
  • CKNSLS Sierra SLT: jimmyy The state in which I live (Utah) a small sedan would be beyond a joke for the families here.
  • bumpy ii: “Stutz also made a six-door armored funeral sedan out of the Bear” Seems to me the armor would...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber