Markups are like an infestation of the car market that no one wants to get rid of. Or an STD. Either way they’re bad. You know it and I know it. But like the “Fast and Furious” movies, they keep happening. We’ve now reached a point where dealers are marking up cars they don’t even have yet. Take a Dallas area Lexus dealer who’s planning to markup the all-new GX when it hits their lot.
Now remember, Lexus dealers don’t even have the 2024 GX yet. If you do a search on any car-buying site, you’ll find plenty of stock of the outgoing generation of the GX; there’s even some brand-new 2022 models sitting around. But there are no ’24s yet.
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