Hyundai Is Latest Automaker Fed Up With Ridiculous Dealership Markups

[bmc000]

Though not Telluride or Kia specific, good to see Hyundai potentially taking these actions. Let's hope Kia follows suit.

MSN

 

[Hangfire]

Nice to see them acknowledge the issue. Now let's see if they actually do something about it.

 

[Wolfgray05]

Popular models like the Hyundai Palisade and Ioniq 5 EV are in sharp focus with this particular issue — with the former commanding $10,000 in markups (and sometimes much more). Among the brands listed in the transaction price report, sister brand Kia commanded the highest premiums, thanks in no small part to the Telluride.

 

[JAM]

I emailed a North American Kia exec respectfully containing my thoughts about order allocation to high volume dealers with huge markups. Obviously not expecting a reply but made me feel better.

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[Tellmeride]

I emailed a North American Kia exec respectfully containing my thoughts about order allocation to high volume dealers with huge markups. Obviously not expecting a reply but made me feel better.

C-Suits... well, most people for that matter, don't check their spam folders.

 

[JAM]

C-Suits... well, most people for that matter, don't check their spam folders.

I had an issue with Amex’s rental car coverage where they started charging for zip-car without notice. I had $100s of useless charges on my card. No amount of complaints did anything. I spoke with several people on the phone and email. Nothing. I then wrote a long extremely detailed letter which explained why their new policy was wrong and how according to their TOS I was 100% entitled to my money back. I sent it to the whole C-Suite. I also physically mailed it.

A few days later I get a voicemail from a person I had talked to previously. A person who previously told me in no uncertain terms that I was wrong. Well this time I was told that my money was refunded, and everyone in the country who was charged under their new policy was also refunded. I’m not sure if my letter did it, but the timing was spot on.

 

[ritholtz]

i got a text from hyndai MecKenny,TX dealer for Paleside limited asking $8900 Mark up over MSRP. Final price is $56k. Mark up's are for some ugly black coating over nice front grill edges and machined wheels.

 

[Patsfan29]

i got a text from hyndai MecKenny,TX dealer for Paleside limited asking $8900 Mark up over MSRP. Final price is $56k. Mark up's are for some ugly black coating over nice front grill edges and machined wheels.

Unreal. I got an insider offer for a 22 SX, non prestige, non nightfall for 64k. I passed and instead placed my ordered with Fowler and am picking up a 22 SX-P Nightfall for MSRP saving 13k. Crazy times

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[BubbaSmithTX]

i got a text from hyndai MecKenny,TX dealer for Paleside limited asking $8900 Mark up over MSRP. Final price is $56k. Mark up's are for some ugly black coating over nice front grill edges and machined wheels.

I have also spoken to the Hyundai dealer in McKinney, TX (I live fairly close to there) and received the same type of quotes... about 9k above MSRP. It's ridiculous. Now I wish I hadn't passed on the msrp Palisade I was offered late last year. Been waiting over 5 months now for my Telluride order to even be picked up.

 

[ritholtz]

I have also spoken to the Hyundai dealer in McKinney, TX (I live fairly close to there) and received the same type of quotes... about 9k above MSRP. It's ridiculous. Now I wish I hadn't passed on the msrp Palisade I was offered late last year. Been waiting over 5 months now for my Telluride order to even be picked up.

Hi Smith,
I also ordered Telluride EX FWD (GG and Gray interior during 1st week of 12/22) with Kia at Huffines Corinth. I think, you ordered few weeks earlier than me. I am still torn between AWD and FWD. But i ordered FWD. Wondering if it is possible make changes to order to 2023 with AWD.

 

[BubbaSmithTX]

Hi Smith,
I also ordered Telluride EX FWD (GG and Gray interior during 1st week of 12/22) with Kia at Huffines Corinth. I think, you ordered few weeks earlier than me. I am still torn between AWD and FWD. But i ordered FWD. Wondering if it is possible make changes to order to 2023 with AWD.

I ordered the Nightfall and AWD with trailer package. I have second guessed myself on that due to my order still not getting picked. I have wondered if adding the trailer package had put me further down the list. I don't want to change anything because I don't want my now 5 month wait time would be for naught. I think that if you changed yours, it would put you in for a 2023.

 

[gman1868]

C-Suits... well, most people for that matter, don't check their spam folders.

They don't read any emails unless their assistant decides it's worth sharing with them.

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[ritholtz]

I ordered the Nightfall and AWD with trailer package. I have second guessed myself on that due to my order still not getting picked. I have wondered if adding the trailer package had put me further down the list. I don't want to change anything because I don't want my now 5 month wait time would be for naught. I think that if you changed yours, it would put you in for a 2023.

Did you get any update from them. Their shop code is TX026 on failcat. Also, when i customize KIA showing some cars available at dealers for a change.

 

[ritholtz]

I ordered the Nightfall and AWD with trailer package. I have second guessed myself on that due to my order still not getting picked. I have wondered if adding the trailer package had put me further down the list. I don't want to change anything because I don't want my now 5 month wait time would be for naught. I think that if you changed yours, it would put you in for a 2023.

Hi,
Did you get your Car from Huffines, Carinth. I have placed in Nov,21. Nothing so far. I hope they at least give back my deposit.

Thanks