'Out of control': Buyers paying thousands over sticker price for new cars

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'Out of control': Buyers paying thousands over sticker price for new cars
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Looking to buy a new Kia Telluride sport utility vehicle? Expect to pay $48,509—more than $3,700 above the manufacturer's suggested retail price.

Looking to buy a new Kia Telluride sport utility vehicle? Expect to pay $48,509 -- more than $3,700 above the manufacturer's suggested retail price.

In December, consumers paid on average $709 more than the suggested transaction price, Caldwell said, noting that the upward march in prices really took hold in August.And markups are impacting nearly 90% of car buyers, according to one estimate, forcing some automakers to threaten a dealer crackdown.It's the Mercedes-Benz G-Class, the boxy, ultra-luxe ute driven by celebs and socialites, that may be the most extreme example of dealership markups.

"You get a lot of performance [in the GT3] which a lot of people will not use at all ... but people want the performance," Van Hengst said."The internet makes it seem like it's the most desirable Porsche of all." Steve Carlisle, president of GM North America, addressed customer interest for the upcoming Corvette Z06, Chevrolet Silverado EV, GMC Hummer EV, GMC Sierra EV and Cadillac Lyriq"Unfortunately, it has come to our attention that in connection with some of these announcements and launches, a small number of Dealers have engaged in practices that do not support a positive sales experience for our customers.

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