With demand for new cars outstripping supply across North America, many buyers are finding, to their surprise and dismay, the price they were quoted might not be the final price they’re asked to pay.Just ask Lisa Smedman, who’s been frustrated in her search for a no-frills economy car she can afford.
Smedman was told it’s a “market adjustment” fee, and it’s one even people reselling concert tickets might blush at trying. A single mom, she is shopping for a replacement for her current car, which has almost conked its final out. “However, we acknowledge that current market conditions and supply-chain issues mean, in some cases, supply is far below demand and is impacting current retail prices on automobiles, just as it is on other retail products,” Blair Qualey said.
There’s not a lot consumers can do, other than shop around or wait for a more favourable supply-demand balance.
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