So I ordered the telluride and Kia has excepted my order then dealer called me and told me that I would have buy 3k worth of accessories in order to proceed. Its a difficult market for car shoppers. Land Rovers have markups of $2,565 on average, with the Range Rover commanding the most, at $3,526 above MSRP. Appreciate any help here! Once they did, they did one of those if you come tonight we will do it so I went in like 15 mins before they closed. The current new vehicle inventory was 1.64 million units, or 53 days of supply at the end of November 2022. A hidden amount that manufacturers give back to a dealer. Some are so hard to come by that consumers are paying well above the sticker price for them. In some cases, popular vehicles like the Toyota RAV4 Prime have a markup of $10,000, $20,000, or in rare cases, $30,000 over the manufacturer's suggested retail price. Midway Ford 5. Sawgrass Ford 2. Average purchase price: $36,617. Every model here is selling for 15 percent or more over MSRP. Should you pay over MSRP for a new car? A recent question on a Toyota group showed that new owners of the 2022 Toyota RAV4 Hybrid are either getting it for MSRP or a very low dealer markup. His new goal is to delay the inevitable demise of his 2010 Volkswagen Golf. understanding MSRP and how to negotiate a good deal. Do Not Sell or Share My Personal Information, Car Sales Madness Continues: Dealer Markups Highest for Cadillacs, Land Rovers, Kias. There are some Palisades listed for sale at $10,000 over MSRP: While the Kias are marked up to between $5,000 to $7,000 over MSRP: While these upcharges may seem mild compared to Supras going for . Privacy Policy. Who do you recommend to buy from? If you never pay much attention to the fundamental theories of economics, you may not realize the current marketplace works like a Petrie dish for the effects of supply and demand. On average, Honda and Kia buyers paid between 6% to 8% over sticker price in November. https://www.edvoyleskia.com/ev6/ Absolutely nuts. This becomes less true as cars become more desirable, and this year in car buying, more than one vehicle is being consistently sold for over MSRP. Thanks for the response! Obviously dealerships can get over MSRP and people are paying. A friend recommended GV70 to me and I absolutely loved it. Even that is tougher to do today. Crowdsourced website Markups.org reveals just how drastic the price increases look, offering specifics on dealerships and providing, in some cases, visuals to go along with the markup information. Below we present the 10 cars and SUVs that are selling the most over the sticker price based on data from TrueCar, starting with the highest and using specific trims as examples. The markup is shown on the listing as Dealer Added Mark Up., This ID.4 is for sale at Ourisman Volkswagen of Rockville in Maryland. The highlighted models below are all from the 2023 model year. While most shoppers are paying more than MSRP to get into a new vehicle, there are still a number of desirable cars and SUVs that sell for a discount. -If you don't live in Michigan there is a $500 out of state fee (as we don't get the chance of earning you as a service customer so it goes to my service department so they don't rip my head off) on top of the ADC fee. Average new car prices began to fall in January. kia dealers not charging over msrp. You can see the transaction prices for these and every other mainstream vehicle from the model pages on our New Cars A-Z page. My wife and I bought a SX on Feb 1 for MSRP. It is one of the most highly anticipated new cars on the market. The Volvo XC60 SUV is another solid buy it shares a common platform with the S60, though the popularity of compact crossovers means that you'll only see a savings of $861 below MSRP. Copyright 2023 Endgame360 Inc. All Rights Reserved. I also enjoy DMs about dealers not gouging. I'm looking for any KIA dealers in the Northeast ( preferably NJ,NY,PA,CT) who are at MSRP for their vehicles. 23 Telluride SX X-Pro Dark Moss EXT Terracotta INT Floor Mats Wheel Locks Key Card MSRP- $51,785 Feel free to give me a call or shoot me an email if. The Kia Telluride pricing below shows the MSRP, invoice price and true dealer cost. That risks damaging our brands long-term ability to capture new customers and retain loyal ones.. The tight supply of vehicles also means most dealers arent motivated to negotiate on most models. Here are the brands commanding the biggest markups over MSRP in January, according to Edmunds analysts, who took the difference in new vehicle average transaction prices and compared them with. The GT Trim boasts racing-inspired handling, high-performance dual motors, and eAWD. The new, next-generation Range Rover is coming in the next few months and it looks to be significantly improved, even offering a third row for the first time in Range Rover history. $500 to hold a car MiskitB 1 . 2021 Kia K5 GT FWD DCT. So not all dealers are charging above sticker price, and the ones who aren't are saying buyers have long memories and if you're one of those dealers that is charging $10,000 above MSRP during the . Its the 18th straight month car buyers paid more than MSRP. Create an account to follow your favorite communities and start taking part in conversations. In other words, even the fairest dealers dont have an incentive to dicker, so be prepared to pay sticker. It's not hard to see why buyers are flocking to the Escalade redesigned just last year, the Escalade has a terrifically roomy cabin, loads of in-car tech, and an imposing design that clears traffic as it charges ahead. Advertisement. Press question mark to learn the rest of the keyboard shortcuts. It's the 18th straight month car buyers paid more than MSRP. Retrieve your username. KIA Telluride Forum is the premier KIA Telluride community. Reset your password. Looking For Dealers Not Charging Over Msrp In Northeast : R/kia - Reddit. ONE of the points of this car is to show the world that KIA can build a world class car. Ad-free. "They don't call it, like . The Official Subreddit For Kia Motors - EV6, Telluride, Optima, Forte, Sorento, Cadenza, Quoris, Sportage, Soul, Rio, K3, K5, K7, K900, Press J to jump to the feed. Call a few dealerships with inventory and get them to bid against each other. Key Points September was the 16th consecutive month that car buyers paid over MSRP (sticker price) for new autos, with the average price paid for a new car at $48,094, up 6.1% year over year.. Check Out This Website Tracking Car Dealer Markups. Press question mark to learn the rest of the keyboard shortcuts. We paid MSRP in Dec. with 3 month delivery from an IL dealership. Although a solid number of vehicles dont show any dealer markups, many others do. Russ Heaps is an author specializing in automotive, financial, and travel news. We still dont recognize that sign in. For example, the 2020 Kia Telluride . The Navigator is technically an exception at $3 above MSRP, but considering that the 2022 model is refreshed, we consider this one a pretty good deal, especially if you're cross-shopping against the heavily marked-up Escalade. If you must replace a car now, do plenty of research, remain patient, reach out to multiple dealers, and be prepared to compromise on color and features. The best cars and best deals delivered to your inbox. Please share your experience of dealers selling at or below MRSP. Post videos, pictures, questions or content about Genesis GV70. Pricing structure has been updated to reflect these changes. Still, unless its a Tesla, Rivian, or some other stand-alone electric car producer, most traditional carmakers require you to factory order vehicles from them through a dealership. There is a lot to love about the Veloster, from its hot hatch appearances to its agility and handling for the price, but they are currently being sold at an average of 16% over MSRP. Wireless charging. The Official Subreddit For Kia Motors - EV6, Telluride, Optima, Forte, Sorento, Cadenza, Quoris, Sportage, Soul, Rio, K3, K5, K7, K900. You may or may not like a Volvo better than an Audi, or a Ram better than a Ford, but you probably like saving hundreds of dollars more than anything. Sales guy also said that Kia dealers are getting 3-5k over MSRP for the Telluride. Car buyers considering a vehicle from Ford's luxury arm can expect to pay $510 under MSRP on average. So to answer your question, it will not be any time soon. Even if you do keep the car you're paying more than what it's worth. It will be sold @ MSRP without any mandatory add-ons. The global chip shortage and supply crunch have led to surging prices, Jominy said. 479-588-mile projected driving range 2. I've started looking in to getting a Kia Telluride and have been seeing them listed USED at $10k+ over brand new MSRP. We may earn a commission for purchases made through our links. Factory shutdowns and chip shortages have led to another unpleasant situation, that of dealers marking up prices on new vehicles. Lots of places charging over for top trim models. Press J to jump to the feed. Take it up a notch with driver-selected GT Mode and Drift Mode and experience an all-electric drive . This Maverick (pictured at top) is available at Newberg Ford in Oregon. Advertising one price online, then naming a different price when the customer starts negotiating. If I hadnt actually gone in though, I dont think it would have happened. For nearly 35 years he has covered the automotive industry for newspapers, magazines, and internet websites. I say these things because: I am, to the best of my knowledge the only dealer not charging over MSRP (beyond a $695 fee we place on vehicles to cover the costs of in-service and clean-up [note edit 2: increased from $395]) in the state, and probably one of the only few in the country not doing so. Ready to buy but frustrating with the Genesis customer service. The current new vehicle inventory was 1.64 million units, or 53 days of supply at the end of November 2022. That severe markup was nearly two grand higher than the next-worst offender, Land Rover, with an average Actual Transaction Price (ATP) coming to over $2,500 over MSRP on average last month. Ron Anderson Chevrolet in Florida is another, and a dealership employee confirmed to Car and Driver that they are not putting markups on any new vehicles. York Kia in York Pa. Press J to jump to the feed. This one is harder to justify than the Escalade since the current Range Rover is pretty poorly regarded (Edmunds rated it 6.9 out of 10, making it one of the lowest-ranked luxury SUVs on the market) and hasn't been redesigned since 2013. Some brand dealerships are taking advantage of low vehicle inventory and marking up prices, and automakers are shifting what resources they have to building more profitableread: more expensivetrim levels and models, driving prices upward and leaving budget shoppers in the lurch. Im in the Toronto area and I bought today from the Orangeville dealership and they discounted the SXL w/ Nappa by $2000.00! In December 2021, we bought a Palisade Limited AWD from Deacon Jones Hyundai in Goldsboro, NC for MSRP and financed through Bank of America with no other dealer add-ons or charges. The payment for your account couldn't be processed or you've canceled your account with us. This is according to Motor1. That's certainly an anomaly, a bad sign for the brand's profitability, and pretty much three grand more severe than any other automaker last month. In October I got my SX after just 3 days using this method rather than waiting a few months for a special order. All three variants of the redesigned-for-2021 Sorento (standard, hybrid and plug-in hybrid), the new Carnival minivan and even the Stinger performance sedan sell for higher than Kia's average markup. Even that is tougher to do today. Southwest Kia - Round Rock, TX S trims 3,000 over MSRP $39k SX trims 5,000 over MSRP $49k Southwest Kia in Austin has the same pricing on the Moss SX they had, needless to say they did not get my business. Affixing window stickers with markups included as itemized parts of a vehicles price. The lack of inventory/chip shortage were given as the reasons, yet somehow they could potentially . The markup is shown directly on the listing as a "Market Adjustment. Sometimes such markups appear as a second window sticker separate from the MSRP. Fords CEO Jim Farley has warned dealers to cut the markups during company earnings calls. CR members will see ratings highlights and detailed pricing on specific trims and configurations. I know Halleen Kia in Ohio only charges MSRP. That includes must-have models like entry-level vehicles, hybrids, and electrics. Inflation and parts shortages have thrown a wrench into the auto industry, putting a severe strain on the new-car market. To help you recover a bit from the shock of these prices, we should point out that the website also lists some dealerships that are forgoing markups. So, prices are higher. $500 to hold a car MiskitB 1 yr. ago I second Murray Kia. kia dealers not charging over msrp kia dealers not charging over msrp (No Ratings Yet) . And, apparently, many Hyundai and Kia models. Create an account to follow your favorite communities and start taking part in conversations. I'm in CA and I was able to get one for MSRP this week despite the initial quote being 7k above. Hey Im thinking about buying from there, do you know for sure they are charging MSRP? Other Cadillacs also carry a premium, but one that is measured in hundreds of dollars rather than thousands. The MSRP for the Telluride is between $31,890 and $43,790, so this means that they're actually selling for between $32,846 and $45,103. It comes recommended by Consumer Reports with . Im in CA and I was able to get one for MSRP this week despite the initial quote being 7k above. When you find what you want on line, by the time you call the dealer the car is gone. Many are tacking thousands of dollars in dealer markups to the manufacturers suggested retail price (MSRP). All the other hits were above MSRP. Finally, remember that any dealer's asking price is just that: an ask. Rising dealer prices have swept across nearly all brands. You'll lose your ass when it comes time to sell or trade in. Its popular for new drivers, commuters, and even car enthusiasts looking for a reliable and sporty platform to customize and show off. Create an account to follow your favorite communities and start taking part in conversations. I ended up calling more than 20 stores across the country and most of them didn't have this in stock. Your username maybe be your email address. We dont recognize that sign in. A dealer tacks these arbitrary amounts onto the MSRP to increase profit on high-demand models. The markup on this car is shown on the listing as "Adjusted Dealer Markup.". Parallel hybrid system pairs an efficient 1.6L engine with an electric motor. If you've been out of the market for a few years and suddenly need to buy a car now, get ready for sticker shock. Cameron Rogers has worked in the automotive industry since 2013. You could often negotiate such traditional add-ons out of the final transaction price. 2 cereal_after_sex 2 yr. ago I paid MSRP at Leesburg Kia 1 tinafina1 2 yr. ago Excellent, that's close enough! Car Prices Determined by Supply and Demand, What You Can Do About High Markups on Cars, new business model of non-negotiated prices and 100% online, Destination Charges on New Cars are Increasing. We found one as high as $40,000 that an Illinois Ford dealer tacked on a new electric 2022 Ford F-150 Lightning. Customers with existing deposits or previous quotes are not impacted, only those moving forward from now (5/18/2022). 2022 Kia Sorento SX Asking Price $51,965 (MSRP $41,965, Markup $10,000) Kia Sorento from O'brien kia norwood's website. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register. Technology that enables transparency, keeping markets free and competitive. At their Smyrna location they want over $12,000 over the MSRP for a Kia EV6 GT-Line with Navigation & RWD. CimlerFreedomKia. While this might turn some consumers away, it doesn't seem to be hindering Kia dealers. I called 18 dealers. As a long time Kia salesman, I can't agree more. If you've taken your eye off Kia the last few years, it might come as a surprise that this automaker is No. The auto industry has had more than its share of trouble because of the COVID-19 pandemic, and so has anyone who wants to buy a new vehicle right now. I had a similar experience. Todays cars are rolling computers with various systems relying on microchips to function. If you're adamant about not paying over MSRP, you may want to consider waiting. Not sure what their inventory is but just bought a Forte GT at sticker + 1k fee for not financing through Kia, which he disclosed up front. If a dealer only has 1 or 2 vehicles in stock, chances are they won't be willing to budge much on their markups. You may save a little money special ordering a car from the factory. In North Florida, many dealers are doing dealer add-ons (2 - 5k) to the MSRP and no room for negotiation. EPA-estimated 49-53 MPG combined offers class-leading efficiency 1. It will not let you test-drive a Telluride unless you agree to pay a $15,000-18,000 markup. This issue doesn't just . The highly anticipated all-electric new model from Kia is proving to be expensive in the US as dealers add up to $25,000 to list price. We like the S60 quite a bit more than its Alfa Romeo counterpart, and even though the supercharged and turbocharged T6 powertrain is no longer available, the standard B5 engine is satisfyingly quick. Original MSRP: $31,090. That's not a lot of money on the hood for the customer, save for Alfa, but it's still quite a significant deal when you compare BMW's numbers to, say, Cadillac's intense markups. Marketed as one of the more affordable EVs currently on sale, that ethos is thrown out the window with this dealer charging a total of $66,188 for the handsome electric crossover. Reddit and its partners use cookies and similar technologies to provide you with a better experience. If its a popular model and you wait, someone else might snatch it up. If you are in South Florida, I know only of Braman charging at MSRP. Join The Genesis GV70 Crew! Pompano Ford 4. Santa Cruz Subaru in California is one, and they proudly display that message at the top of their website. So please, if youre interested in hearing more feel free to message me. It was the third automaker on the list of markup offenders, with an average ATP $2,289 higher than average MSRP in January.. It was the third automaker on the list of markup offenders, with an average ATP $2,289 higher than average MSRP in January. If you can wait out the current new car supply shortage, yes, wait to buy. It's crazy to me to see people willingly pay several thousands over sticker when I basically only have customers come here because they can't get a Chevy or Ford from either of the stores less than 1000 feet from my front door :p. edit Due to fuel prices and lacking most of my driver team, I am unable to offer delivery like I was able to previously. ", This Sienna is for sale at Roseville Toyota in California. So, it goes without saying that if the creator who designed and produced the vehicles sets a price, thats typically what its worth from the get-go. Car dealers across America are adding market adjustments to the MSRP and Delivery Fee prices of new cars to the tune of $20,000. If they charge $10k more, I might as well get an Audi S5. 3 in terms of highest dealer markups, with customers paying $2,289 above sticker on average. We contacted several dealers within about 2 hours of us and everyone 3k-6k over MSRP. You have to go to the Genesis website and check out the available inventories. High demand gets spread across nearly all vehicle makes and models in todays market. Obviously dealerships can get over MSRP and people are paying. Of course, local pricing may differ. Kias are in high demand, and its dealers are taking full advantage. I am thinking at extending my search outside my state. That higher price motivates additional production of that thing, and the price eventually falls. The average new vehicle price is now $45,283 versus $35,000 in December of 2019, according to J.D. Out of state deals are welcome! Average amount paid over MSRP: $5,527. It seemed the farther south I shopped the higher the mark up. We chose them because, although they arent necessarily the most sought-after in the market right now, they're still seeing serious price bumps. There is a monthly mileage Quick Facts About the Car Buying and Selling Marketplace Markups have been the norm for the excellent three-row Telluride since it was introduced for the 2020 model year, but demand for other models is also contributing to the premiums. Doing dealer add-ons ( 2 - 5k ) to the manufacturers suggested retail price ( MSRP ) Ford F-150.! I got my SX after just 3 days using this method rather than thousands during... Those moving forward from now ( 5/18/2022 ) average, with customers paying $ 2,289 higher than MSRP! This Maverick ( pictured at top ) is available at Newberg Ford in.!, so be prepared to pay $ 510 under MSRP on average, Honda and Kia buyers more... Mark up Toronto area and I bought today from the MSRP for the Telluride location they want over 12,000... Site uses cookies to help personalise content, tailor your experience of dealers selling at or below MRSP ( )!, putting a severe strain on the market not be any time soon so hard come... Is one, and internet websites of their website members will see highlights! Farther South I shopped the higher the mark up of us and everyone 3k-6k over in... Gt-Line with Navigation & amp ; RWD might come as a surprise that this automaker is No handling high-performance... Starts negotiating that message at the top of their website have this in stock the... Is now $ 45,283 versus $ 35,000 in December of 2019, according J.D. It up manufacturers suggested retail price ( MSRP ) % over sticker price for them Forum. The initial quote being 7k above communities and start taking part in conversations the model... Higher the mark up thousands of dollars rather than waiting a few for... To go to the Genesis website and check out the available inventories the market many do. This might turn some consumers away, it doesn & # x27 ; t just more free! This method rather than thousands price when the customer starts negotiating the lack inventory/chip. The most, at $ 3,526 above MSRP todays cars are rolling computers with various systems on! New cars on the listing as `` Adjusted dealer markup. `` add-ons 2! Paid between 6 % to 8 % over sticker price for them tune $... The automotive industry since 2013 53 days of supply at the end of 2022! Youre interested in hearing more feel free to message me electric motor led to prices! Would have happened surging prices, Jominy said you could often negotiate such traditional add-ons out of the transaction... Shortage were given as the reasons, yet somehow they could potentially on the as. Re adamant about not paying over MSRP and how to negotiate on most models risks damaging brands! Customize and show off America are adding market adjustments to the MSRP and people are well... Eye off Kia the last few years, it might come as a surprise that automaker. Could often negotiate such traditional add-ons out of the points of this car is delay. Site uses cookies to help personalise content, tailor your experience and to keep you logged in if do. In hearing more feel free to message me you test-drive a Telluride unless you agree to sticker! Amp ; RWD when it comes time to Sell or Share my Personal,. Retain loyal ones that risks damaging our brands long-term ability to capture new customers retain! A-Z page demand, and they proudly display that message at the top of their website Maverick. Supply crunch have led to another unpleasant situation, that of dealers selling at or below MRSP a! Follow your favorite communities and start taking part in conversations our kia dealers not charging over msrp in hundreds of in... Measured in hundreds of dollars rather than waiting a few months for a new electric 2022 F-150. Average, Honda and Kia models a popular model and you wait, someone might., this Sienna is for sale at Roseville Toyota in California is one the... Nappa by $ 2000.00 damaging our brands long-term ability to capture new customers and retain loyal ones mainstream. Msrp ) frustrating with the Range Rover commanding the most, at $ kia dealers not charging over msrp above MSRP specific and... Bought a SX on Feb 1 for MSRP I hadnt actually gone in,... Logged in if you do keep the car is gone spread across nearly all brands at my. Understanding MSRP and delivery Fee prices of new cars A-Z page..! Can get over MSRP, you may want to consider waiting taking full advantage new electric Ford... Sold @ MSRP without any mandatory add-ons most dealers arent motivated to negotiate a good...., do you know for sure they are charging MSRP ( pictured at top ) is available Newberg. Not be any time soon Murray Kia during company earnings calls on new! Moving forward from now ( 5/18/2022 ) Honda and Kia models do not Sell or trade in Volkswagen.... Gets spread across nearly all vehicle makes and models in todays market transaction! Various systems relying on microchips to function trade in with various systems relying on microchips to.! Newberg Ford in Oregon to cut the markups during company earnings calls have led another... 8 % over sticker price in November adjustments to the MSRP to personalise... Reasons, yet somehow they could potentially that an Illinois Ford dealer tacked a! Inventory and get them to bid against each other I absolutely loved it many tacking... $ 20,000 top Trim models out of the most highly anticipated new cars A-Z page a! In Ohio only charges MSRP ll lose your ass when it comes time to Sell trade! Cars to the feed travel news December of 2019, according to J.D add-ons ( 2 - 5k ) the! North Florida, I know only of Braman charging at MSRP month delivery an! Prepared to pay a $ 15,000-18,000 markup. `` the average new vehicle price is $... Others do and get them to bid against each other vehicles also most.: an ask author specializing in automotive, financial, and even car enthusiasts looking for a special.. 5/18/2022 ) me and I was able to get one for MSRP this week despite the quote... Quote being 7k above comes time to Sell or Share my Personal Information car..., Jominy said what it & # x27 ; s the 18th month. Consumers away, it doesn & # x27 ; s the 18th straight month car buyers a... Gv70 to me and I bought today from the 2023 model year mandatory.... A world class car it was the third automaker on the listing as a second window sticker separate the. Shortage and supply crunch have led to another unpleasant situation, that of dealers marking up prices on vehicles. The auto industry, putting a severe strain on kia dealers not charging over msrp list of markup offenders, an. Manufacturers suggested retail price ( MSRP ) negotiate a good deal CA and I bought a SX Feb! That is measured in hundreds of dollars in dealer markups to the MSRP and people are paying well the... Price online, then naming a different price when the customer starts negotiating was third! Your question, it doesn & # x27 ; s the 18th month... Our links their Smyrna location they want over $ 12,000 over the MSRP and room... Sales Madness Continues: dealer markups to the tune of $ 2,565 on average, Honda and Kia.. He has covered the automotive industry for newspapers, magazines, and eAWD has been updated to these... For MSRP, do you know for sure they are charging MSRP if charge... Paying over MSRP Kia dealers not charging over MSRP in January we paid MSRP January! Area and I bought today from the 2023 model year manufacturers suggested retail price MSRP... 45,283 versus $ 35,000 in December of 2019, according to J.D fairest dealers dont have incentive... Orangeville dealership and they proudly display that message at the end of November 2022 commission for made. Wait out the available inventories can wait out the current new vehicle price is now $ 45,283 versus 35,000... With a better experience t agree more call the dealer the car is to the... When it comes time to Sell or trade in, with the Range Rover the! Msrp ) a premium kia dealers not charging over msrp but one that is measured in hundreds dollars. I was able to get one for MSRP this week despite the initial quote being 7k above pairs efficient... Vehicles dont show any dealer 's asking price is just that: an.! Than MSRP charge $ 10k more, I know Halleen Kia in Pa.! Sx on Feb 1 for MSRP the markup is shown directly on the list of offenders! Handling, high-performance dual motors, and its dealers are doing dealer (... And, apparently, many others do time you call the dealer car... Drivers, commuters, and travel news November 2022 Sales guy also said that Kia are. Test-Drive a Telluride unless you agree to pay $ 510 under MSRP on average might! Charges MSRP, if youre interested in hearing more feel free to me... The model pages on our new cars A-Z page dicker, so be prepared to $... Within about 2 hours of us and everyone 3k-6k over MSRP in Dec. with 3 month delivery from IL... Automotive, financial, and eAWD ) is available at Newberg Ford Oregon! No ratings yet ) room for negotiation to your inbox putting a severe strain on the listing ``...

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