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The Mazda CX-5 is a popular compact SUV, and understanding its typical markup can be crucial for buyers.
What is Typical Markup?
Markup refers to the difference between the cost price of a vehicle and its selling price. For new cars like the Mazda CX-5, this markup can significantly vary based on demand, model year, and dealership policies.
Factors Impacting Markup
- Model Popularity: High-demand models tend to have a higher markup.
- Dealership Location: Urban dealerships may charge more than rural ones.
- Inventory Levels: Limited stock can lead to increased prices.
- Time of Year: New model releases may cause the existing inventory to have higher markups.
Typical Markup Range for Mazda CX-5
The markup on a new Mazda CX-5 generally falls within the range of 5% to 10% above the manufacturer’s suggested retail price (MSRP).
Breaking Down the Latest MSRP
Below is a breakdown of the typical MSRP for various trims of the Mazda CX-5:
| Trim Level | MSRP | Typical Markup (5%-10%) |
|---|---|---|
| Sport | $26,700 | $1,335 – $2,670 |
| Touring | $28,500 | $1,425 – $2,850 |
| Grand Touring | $32,000 | $1,600 – $3,200 |
| Signature | $36,000 | $1,800 – $3,600 |
Historical Markup Trends
The markup on vehicles can fluctuate based on various market trends. Below are some historical insights:
- 2021: High demand during the pandemic led to markups exceeding 10%.
- 2022: Markups normalized, primarily staying within the 5%-8% range as inventory levels improved.
- 2023: Markups have experienced a slight decline due to increased production and lower demand.
Potential Savings Strategies
To minimize the impact of markup, consider the following strategies:
- Shop During Off-Peak Season: Dealerships often have lower prices during the winter months.
- Negotiate: Don’t accept the sticker price; make an offer.
- Explore Dealer Specials: Look for promotions or strategies that dealerships may offer.
Visualization of Markup Across Deals
To better understand how typical markups compare, below is a simple mind map:
Average Markup
|__ Sport (5%-10%)
|__ Touring (5%-10%)
|__ Grand Touring (5%-10%)
|__ Signature (5%-10%)
Conclusion
Understanding the typical markup for a new Mazda CX-5 can empower buyers to make informed decisions. Being aware of market trends, seasonality, and dealership practices will help in negotiating a better deal.
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