#Pricing

Acura has finally announced pricing for the new 2024 Integra Type S and it has predictably come out as more expensive than the Honda Civic Type R with a starting MSRP of $51,995. The Acura offers additional standard equipment, however, and produces a smidgen more power from the 2.0-liter turbo the two models share. Though the over $7,000 pricing premium might make the fancier badge a tough sell, especially these days.

Porsche will reportedly be raising prices between 4 and 8 percent on the European and U.S. markets during the second half of 2023 to cope with higher operating costs noted in its first-quarter earnings announcement. Even so, higher-end brands appear to be doing fairly well at present, and Porsche itself noted that operating profits rose to €1.84 billion ($2.03 billion USD) while revenue increased to €10.1 billion in Q1 — which is about 25 percent higher than they were last year.

With the guidance having come in on the United States’ updated EV tax credit scheme, outlined in the so-called Inflation Reduction Act, we now have a pretty good idea of which electric vehicles still qualify. Stringent content requirement stipulations have certainly culled the roster, however, and helped explain why the automotive sector didn’t have any issues with the government taking its sweet time in making decisions regarding content quotas.

There are only about a dozen models that qualify for the full $7,500 tax credit after April 18th, with a few more being eligible for a partial credit of $3,750.

Blue Oval bean counters have saddled the new-for-’24 Mustang with pricing details. Good news for pony car fans – the numbers are actually realistic.

The average monthly payment for a new car sold within the United States has reached a record $777, according to Kelley Blue Book’s parent Cox Automotive. That represents roughly one-sixth of the median household income and is about twice the price of what would have been considered average in 2019. How the hell has it managed to come to this?

You knew this was going to happen, right? After the crew at Tesla significantly cut its prices, talking heads began wondering how long it would take for others to follow suit. Answer: Not long.

Mr. Guy wrote this morning about Tesla and how it appears that the company's cars are being sold to rental fleets. As most of you know, large fleet sales are often seen as a negative mark on the health of a company and can also tank resale values.

Wholesale used-vehicle prices continued to climb during the last weeks of 2022, though the overall trend actually had secondhand valuations down by 15 percent for the entire year. That’s due largely to auction prices cooling off after the summer ended and the situation has many speculating that 2023 could be the first year we see massively inflated car prices begin to return to normal.

If you’re thinking that an ever-climbing percentage of the average household income is being allocated toward car debt – you’re exactly right. According to third-party industry watchers, the number of notes with a monthly payment of $1,000 or more has risen to record heights.

Happy holidays! Happy new year! Welcome to 2023! Now fork over more for that BMW you want.

BMW Chief Executive Oliver Zipse has said that despite the automaker’s status as a luxury carmaker it would not be abandoning lower-priced segments while it swaps over to electric vehicles. Though the general trajectory for the Bavarian marquee – and the automotive industry in general – over the last several years has been to chase higher margins by focusing on pricier, often larger, vehicles and clever packaging.

With vehicle prices surging over the last two years, the age of negotiating a price below sticker seems to have ended. Manufacturers are raising their rates to cope with inflation. But they’ve also noticed how much abuse they’ve been willing to endure via dealer markups. You rarely hear someone talking about how much they saved on their new car anymore. Now, the topic of interest is how much financial abuse you managed to avoid before driving it off the lot. 

With automotive prices skyrocketing these last two years, you may have found yourself waiting out the market until wealthy business magnates, unaccountable banking institutions, and multinational monopolies have had their way with it – hoping beyond hope that they’ll be a modestly priced car for you to live in when the economic dust finally settles.

But what if you can’t wait that long and need something today? While may not be able to steer you toward the deal of a lifetime, we do know which vehicles you might want to cross off your list thanks to a study targeting mainstream models seeing the highest dealer markups. Though, be warned, you’re still probably better off driving whatever you have today because the national average still has vehicles listed 10 percent above MSRP.

Genesis made a name for itself with value-forward vehicles that bring enough tech, luxury, and performance to beat rivals from Europe and North America. Once part of Hyundai, the automaker has begun electrifying its lineup, so we’re starting to see that brand-building power with a wave of new cars and SUVs. Genesis just announced pricing for its latest EV, the 2023 Electrified G80, which will start at $80,290 after a $1,095 freight and destination charge.

A common knock on dealers these days is the propensity for some of them to slap an asking price over MSRP on what few cars they do actually have in stock or on allocation. We’ll leave discussion of free market practices to the B&B for now but, in the wake of several announcements this summer ahead of the 2023 model year, it seems manufacturers are upping the table stakes before dealers can even ante.