$1995 Markup

So that basically will put it with the Sportage on price for less power and options, they better rethink that strategy. I mean if anyone does a little research they are going to find a better value and deal with that mark up.

bicepeak said:

I am hearing from dealers that they are marking up Seltos $1995 over MSRP. (One salesman said his GM gave him permission to wave that)

Wondering how many would pay that just to be the "first on the block" to have a Seltos?

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A dealer here in Central Texas was putting a $5000 markup on the Seltos. After I said "I'll just go shop a Mazda or a Subaru" they waived the markup. I think some dealerships are seeing how popular the Telluride is and they assume the Seltos will be just as popular.

eriamjh said:

A dealer here in Central Texas was putting a $5000 markup on the Seltos. After I said "I'll just go shop a Mazda or a Subaru" they waived the markup. I think some dealerships are seeing how popular the Telluride is and they assume the Seltos will be just as popular.

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Yeah, after that one dealer who waived the markup without me even asking, I haven't heard it from anyone else. I really think the markup is dead.
For sure I would never pay one.

bicepeak said:

Yeah, after that one dealer who waived the markup without me even asking, I haven't heard it from anyone else. I really think the markup is dead.
For sure I would never pay one.

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While I get it that Kia/Hyundai are doing great things as of late with the popularity of their models, they are still not at Honda‘s and Toyota’s level yet to charge markup above MSRP and higher interest rates. Otherwise, consumers may walk away and shop elsewhere like Mazda, Subaru, Nissan and the Honda / Toyota (most popular ones). Besides, the novelty and excitement wears off easily after a few months esp when they start to get a ton of inventory and not a lot of movement in dealer lots...

tekbis said:

While I get it that Kia/Hyundai are doing great things as of late with the popularity of their models, they are still not at Honda‘s and Toyota’s level yet to charge markup above MSRP and higher interest rates. Otherwise, consumers may walk away and shop elsewhere like Mazda, Subaru, Nissan and the Honda / Toyota (most popular ones). Besides, the novelty and excitement wears off easily after a few months esp when they start to get a ton of inventory and not a lot of movement in dealer lots...

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Exactly. I started looking at the Seltos' a couple weeks ago and all I heard was "These are going to sell before they even get to the dealership." Those same cars are now just sitting around waiting to be sold.
It's possible that the Seltos will become super popular and people will start paying markup for them but it's definitely not happening right now.

Dealers here are doing a $3k markup. Each dealer received 3-5 cars, so far only a few have sold. Most are sitting on the lot and not selling w/ markup.

Whiteout said:

Dealers here are doing a $3k markup. Each dealer received 3-5 cars, so far only a few have sold. Most are sitting on the lot and not selling w/ markup.

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Hi Whiteout,
Which city is this?

Purchased my Seltos S Saturday, I think this happened to me. I must have been brain dead.

bicepeak said:

Hi Whiteout,
Which city is this?

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Seattle

NumbNuts said:

Purchased my Seltos S Saturday, I think this happened to me. I must have been brain dead.

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Where do you live?

Whiteout said:

Seattle

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How is the markup listed? Do they give it some fancy name so you might not realize it has been marked up? I am checking on the Kirkland website and not seeing anything.

MMB22 said:

Easiest way would be to price the car on the kia build site and if you see a bunch more added that usually is the tip off. Also you may see added dealer items list where they add a bunch of stuff just to increase the mark up like alarm and tinted etc. See below this is an example of adding a few thousand more for bs stuff that you can get at a fraction of the cost. I love the spare tire one when the it comes with it. They will charge you 300 bucks for a little caution sign to put up in the road. Lol GPS tracker is on amazon for like 78 bucks.

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I know....I positively hate those supplemental stickers that come with all new cars it seems. I have talked to a couple of salesmen who said they would work with me on that but I haven't fully tested their resolve because I am not ready to buy yet.

I just wonder how they list that markup since most dealers let you see the window sticker on their website with the MSRP and existing options on it. Do they give it some fancy name so you don't know what it is?

That security GPS is something that is put on to keep track of the car during shipment for the companies benefit. But rather than removing it when it gets to the dealer, they pawn it off on the customer as a valuable option.

I was shopping this weekend. The Seltos had an additional ADM window sticker for $2500 next to the normal MSRP sticker. It was explained it was because of popularity and small supply. It was waived, should I purchase. I also saw a $3000 ADM for a Tucson too... There was nothing on their sites or published prices including these charges. It was a surprise.

I'm always of the thought that you should pay below MSRP on any vehicle you buy so if it is not below I dont buy. Depends in how bad you want it. I would look at the Kia Sportage for a better deal and features for the money. See if you can get Costco discounts etc.

Well, all my info was from last week. Today when I looked again online the prices are dropping...

Everett: -$2000 under msrp.
( I researched the everett dealership a bit, they are known for doing some add $1000 in required dealer accessories not listed on their website...)
Kirkland: +$180 over msrp
Renton +$200 over
Puyallup: +$180 over
Auburn: +$2700 over
Tacoma: +$250 over
Seattle: +$1400 over

I don't agree with paying more than MSRP ever.

bicepeak said:

Where do you live?

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Pennsylvania, Phila area

bicepeak said:

How is the markup listed? Do they give it some fancy name so you might not realize it has been marked up? I am checking on the Kirkland website and not seeing anything.

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Well, my Seltos was listed at approx. $25,600 not exact. But the additional dealer added about $4000 in ridiculous add on's such as, acorn protection, wind & rain protection (not paint protection), 1st oil change is free, big deal. They did state if I kept getting my service there, I have state inspections for as long as I have the car. Pretty good, but $4000 worth? Maybe I should attach a photo of it. Many of you will have a good laugh. As I stated I must have been brain dead for not making them remove these charges.

NumbNuts said:

Well, my Seltos was listed at approx. $25,600 not exact. But the additional dealer added about $4000 in ridiculous add on's such as, acorn protection, wind & rain protection (not paint protection), 1st oil change is free, big deal. They did state if I kept getting my service there, I have state inspections for as long as I have the car. Pretty good, but $4000 worth? Maybe I should attach a photo of it. Many of you will have a good laugh. As I stated I must have been brain dead for not making them remove these charges.

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Yep.....I really hate those extras listed on the supplemental stickers. I would only buy this car if that was at least greatly reduced. But this is not a markup because of car popularity..... they put that nonsense on ALL new cars.

Maybe the popularity markup is listed on the final paperwork? That is what I would like to see an example of.