Edmunds report finds car shoppers’ perceptions lead to sticker shock

Sep 13, 2024 · In addition, 76% of shoppers said the highest interest rate they’d be willing to accept for a used-vehicle purchase was between 0 and 4.99%, when in the real world, …

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Edmunds Report Finds Car Shoppers’ Perceptions Lead To Sticker Shock

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Sep 13, 2024 · In addition, 76% of shoppers said the highest interest rate they’d be willing to accept for a used-vehicle purchase was between 0 and 4.99%, when in the real world, …

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Car Affordability Concerns Won’t Go Away Anytime Soon, Data Shows

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Sep 16, 2024 · The report found three out of four used car shoppers are targeting an interest rate between 0 and 5%, but six out of 10 car buyers who financed a used vehicle purchase in July …

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Sticker Shock Jolts Consumers

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Sep 23, 2024 · It’s a new round of sticker shock. Consider survey findings from Edmunds, an automotive data provider and online marketplace. Nearly 50% of new-car shoppers said they’d …

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New Car Shoppers Face Harsh Price Reality, Report Finds | Insurify

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Nov 19, 2024 · Surveyed car shoppers looking to spend $35,000 or less on their next vehicle face average transaction prices over $47,000, according to an Edmunds report.

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Sticker Shock: 80% Of Car Buyers Now Paying Above Suggested …

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Feb 19, 2022 · In perhaps the most striking sign of the change in new car pricing, 80% of new car buyers in January paid more than manufacturer’s suggested retail price, or MSRP, according …

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82% Of Car Buyers Paid Above Sticker Price For New Vehicles In …

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Mar 30, 2022 · A record 82.2% of car shoppers paid above sticker price for a new vehicle in January, according to a new report from Edmunds.That's compared to just 2.8% one year ago, …

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Car Shopping During The Chip Shortage: Edmunds Experts Offer …

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According to the car shopping experts at Edmunds, the percentage of consumers who paid above sticker price for a new vehicle climbed to 12.7% in April 2021, compared to 11% in March …

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Shopping For A Used Car? Prepare For Sticker Shock - The Balance

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Jul 1, 2021 · Buyers paid an average of $25,410 for a used car or truck in the second quarter (between April and June), according to Edmunds—the highest price since the car-shopping …

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Car Buyers Trade In Haggling For Sticker Shock - NBC News

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Feb 18, 2022 · Car buyers trade in haggling for sticker shock In January, 82.2 percent of buyers paid an average of $728 above the MSRP for new cars. Cars are displayed for sale in Santa …

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Auto Financial Group On LinkedIn: Edmunds Report Finds Car …

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🏦3 out of 4 used car shoppers are targeting an interest rate between 0 - 5%, but 6 out of 10 car buyers who financed a used vehicle purchase in July agreed to an interest rate between 6 and …

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FAQs about Edmunds report finds car shoppers’ perceptions lead to sticker shock Coupon?

Are you experiencing sticker shock when buying a new car?

As if buying a new car in today’s supply-constrained market wasn’t hard enough, this year, many shoppers are experiencing sticker shock when they realize that the car they wanted has a price tag well over the manufacturer’s suggested retail price. (AP Photo/David Zalubowski, File) Copyright 2022 The Associated Press. All rights reserved. ...

How many car shoppers paid above sticker price in January?

A record 82.2% of car shoppers paid above sticker price for a new vehicle in January, according to a new report from Edmunds. That's compared to just 2.8% one year ago, and 0.3% two years ago. ...

Is AutoNation paying over sticker price?

AutoNation (AN), the nation’s largest car dealership, just reported record quarterly and annual profits Thursday, even though it sold only 2% of the new cars above MSRP in 2021. It did so by selling cars at or near sticker price far more often than in the past. But many car buyers are upset with the idea of paying over sticker price. ...

Is there a disconnect between a new car and sticker price?

New data from Edmunds shows there is a disconnect between what consumers expect to pay for a new vehicle and the average sticker price today. (Scott Olson/Getty Images / Getty Images) ...

Did new car buyers pay more than sticker price in January?

More than 80 percent of new vehicle buyers paid more than sticker price in January — a nearly 30-fold increase from a year ago, according to a recent analysis by Edmunds. “Think back two years ago,” said Dave Gardner, executive vice president of U.S. operations for Honda. “When did you ever hear of cars selling MSRP? ...

Why are used car prices going up?

But the biggest factor behind the price increases is the shortage of cars. The only good news for car buyers is that used car prices are going up even faster than new car prices, due to an even tighter supply of vehicles in that market. The average value of a trade-in has increased $8,000 in the last year, according to Edmunds. ...