ICLE Research Cited in Jalopnik on Dealer Franchise Laws and Vehicle Pricing
Jalopnik cited ICLE research in a piece examining the factors driving up new vehicle prices, including mandatory safety features and dealer markups. The article referenced ICLE findings that dealer franchise laws add nearly $5,000 to the price of every new vehicle. The underlying research was conducted by Director of Innovation Policy Kristian Stout and Communications and Innovation Fellow Subi Ramakrishnan.
Read the full piece here.
Of course, then there’s the elephant in the room: Regardless of what customers and automakers do to impact pricing, let’s once again remember that dealer “middleman taxes” are also adding nearly $5,000 to the price of every new vehicle (via International Center for Law & Economics) — and that’s before we get to massive $8,000 markups on mainstream rides like the Toyota 4Runner.