Dealership Markup: Check Out 5 of the Worst Stealership Markups We’ve Seen in 2022
Runaway dealership markups are part of the landscape of car buying in 2022. No matter what kind of vehicle you want, you’re likely to experience some sort of markup, especially after the chip shortage and global pandemic. However, some dealership markups are nothing short of jaw-dropping. Check out five of the craziest markups we’ve seen this year, including a $339,999 Hummer EV and a Chevrolet Corvette 3LT.
- GMC Hummer EV
- Chevrolet Corvette 3LT
- Ford Mustang GT500
- Ford F-150
- Honorable Mention: Mini Hardtop
How much does the EV Hummer cost?
The new GMC Hummer EV is far from an economical choice among battery electric vehicles (BEVs). The new Hummer EV Edition 1 MSRP is around $110,295, or well over twice as much as a Chevrolet Blazer EV. However, one Hummer EV got the dealership markup treatment and then some. Jalopnik found a new GMC Hummer EV in Oklahoma with a (gulp) $339,999 pricetag. That level of gouging represents a dealership markup of over 200%.
More recently, new Hummer EVs are far more reasonably priced. Many of the brutish BEVs have a price bump of less than $5,000 over MSRP.
How much is the C8 Corvette markup?
It’s no secret that the Chevrolet Corvette C8 has experienced some serious dealership markups. However, not every markup is the same, and some C8s genuinely shine with their bloated price tags. For instance, a striking 2023 Chevrolet Corvette Stingray 3LT in North Carolina had a dealer sticker of around $119,124. In comparison, the C8 Corvette 3LT should start at $77,845.
As a result, this 3LT packs a nearly 35% price bump. With prices like that, the C8 is hardly the everyday high-speed hero that fans want it to be.
How much over MSRP is a GT500?
Like the C8 Corvette, the Ford Mustang Shelby GT500 is a dealership markup target. Although some of the worst price bloating might have happened early in the S550-generation super Mustang’s tenure, 2022 still hosts some expensive examples. For instance, A 2022 GT500 with 5 miles in Ohio has a $130,048 price tag.
That’s a significant dealership markup, but not as bad as you might think. The 2022 Shelby GT500 starts at $78,215, around $55,000 less than the Ohio example. However, the model in Ohio has the $18,500 Carbon Fiber Track Pack. Still, the markup is an astounding figure.
Is the dealership markup on a Ford F-150 bad?
Ford F-150s and many other pickup trucks have experienced serious dealership markups in the last few years. Specifically, the 2022 Ford F-150 Lariat starts at around $47,640. However, a Lariat in Oklahoma has a sticker showing $138,920. That’s nearly three times the Lariat’s starting price. Unfortunately for fans and necessity shoppers, pickup trucks like the Ford F-150 are a hot commodity.
Honorable Mention: Mini Hardtop
The Mini Hardtop, which offers a trendy EV model in addition to a conventional hatchback, also exhibits some silly dealership markup. According to Gear Patrol, the retro-inspired hatch has an average sales price of $5,426 above MSRP. Considering its $28,250 starting point, Gear Patrol says the Mini Hardtop is averaging an 18.8% markup.
What wild price tags have you seen recently? Leave us a comment below!