Markups are like an infestation of the automobile market that nobody desires to do away with. Or an STD. Either manner they’re unhealthy. You comprehend it and I do know it. But just like the “Fast and Furious” films, they preserve taking place. We’ve now reached some extent the place sellers are marking up vehicles they don’t even have but. Take a Dallas space Lexus supplier who’s planning to markup the all-new GX when it hits their lot.
Now keep in mind, Lexus sellers don’t even have the 2024 GX but. If you do a search on any car-buying web site, you’ll discover loads of inventory of the outgoing technology of the GX; there’s even some brand-new 2022 fashions sitting round. But there aren’t any ’24s but.
The unknown particular person posted the anticipated markup on Dallas’s Craiglist of all locations. In the sparse itemizing, it says the supplier has an Eminent White Pearl GX 550 with Palomino (tan/brown) inside coming in late March or early April. Selling worth? A cool $105,000, a wild markup.
Just how wild? Using the temporary description offered within the itemizing, A 2024 GX 550 Luxury begins at $77,250 together with vacation spot. The Eminent White Pearl paint is one other $500. Just with these two choices you’re at $77,750. Without understanding some other choices, this supplier is charging a markup of $27,250.
What bothers me about all of that is simply how sketchy this complete factor is. There are simply two Lexus dealerships within the Dallas space, and in accordance with our resident automobile shopping for knowledgeable Tom McParland, each are fairly good, a lot in order that it will be bizarre if one among them have been behind this. While it’s not unusual to put up new vehicles on the market on Craigslist, the vagueness of this might level to this being the work of a rogue salesperson or gross sales supervisor making an attempt to get the drop on some unsuspecting purchaser who simply has to have the brand new GX earlier than anybody else.
What’s extra disturbing is that this in all probability received’t be the worst markup that we see as soon as the 2024 GX begins hitting supplier tons within the subsequent couple of months. But keep in mind, don’t indulge this. Don’t even pay a $1 over sticker. Wait, or don’t purchase one in any respect.
Source: jalopnik.com