Americans can once again buy cars for less than sticker price. But that doesn’t mean they’re finding bargains at their local dealerships. A year ago, record tight inventories meant 80% of buyers were paying more than the manufacturers’ suggested retail price , or sticker price, according to data from Edmunds. For decades, car buyers had been able to negotiate a discount. Today, only 36% of buyers are paying above sticker.
Cheaper models, such as compact sedans, are still in very short supply, especially since General Motors, Ford and Chrysler parent Stellantis have more or less pulled out of those markets. Asian automakers that still make the cheaper car models also have some of the tightest inventories. “Just try to find a Civic,” said Michelle Krebs, senior analyst for Cox.
Still overpaying by and average of 1800 dollars
Surprised that anyone is paying the sticker price! I never have.
Reminder - DEMOCRATS destroyed the country!
Corporate greed
Get ready for one of the worst economic crisis’ of all time solely caused by the actions of the Biden admin. 6 months or so away. Watch all the mass layoff starting…well today. Great job left.
All well and good but when you finance the car the rate is 8% with good credit
Good news for us
Toyotathon is a truly magical time
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