'Out of control': Buyers paying thousands over sticker price for new cars
ABC News
Looking to buy a new Kia Telluride sport utility vehicle? Expect to pay $48,509 -- more than $3,700 above the manufacturer's suggested retail price.
Luxury SUVs like the Range Rover ($117,890) and Cadillac Escalade ESV ($102,584) are selling for $3,000 to $6,000 over MSRP, according to Edmunds, which compiled a list of the top 10 vehicles with the largest market adjustments in the fourth quarter of 2021.
Markups on sports cars are even more dramatic: dealers are asking (and getting) 5% over MSRP for the Corvette Stingray ($86,511) and 8% for Ford Mustang Shelby GT500 ($91,611).
"People are accepting these prices without complaining ... they're going with it and making the plunge," Jessica Caldwell, Edmunds' executive director of insights, told ABC News. "Dealer markups are happening all over the board. Manufacturers don't really have control over it."
