If you’ve been putting off buying a new vehicle in hopes of things getting back to normal, we have bad news. As we transition from summer to fall, supply chain issues are still problematic. That means dealer lots are still thin with new cars for sale. And this means that selling prices above MSRP are still quite common.
The latest study from iSeeCars takes a fresh look at the vehicles with the highest average markups over list price. We last looked at these trends in the spring, revealing a national average for all vehicles at 9.9% above MSRP. This has increased slightly to 10%, but as the previous study revealed, some vehicles sell for much more than that.
save more $3,400 on average excluding MSRP* on a new one Jeep Wrangler
The Jeep Wrangler is still at the top of the list, just like it was in the spring. If there’s any good news here, it’s that the percentage to MSRP has fallen to 24.4% from 26.7%. That translates to an average cost of $8,433 above and beyond the sticker price, with the study calling the Wrangler Rubicon 392 the trim level most often hit with a big markup. Curiously, the study lists the Wrangler Unlimited separately, although it still suffers a 20% markup on average.
The Porsche Macan is second on the list at 23.1%, but with its higher MSRP compared to the Jeep, the true cost works out to $14,221. The Genesis GV70 is third at 22.4%, with the Lexus RX 450h at 21.9%. The Ford Bronco completes the top five at 21.6%. That’s $8,697 more than Ford’s average MSRP.
SUVs certainly dominate the list of markups, but there are a few outliers. The Cadillac CT5 registers 19.9% more than the MSRP. The Chevrolet Corvette is another car in demand at 19.5%, which in this case equates to a high premium of $14,697. When it comes to America’s best-selling vehicles, pickup trucks are also rare when it comes to markups. The Jeep Gladiator and Ford Maverick are the only trucks on the list, scoring near the bottom at 18.5 and 18.4 percent.
Get our take on the best cars of 2022 so far in the ride on cars podcast, available below.