About 2 years ago, I was at Jenkins Honda picking up some maintenance parts from their parts department. By the way, their parts prices were reasonable. On the way out, I walked through the showroom and they had a Civic Type R with a dealer sticker on the window showing $10K additional markup plus a few thousand in other nonsense. They are OK for parts and we did have one recall issue (airbags) handled by them but I would be inclined to go elsewhere for a new car.
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Originally Posted by LateBoomer
so I contact a local dealer (a Jenkins, but they are everywhere) about a particular luxury SUV on their site, that listed a price of about $66,500 (which is higher than the company says the MSRP should be but i get it - different times right now). They said sure come on by.
Now I know there has been some "market adjustments in prices" - but guess what this car LISTED on their site actually cost? $79,500!! and that was BEFORE another $1000 (dealer fee), and taxes, etc. What should have been a $73,000 car after taxes was actually an $85,000 car!
$12,000 markup due to supply and demand.
Of course it's worse. They have a big poster in the sales office - about how their Internet price is "guaranteed" and they pay the average of Kelley BB and Edmunds for trade-ins. We had two trade-ins. Kelley and Edmunds average for clean fairly new cars (both 2020 vehicles) said that we should have got between $54-$55K . they offered a whopping $49K!! so much for higher prices for used cars?
Honestly, I know that inflation was a bit out of control. And dealers could be shady...but glibly adding $12,000 to a new car's price, and under-valuing a used car by thousands?
very shady practices. We decided to sit tight with our existing cars until things are normal again.
are people really paying this much more over MSRP? Never seen it in my life...or is this just a Jenkins thing around here? very very sneaky to add this to the price actually on your website!!
Beware, people!!!
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