BC’s automobile buyers will be shocked after the sticker at the new “market adjustment” fee

garretschoenbergOctober 2, 2022

Many buyers are required to pay hundreds of dollars than advertising prices, in some cases, to pay more dollars than advertising prices, as the demand for new cars exceeds supply.

LiSA Smedman is frustrated to find an affordable economy. Photo by Francis Georgian /PNG

There is a sticker shock, and there is a shock after the sticker.

Many buyers are surprisingly discouraged, as the demand for new cars is exceeding the supply of new cars throughout the North America. I’m starting to notice.

It can be hundreds of dollars or thousands of dollars higher than advertised prices.

Ask Lisa Smedman. She is dissatisfied with finding an affordable economy.

“This nice car salesperson said very sorry. Yes, we have to wear all cars, so we will have an additional $ 2,000,” said smedman. increase.

It was for the low -end Mitsubishi. KIA’s sales representative told her that the price related to the dealer’s markup to MSRP would cost more than $ 3,995.

SmedMan is said to be a “market adjustment fee” fee, and even those who resell the concert tickets may blush.a She, a single mother, is trying to buy an alternative to the current car.

“The new car dealer has always charged transportation costs and document creation fees, but in recent months, the price has been raised further by imposing additional market adjustment fees,” she said. “Simply put, they have a low supply and demand, so they raised their prices without permission.”

A car sold by a Vancouver dealer on October 1st. The supply of cars in North America as a whole has surpassed the supply, and many buyers are not aware that the estimated price is not paid. Photo by Jason Pain /PNG

The Group’s president and CEO said that the BC’s New Rapillar Dealer Association (NCDA) did not monitor or comment on cars for the reasons of the competition as an industry group.

“However, depending on the current market conditions and supply chain issues, we are aware that supply is far below supply and demand, and as in other retail products, it has influenced the current retail price of automobiles. “Masu,” said Blair Query.

After all, the second character of MSRP represents “recommended”, and car dealers are independent business.

“(Dealers) may sell vehicles beyond MSRP, according to the current market conditions and manufacturers,” said Qualey.

There aren’t many things that consumers can do, except for shopping or waiting for a more advantageous supply and demand balance.

According to the Director of the Automotive Protection Association (APA), these restrictions that exist in Canada are also applied to the grip sales if they are forced to receive an unreasonable discretionary service as a condition for purchasing a new car. It is said.

“The six states are obligating all -in -price ads by car dealers,” said George Innie. “In other words,” price adjustment “after the pandemic must be included in all advertising prices of the vehicle.”

But BC has no such regulations.

In any case, if the dealer is selling more than the suggested retail price, INY says that the manufacturer’s explanation is “obviously inaccurate.”

A car sold by a Vancouver dealer on October 1st. Photo by Jason Pain /PNG

He says that some automakers have a policy that restricts sales beyond MSRP, or may provide guidance, and that APA can check with you about individual brand policies. Added.

“Due to restrictions, dealers may add no required additional functions above MSRP, so it seems that dealers’ paperwork seems to be compliant. Of course, that is not what happened on site. “

Complaints reported by consumers to APA include:

• Immediately before the tax, the dealer applied a document or additional dealer price increase at the end of the sales contract.

• Dealers expenses that were verbally transmitted as document fees.

• The dealer demanded a trade -in to complete the sales, but did not list the ads.

• The dealer requested customers to raise the purchase of the dealer who pays the rebate, but the advertisement does not stated that.When

• After the transaction was established, the selling price or loan interest rate jumped up.

“And if the interest rate on the car manufacturer’s website is a vehicle ordered six months ago and does not apply to the vehicle ordered today, the information is misleading.” He says.

Smedman wants others to know how consumers can get on.

“After a month’s shopping, I’m ready to give up and cry,” she said, “I wanted to believe that there are car dealers who are dealing with potential customers properly. , It seems that the stereotype has been confirmed. “

Gordmcintyre@postMedia.com

Twitter.com/gordmcintyre

More news, less ads: Our in-depth journalism is possible thanks to the support of our subscribers. For just $3.50 a week, get unlimited add-on access to The Vancouver Sun, The Province, National Post and 13 other Canadian news sites. Subscribe now and support us: The Vancouver Sun |