The New Car Brands Being Market Up the Most
As the end of the year comes to an end, the new car brands list there a new version of their car. Since we are currently in a chip short there is a market clearing price. Market clearing price is the price at which the demand for a good by consumers is equal to the number of goods that can be made at the price. Since there is no balance there hasn’t been a marketing clearing price. This article questions the buying of new cars in this type of economy because of how expensive it is and plus in current chip shortage.
New cars for example like Kias are in really high demand and the ATP is getting higher each much with an average ATP 2,289 higher than in January. Westbrook writes “The industry average MSRP is now up to a whopping $44,989 according to Edmunds, and industry average ATP is above that, at $45,717. That leaves the industry average markup at $728 over MSRP, which isn’t a lot of money compared to the average MSRP, but it’s still more than you should be paying.” Since we are in a chip shortage and there is no clear marking price we can see these levels continue to rise if there doesn’t become a balance between consumers and producers. Hopefully, we can see a balance start to happen soon so cars don’t start to become more expensive.
https://vnexplorer.net/?#price-gougers-the-new-car-brands-being-marked-up-the-most-s324958.html
https://vnexplorer.net/?#price-gougers-the-new-car-brands-being-marked-up-the-most-s324958.html