Bought a new car lately? Today, new cars have priced an average of 8.8 percent above MSRP nationally, even after improving supply chain issues and paying higher interest rates on vehicle loans.
In this episode, producer Phil Tower chats with Karl Brauer, executive analyst for ISeeCars.com.
Locally, a recent iSeeCars study also found that the average new car in the Grand Rapids metro area is priced at nearly 8% or $3,104 above MSRP.
The study analyzed over 12 million new car listings from February 2022 through February 2023, looking at the average list price of new cars and comparing it to MSRP. Karl helped break down the five vehicles with the highest markups over MSRP in the Grand Rapids-Kalamazoo region.
The #1 highest over-sticker vehicle shouldn't surprise you!
Helpful links:
ISeeCars.com Study
Karl’s website Karl On Cars:
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