New and used car prices are declining, however, the markups aren’t over yet, especially for hot new vehicles. That being said, it isn’t F-150s and RAV4s getting market adjustments over sticker anymore. According to iSeeCars, it’s a pretty diverse group of vehicles including Cadillac sedans, Genesis SUVs and, believe it or not, two flavors of Jeep Wrangler.
The most marked-up car, according to the study, is the Genesis GV70, which has an average markup hovering around 27.5%. It’s followed by the Jeep Wrangler at 23.9%, and the Mercedes-Benz GLB at 22.9%. The rest of the cars on the list are all marked up by around 20%. They include both the Cadillac CT4-V as well as the CT5 and the Porsche Taycan, three sedans you may not have expected to see.
Another Porsche, the Macan, rounds out the list alongside a second Genesis, the larger GV80, and the only Japanese car on the list, the Lexus RX 350h. For reference, the average markup nationally on a new vehicle currently sits at around 8.8%, according to the study.
Along with the most marked-up vehicles, the study also provided a smattering of vehicles that are now slightly discounted or not marked up at all on average. That list is below. In short, it’s an eclectic mix. Everything from the Cadillac Lyriq to the Mazda CX-9 is present, although many of the vehicles are lower-end offerings from General Motors, like the Chevrolet Malibu and Traverse, and the Buick Envision.
If you’re trying to get a deal on a car, you should seek out a full-sized pickup, a Volkswagen Arteon, or a Cadillac Lyriq. They’re very cross-shoppable, I assure you.
What’s interesting to me about this list is that we don’t see any enthusiast cars like the Z06 Corvette, which has been noteworthy for its huge markups. The study’s methodology excludes”Heavy-duty vehicles and low-volume models,” however, which may be why we’re not seeing things like Hummer EVs or other similar new cars that are being produced in small numbers.
Got a tip or question for the author? You can reach them here: peter@thedrive.com