Expensive add-ons can push up the price of a new car - ConsumerAffairs
Mark Huffman has been a consumer news reporter for ConsumerAffairs since 2004. He covers real estate, gas prices and the economy and has reported extensively on negative-option sales. Each month new car sales go up - and each month it seems the transaction cost of a new car purchase also rises. Kelley Blue Book tracks prices each month and reports the estimated average transaction price (ATP) for light vehicles in the United States. in July, this figure was $33,453. This means that new-car prices have increased by $856 from July, 2014. "Transaction prices continue to climb across the industry, with some notable gains from small and medium volume brands like Fiat, Kia, Mazda... "However, Nissan reports the largest average transaction price increase among the large manufacturers with prices up nearly 6%, driven primarily by its Maxima, Murano, Rogue and Sentra models. Transaction prices sometimes rise because dealers continue to find creative ways to boost the final price with add-ons at the end of the process. Fabric protection For example, many dealers recommend buyers purchase fabric protection. Extended warranties An extended warranty is another add-on that can significantly bump up the price. Source: www.consumeraffairs.com
