What are the most expensive new cars in New York?

STATEN ISLAND, NY — New Yorkers looking to buy a new car can expect to pay well above the expected price, with some vehicles nearly 25% overvalued.

With new vehicle production slowing around the world due to ongoing microchip shortages, lower inventory levels have led to higher prices for consumers.

A new study from iSeeCars.com, an automotive research firm, found that new cars in New York are currently trading above their expected price points, making it difficult for potential buyers to find a good deal.

“Dealers have responded to market conditions by pricing cars above MSRP, earning a higher profit on specific models to help offset lower sales volumes from restricted new car production,” said Karl Brauer, Executive Analyst at iSeeCars.

The study analyzed New York State vehicle sales records beginning in September and found that, on average, these vehicles are trading 10.2% above manufacturer’s suggested retail price (MSRP), making that buyers pay approximately $4,140 more than expected.

Some new car models have been disproportionately affected by rising prices, with certain vehicles currently trading 20% ​​more than their New York sticker price.

Here’s a look at the five most expensive new cars in New York.

1) Jeep Wrangler

  • Percent above MSRP: 24.9%
  • Dollars above MSRP: $8,786

2) Ford Bronco

  • Percentage above the RRP: 24.4%
  • Dollars above MSRP: $9,830

3) Ford Maverick (Hybrid)

  • Percentage above the RRP: 22.1%
  • Dollars above MSRP: $5,170

4) Genesis GV70

  • Percentage above the RRP: 21.4%
  • Dollars above MSRP: $9,767

5) Chevrolet Corvette

  • Percentage above the RRP: 21.1%
  • Dollars above MSRP: $17,197
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NATIONAL NUMBERS

In addition to state-specific data, the researchers analyzed the nation’s record sales of 1.9 million new vehicles to determine the most expensive cars nationwide.

“In today’s market, consumers are willing to pay well above sticker prices for new cars because inventory is so tight and because they know new car prices aren’t expected to improve until 2023 at the earliest.” Brauer said.

Here’s a look at the 10 most expensive new cars across the country.

1) Jeep Wrangler

  • Percentage above the RRP: 24.4%
  • Dollars above MSRP: $8,433

2) Porsche Macan

  • Percentage above the RRP: 23.1%
  • Dollars above MSRP: $14,221

3) Genesis GV70

  • Percentage above the RRP: 22.4%
  • Dollars above MSRP: $10,278

4) Lexus RX450h

  • Percentage above the RRP: 21.9%
  • Dollars above MSRP: $10,847

5) Ford Bronco

  • Percentage above the RRP: 21.6%
  • Dollars above MSRP: $8,697

6) Unlimited Jeep Wrangler

  • Percent above MSRP: 20.0%
  • Dollars above MSRP: $8,877

7) Cadillac CT5

  • Percent above MSRP: 19.9%
  • Dollars above MSRP: $8,335

8) Porsche Cayenne

  • Percentage above the RRP: 19.6%
  • Dollars above MSRP: $16,750

9) Chevrolet Corvette

  • Percentage above the RRP: 19.5%
  • Dollars above MSRP: $14,697

10) Mercedes-Benz GLB

  • Percent above MSRP: 19.0%
  • Dollars above MSRP: $7,650

Two of the 10 most expensive new cars on the market are made by Jeep. Experts say these vehicles are likely to continue to sell well, despite recent price increases.

“The Jeep Wrangler and Jeep Wrangler Unlimited are among the best-retaining cars due to their ruggedness and enduring popularity, which is why car buyers will pay more for new versions that are in short supply on new car lots.” Brauer said. he said.

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