I know that all of the manufacturer's Honda, Toyota, Kia. Also, every new car sold in the USA is being pushed to a $30k to 60k unit price. This is an engineered manipulation of the automotive marketplace to produce the highest profits ever seen in this market segment. Many new cars that sold far below MSRP when purchased new are now selling way above MSRP as a used car. You will notice that they have all increased prices on new and used cars systematically in the last 12-18 months. It is sad that what should be a seamless, honest process has been co-opted into a scam.Īll of these car review companies like KBB and Edmunds have been purchased by big monied interests in the automotive industry. XL, XLT lower end trucks) or vehicles that are $20,000 more than the Edmund's price. I assume between "good price" and "great price" there is not a category for "outrageously overpriced"!Įvery day I get, "new matches for your car search" and every day it is the same: vehicles that do not "match" my request (i. Guess what? Every dealer has the same truck only starting at $70,000! That price is not even on the Edmunds curve. Edmunds tells me, with the features I want, that the price should be between $50,000-$58,000 depending on features. In my case, I have been looking for a 2020 Ford F-250 Super Duty Pick-Up Short Bed in the Lariat Package. In fact, even when provided the right VIN number it is always in transit! To add insult to the string of phony baloney, instead of providing the vehicle you selected during the on-line process, your email is filled with models that do not match what you requested. There is a catch: the vehicle as priced is never available. Then daily (sometimes even more) Edmunds pushes your selected vehicle with admonitions such as "test drive this before its gone" and "your selected vehicle is here". It then directs you to the dealer's site, forwards your information to the dealer so the harassing calls, texts and emails can start pouring in. Edmunds even gives you an imaginary "price paid by others," for the same vehicle telling you what is a good, fair or even great price. But they have figured out a way to upsell using the internet through the supposed services provided by Edmunds.Įdmunds allows you to define you vehicle search and then "connects" you with dealers. Your actual five-year cost of owning a particular vehicle will vary depending on your personal circumstances, such as your driving history and the number of miles you drive.įor more information about TCO, please see About True Cost to Own® and Revealing the Hidden Costs of Ownership.It is obvious why car dealers cannot stand the internet: it allows consumers to shop around and, in theory, compare prices. Note that TCO is a comparative tool, not a predictive tool. For used vehicles, we assume that the vehicle has been driven 15,000 miles per year from its model year through the current calendar year. In order to estimate certain mileage-dependent costs, we assume that vehicles will be driven an average of 15,000 miles per year. The ownership costs that we estimate include depreciation, interest on financing, taxes and fees, insurance premiums, fuel, maintenance and repairs. The tool makes it easy for shoppers to compare five-year total ownership costs for the different vehicles they are considering so that they can make more informed buying decisions. Edmunds developed True Cost to Own (TCO) to help car shoppers estimate the total five-year cost of buying and owning a vehicle.
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