Monday, July 7, 2025
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result
4 Out Of 10 New Car Buyers Would Pay 12-Percent Markup: Study

4 Out Of 10 New Car Buyers Would Pay 12-Percent Markup: Study

by admin
May 19, 2021
in Market
0 0
0
Share on FacebookShare on Twitter



For individuals who’ve been dwelling on Mars the previous few months, it is best to know there is a world scarcity of pc chips. It is affecting just about each business that requires chips in its merchandise, however the auto business is basically taking it on the chin. We have already seen manufacturing cuts and delays from quite a few producers, and that is driving up costs at dealerships. Apparently, a very good chunk of consumers are keen to just accept that.

In actual fact, a report from Cox Automotive states that near 50 p.c of recent automobile consumers are ready to pay a modest premium over MSRP to get their new trip this 12 months. The report cites analysis from Kelley Blue E book (a part of Cox Automotive) carried out over the last week of April, revealing that 4 out of 10 consumers would pay a 12-percent premium over sticker value to get their new automobile proper now as an alternative of ready for higher days. Primarily based on the typical new automobile value within the US of round $41,000, that equates to a $5,000 markup.

The research additionally exhibits that consumers are properly conscious of the present scenario. 87 p.c of these surveyed knew in regards to the chip scarcity, whereas 73 p.c have been anticipating to see larger automobile costs because of this. Clearly, not all of these persons are keen to pay that further value, however on the similar time, the research says 23 p.c will not pivot to the used market. Nevertheless, 37 p.c of consumers are keen to delay their buy till the market is best.

Both means you slice it, the approaching months will not be good for both new automobile consumers or automakers. Widespread disruptions in manufacturing may result in income losses within the billions for main manufacturers. On the retail facet, consumers will face restricted choice and a excessive chance of upper costs, particularly on common fashions.



Source link

Tags: 12PercentBuyersCarMarkuppayStudy

Related Posts

More Power, More Driven Wheels, More Money
Market

More Power, More Driven Wheels, More Money

July 2, 2025
The BMW M5 Wagon Is Already Getting More Expensive
Market

The BMW M5 Wagon Is Already Getting More Expensive

June 28, 2025
The 2026 Kia Seltos Is Cheaper Because of This One Change
Market

The 2026 Kia Seltos Is Cheaper Because of This One Change

June 29, 2025
Stellantis Boss Tells Employees to Stop Describing Themselves as Former FCA or PSA Workers
Market

Stellantis Boss Tells Employees to Stop Describing Themselves as Former FCA or PSA Workers

June 26, 2025
Affordable Used Cars are Disappearing
Market

Affordable Used Cars are Disappearing

June 27, 2025
Toyota’s Prices Are Going Up
Market

Toyota’s Prices Are Going Up

June 23, 2025
Load More
Next Post
Dodge Durango SRT, Ford F-150 Lightning and why we like physical controls | Autoblog Podcast #678

Dodge Durango SRT, Ford F-150 Lightning and why we like physical controls | Autoblog Podcast #678

Aeva announces customer deal; shares soar even after results disappoint, Auto News, ET Auto

Aeva announces customer deal; shares soar even after results disappoint, Auto News, ET Auto

Categories

  • Auto News (3,398)
  • Automative Reviews (1,921)
  • Car Brands (2,047)
  • Insurance (3,418)
  • Market (1,599)
  • New Cars (2,142)
  • Technology (2,013)
  • Videos (2,124)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • Dubai to launch autonomous vehicle trials; full self-driving car rollout scheduled for 2026, ET Auto
  • Mahindra says ute, one new SUV per year coming
  • 2025 New Mahindra Scorpio Classic S Base🔥नई ऑन रोड किमत के साथ
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In