Looking for a new car? Well, except you need one, now is probably not a good time to make such a large purchase. According to the research team of
iSeeCars.com, the average price of a new car in February 2023 was 8.8 percent higher than the manufacturer’s suggested retail price, or MSRP. wow
Still, that figure is a far cry from the 10.2 percent average price dealers asked for new cars in July 2022.
“The steady trend of dealers asking prices closer to MSRP is slowly closing the gap between them,” noted Karl Brauer, executive analyst at iSeeCars.com.
While the narrowing of this gap seems to indicate that the new car market is cooling, it will still be many months before iSeeCars.com can report that the average new car sales price matches, or even discount, its MSRP. . That said, if you can’t wait to buy a new car, the data suggests it’s best to avoid these 10 vehicles that had the biggest deltas between their average asking prices and their MSRPs as of February 2023.
