The motivation for Markups.org was born from an awful experience the co-founder Trey Soucie, had when shopping for a new truck in 2021. Like many other Americans over the past year or so, he got caught in a bait and switch offer.
Trey had recently purchased a new 2021 Tahoe z71 for below MSRP, right off the lot in Portsmouth, NH. A few months later he was looking to trade in his 2016 tundra for the new Chevrolet Trail Boss truck. After finding one in stock and listed online at MSRP, he called to confirm availability. Once confirmed he set out with his wife Dorothy to buy this prospective truck.
He took the 3 hour drive up to the Chevrolet dealership and spent a few hours getting his trade-in valued, test driving the new truck, and then finally sitting down with the finance manager. He was given a sheet of paper with the trade-in value and the total price of the truck.
It didn’t click right away that the price on this new sheet was 10k over what it said online… but something seemed off- the numbers didn’t add up. So, he asked for the Monroney label since they weren’t displaying it. After repetitively asking for it and receiving looks of bewilderment from the manager, they finally pulled out the folded-up window sticker that had been tucked away. Now having this he was able to inspect it, and that’s when he realized the price was indeed indicative of a 10k markup on the new offer presented.
Trey was a bit aggravated at this point and informed the finance manager that there was no way he was willing to pay the hidden markup. The finance manager got annoyed and rudely informed Trey that he would not be taking this truck home for MSRP. So, Trey got up, asked for his tundra keys back, and then left. In total, he and his wife had burned an entire day dealing with this flop of a truck purchase.
This began Trey’s quest for finding a dealership that would sell at or below MSRP, or a minimum be transparent about pricing, thus our mission was born to help prevent other consumers from going through this turmoil.
From that day on, Trey started collecting data sets in various google docs and sharing them on car forums: Original Google Docs Spreadsheet
He reached out to his sister, Tiffany Soucie-Howren, to help turn his idea of a single site of markups data into a platform that could potentially be market disrupting. Her background in founding and scaling businesses, her knowledge and understanding of consumer data, and her SaaS marketing and product development expertise, made her an easy choice.
Trey took the plunge in December 2021 to buy the hosting and start building the crowdsourcing software. In January 2022 they officially founded Markups, LLC and launched into public beta in March 2022, with plans to launch their MVP in late 2022.