These new cars have the greatest price hikes – WIAT – CBS42.com

Production shutdowns and supply chain issues from the ongoing microchip shortage have drastically lowered new car inventory. As demand continues to outpace the supply of new cars, dealers have reacted to market conditions and are pricing certain new cars well above MSRP (Manufacturer’s Suggested Retail Price) to make a higher profit on specific models, even as their total sales volume falters due to restricted new-car production.

A recent iSeeCars.com analysis of 650,000 new car listings found the average new vehicle is priced 10.5 percent above MSRP, but some vehicles are more overpriced than others.

Here are the cars that are currently priced the most above their sticker price:

The vehicle with the highest increase is the Jeep Wrangler, which is 31.6 percent or $10,621 over MSRP. It’s joined by its pickup variant, the Jeep Gladiator and its four-door version, the Jeep Wrangler Unlimited. The Jeep Wrangler and the Jeep Wrangler Unlimited are among the cars that hold their value…

Read Full Story: https://www.cbs42.com/news/national/these-new-cars-have-the-greatest-price-hikes/

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