Auto customers flabbergasted to see jacked-up car prices at dealerships amid inflation, auto industry crisis: ‘We are going to be like Cuba soon’
Forty-three percent — that’s how much some car dealerships are reportedly jacking up their MSRPs amid today’s auto industry crisis and ongoing inflation.
A Saturday report from the New York Post detailed several visits to area dealerships in which salespeople were marking up the prices of vehicles in order to make up for money lost due to low inventory, supply chain issues, and inflation under President Joe Biden.
The outlet reported that a New Jersey dealership was selling a 2021 Ford Bronco for $49,855 earlier this month — a “market adjustment” of approximately 43% over the MSRP of $34,855.
The same dealership was also selling a special order color Bronco for $62,970 — a 66% increase over the MSRP of $37,790. On the special order Bronco’s window sticker, a handwritten note read that the dealership added $15,000 for “upgrades” and another $10,000 for what the dealership was calling a “market adjustment.” – READ MORE
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