Wrong. Consumer pricing is down. "Used car prices fell 1.0% over the prior month in August and 10.4% from the prior year, data from the BLS revealed on Wednesday. New car prices were unchanged in July, but down 1.2% from the prior year." Incentives/dealer discounts are also now increasing.
Also depends on the car. Sports cars are not going down in price for example. Generic cars that sell in high-volume are finally selling for below sticker price.
The dealership model is outdated. Tesla has a smarter idea, to sell directly to customers without sharing profit with salesmen (and not having to spend money on advertising). A single dealer in Minneapolis has a massive profit $900 million? Unnecessary expense for consumers who could simply purchase a car online from the automaker if it were possible. 😮
Wholesale prices are dropping, not consumer pricing.
Wrong. Consumer pricing is down. "Used car prices fell 1.0% over the prior month in August and 10.4% from the prior year, data from the BLS revealed on Wednesday. New car prices were unchanged in July, but down 1.2% from the prior year." Incentives/dealer discounts are also now increasing.
aistockadvisor AI fixes this. Car prices dropping, used standout
Interesting and informative video thanks. The best part was how beautiful Venessa Wong is.
Why the background “high tension” music?
A tad overbearing
Also depends on the car. Sports cars are not going down in price for example. Generic cars that sell in high-volume are finally selling for below sticker price.
Car dealers stuck it to us, consumers… the tables have now turned and with a vengeance
Only new car I would consider is a Mazda that starts it VIN with a J. Most of everything else is designed to fail at 100k miles.
Carvana ads?
The dealership model is outdated. Tesla has a smarter idea, to sell directly to customers without sharing profit with salesmen (and not having to spend money on advertising).
A single dealer in Minneapolis has a massive profit $900 million? Unnecessary expense for consumers who could simply purchase a car online from the automaker if it were possible. 😮
Cars and houses are a burden.