"Adjusted Market Value" Huh?

Hello,

Saw the Elantra's at the dealership today.
Nice car.

Question: On the sticker for each car, they had as an add on an extra
price above and beyond the MSRP of $1,500 to $2,000 labeled:
"Adjusted Market Value"

What is this ?

Salesman said it's because of all the things the car has as standard
compared to Toyotas and Hondas. Amazingly, he said it with a straight
face; probably years of training involved in doing so.

Anyway, what is it ?

Is it something other Hyundai dealers (probably)do also ?

I've never seen it at Honda or Toyota dealerships.

How do you handle it during price negotiations ?

Thanks,
Bob

 

It is called "what the market will bear" or "price gouging" depending on
your perspective. This isn't unusual for cars that are popular at any
given time.

Matt

 

It is called "what the market will bear" or "price gouging" depending on
your perspective. This isn't unusual for cars that are popular at any
given time.

Matt

 

It is called "extra profit" for the dealer. I've seen it on many different
dealer's lots. As how to handle it during price negotiations, you just
ignore it and start below the original sticker price.

Some dealers try to explain it as adjustment for the dollar exchange rate
according to the source of the vehicle. Another dealer tried to explain it
as a way of getting financing for a trade in that is upside down on the
loan.

 

Unless this is the only Hyundai dealer near you, I'd make it clear you
weren't going along with the scam and walk out. A few years ago a
Hyundai dealer in MA tried to explain that the $900 they wanted for
paint protectant, rustproofing and fabric protections was the only way
they made a profit on the car. When the Prius was really hot, Toyota
dealers were doing this. I think they called it "ADM", for Added
Dealer Markup.

You might try going through carsdirect.com. I've done well with them.

No doubt the Elantra is selling pretty well right now:
http://boston.bizjournals.com/bosto...leases/national/California/2010/02/02/LA46527

 

It's called "screw the customer" and you need to walk out of the store and
never come back and hope they go out of business.
Bob

 

Yes it is a response to the supply-demand balance.

It works both ways. When sales are slow we get incentives.

 

No Sale -Adjusted Market Value

Today was another journey into the pleasantries of buying a new car, this one for my wife. She has a fully loaded 2008 Accent SE so we thought a Sante Fe or Tucson would be a viable step up.
When we got to the local RI dealer I immediately noticed the "Adjusted Market Value" of
$2499. All the SUV's had this item. Not believing my eyes, we went to a Hyundai in nearby MA, and again the "Adjusted Market Value" or $3499 to $3799 was on a separate invoice next to the factory's MSRP. Thinking this had to be some misunderstanding on my part, I asked the closest salesperson. When I asked " What is Adjusted Market Value?" this arrogant, ignorant (a-hole) person had the audacity to say " Use it in a sentence!". And they want us to buy the car ?
Well this afternoon, less than a city block from the Hyundai dealer, we purchased a 2012 Nissan Rogue. Very polite salesperson, very well appointed car, very very good price. I have owned two Hyundai sedans. They are the last.