Monday 1 August 2022 01:42 AM Car buyers are paying up to $10k more than they should be as 'despicable' ... trends now
Car buyers have been told to remain cautious of 'despicable' dealers selling vehicles for up to $10,000 more than what they should be.
New dealerships are driving up the prices of near-new demonstrator models to entice buyers unwilling to wait several months for a new vehicle.
Dealers are taking advantage of dire supply shortages caused by the Covid-19 pandemic and adding up to $10,000 to the cost of cars in-stock.
Industry experts say the limited supply and production of new vehicles coupled with strong demand has seen sellers charge extravagant prices for models in-stock, including demonstrator models with a few hundred kilometres on the clock.
Car buyers have been told to remain cautious of 'dodgy dealers' selling vehicles for up to $10,000 more than what they should be (stock image)
New dealerships are driving up the prices of near-new demonstrator models to entice buyers unwilling to wait several months for a new vehicle (stock image)
Dealerships are charging up to $92,468 drive-away for Ford Ranger models that should actually cost $73,281 drive-away, the Daily Telegraph reports.
The popular Toyota RAV4 hybrid is being sold for an extra $20,000 while Subaru, Kia and Volkswagen dealerships are adding up to $10,000 for some models.
Federal Chamber of Automotive Industries chief executive Tony Weber said the ballooning costs of demonstrator models in showrooms was 'appalling'.
'I think it's despicable behaviour to price gouge people when there is a supply constraint as there is at the moment,' he said.
'It's opportunism and it's something that is just not appropriate.'
Toyota Landcruisers are also in hot demand with a GXL ute selling for$82,000 - some $8,000 above what it would cost to buy new
The tradies favourite Toyota Hilux is soaring on the used market, selling for almost the same price
