What does IC stand for?

Institutetuto Central

Instituteuction Cell

Instituteuction Cycle

Instituteuction Code

Instituteument Correction

Internal Calorimeter

International Cooling

Inventory Controller

Inverse Conduction

Invoice Cost

Invoice Cost (IC) in the car industry denotes the amount a dealer pays the manufacturer for a vehicle, excluding any additional fees or markups. This figure is crucial for understanding the baseline price before any profit margins are applied.

Knowing the IC helps buyers negotiate better deals, as it reveals the minimum price at which a dealer can sell a car without incurring a loss. It's a key term in automotive sales, providing transparency in what is often a complex pricing structure.