CHINA Is Coming For The US Auto Industry
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- Опубликовано: 12 мар 2024
- CHINA Is INVADING The US Auto Industry
In this video I talk about how the US Auto Industry could be hurt by Chinese auto manufacturers.
My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
Thanks for watching and please feel free to leave any comments you may have in the section below!
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*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
#UsedCarMarket #CarPrices #carmarket #usedcarprices 
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Talked with someone tonight who just bought a new Chevy Trax. She has had nothing but trouble with it, and the dealer treats her like crap. Telling her to turn the features off if they don’t work. 😡
She was saying that it was cheaper than other used cars on the lot.
When American manufacturers put out crap and treat their customers poorly, it will just open doors for the Chinese and other imports.
Yep, they will treat the customers like crap too, but at least the junk is cheap 😂😂😂
That's surprising...I've been tempted to look at the new Trax due to all the hype and accolades. It would be all the vehicle I need. I think I'll wait for awhile...
@@gobsmacked230 I wanted a Trax but the scumbag Chevy dealer had a $2500 market adjustment on them so I ended up getting an AWD Mazda CX-30 for like another $400 more. Glad I dodged that bullet.
Trax is manufactured in south korea
Honda and Toyota are your friends. Nissans are kissing cousins. Chryslers are bastard children.
I want the competition to come in so that we can get the prices down.
At this point in time if the competition comes into the US there will be no US competition. Let them get to where they can build a EV or even a small ICE car and not lose money one it. They have a lot of changing to do.
@@danharold3087 bah, its been 4 years, if ford, gm hasnt gone out of business yet, they arent going to. ford got a $9.5bil bail out from the fedgov, i.e. us taxpayers. prices are high because of $35trillion of debt. consumers are not driving inflation.
@@orbitalair2103 the problem is our lobbying system wont allow them to bottom out. Every time they get close, they get bailed out, the execs get bonuses and the working man gets screwed, rinse and repeat.... Every 8-10 years it happens.
@@orbitalair2103
Seriously with the relatively free robot labor up and down the supply chain making cars is going to be about who can make the best car for less. The UAW could lobby to ban robots in car factories. That would end car production in the USA without equally stiff protection for automakers. This would of course put inferior US human assembled vehicles even further out or reach for most Americans. This is not the road to a needed prosperity.
Government stifling is why this will never happen with the current administration. Vote better in 2024. Hold your nose if you must.
Remember how Toyota and Honda first gained a foothold in the US market?
Yup - Toyota, Honda and Nissan cleaned the US carmakers' clock in the mid 70s because the US brands were complacent and had quit trying to build affordable, good quality cars. May well happen again with Chinese cars. Ford, GM and what used to be Chrysler have been too busy selling expensive and inefficient trucks and SUVs to respond to an obvious and coming threat. EVs have been on the mass market for 13 years now. Sandy Munro has been warning the auto industry for years. If legacy makers fail or see their market share shrink, they did it to themselves. Just like the 1970s. I have no pity for their incompetence.
Yup, when the govt brought in restrictions, they switched to the premium market with Lexus and Accura. The rest is history.
BYD to legacy auto makers. Innovate or die.
Yes, but Japanese products are generally considered to be of good quality. Chinese products, on the other hand, are not.
Gasoline crisis in 1974. The Japanese built quality cars that got twice the gas mileage of the average American cars.
Back in the 60s Datsun, Toyota and Volkswagen was a savior for the middle class. Great little cars that were dependable. Hope to see it happen again.
This time there will be one man standing and his name is China. What do you think a chinese car will cost in the US if there is no competition.
@@danharold3087are we better off with unaffordable cars in the US today?
Ford and GM are going the way of mom and pops grocery stores did thanks to walmart. Why would they be different than any other retail commercial goods?
I wish the US would ease standards to allow companies to bring a small solid truck like the Toyota Hilux Champ in the US.
I love that Toyota Hilux Champ. And I am a old school GM guy
I like the truck too.. old school GM here but the last 15 years I have been Toyota all the way. @@ronnie8252
@@ronnie8252 It's kinda ironic. The Hilux Champ is a descendent of the "Basic Utility Vehicle" concept that Ford and General Motors pioneered in the early 1970s with vehicles like the Ford Fiera and Bedford Harimau.
and thank you for not blaming it on Goverment. The automakers (and not just Detroit) are the ones pushing for increased standards that keep affordable vehicles out of the market. Do you _seriously_ think Toyota has any interest in selling low-cost products in the US? They're pissed because Americans still buy Corollas...
ive seen people import the little honda truck-ett. ive seen 2 different ones in my town. its got like a little 1 liter engine.
Sorry that you lost your uncle. Peace be with him 🕊🕊🕊
it's almost like the problem isn't biden or trump, but it's the business owners forcing Americans to compete with chinese and mexican slave wages so the business owners can make a couple more bucks to buy a fifth mansion while working people who they depend on to (abuse) buy the cars go hungry.
Free market economics at work. Maybe 100k for cars isnt sustainable?
that's crazy talk, just get a loan for 13 years (/sarc)
@brianhopkins5251 Don’t give them any ideas
100% “Get greedy, go hungry!”
Where's this free market you speak of?
We do not have a free market. We live in a corporatocracy
We need china Japan anyone who can provide an affordable vehicle to bring em. Fuck the bs... 100k jeeps and 80k f150 are not realistic for most of us.
Grossly overpriced ,they will be forced to come way down by 1/3 to 1/2 ,the death knell is here because of insolvent banks that have dramatically reduced lending. As credit continues to collapse and most can't qualify/access credit, the big question how will they ever move these without going bankrupt?
Especially the big 3 o.e.m.s are completely disconnected from reality
preach
China builds JUNK vehicles period. We don't need to feed CCP!
“Destroy” you mean like a “bloodbath” for the industry?🤣
What will happen is at lot of union auto workers will be out of a job.
They will be anyway. The auto factories around the world are soon converting to humanoid robots.
Exactly, many of these factories about to relocate to Mexico
They will vote for Trump in 2024.
They will enjoy minimum wage.
And it's going to happen unless protections go up which it cannot.
So it is going to Mexico production and minimum wage and talk of the good old times.
I listened to the radio this morning, and it was a documentary on the Luddite movement here in the UK. This was when textile mill owners went for automated weaving machines.. despite all the efforts of the Luddites, all that happened in the end, was the mill owners closed their doors and put everyone on the street. It pains me to say it, but you can’t strike your way to a job.
Brand loyalty goes out the window when the China manufacturer is offering a vehicle that is 20 to 30 thousand dollars less than what Americans are producing.
My wife and I discussed during the last recession that big box stores (Chinese outlets) will be selling Chinese cars within a few years. I had forgotten about that conversation until your video. A game changing serious subject.
Except this is nothing new. Americans haven't made most of our own stuff for my entire adult life.
Chinese vehicles will be a Massive joke they won't hold up as we already know plus we don't need to Fund the CCP
Meanwhile $15,000+ for 2016 Toyota Camry LE with 82k+ miles
Nuts. Days of a nice used car for like 10,000 are long gone.
You can get at least 10 more years out of that car. That's $1,500 /yr or about $100/month for a car that'll start every time you turn the key. You can't get cheaper than that. Even a hamburger is $20 at Mc D's now.
Ford's executives thought if they stop selling the cheap cars, all their customers would buy $50k-$100k pickups. Ford is so messed up. We have three vehicles. Her commuter Escape, my commuter Focus and the weekend fun car, Cobra. I will be replacing the Focus soon and Ford doesn't sell sedans. I don't want a $50k huge pickup, we have a small SUV and Cobra. I will end up buying a Mazda 3 which is what the Focus is anyway.
We own two Hondas... ;-)
Used EV super cheap operating costs
@EMichaelBall
I'm not the biggest fan of ev's but all tou really need is to get sn electrician to put in a nema 10 outlet in your garage assuming your panel can accept another 240v breaker. If you have a dryer in the garage already. I know plenty of people do already just use that
Level 2 charging os all a house needs and a nema 10 supplies that
@@Michael-sb8jf A few videos have been saying the dryer outlets need to be upgraded. In spite of their rating they are not taking the current. Maybe because they are made in China. I am not flippant about that. Electrical and electronic supplies from china are a crapshoot. Fake marking are the norm.
@@danharold3087
It's just an example. And maybe I should have said level 2 charging is as easy as installing a dryer plug because it essentially is just running another 240v line to a "charger" which can be had for 500 bucks or less. Some are hard wired others or not. Love or hate him? Linus tech tips has a great video on doing it
Chinese cars have been all over in my neck of the beach in the Riveria Maya. MG's(a chinese brand now) have been selling like hot tortillas for a couple of years.....loaded with all the goodies.....cheap prices and 10 year warranties.
QRoo, Mexico
Cheap junk too…..😳
So how are there warranty claims working for them? Lol
@@fredh.1255 your getting left in the dust
@@waichungsham1578 I doubt that🤣🤣🤣
We need China, Japan, South Korea to import more vehicles ! We are sick and tired of these ridiculous prices. $100k for a $30 thousand dollar "pickup". Ford really thinks they can charge Mercedes or Maserati prices?
It ain't just the domestics. Toyota Tundras hitting 6 figures. Tacomas 60K plus. Nissan Pathfinders 60K. The problem for me is quality. I had a 2000 Ford Ranger. Wasn't the greatest, but wasn't awful. I never bought another domestic until a 2020 Ranger. It was a POS. I sold it and I am back to Japanese forever .
So instead of wanting the US automakers to step up and do the right thing, you want foreign cars?
@danielrn133 Don't forget that 25-30% of a foreign pickup price is the cost of a US tariff. In a free market, toyota Tundra would be a far superior truck to any US made pickup, and you would pay 40% less. Anytime a market is distorted by government, the consumer loses.
If we want the U.S to start making affordable cars again, we gotta stop buying the expensive models. The Ford Maverick and Chevy Trax were a step in the right direction. It’s weird the Trax is Korean made (never seen that) but whatever.
@@Steve.Cutleryes I want foreign cars since American auto makers are pricing theirself out of the market
What I read from IRS is that people are getting back a lot less refund amount this year so that should impact all car sales I would think.
Yeah they are keeping most of your money for themselves and giving it away to other countries. My son is single and told me he got 150 refund that is it. 😁😁😁😁😁
I got a big ass refund, but it’s still not enough to make a dent in the monthly note or lower the number of years I’d want for financing.
American car companies refused to make smaller ICE cars because of their lower profit margins in smaller cars. China is already selling a tons of consumers goods in the US which are supported by American Companies. American car companies can make affordable EVs but they refuse to make them. They can form a partnership with Tesla or BYD and then provide affordable cars (EV and ICE) to the American car buying public. The American EV car companies have targeted the higher end of the EV buyers to make a higher profit for them and their stockholders and investors.
That is not entirely true. They do not make small cars because the fucking EPA restricts them so bad on weight. If you had a small light car, it has to make 80 mpg.
The fun part is, if you let me make the car, i can do it. Easily. Give them a small diesel generator to make power and use electric motor to power wheels. Light, effective and efficient.
Yep they could compete with Prius but didn't. They could compete with small EVs but didn't.
Focus on 1) dealer commissions and 2) bank lenders. Dealers want big commissions. Bank lenders want long streams of interest payments. The "logic" of costly American cars is downstream and not on the factory floor. Japanese sell small ICE utility pickups for $10-12K. Japanese can pick up used ones and pay cash. American retailers (dealers + lenders) hate that. Guitar retail is the same way in the USA. Great Ibanez hollow body jazz guitars sell for less than $500 online. No dealers will sell them. @@bobsmith962
They got to the point where they couldn't compete with Japanese cars. The Japanese cars were better quality and made a profit.
There is no "good" reason why a "Smart Car" should cost more than $5000 brand new. Except, and perhaps, due to red tape.
I'm 53 and I grew up riding around in a 72 Toyota Carina. My first car was a 77 Corolla. They were cheap, dependable and affordable and they didn't cost a lot! Must have all 4. (wink)
My folks bought a 1980 Toyota Tercel brand new (4 door) which we owned for at least 1.5 decades. Under $5000 BRAND NEW. No arm rests, and certainly no power options but I am sure the MPG was insane. I still have the license place from it on my wall from 1985.
We need it to be more competitive!! That's the whole point of a free market!! Get prices where they should/need to be
Hard to compete with countries that don't care about their people and don't play fair.
Fair market presumes a level playing field. China has said it is their goal to make the BEVs for the world. How far do you think they will, or can afford to, go to make this happen? The Chinese governments have a lot invested in the wholly owned and joint ventures.
I watched a report on CBC network that a new shipped BYD truck from China costed $10,000 in Chile. The locals love them
Cost* , costed isn’t a word.
Latin America is currently the largest market for Chinese vehicles. It's mind-boggling the number of Chinese makes and models offered in Chile.
@ignignxkt The past tense and past participle of the word 'cost' is cost or costed - Webster's Dictionary.
Its needed, the big three think that we are going to pay their outrageous prices, nothing wrong with a bit more variety and competition price wise.
I checked out a Tesla knock off BYD in China before the pandemic. It was a nice car, well built and cost a third of what the equivalent Tesla costs here in America.
Yep EV Price war in China
It helps to have government control over or assistance to the mines, refineries, smelters, transportation, housing, and education portions of the country and economy that reduce your individual company’s costs.
Which is why Chinese labor costs are so low. No education costs, no healthcare costs, lower housing costs, etc.
The average cost to the middle class American under Build Back Better has increased cost per month 700-1k. since 2020.
One point you didnt mention about BYD, is that if legacy auto attempts to block them from selling cars in the US they will return the favor in China. China of course dwarfs the US and EU markets. Not only that, most of them heavily rely on cheap Chinese parts(later assembled in their cars in the US/Mexico), they'll lose that also. This is a lose lose scenario for legacy auto.
Boeing went all in for cheap labor and corner cutting.
No DEI at 19% now they want 50%..💀💀💀💀💀💀💀💀💀💀💀💀💀
Don't forget the share buybacks.
And look where Boeing is
And sub contractors who only hire diversity candidates…like the all female engineering form that made the doors that fell off.
Amurrica.
Normally I am pro American business. However, I don't think American auto business is the best choice for consumers. The consumer has been getting ripped off for years while the OEM corporations are recording profits. Competition is good in the marketplace for consumer choices and prices.
Chinese is certainly not the answer!!
@@kyles2232 fair competition is ideal and I do agree that China typically has been known to not play by fair trade practices. However the US with tariffs distorting price competition. I would hope that a US OEM manufacturer would compete with a foreign manufacturer on price and provide a comparable model and price for the foreign product. If I had a choice between a similar foreign auto and a domestic one i would choose domestic if the difference in price was reasonable.
Japanese brands are by far the best bang for your buck. You’re better off buying a quality used Toyota, Honda, Mazda or Subaru than a brand new American or Korean brand.
Not sure US car market will jump on cheap EV's from China as quickly as you think.
money talks !
No way. The EV infrastructure is nowhere near established enough.
too true
@@ehole593
@@ehole593 The infrastructure is good enough in CA.
Agreed. But not so much in the other 98% of the country.@@hoapres
BYD here in north LA County California has been here at least 6 years that I know of. They got the contract for AVTA busses and they got the made and out on time and the are always running. Competition to bring down inflated priced vehicles is welcome.
This is a repeat of 1970s when Japan started importing small cars and took the small cars segment from Detroit. Now, others will take the EV space if there is one. Since the grid is a limiting factor.
Eventually, EV will be just like cell phones, TV, etc. A throwaway replacement every 5 to 10 years. Besides always getting cheaper as time passes.
EVs get better over time. Batteries motors software. They are one of the fasting developing products on the market. People may buy a new EV to get the latest greatest but if they have a BEV SDV with OTA updates the car will continue to improve. Tesla cars became safer when Tesla adjusted when airbags deploy via an OTA a while back.
In the 1950s US auto makers stopped paying attention to consumers. In came VW and others at better prices for the average guy. The rest is history.
US automakers did not stop paying attention to consumers. The lost the ability to sell cars at a profit.
Dude awesome story about the truck. Thanks for sharing that. Sorry for the loss. No lie I cant wait to watch your rebuild videos of that. Will make a great mini series for ya channel. 🤘🏾
I retired from 30 years truck driving 5 years ago. Now at age 70 the thought of driving in Toronto doesn't even cross my mind. The war on the car in this city has been a massive success - they improved and widened all the highways, but try going downtown - it's like entering hell. Yep, our last great freedom is going away from us.
Elections have consequences, even in Canada. Your friends and neighbors voted for this regime, just like mine in the US voted for the idiots we have in office.
Mass immigration for over two decades
@@boydgrandy5769 The trouble is in the US we get to vote for a pumpkin or a squash. What we need is an apple.
Yep Toronto is nuts. Even Mississauga has better roads and highways.
@@boydgrandy5769 they _cheated_
Anticipated this years ago.
Here’s your cookie.
@@vicariousjohnson9823 it wasnt hard history repeats and ceos dont learn
Wow! Great video today. Lots of great information. 👍
WOW amazing TY so much ,,Keep up the great work
Engineered in China and built by Mexico? Can I just light my money on fire instead?
just paid way more than i really would have wanted to in the past to fix my 03 tahoe, but considering that a new one starts at 4x4 tahoe starts at $60k and doesn't have a live axle anymore, i'll just keep sticking with the 03, it's now running and driving beautifully again and i hope to make it last a 3rd decade. it's a weekend duty truck and not a daily these days
Loved the Blazer story, that will be fun build, and a memory for a lifetime.
Thanks Donny
Great story about your first bid vehicle.
Good, I'm glad BYD is coming in. I'm tired of these manufacture overcharging. This will drive the price down
When they are the last man standing lookout !
I agree. But what will people do with all of the inflated priced vehicles we purchase before then? It will bankrupt people as they can barely get anything on resell market.
@@carlhammill5774 We drive them.
The main issue with BYD is that the car actually has to move in one direction for longer than 3 minutes before bursting into flames so that's keeping them out of the US market for a bit, Chrysler currently has that segment all filled up
Good Afternoon 🌞 Brandon 🌟☀️😁
Paying more than 50k for a jeep or GM is crazy.
Just in Mexico for a month, BYD was the most seen ev while I was there. Yes, way more than than Tesla. Their designs are better looking and better quality. This happens when you fight the future...you wind up in the past. History doesn't always repeat, but does often rhyme.
That's a wonderful Grandfather story. I hope you're able to turn that Blazer into something you can drive and enjoy!
Good afternoon. Good to see you again.😊👍
I had a white 1995 S-10 Blazer that I bought brand new. LS trim, but with a bunch of other nice options! Dark tint windows, auto 4X4 and power everything. It was also body on frame, a little tougher than unibody. It was $18k if I remember right, and my #2 favorite truck of all time!! It drove great, and could still be a truck!! Ahh, the old days... LOL --gary
I bought an S10 new and drove until it rusted out and sold it to the junkyard at 350K. I'd love to get another.
Have you heard of "TOFU-DREG"? It's the term to describe the "quality" of Chinese production.
chabuduo
The biggest TOFU-DREG are the American made Boeing planes! Chinese EVs are hard as tanks. I'll be a happy buyer.
@@dfv671 The 50 cent army is right on time ...
@@dfv671 Tell me you're a little pink without telling me your a little pink...
Thanks For The Pranks
Dan's An Appreciative Man.
I wish you would sell cars and transport them because in Long Island New York finding anything under 5 is almost impossible anything that's decent
BYD, currently in Australia which they seem to be using as their test market are going up straight up against tesla, they are pricing the new SEAL straight up against the tesla model 3. They undercutting model 3 by about 10-13K AUD, their goal for 2024 calender year is overtake tesla to be the biggest EV seller in the Australian market. They have already been selling the ATTO for a few years, they now coming out with Seal direct competition to model 3 and the Dolphin will be marketed as cheapest EV in australia
Let me know how they are running in 4 years.
@@kyles2232 BYD is one of those few companies from China that's been around as long as Tesla, and they are not slowing down or going anytime soon.
BYD has a big problem with their EV's. They have a serious issue with quality control and catching on fire while just sitting. Not charging, just sitting or driving.
Cite?
Oh man! I had a lifted 78 full-size blazer back in the day. My dad and I built the 350 in it together. Loved that vehicle!
My condolences to you and the family Brandon!
What does a BYD and a Zippo lighter have in common? They both light on the first try.
That BYD will burn for 30hr... Like to see a zippo do that! lol
I wish I was joking but you just bought my old impala at auction! I just traded that in to a dealership in January I can give you full details of what's happen with it since I owned it from 2017-2024
we must know more!
In thailand I started seeing GWM "GREAT WALL MOTORS" cars on display in the mall and even some on the roads last 3 years
I'm happy there's more competition!
UAW cars don't show better quality than non union labor. What is the benefit?
None. Unless you are a politician who wants Campaign donations from the UAW.
Untrue. My Jetta was built in Mexico. It's a complete POS.
@@ehole593they also need their oil changed 😂
Uaw just another lobiest
@@revistadearmas SMALL price to pay.
Just what we need. Thanks Joe!
Name a company that's not affiliated with China? It's a global market so wake up. All of your favorite billionaires have businesses in China.
@@dominiicp whats wrong with having American made manufacturing? We know during the pervious president factories were relocating from overseas back to America, including Ford from Mexico. The point i believe hes making is having manufacturing here allows jobs, reinvesting into the community the factory is located in, and a pride in what the nation creates. Not to mention the difference in worker rights from country to country
If you dont have domestic product and only import "cheap products" your economy is not going to fair well compare to others.
FJB!
Hi Brandon. I like watching your videos because you tell it like it really is. I think you're the Paul Harvey of the automotive world. I think I just told you how old I am.
So sorry for your loss 😢🙏
I'm not interested in a car made in; Mexico, Brazil, Korea or China ..... One word. Quality.
Excuse you I have kia that's 39000 and another is a brand suv 70000 my kia is 1000 times better than the brand name one. Lol 🤣
LOL, you are interested in buying vehicle of lower quality? Vehicles made outside the US tend to be more reliable than ones made in US
@@xianzhewang9889 I can steal your Kia in less than 30 seconds. So can any 12yr old.
There is very little distinction where a car is made any more. It’s who is making it, not where it’s made.
We have a Mexican-built Fusion and it been the best Ford we've owned.
Alex deserves a pay raise 💴!
P.S. I’m sure the Teamsters would love to unionize your shop 😆!!
Sometimes I just watch for the "Words are hard" part!
Good job carsalesman
my car was stolen in North Las Vegas this morning - around 7:30am - i had half of my amazon route (about 20 packages) still in the car - they hopped in while i got out to bring the customers package to the door, and within that 20 second time frame they jumped in the car and drove away. The LVMPD (Las Vegas Metropolitan Police Department) recovered the vehicle about 7 hours later around 2:30pm. But they only gave me 30 minutes to come pick it up and obviously i couldnt get there within that time frame - so they towed my car. Now i will have to pay hundreds of dollars to the tow company to get my car back tomorow. Fuck Vegas. So many degenerates in this city..
...but BYD sales are "heating up", literally!!!......
I have faith in your business and like I said before if I ever buy a good used car it will be from your dealership!!!👍😊
My very first car was a 1991 S10 Blazer with a 4.3L motor. I miss that ride.
What up B
Good mabye prices will drop.🤷♂️
It doesn't matter how more cheaper the evs would get the majority of people do not like them and they don't have the infrastructure . Actually people are keeping their old cars longer and if engine breaks they install a new engine than buy a new car.
People are in part waiting for EV makers to install NACS ports on their cars. That was predicted.
thank you
Even free I dont want ev's garbage.
Exactly what your family said in the 70s about the Japanese…look how that played out😎
Yup, I bet it'll cost a pretty penny to dispose of.
When the stupid choice is 2x more expensive you'll probably change your mind. Most people can't afford to be stubborn and wrong for very long.
There is No demand for EVs. California is telling Consumers not to charge their EVs. They are having rolling brown outs, EVs are done
CA is nuts one day they say get EV's and rebates. Next day, please don't charge your EV our grid can't take it.
There is a huge demand for EVs in metro areas, I dont know what you are talking about. EVs are far from done.
Direct from FUD 101 for Dummies. BEVs can make the grid stronger with V2G and home solar which the California power authority is fighting.
@@cashandraven2369 Las Vegas they can’t sell them, California they can’t charge them, see them wait for hours sometimes days waiting for a open charger, Chicago cold winters they have no range, I will keep my gas powered vehicles forever,
Do you think that this situation could cause Ford to halt the building of the Ford Blue Oval plant in W. TN?
I'm not a fan of Fain, but he is spot on about Ford and their CEO. The big three can't compete on price or quality.
The UAW never wants to talk about wage increases and how it affects the price of new cars. It is tough to sell cars to some on that makes make $11.50 per hour(2024,the average hourly earnings of all employees in the United States was at 11.16 U.S. dollars)when the people that build the cars make $20 to $30 per hour.
Ive been saying that for years.
More focus needs to be placed on how executive pay/bonus and stock buyback costs effect the price of new cars.
Not true. 34.57 is the average in the US.
@@martinguerrero1530I JUST LOOKED THIS UP.
First
Is it too much trouble to get the Altima fixed and resell for a little more to cover the cost of fixing it? Serious question
The hemorrhaging of money is directly related to lost sales and storage of unsold vehicles. The Waste of money by the automakers is unbelievable. You can’t have a 60,000 dollar vehicle sitting for a year and expect to make a profit. Interest and storage plus the lack of cash flow because of poor sales is unsustainable. If it wasn’t for the cash flow from the stock holders they would’ve folded a year ago. The average stock holder has no idea how much money they are losing until the stock market crashes. Very few people realize that they are losing money even when their stock value is still increasing quarterly. To get a better idea of what is happening you need to subtract the amount that you invested in your portfolio for that quarter. I don’t know of to many people who do this.
Mexico doesn't have the same safety laws.
Or environmental regulations.
explain to me what that has to do with anything...
@@jwill540 explain to me what that has to do with anything...
Ford don't care. They only care about profits.
Cars have been built down there for years
"Chinese" and "car" in the same sentence kind of scares me.
Not me. Anything made overseas is cheaper. Some of the stuff is good quality. I think the Chinese entering the auto market could revolutionize the entire economy. If they can't sell cars today (because of high union wages) it's not getting better. If Sean thinks he knows so much about the car business why doesn't he walk right into a board meeting and ask to take over?
BYD can smell my diesel exhaust
Govt will either add tariffs or block imports. This has neeve been and probably will never be a fair market. I wouldnt worry about this.
BYD has already announced that they don’t plan on coming to the US market…Yet!
BYD won't likely rush into the US market. There are far more customers available in other parts of the world where they won't have to deal with a hostile government.
BYD has a terrible reputation for catching on fire.
every ev vehicle brand has issues with catching fire etc.. some less then others but they still catch fire.. welcome to EV issues
@@seraphdreamzshow one tesla that has done that. You know that’s lie
@@johnblackhornIt serves as a reminder that, while Tesla cars are generally considered to be safe, they are not immune to the risk of fire. As of November 2021, the National Highway Traffic Safety Administration (NHTSA) has recorded nine Tesla vehicle investigation recalls, with three of those related to potential fire risks. (type in do tesla's catch fire)
@@johnblackhornTesla catches fire at charging station on youtube you can see them just fine on news
Their lithium phosphate batteries fixed that, especially their newer “blade” batteries.
Once the workers at VW Chattanooga saw how much the new UAW contract pay scales were a majority of the workers there have now signed union cards.
Im happy. Maybe it will force the domestics to come down in price
Newsflash.
You won't get cheap cars until government regulations are curtailed.
Maybe dropping tariffs against our friends in China would do the trick.
Newsflash… you won’t get a cheap car until vulture capitalism is stopped. It’s not the old days any more… investors used to buy and hold a company based on growth. Now it’s based on the next quarters dividends. Boeing is proof that you can’t get rid of regulators…what do you get? Hidden/omitted substantive material information that could’ve kept those 2 planes from crashing.
U.S. sells cars in China, seems fair that they would sell their cars here.
China's most popular car brand is Mercedes. US imports are less than 0.8%.
I can’t wait
It's funny when dealers explain why they bid up franchise dealers' vehicles over small dealers' vehicles... I'm a dealer out of Chicago, and I've went to auctions from the top of the Midwest to the bottom. I've seen vehicles from franchise dealers that had issues after issues and was a trade in... and not to mention the repo vehicles. Even when these vehicles run on a red light, dealers go crazy with the bids...and several of them bid on them without a test drive. I can show you post sales after post sales to prove that dealers for the most part are crash test dummies that follow the popular dealerships with blinders on at these auctions.
People gonna complain about a Chinese car spying on them, while using a Chinese made phone and tik tok open.
I have a Korean phone and I have never used TikTok. I absolutely do not trust China. They hate us. They are actively using whatever they can to persuade you to love them. TikTok Is a Chinese propaganda tool.
just a reminder, BYD, specializes in Burning Your Dreams.dont park one close to where you live, or it will be ashes too.
And you're buying a device the CCP controls... If Ford can spy on you via the new ICE Mustang, you better believe these BYD's have all kinds of back-doors controlled by Beijing. Sync your phone with it? All your data and banking info is now in the hands of commies, lol. You'd have to be suicidal to buy one of these when the DoD predicts we'll be at war with the PLA in 2027...
Don’t waste your breath. I’ve tried to make that point on other RUclips channels. Their reliability issues and them taking care of customers during warranty work is deplorable. Just go research them in other Asian market. Don’t know why anyone would spend their hard earned money on low quality product from that country. Just do research on China at this current moment in time and why they are dumping cars here. Look at the state of their economy. For me, this is just to bring awareness. Spend your money how you want.
I've read that the increased wages for the workers translate into about $500 additional per car.
A little competition never hurt anyone
I will never by an EV car with the possibility of it spontaneously exploding into flames. I also don't like range anxiety. Oh and Replacing the battery for $20K is a downer too.