When Will Trucking Get Better? Why is Capacity Not Leaving?
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- Опубликовано: 23 мар 2024
- The two big questions that carriers and trucking industry professionals ask is WHEN will trucking get better and WHY is capacity not decreasing at the level we would expect? In this video we will talk about what experts are saying about the current and future of trucking and then see if what they are saying coincides with our experiences.
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I work at a shop very close to a big reefer mega and let me tell you what, it’s scary how many trailers they got parked out on the grass just rusting away. They’re losing so many contracts to all the brokers that can book them for next to nothing. It’s such a messed up market now.
I have been surviving by only booking partial loads going in the same direction to increase my RPM on each trip it’s more work but it’s definitely worth the extra effort.
You need a Booth at the mid American truck show!
She needs to be a speaker!
Boobs
I only did 67k Miles last, refused to driver for free, but I prepared for this and kept my debt low, but didn't think it would last this long.
It’s very tough right now and having a mental health counselor during these uncertain times isn’t a bad idea
If you can afford one! 😂
Oh man, 3000+ miles per week. As the song said, "Keep Rollin Rollin Rollin"
From January 1st to April 1st I see very little increases in my bank account. I've noticed this pattern has happened every year the past 5 years. Jan to April I'm just surviving. And then come April I start seeing profit every week until November. December I usually don't work all month so.
April to November I'm dedicated to 2 customers. Jan to Feb I just pull random loads to break even.
Same. Late winter & early spring are for house projects, yard work and maintenance.
Great information as always Miranda. I hope things get better soon. Just be patient and pray.
Happy to see how much the channel has grown over the years. 👏👏👏
I have 10 trucks on the road and have been in the business since 1997....I'm like you and want to be optimistic and say soon..BUT REALISTICALLY...a few issues need addressed. 1) our government is manipulating fuel prices to promote the electric vehicle agenda, so no big help getting the economy rolling there. 2) millions of immigrants entering the job sector and getting pushed toward trucking to keep freight rates low to help off set our crazy inflation costs as supermarket consumers. Imagine the cost of bread if we were getting paid what we really should be. 3) We are tough and stubborn and remember the good times along with liking our work...with the economy slow, there aren't many good jobs to run to instead of hanging and hoping. All I can say is come on November!!
Very well said 100% agree
November 24 will determine where we go
Yup just about sums it up. 💯
And when November and January 20th come, what is the best we can hope for? President Jared Kushner Trump?
I don t really think it has much to do with foreign workers and companies. Seriously how much could have changed in 2 years when the rates were great? There were pretty much the same companies and same workers even back than.
Can you provide some sources to support your claims?
Thank you for the information Miranda!
Thank you for yet another informative and in depth video explaining things.
Love your videos. You remind me of my kindergarten teacher. She was so patient with me. Put in terms that I can understand. Thank you.
Thanks. For the INFO. BEAUTIFUL OPERATION PERSONAL 👏
You do a great job. Congrats
Yup we have to stay out longer as well.
I'm doing the opposite booking less loads and staying closer to home. Those guy running hard won't last long, they will get worn-out fisically and financially.
Mee too. Fuck that shit. Local loads only working 2-4 times a week. If You ain t paying, I ain t moving my truck. Truck is paid off, I m ok just surviving for now and enjoy family instead
Doing the same. If I'm not going to get paid to work, then guess what.... I ain't working.
Enjoy your program. God bless you
Thanks for your time and information. Welcome all the time. Wishing you health and power. For all here I wish soon the market turns and we see a better time...☘☘☘🤝
It’s so competitive in this market. Currently surviving with a direct relationship built with a manufacturer. Flatbed short haul. Spot rate market almost did us in. But luckily we have an awesome customer, in an awesome area, with an awesome product. Busy season has begun🎉for us!
I hope it gets better soon
I work for a bigger reefer carrier, have that viewpoint to share. Past two months I'm noticing getting a full load has become rare. Most loads are under 30k lbs now. Also an increase in multistop loads has been happening. Miles are much less now too. Lucky to get 2k miles a week when it was easy and expected to be getting at least 2.5k a week last year. The ceo has made reiterated that no help from DC nor is anything in the works with law makers currently to help this at all. Also noticing coworkers on the road empty, deadheading to wherever they're going. An overall increase in going extra distance just get what's worth doing.
Makes me think that a small box truck would be in the best position at this time based on load flow this year.
yes it does CHERR IT UP. The future is what you make it to be babe. These numbers and trends do NOT determine how well you do. I promise you. If you focus this much on the outside influences you will NEVER do much better than you are. I love this channel but I do not prescribe to the idea that these numbers and trends determine my success. They just dont. Love you Miranda. I hope things get better for you and your business
My buddy works for Minnesota based flatbed company. They get paid something like 26% commission. Recently, he’s noticed the company is taking their fuel expenses off the top. Then drivers get a commission on the net.
He’s pissed, told the company to “ make it right” or he’s gone.
I know times are tough, but screwing the help is low.
By reducing our milage radius and running no more than 100 miles and placing only the minimum insurance coverage of 500k give we are DOT only we saved hundreds. It is hard to find brokers who will work with you with that amount of coverage but well worth the search. We have a dry van and reefer and run watermelon now which is a year round produce and pays well, depending on broker of course. We use 10.4brokerage out of hargill tx
You have to run partials I have to have 2 to 3 loads on my truck to make it worth my while to go past 300 miles
In addition to everything noted, mega carriers are starting to undercut other mega carriers. Not only are they trying to eliminate OO competition with low rates and regulations, they're trying to eliminate themselves. Same with brokers. Same with big tech. Microsoft and Apple led the way. JB Hunt, Prime and Swift-Knight followed.
Great information
I feel that part of the hardship in small carrier trucking, aside from high fuel prices and volatile markets, is the fact that honest trucking companies are competing in the market with dishonest operators. Look at some of the recent crashes that made the news, that are a litmus test of what carriers are out on the roads. Foreign-owned trucking companies with foreign ELD operators that rig the hours on the ELDs. Trucking companies that employ foreign drivers that work for minimum wage, who live in their trucks and send money home to their families in foreign countries. Trucking companies that own one truck insurance policy and fraudulently use it for 10 trucks, or have no valid insurance at all. How do honest carriers (US and foreign-born) compete with carriers that don't pay insurance and pay drivers below minimum wage? One suggestion to clean up this market is for the FMCSA to require brokers to only offer loads to carriers that are US owned and that prove that their operations and ELD devices are located in the US. Just forcing carriers to have the same standards as other licensed operators would weed out so many bad apples and reduce capacity to only those operators running legally, and not running for $1.50 pm loads.
The global cabal, dedicated only to their own wealth, do not care about individuals or even the USA.
Just their own wealth and power
That’s been happening for the past 20 yrs my friend. But yet it has never been this bad.
It blows my mind away trying to figure out how this has not been scrutinized and penalized by FMCSA! More regulations on us based in the U.S.A. ... More regulations that we keep paying for. Keep fighting! Keep on trucking with decent rates! Keep your wits and say no to low rates! We've worked too hard to be crushed by the industry that we work to improve!
It's how our government works. Suck the blood from the honest law abiding person/company to compensate for the dishonest. Easier to pick fruits from a healthy tree than one that is rotting. Path of least resistance.
Keep hustling folks . 💯. We will get out of this .
Peace Ms Info thank you... will stay hopeful..
Since march 1st my numbers are 11904 miles and have grossed $29250. That is over 3800 miles a week for March so far and not much leftover to show for it. I am still young and I am going to have a very long memory and vote accordingly. I am tired of being everyone's piggy bank, especially the governments. I know I don't need to rant here because you are ALL going through the same thing.
Us Farmers hate high dollar fuel too..Plus we have trucks too of course. High dollar oil make high dollar oil. And we use a lot of oil - motor, hydro, crop oil, herbicides, propane and on and on.
Hey I run out and backs, average about 400-450 miles a day and I’m home a couple of nights a week. I recommend all to create a system where you can get consistent freight and just run it over and over and over lol 😂, that’s what kept me in business these past 2 years.
Hello Amanda, Do you believe it’s okay to get a truck what now?
Next year hopefully in second quarter we will be fine.
Hey Ms Miranda blessing
Remember those charts are about a month off. They are normally run a month behind. I have been out for over a month and a half but that's what you have to do right now to make it through all this. All my expenses are covered by the second week of the month. But my daughter says I live like I'm homeless. 😂😂
She’s ain’t wrong
You are homeless with a job …
@@georgiiarakelov6560 I pay rent on an apartment to store my stuff in.. 🤣🤣
You are homeless that has a job
Simple answer is when the company stop getting $1.80 per mile load. Market will increase automatically.
However, small companies owner operators are even getting $1.40.
Impossible to understand what you have written, but at $1.50/mile there is zero profit, though the carrier-driver may not realize this, as they are not calculating maintenance/repairs/drawing down the value of the power unit.
@@davidowen9671 They have loan to pay. They are not looking for profit. They just focus on paying bills.
How can ANYONE run a load 500 miles for under $1,500 ???? Nowadays you’re lucky to get $1,000 for 500 miles??????? Insanity
The way I calcuate is 1$per mile is expenses. 70c per mile is my salary, rest is profit. And so I ain t running my operation for less than 2.5$ mile on a 250miles+ trip
Don't worry imagrants will, very few spot market owner ops,small carriers will be around in 10yrs...
I’ve asked myself the same question over and over…why is it that all services and products have gone up in price during these past few years and trucking rates have been on a decline?
I throw the e log out and keep going
Let’s be honest here the reason we’re at an industry low is because for a couple years owner operators were literally making doctors wages, so everyone rushed in like a gold rush and they’re all trying to wait each other out for better times. Most drivers are used to extremely low wages and so they will hold out for years potentially. Things are probably going to get much worse before supply is culled.
Those get-in-when-the-times-are-good people don’t deserve to be in the industry.
These opportunistic seagulls are not real drivers, and have done nothing but cut in on the high paying freight during covid. They’ve also created problems by inflating available truck supply, leading to decreased rates, as there is more truck capacity than freight supply.
@@cmv8722 don't blame them, because what's really sad is this country has allowed monopolies like amazon and Walmart and others pay people so little that trucking is one of the last opportunities left for people. We've let billionaires and their greed destroy us all.
Is it possible that some of those net increases in carriers are due to some bigger companies, with lots of OO running under their authority going under? those OO need to get going but may have been played and don’t trust to be under some other company, so they go under their own authority?
Also I have a friend running his truck under a larger carrier for whooping 25% (using their trailers). Recently he had to take $1 per mile load to get out of Colorado, and realized that after fuel, he got same amount of money out of this load as the carrier. That doesn’t even including the truck maintenance and stuff which makes it he actually less than the carrier. Especially with current prices of equipment, he decided to buy his own trailer and go under his own authority. I believe he’s not the only one that realized there isn’t much to share with the carrier with those rates.
Victims of Government regulations paid for by Mega Carriers.
‼️‼️‼️‼️
So true! All our problems come from the States and the Federal Gov. It was created to be a referee, not a player. The Logistics Market stopped being free; the moment Govs stepped in.
More likely, it's a low barrier to entry !
@@estebancarballo8240 you can’t be serious right? When trucking was at its healthiest rates were literally regulated by the government same with train and airline, it was deregulation that allowed a race to the bottom. Also the lack of gov regulation is why we have monopolistic mega carriers starving drivers. Learn your history and stop listening to the billionaire propagandists
@@estebancarballo8240Not true, when Trucking’s was at its healthiest pre 1980 the rates were literally set by government, so was train and airlines and they provided amazing jobs with pensions. It was deregulation that caused race to bottom and allowed monopolistic mega carriers who don’t pay their workers.
We, small carriers, are to blame for the ridiculous rates in the market today. Shippers are still paying good money for loads. They usually pass the transportation costs to their costumers. If carriers put their trucks on the right area and wait for the right time, they will get a decent rate. The problem is that we are too desperate to get home and to book these lower rates.
So, a broker called me and offered $4 per mile, I said nope, give me a $1 per mile, smh!
Hey thank u Miranda LLLLEEEETTSSSSS GOOOOO!!!
Its important for truckers to set a Min workable rate, and then proceed to take loads above that threshold. Unfortunately most older MC's would rather have their trucks idle, than take loads near that Threshold Rate. which in itself causes more revenue loss. In this market something is always better than nothing, and keeping your trucks on the road, albeit with less profitability will ultimately help truckers weather the storm.
I’m new to trucking industry and I just started my truck company in California . Any suggestions on how to maintain my def on my Freightliner? I don’t know much about truck emissions
You dont need advice, you need a prayer!
I have a question (A bit new to this Industry), what exactly do you mean by Capacity?
$1.50 per mile will have to change very quickly Miranda. Thx 🙏 Ed
What if this is the new normal for rates ?
SPRING MARKET WAS ALWAYS VERY SLOW, EVEN IN HOT PERIOD IT WAS MUCH LOWER THEN OTHER SEASONS
With profound respect, you folks are crazy. 😂😂 Leased trucks, rented trailers and newer driver's? I wouldn't be able to sleep at night under those conditions. Hats off to you because that has got to be a handful right there.👍👏👊
I have to agree with you on this 100%
as far as I've heard truck dealers at the brink of bankruptcy,,,, and they don't do so good,,, I wish good luck to everyone,,, I asked my company to increase my wages this year my boss said if you want you can quit because i am helpless now,, if there is any truck company I will join but there is no guarantee that my paycheck will go through because many of my friends' check bounces,,,
I stay out for 2-3 months and typically go home for 2-3 weeks. This last hometime I got home on February 24 and left out yesterday March 23. I hope it picks up soon or I’m going to shutdown in November and put my truck up for sale. I currently own $43,000. By November I’ll only owe around $20,000. Should be an easy sell with 600,000 miles.
I am not sure if things will change much moving forward. Trucking is just a highly competitive business, and the one with the least expenses will survive.
Miranda ❤️❤️
Los Angles Times article by Noah Bierman....."Why gig worker law not international"........How has fired dock/port drivers doing?.......many CDL holders not doing driving jobs,if something better around.
“Up to the wazooo 🤣
Everyone wants to know when things are going to get better. I’m not an economist but I am pretty damn old and I’ve seen a lot. As long as inflation stays above 2% the Fed isn’t going to ease policy in any meaningful way. In other words interest rates are going to stay up and until that turns the consumer is going to hold back on spending. This will keep trucking. From growing. I work for a middle sized carrier and we stopped hiring in November. We are trying to keep volume the same with fewer people. The good news for me is I’m making more money than I ever have. The bad news for me is I end up working on the weekends more than id like.
Things will get better but probably not at the same time that the Fed is taking a big stick to inflation.
this is a topic i am interested in. how do they or you or anyone find info that supports the stats and graphs. what websites or whatever is used.
for example recently trump lost a lawsuit for misrepresenting the value of his assets. i know for sure as a driver alot of companies pull whatever tricks they can to make more money and they misrepresenting things to the public, including bankruptsy fraud, money laundering schemes, antitrust violations while representing to the public they are actually competing inhibiting job creation and economic growth while trying to say that the market influences them but when it's antitrust they have enough power to influence market not the other way around. etc.
but to help improve the trucking industry it's useful to find these kinds of infos but at the time to proceed with caution.
So, currently surviving by two week to pay everything and two weeks of net income but, not really because not every week we make the same amount of money. Roughly we can realistically said 2/3 of income goes out the window if everything goes well
That shouldn t be the case. On a revenue of 15k a month, what goes out of the window for me is no more than 6-7 k. 2k insurance 700$ trailer rent 2500$ fuel, 500$ truck depreciation, 1000$ for truck maintenance and breakdown
We need change in gov. lower inflation along with interest rates folks will be able to afford things
Very generic down to earth analysis , hence viable and realistic. I am glad to witness that the market is warming up day by day in line with my expectations due this year. This months I am in tact with gross expecting to be around 35k. Loads available even in crap areas hence rpm will grow steadily. Obviously most of us including my self stay out of home 28-29 days to break even and make some extra profit. Very basic survival formula.
How d you work 29 days just to break even man?Desperate people like you are the reason of this crappy market. Just park your truck or do local
I think this low pay rates will stay for ever regardless because brokers already know how cheap they can pay and they will continue to profit . Unless new law to cap broker profit.
I wonder how many new drivers are coming to the CDL life compared to the previous years. It feels like the mega carriers continue to hire just to keep trucks rolling and contracts fulfilled. I tend to work 4 weeks and then take 3 or 4 days off each month. Cost are high and revenue is mostly flat or down month over month this year for me.
As long the border is wide open and poor people from 3rd world countries are coming….nothing good will happen to this industry and this country.
In Europe was the same story not to long ago…people from Eastern Europe and Africa,Russia,Asia etc were pouring in like crazy…rates plummeted and truck drivers from those Western countries either has to quit trucking or work for a lot less…..so don’t expect nothing soon to happen.
Now with internet connections,many dispatch and brokers don’t even have to bother to be in US or Canada…they can’t even be checked by no government…and many truckers from those countries are running with just a temporary working visa…
Companies,ATA and Democrats are so happy about it…the inflation is fixed finally in trucking industry.😂😂😂😂
They dont need to make money off the load. They get gov subsides for Training drivers plus being self insured helps. One accident can put smaller carriers in a problem. They buy trucks that they dont have to pay for until they move so a truck can sit in the yard for 3 yrs and never pay a dime. The leasing and Balloon payments helps them pay for the truck out of the drivers pocket. The Balloon payment helps them keep the truck when the driver cant pay.
@@RomeoUrsu-fy9qo the reason those immigrants come here is because the billionaire class wants them here for cheap labor, they’re goal is to starve you and your family because that’s how they get rich. Donald trump won’t save you either, nobody wants dirt cheap labor more than him, guys lying through his teeth, pandering so he can get elected to rob the kitty in other ways.
It’s turrible out here
Turrible?😂 Don’t know about that but heard it was terrible 😂
he misspelled it on purpose to show deeper emotion dummy lol
@@Prodigal1
@@Prodigal1 definitely worse than terrible. It’s damn turrible
Expenses are up the wazoo
👍
Thats correct cant even take a week off without going under
When the rates are going to get better??? I know the answer !!!
Owner operators
Stop hauling cheap freight . Park your truck !!!!
Drivers , do not drive for less than 1 dolls per mile !!!
That is the only answer !! The rest is bs !!!
Shippers are making sure Trucks go out Full due to the increased inflation.
If experts were experts then trucking wouldn't be bad for everyone 😅
Yet people keep saying it’s a trucker shortage lol. There’s to many trucks parked which means it’s a shortage of decent paying freight not driver’s.
2300$ weekly net
Tier 1 regional Company driver
Michigan based
Is how I survive
I feel all the pain though still
I appreciate 🙏the hard information and I have a crush ❤on your accent
LOL 😂 👍☺️
Three weeks out, one week off? How did anyone make any real money with that amount of downtime?
😂😂 yesterday before I hit the road I was like ready let's go 😂😂😂 the hand gesture and everything 😂😂
Love that!
If you had a regular 9 to 5 job making $20 an hour and your boss says hey I'm going to cut your wages down to 15 how many people would say okay I'll just work more hours and that is exactly what all these owner operators are doing which continues to increase capacity and lower rates and the crazy thing is because they're wearing out their truck they're only one repair away from going out of business so all you guys are doing is burning up the equity in your truck and trailer
Agreed but what are they to do ? I guess eventually they’ll be forced to go out of business I reckon because right now there just taking loans I suppose
@@BlessednFree you have to decide in advance at what point are you just throwing good money after bad. Goldman Sachs makes their money by knowing when it's time to walk away
Miranda? What is the wazzoo ? 👍
No idea but the expression felt right. Wherever wazoo is, I want to go there
1900 a week I seen them for 600 a month
No bueno..
No it is not gonna get any better and my anxiety is through the roof.
We are just braking even.
I think it’s a good sign. We are having loses consistently for last 3 months so far
But if I get one major breakdown, I will not reinvest into the truck I don't see it anymore. After 36 years, this has been too long to be breaking even. For me at least
@@sardoryunusovhow is it a good thing
@@Jose-gq8wcyea it’s getting crazy
3 weeks out, 3 days home :’)
No life
@@muskratjoel what is life for you?
I am just getting into the Trucking and Transportation industry. Learning the industry and the terminology. I do understand policy and politics though. We are waiting for Biden and his policies to be vacated. We need to reduce regulations on the industry as a whole and drill baby drill, reduce the cost of energy (Trump will do just that), we need to expand and grow the pie( grow our economy) Trump will do just that with policy changes making it more business friendly . We are waiting. You need to look at the numbers during the recovery from Obama's 8 year reign of terror and regulation. Examine the amount of growth from 2017, 18, 19 pre- covid. It will take at least a year to normalize and get our economy booming again after Trump wins the Presidency and fixes a lot of the problems. Fuel is almost 3 times higher than 2018. Now, if we dont get Trump elected, we may very well be screwed all together. We have some people that dont like talking politics, but the policies either have a positive impact on our lives, our jobs, our bank accounts or they have a negative impact. We are in this mess because of policies put in place by the Democrat Party. The energy policies and regulations alone have almost wiped us out. We need to MAKE AMERICA GREAT AGAIN! It is more than a campaign slogan, It is about how we want to live, work, play.
Look at the numbers Miranda and let your viewers see them and show them why the policies affect the numbers. I learn alot from your experience and knowledge and I appreciate you very much.
Thank you, Johnny -- Roun2it America - We will Make America Great Again -
Ever think about moving OUT of California?
every day
Your better off working at Taco bell after expenses and taxes and total hours away from home you will be at roughly $ 10-$15 an hour its a scam all of it
Capacity is not leaving because we all got bills to pay. I'm sure some people can move but most of us don't have much other skills and already have too much invested in this career, especially us owner operators.
I’m an o/o and I need
To do is run about 3k miles per month so I can cover my monthly bill, so I can stay alive .
I aim to 4 dollars per mile . So far I averaged 3.5 all miles .
I can’t compete with cheap labor truckers
What area are you in? I ve found thaf it all comes to find the right place and right lane. Although market is generally bad there are still some decent areas/lanes.
Foreign drivers 75%
Turrible 😂?
When this market pops off it’s going too be biblical lol 😂
Trucking is a cut throat industry, I’ll stay company 👍😂
Waiting for the bloated companies to break.
I can pay myself 60c a mile and run my truck on 75c a mile.
So that means i can even take loads paying 1.35 and still survive.
The mega carriers can not do that.
All that being said i generally don't take loads under $2 unless I'm getting out of Florida or new Mexico.
Honest comment. Assuming your truck is paid off. But need to set aside 30 cents for maintenance though
We owner operator that have truck paid off and manage costs can afford not to be profitable and still survive by paying ourself 75cents a mile. But that shouldn t be the goal. Just a consolation knowing that big companies cannot afford that. In order to breakeven generally they need to average 2$mile. That s why for dryvan We ve been sitting on this average for over a year. This is the rate where if you go lower, some companies will leave the market bringing the rate right back up.
Trucking is modern day slavery. This is def my last week
Capacity isn’t leaving because it’s not bad as the numbers portray. I run dry van and avg $3 mile on about 1800 miles a week. It’s not great but not bad enough to park my truck. I’m definitely making decent profits. Not able to save 6 figures is my only complaint
Where the heck are you averaging 3 bucks a mile on dry?
@@xxthehuskycaboosexxhe’s full of it. All cap 🧢
@@Patrickz94 right? I was boutta say, 3 bucks a mile on dry, there no way lmao
@@xxthehuskycaboosexxmidwest possible for some trips, but hard to average that consistently for 1800miles a week.
Your videos are great. This isn't normal but come November the enthusiasm will build toward then election. A trump win will get substantial gains in October and up from there. Trump is our savior
If the Tyson bs is correct, then you can what’s gonna happen to the trucking industry!!! These mega carriers will do just that!! Bring in folks for hardly anything!!! We’ve already seen this in a small picture. You know what I mean..
Too many trucks.
I posted my truck on Truckstop in N Charleston last week, and I got 5 calls asking if I was available. That almost never happens.
Also, truck auction prices have crashed. There are a lot of trucks no longer on the boards.
TRUMP 🇺🇸 2024! MAKE PAYCHECKS 💰 GREAT AGAIN!
No thank you.
No. Not that broke "billionaire" grifter ...
Yeah right your delusional
@@vroor32
well den vote 4 dat crakhead dad
@@reginaldjohnson8569
vote 4 zewlinski den
Manny imigrants by many trucks and plug over capacity . Im trying spick whit them and ansver NO Spiking English(its illigal)and take rates any kind because dont care< living in trucks.Owners from Chicago hiring drivers 80% from ukraine because no family hir , no expenceand living in trucks. Many dont spiking English.Biden give only 2 yaers temperary job permit and no resident status..its oround 2000000drivers. Why everithing go to crushingand be continius to 2 kwarter 2025. Most go to bankrupt . Good luck! Im still driving but soon shut off. Drive 45 years and nothing left!