I purchased a 2012 Laramie for $41,000 fully loaded paid cash that same truck is close to $80,000 and they want to tack on another $10,000 plus adjusted market value, they can stack their poor quality vehicles to the moon and I won’t purchase another from any of them
I have a 2012 Laramie Longhorn diesel I am not trading that in come hell or high water take damn good care of your Vehicles boys make these dealerships pay
Unfortunately there are a lot of suckers out there. As long as they can “afford the payments” they will buy what they want. These crooks hike prices 30 grand over where they should be then make it look like knocking off 6-10 grand is a deal. We as a customer base need to go on strike. No one needs a new vehicle. Buyers should just refuse to buy these overpriced vehicles. I know people who have never owned a new vehicle in their lives. I know for me the new Rav4 I bought my wife at the beginning of 2020 for 29k will be the last new vehicle I ever buy if prices stay the way they are now.
Yep then they will be finally in line of what MSRP should be. I remember rebels in early 2020 were going for 39k before tax tag etc new for the base Rebel. Luckily I was smart and passed even then 😂
Price gouging is happening even more outrageously in the dealers' service departments. Some dealers are charging $18 a quart for oil, this is on top of their labor charges.
They should have a Diamond Trim for all truck makers. Nothing really different except maybe a color....then charge the dummies who want to pay way over MSRP top dollar so they feel good about getting bent over by dealers.
I think what he means by collapse is that almost no one is buying these expensive trucks, a price cut doesn't constitute a collapse in the market. Slow or no sales would be more of a collapse.
'03 F-150 with 217k and climbing. Starting to rust a little on the back bed corners, but otherwise, still running strong. And will keep going with whatever repairs come along.
20 year old Ford Ranger, 25 year old Jeep Cherokee Sport, and 30+ year old Mercedes.. All paid for the last 15 years.. Cost less to maintain per month than a payment on a new and unreliable vehicle..
@Dennis-ff2pf there's a lot of people that need a truck. And even more that buy them just to say they have a truck. No guy wants to drive a KIA and have their woman look at them like a sissy boy.
Exactly. Anybody would be crazy to pay these prices for a truck that won't have warranty after 3 years. You could potentially have a $100,000 paperweight in your driveway in 3 years. The combination of high prices, and dropping quality has customers running away from dealers.
That and don't forget the interest payments are through the roof right now. In Canada they're charging 10% interest on $120,000 truck. That's f****** insane
my moms dodge truck just blue the cam shft and valves huge bill and out of work cause she is a pilot truck driver. nothing to rough just highway miles! her 2015 ford has 750k and only had to replace the tranny. motor is just sluggish now but still...
Tried negotiating a Mach-E and the dealer inflated their MSRP so much the only response I received was “Our models have different options and packages and no one will offer them at these prices. I literally pulled quotes from local dealers with lower prices with the same window sticker and they still kept replying with ours have more options on them they’re different lol. Well then you can hold onto that “different trim” for another 180 days 😂
Mach E has a service interval & is extremely inefficient. Just buy a Tesla model Y. $44-45k and no dealer…. Ford has 10 X the warranty issues of Tesla.
@whowhy9023 Go by a gas Camry for under 30k which gets 28 city/39 hwy mpg. The $15k you save over the price of a Tesla will by you a decade or more of gas and maintenance on the Camry. And you spend 5 minutes filling up instead of a hour or more depending of the changer. Time is money.
Avalon or Camry hybrid, 40+ mpg and it's designed to go 250k miles, taxi companies are running Toyota hybrid packages to 300-500k miles, running 24/7 in Vegas/San Francisco... Reliable!! And reasonable in price..
Japan/American Competitors are already on it. It's a literal 'Rinse-and-Repeat' from the 70's fuel crisis that crippled the American Car Manufacturers, vs the ultra-high efficiency of all the foreign Makers.
I recall a vivid memory from a recent visit to my local Ford dealership. I was there to pick up a small part, and during my visit, I witnessed a heated exchange between a customer and a service representative. The customer was extremely frustrated about his new F-150, which was back in the shop for repairs for the third time without being fixed properly. The intensity of the situation was at a police level. So glad I did not buy a new car being built after 2019. So many issues and poor quality review. It's concerning to think about the potential damage that can occur when new cars are left stationary and unused for extended periods, like over 60 days. Such inactivity can lead to various issues, including rodent hotels, rot and deterioration. I'm sorry, any FORD bronco over 50K is just poor product placement.
Parts made in China from potmetals and substandard aluminums, cheap parts made in Mexico that wear out within a few months.......and put together by robots that don't have the capacity to know if they are doing it right or wrong......they just do what they do, and thats it. So yeah, craptastic vehicles. It should be a felony to sell something brand new that doesn't work perfect for at least a year before any problems set in.
I've been told with the bronco don't buy the sport but buy the v6 as they're two entirely different vehicles same body and interior yes But the sport is unibody where's the v6 is full frame and much better quality. This is from someone who sells cars and not for Ford
@@mewregaurdhissyfit7733 my mechanic told me id be a complete fool to sell my 05 silverado 2500 HD 4x4 ,, said even with 145k miles on it its still better then the trucks on the lot ,, and i only paid $28k for brand new
Sure don't feel like Ford is cutting back, been building 700 plus a night since we came back from strike, out chassis line been doing 900 plus those are not normal numbers. 640 for us and 800 for chassis
Since all three automakers have just about doubled their prices on their vehicles in the last three years it makes me suspect them of price fixing which is illegal
Me and my family bought a brand new 1994 Pontiac Grand Prix from the dealer I was 14 at the time. I remember us debating do we get a new GMC Sierra or the Prix because they were both fuckin awesome vehicles at the time and I remember them both being reasonably priced....
Oh yeah. I brought my 2009 ford F150 . Brand new. And I still have it.. 4 hundred thousand miles on it.. and it’s still running strong. I’m on my second transmission. In 10 years. !! Go figure
@@dirtbeard108I remember i traded my Honda gold wing.. it only had 34 thousand miles on it. To my next door neighbors son. He had a 1988 Buick grand national.. with 87 thousand miles on it.. with a power steering leak. !! Good memories.
It was never about demand, tons a demand for trucks, just not for $65-75k out the lot for a truck that's worth no more than $40k , that's deal breaker across the board for 90% of truck buyers. Like you said 2019 that truck was $43k,today (post PPP) it's $73k!
Right....the manufacturers have put SO much money into the failing EV market that they have to jack up the prices on the vehicles that actually sell just trying to stay solvent. Ford supposedly lost $36,000 on every EV they've sold for MSRP...and you can't stay in business like that. I think we ALL saw the reality of trying to push EV's as hard as the Biden administration idiots did would end in ruin....and here it is!
The problem is that there’s always a few suckers that’ll pay these ridiculous amount of money for a truck that’ll devalue so quickly (ford, GM and Ram) that the dealers will never bring it back down to reasonable prices. If they can reel in 10 idiots a month they are winning. 70-100k x10 already a big win for the brand!
@@johnappleseed9290 the problem is they oversupplied, sitting with rotting inventory eats away at profit margins dude. Cars are a depreciating asset, even for newer units, because they still gain wear and tear as they sit on the lot. The longer it takes for them to rotate their stock, the harder it becomes to equalize it through the "suckers".
@@Skumm93they’re deprecating assets for the first 15 years from new. The vintage market would say otherwise as to them being deprecating assets. I suggest you look at 30 year old+ sports cars. Toyota mk4 supras that were 30k new are 6 figure cars in a stick, even in automatic they fetch above their original msrp. Boomer classic sports cars were 3k new and now fetch anywhere from 20k to 250k+ depending on configuration. Some 50-80 year old trucks have changed hands for a quarter million at auction. If the whole depreciation line was correct you would think you could buy an old and I mean old car for chump change.
@@Bonanzaking you’re comparing apples to oranges my man, those are collectibles and fall under a different pretext to 70% of the average car market, new and used. For every collectors car or niche item for either fun or restoration channels, you’ve got five daily drivers and old beaters that are constantly going down in value as their mileage ramps up. These trucks are not collectors pieces, they are main purchases and are highly over valued. The longer they sit and gather issues to bigger that gap in actual asset value, and asking price gets. These are not C4 corvettes, these are not Thunderbirds, these are not Supras or any weird little set of toys for boomers and Gen Xers. These are modern fucking trucks that are literally a fucking dime a dozen in quantity.
I am honestly just glad that (despite the many headaches it has given us over the years) our 2011 GMC Sierra still holds strong. Got it used from my Uncle years ago, and it has served well for me ever since.
I have an 11 silverado 2500hd 170,000 love it. These new trucks are crap. I would never spend that on a new truck I'd go buy a farm tractor first that will work on the farm.
Bring back entry trims at $29K, mid trim at $45K, and highest trim at $60K and we will start buying again. btw, mid trim means leather seats at the minimum.
I’ve said it before and I’ll say it again. When you take advantage of your customers when they are in a bad situation or any other time, they don’t forget. I’ve owned several retail businesses. The first thing I told my sales people was that we will not gouge people for any reason. I don’t care if they live in the trailer park or park avenue. My main business was started in 1960. We have no intention of changing our profit margins. Ever!!! Been ready to buy a new truck for over a year as my 2014 ram is ready for another home. I generally trade every five or six years. I have a top-of-the-line ram 1500 that was $48,000 in 2014. Same truck today $88,000 before dealer bull.
Since your a long time truck buyer when was the last year a basic sound system , no fancy screen , rubber floor , steel rim work truck type of deal available ? I couldn’t find any in 2018. I wanted a basic truck for me and my pup . Crazy cruise control is an add on option now a days
It isn't just auto dealers and manufacturers doing this. A lot of studies are showing price increases for food and other products didn't have as much to do with inflation as it did with companies just jacking up prices for higher profits and then trying to use inflation to cover for it.
They got their stock bonuses after they cut production of EVs to save profits. That’s what made the last quarter look profitable. Now they are dumping 10 billion into the stock price. Which increases their bonuses by millions.
@@jpnguyen11 ToysRus was sabotaged by that RINO cvck Mitt Romney. Bain Capital did a leveraged buyout, loaded ToysRus up with crushing debt (Bain pocketed the money), and then said "good luck in trying to turn the company around!"
I make pretty good money over a 100 K, and I would never pay more than 40000 for a brand new truck. And if you asked me, that's pushing it. I predicted this back in the 90s when I bought my last brand new truck, the market was pricing themselves right out of business. Sad.
Never going to happen. The average buyers thinks they need big touchscreens, heated seats, heated steering wheels, navigation, blind spot detection, auto cruise control, and 400 horsepower. There isn't a single manufacturer that's going to check those boxes and get the truck price under $40k. Yeah yeah "people want simple trucks without that stuff". Yeah they always (ALWAYS) claim that but when those stripped down options were offered, they didn't sell. And the cost of meeting latest CAFE requirements is driving up R&D costs to make Joe Biden's regime happy, so that cost is handed down to truck buyers.
@@hochhaul You are confusing truck buyers with the people that are looking for a car that is shaped like a truck. Take Ford, the only trucks they produce anymore are the F250 and up. The so called F150 has become a bulky car that look's like a truck. Complete with 4 banger instead of a engine. But someone that needs a truck? They will not pay the F150 prices for a vehicle that cannot haul or pull anything except for groceries or a lighter RV.
@spencesanders7879 That's the truth. I have said for a while that the Ram 1500 was nothing more than a truck shaped car with a balcony out back once they went to a soft multilink suspension and emphasized the soft ride and shiny interior. Since the mid 2010's they were selling half-tons with as little as 960 lb payload ratings. The worst part is they still told people the truck was "rated" to tow 10k lbs. Once Ram pushed the soft riding luxury sedan angle, the other manufacturers started chasing after that same buyer with reduced GVWR's and tiny twin turbo engines.
@@hochhaulyou’re right. I was just thinking about that too.. that’s why I still have my 2008 FORD 150. With 4 hundred thousand miles on it.. I’m on my second transmission. In 10 years. !! Go figure.
Man, you're doing things right! Huge respect for collaborating with other, youtubers in the car space, huge respect for not only not using this as a platform to sell, but also recognizing the conflict of interest there, and for being able to work with the dealership that you're filming on to be able to film. Keep it up man, you're really kicking butt!
What is he doing right? Scamming people regularly by virtue of being a dealership? Considering dealerships are going under, I'd say he's doing that wrong as well
It is sad to see how much America has fallen. I remember clearly an era when made in the USA meant high quality. I remember merchandise made back then was very durable and lasted "forever". Even toys did not break. Appliances lasted 50 years.
"Dealers remain stubborn on price" Only one way this can happen they got or are getting $ from some place else. I tried to buy a bargain new truck in 2008 during the "great rescission" All the dealers blew me off WHY they were getting bailed out with YOUR $. There is something else happening here.
The pricing base set by the manufacturers added to by the dealers greed ends up with a product the customer can't afford. It does seem strange that all car brands got to this by incredibly bad market planning. There may be something else that drove the lemmings off this cliff.
Even though I approved at the time, turns out Obama shouldn't have bailed out the Big 3 back in '08-'09. Americans further financed their global expansion and now they don't really need us anymore! There's an obvious vacuum here: Who's gonna step in and fill it with reasonable, demand based prices...?
Unfortunately in Australia we are still seeing between $80-$100k plus prices for 5 year old 1500 Ram Laramie or F150, F250 prices with high mileage on the used car lots. Absolutely out of control prices. Bring on the collapse to bring back realistic prices.
I've wanted to buy a truck for a decade now. 10 years ago, the prices were a bit high but it was more of an income problem. In the past 5 years, it's been a "How TF" do people justify paying that much for a F'ing trucks?!? problem. It doesn't actually cost them that much more to make a truck. The last time I looked it up, it was an extra $6K to actually manufacture a truck vs a full size car. YET they want double or triple the money for them....
There is a large segment of the population that will take on stupid debt. Just drive by and smile knowing that you have money in the bank and live stress free.
If greed should be punished. You should go to the place you work. Tell them you want a 10000 dollar a year pay cut. Otherwise you are greedy. Just like the truck manufacture.
The problem isn’t greed, it’s that legacy manufacturers are simply unable to solve production efficiency problems, they can’t reduce their supply chain costs (way too many middle men because there’s no vertical integration), and they can’t build a reasonable car while employing low productivity union workers, it just isn’t possible, even if you reduce the executive’s salaries, that’s minimal and is not the problem at all.
@@plem7210no. difference between making enough to live and feed your family than purposely inflating prices to gouge a person for every cent they can. They can absolutely afford to drop prices and still make profit. Nice try, go breathe somewhere else
Thank you for all your Help!!!!! I'm looking for a used car and the prices are too high so I appreciate you giving me your insight and expertise on what is really happening in the business!!! I'm not a rich man so this is very helpful for me and I'm loyal to your RUclips channel
In addition to this, the longer you wait, the cheaper things will get. This is also known as deflation, and anyone who borrows money is afraid of deflation. Anyone who borrows money loves inflation because their debt just inflates away. All these trucks are on borrowed money none of them has been bought!
@@ouethojlkjn One big thing about deflation is the job losses. Even if you’re not the one that lost your job the fear of job loss is a sellers nightmare. Don’t matter what the price. Everything stops in deflation even banks.
My first home was only $36K. I paid cash for my 2000 Dodge TD Ram pickup. MSRP was $36K. I bought the truck used 1 year after manufacture for $16.5K. Still own that house and still driving my Dodge! These new trucks dont have anything I need in a truck. It will pull anything I want to hook up to it.... And still looks, drives and works like it did the day I bought it because I've taken care of it. Don't want or need a new truck .
I had to get rid of my 2020 mustang GT premium with super low miles because out of no where my insurance doubled. Got 10 other quotes and every quote was doubled and some was tripled. I've had zero tickets, zero accidents, perfect driving record for over 20 years. No reason for my insurance to skyrocket like that.
I ordered a 24 Ford Maverick in June. I finally got a build date scheduled for Feb 24. I tried to get a Maverick ever since they started making them, but kept missing the small window of opportunity. The demand for these Mavericks is so high you don't see them just sitting on lots. They should make what the consumer wants. I thought it was a bad move when they stopped making the small Ranger with the 2011 model. Consumers want a capable small truck.
I work for one of the big 3 and knew this would happen eventually. Been saying for years that truck prices were getting waaaaay out of hand. Combine that with 7-8% interest and here we are...Dead sales. My local dealer wanted to buy mine and trade up, told him nah, I'll just keep mine and maintain it well.
At the beginning of the the year I bought a 2008 mazda 3 for $1800 with 120k miles. After replacing the motor mounts and a bunch of suspension parts, its a fantastic car, and I'm in for $2300-$2500 total. Can probably drive for the next 10 years. Just replaced an alternator in my 2002 Ford Escape. That has a book time of an 8hr job(billed hours). If you figure $100-150 an hour(average in my area), you are at $800 to $1200 just for labor. Add parts and you are at $1100-1500 for the full job. I have done the job before and it did take 8hrs. I did it myself in like 5hrs as i decided to lift motor to get alternator out on suspension side, instead of removing top of motor like the book says....saved hours. So instead of $1100-1500, I'm in for $110 and the ford is back on the road. I can go out and buy a new car cash, but I don't see the value in it. Plus most of the year, I ride "classic" motorcycles that I got non-running and fixed for pennies on the dollar. Self-sufficiency doesn't seem very common place anymore. Lastest thing is the "coming" ammo crisis.....I'm just gonna sit here making ammo better than the factory stuff(at less than 10% cost of factory )...just like anything else smart people prepared. lol
These trucks, ( no matter what make it is) are priced about double what they worth. I paid 19,000 for my 99 F-150 in 2000. It still looks good and runs good. I'll put a new engine in it when the time comes for 3-4 grand and keep driving it rather than spend 70k on a new one.
It will be very interesting to see where this goes. Most higher trims I see locally (Charleston, SC), are now discounted say $15K…of their ridiculous high msrp. They will have to discount them another $10K before folks even consider looking
2023 was a challenging year, but I managed to make $70,000 before taxes as the sole breadwinner and head of household. It's a good starting point, but I'm always looking ahead on how to improve. I have 2 autoloans on a truck and a sedan hoping for a miracle to offset them as refinancing is more expensive in the long run.
You might want to consider starting with a different approach, like the snowball method. Focus on one loan, usually the smallest one, and direct all your resources to pay it off while maintaining payments on the others.
Another option is to work with a money coach or investment advisor. While an investment adviser focuses on the long term, a money coach can help pay off all your debts, maximize cash flow, and create systems for proactive money management.
I agree, a financial adviser could also provide a holistic plan for your money, addressing both short and long-term goals. I've been consulting with Monica Mary Strigle in NY, and it's been transformative. Making over 100k in the past 8 months with a portfolio of barely $90k gives me high hopes for 2024.
That's impressive! Who is Monica Mary Strigle, and how can I reach her? I've tried finding a good adviser around me, but it seems impossible without exorbitant fees. Can you share her fee structure as well?
MonicaMaryStrigle is highly ranked and renowned among investors in NY and WA. I was referred by a friend at the Washington Post. You can find her online, and her fee structure is reasonable considering the invaluable guidance she provides.
If the banks fail, we may see a lot of these trucks just go to the shredder to eliminate overstock like the bulldozed houses in 2008. 2025 is going to be interesting indeed.
@@RUclipsuser1aa you just need to read. It’s a very simple google but you just are incapable of logic or record searching. I’m not in college you’re not my professor I don’t have to research things for you.
Oh 100 percent and we will bail them out with our tax dollars again. CEOs should go to jail if their company fails miserably and they have to be bailed out by us the people.
I was a salesman for Dodge and the prices were/are crazy. I sold through Covid and it was wild how fast the higher trim models could get close to 6 figures. I sold a Ram limited 2500 with the Cummins that came out to $98k before tax and title!
@@JKenpachu This right here is why this video is all hyperbole and prices will never go down. Many of his videos talk about the car market like it's always about to crash but from my perspective, it's always status quo where prices keep going up and people always keep buying them. The only difference between now and 3 years ago is the amount of inventory.
Dealerships will be eventually forced to sell the products at MSRP and offer certain rebates and incentives to simply push inventory off the books. Perhaps there will be lots of mergers and acquisitions on dealerships in an attempt to also absorb to prevent further financial ruin.
Great video. Can you imagine spending 80k plus markup and the truck breaks down right away? Then you have to bring it back to the dealer that ripped you off. Then not only do they not want anything to do with you, there’s no parts and nobody qualified to fix the truck if there was. This is what nightmares are made of… lol. In my opinion the big 3 are done. Probably counting on another bailout and we’ll pay for that too. It never ends
Toyota isn't any better. Tundra engines blowing up left and right. The 3rd gen Tacoma was rated least reliable midsize truck by CR for 3+ years in a row and was nicknamed the "turd gen" for all the howling diffs, fuel pump failures, engines stalling in traffic, oil leaks, brake module failures, transmission issues that went on for years, etc.
@@stevenj421 Sounds like the guy you know with the Ram 3500 isn't telling you something. Ram doesn't just deny warranty on a truck with less than 2000 miles for anything. If he was tuning the truck, deleting emissions equipment, etc, he should have known that his warranty was voided.
In Jan 2021, I bought a new 2020 F150 Reg Cab XL 4x4 otd for $27,500. $12k off. That truck is now $48k with best case $3k off. $18k higher in 2+ years.
@@mvc2177 I visit the local Ford dealer where I bought a truck in 2016 and 2018. The salesperson I worked with said the only people buying are those that have too due to a wreck,etc. They are discounting 2wd trucks, but not 4wd.
There are a lot of "toys" being listed on Facebook Marketplace. I'm seeing a lot of classic cars, boats, and specialty vehicles (like Broncos, F450s, etc) being listed that I haven't seen over the last few years. People selling that sort of stuff is the classic sign of desperation and in some cases just people preparing (i.e. getting cash) before a recession.
Am hoping they keep cranking these things out! At some point the realization will kick in and the prices will implode! When 80k is replaced by 40k let me know!!!
Always said the truck and SUV craze was going to end and it now looks like it is finally happening. And I think in the next three years the big three (GM, Ford, Chrysler) is going to revisit the 1970's all over again as they can't sell their over bloated models while the Koreans and Japanese can as they never abandoned the basic and smaller car market.
I was in the car business from 1985 to 1999 and those seemed like dog years to me. I still have friends in the business and from what they tell me one thing hasn’t changed, more often than not it comes down to the payment. There’s money to be made financing vehicles so be prepared to see some pretty creative programs out there. We were all together right before Covid hit and they were talking about how prices were rising quicker than they thought they would and one of the guys, a finance manager, told us that it may be hard to believe but it wouldn’t be long before we had 10 year loan terms. We all kind of laughed. We aren’t laughing any more.
Appreciate you being so honest about everything, I have been watching you for a long time and have added you all the time ago and I am looking to purchase a new vehicle but I'm waiting for you to say go for it,,, You're doing a very good job with educating all of us please keep up the good work
Great video, when you mention the Limited being their highest trim level that is incorrect. At least here in Texas. The Platinum and King Ranch (trim level here in Texas) supersede the Limited trim level. I was looking at an Expedition and this is where I was educated in the trim levels of Ford. I too assumed Limited was top of the line and was informed it is the Platinum trim level. Keep up the great videos!
Those Special Orders are good to point out. As far as I'm aware they're customer orders that backed out. I reserved a lightning in Canada, they wanted $121,000 back in january, I canceled, but they still built it and tried to pressure me into it. It's still sitting at the dealership asking $102,000 with the Special Order badge front and center.
The discounts at Ram are not enough being they increased their MSRP more then the other brands. They will need to cut some of them by 25 percent being some of them like jeep have risen by 50 percent since 2018.
This kind of thing is happening up in Canada too. I bought a new 2019 custom trailboss for 45k. That same trim at 2023 is 65k. The sales guy tried to get me into his lot to get an appraissal for my truck. Let's just say his appraisal plus the price of a new truck had me laughing so hard that he thought i was actually gonna buy, my sides were hurting. Plus. You're right about the quality. 1 year after normal driving a oil coolant hose popped off spilling oil all over the road. Luckily it was still under warranty. Got it towed to dealer and fixed. Now 3 years later my back up camera isn't woek8ng properly. My transfer case wasn't shifting to 4wd. So yeah, i dont know if i could trust new trucks anymore than i can trust a used one. My verdict? No more overpriced brand new vehicles for me.
So it just goes to show you that a large percentage of pickup sales was for people who didn’t need a pickup but wanted them for an image or the two times a year they go to the dump or hardware store.
@@novadhd But that's the rub. It's a minivan. No matter how much more practical a minivan is than a truck in most cases, many people do not want to be seen driving a minivan. As previously stated, "image".
@@novadhdexactly, but the problem is that people don’t want to be caught dead in a minivan which to me is stupid, if you have an actual use for a pickup, fine go ahead, but if you need a family car, a towing car, and a cargo vehicle, you can’t go wrong with a minivan
Northern Utah here. Some dealers are marked down as much as $8,500 below MSRP on 2023 new F-150. It feels like there's way more to come. Overflow lots are stuffed (including at the airports all over the region)
They can rot on the lot. If I can buy a used truck for $5,000; $10,000, or $15,000, and put another 5Gs into making it run well, why would I ever want to buy a $50,000 plus truck?
The Government actually has stepped in to make it so that dealers CANNOT bait and switch the prices plus not adding on their junk/BS fee's. Though it's not coming into law until July of next year, it's still coming and hopefully will stop these ridiculous prices or bait and switch tactics dealers have been doing.
At this point in the world, if you believe that the government is stepping in for the sake of helping everyday individuals, you need to wake up. The current government acts on its own self-interests.
I currently have a 2017 Platinum and it has metal trim work that feels like actual metal. I rented a 2023 Lariat and it had the "metal" trim design as well but it was just plastic painted to have the same looking design. Cheap Cheap Cheap and costing so much!
Recalls on these vehicles tells me that these manufacturers are so concerned with pumping out inventory that their quality control is suffering so bad.
This is the Big 3’s PLAN. All 3 plan on a 2009/like taxpayer funded bailout THIS time, instead of Generally Morons and CRISISler. All planned,my friend. CB
We the consumers have spoken....do with what u will with that statement. We're sick of these greedy dealers and we've dealt with it for a couple years now. Now finally it's our turn. To punish them for their schemes we still shud not buy for atleast 2 more years. Market adj is bs its just an excuse to be able to price gouge ex the oil business
Has nothing to do with the dealers or the manufacturers.... it's Bidenomics. You don't really think they can print money out of thin air without consequences, do you??
Anybody who is planning to buy a car used or new. Call the dealer and ask if the prices they ask has market adj. if yes forget about it that means the dealer is gauging the prices to you
Dealers and manufacturers have done damage to themselves. The amount of recalls with poor quality builds and super high prices with interest rates being way over board no one can or will finally pay for them
What’s your advice for buying F250-350 fleet vehicles for pressure washing fleet? Will buy flatbed, service bed, or cab and chassis configurations. Need reliable and professional looking trucks at bargain prices to support my startup budget.
A dealer can knock 10K off of a 73K truck, but it is still cost to much for most folks. BTW, I bought a new loaded 2013 F-150 Platinum, and the MSRP was 46K. OTD 39K and some change. In 2023 that truck starts at just a frogs hair under 65K. And Ford wonders why they can't sell them. Anyone would expect the price to increase over the years, but no one expected the prices to increase so much. Also, congratulations on hitting the 200K subscriber mark.
I hope this is happening in Canada also. I don’t need a new truck but I would like a new work truck or a dedicated hauling truck. But it’s not all about the price with me, I want all the bad driver aids removed! If you need lane departure assist reverse braking assist it’s dangerous and annoying. My old lady has a brand new tundra limited it’s super nice… after I turn all that crap off!
It is way worse here in Canada. Any truck over 100K CDN (75K USD) is subject to an additional luxury tax which is an additional 10%-20% on top of the regular 15% tax. You are paying around $25% tax on a 100K CDN new truck. Exotic cars over 200K CDN are paying 35% in tax.
@@markadler8968 wtf are you talking about? "It's way worse in canada" < your words. Are you confused? I'm agreeing with you. I live here, I can speak from experience, thanks.
There is also the possibility that if trucks are not being sold, the demand for pickups is diminishing, and buyers may go back to sedans and coupes. Just wondering.
Ford and GM sell way more sedans, hatches and small pickups in other countries. They won't sell them here because the big pickups make them the most money and up to this point, people were willing to shell out for them. I'd love to see the Chicken tax abolished and see what happens.
What cracks me up and I fall outta my chair thinking about it, the CEO's insist that they are so damn smart. (Retired GM Dealership Parts Department Counterman 45 years last summer of '21 Los Angeles and Orange Counties California 😎)
I demand a $25,000 truck with no air conditioning and roll up windows. I will make a bed liner myself. Keep your satellite radio and your heated seats.
Didn’t the truck market just crash in last week’s video. I’m confused lol. Dealers can’t be hurting that much I went 2 dealers last week just to see how desperate dealers are. They were willing to come down 3-4 thousand off msrp. That isn’t desirable enough for me to buy.
I know where your lot is LOL, I live very close to it. Plus I drive by it multiple times a day. I keep looking for you filming but I haven't been by yet while you were doing so.
Dude, your monologue at the end just makes me want to drive wherever you're at and buy a car. However, I bought a new Ranger last year and am not in the market. I used the X-Plan for disabled military vets and basically, my final price was MSRP. I was able to cut out all the hidden dealer fees, etc. too. And, I was treated with respect and not pushed towards anything.
Hey dude you gotta do a video about the small 25-35k cars, you focus a lot on trucks and i get that but we would love to know if the same stuff is happening for small budget cars like the civics and corollas or if we should wait. Congrats on 200k btw !
BOOM! Glad I could be a part of this video Brandon. These truck prices are nuts.
Thanks for coming on Matt! Your footage was great!!!
There's a truck nuts joke in there somewhere.
Sweet Lord those Tundra's are hideous.
The collaboration was epic 👏🏼
I was waiting for you to make the joke.@@BillyBobDingledorf
Refusing to buy those overpriced vehicles is our greatest weapon. We've been ripped off for too long by these dealership.
I have a 2015 Ram paid off and REFUSE to pay those insane new prices!!!
I'll offer $35k for what they are asking $75k for.
I purchased a 2012 Laramie for $41,000 fully loaded paid cash that same truck is close to $80,000 and they want to tack on another $10,000 plus adjusted market value, they can stack their poor quality vehicles to the moon and I won’t purchase another from any of them
I have a 2012 Laramie Longhorn diesel I am not trading that in come hell or high water take damn good care of your Vehicles boys make these dealerships pay
If I'm going to pay $80k for a PU it's def going to be a Tesla monster truck. HA!
(tho I must wait 3 or 4 yrs to take delivery)
Until they knock $25k to $40k off msrp, they aren't going to sell.
Exactly!
Unfortunately there are a lot of suckers out there. As long as they can “afford the payments” they will buy what they want. These crooks hike prices 30 grand over where they should be then make it look like knocking off 6-10 grand is a deal. We as a customer base need to go on strike. No one needs a new vehicle. Buyers should just refuse to buy these overpriced vehicles. I know people who have never owned a new vehicle in their lives. I know for me the new Rav4 I bought my wife at the beginning of 2020 for 29k will be the last new vehicle I ever buy if prices stay the way they are now.
Yeah and STAY THERE. Insane they've been getting this much anyway.
They are waiting for the last boomer to run out of money.
Yep then they will be finally in line of what MSRP should be. I remember rebels in early 2020 were going for 39k before tax tag etc new for the base Rebel. Luckily I was smart and passed even then 😂
Price gouging is happening even more outrageously in the dealers' service departments. Some dealers are charging $18 a quart for oil, this is on top of their labor charges.
They’ll nickel and dime you to death.
A little math: when for 2+ years trucks are selling for as much as $40,000 over FMV, a $6000 cut is hardly a collapse.
It’s the beginning of the end. Just like the housing market; the banks, dealerships, and legacy are trying to hide the losses.
They should have a Diamond Trim for all truck makers. Nothing really different except maybe a color....then charge the dummies who want to pay way over MSRP top dollar so they feel good about getting bent over by dealers.
I think what he means by collapse is that almost no one is buying these expensive trucks, a price cut doesn't constitute a collapse in the market. Slow or no sales would be more of a collapse.
It's like a department store over pricing their goods 200% then saying they are having a sale for 50% off.
Sales collapse, not price collapse.
I own a 20 year old silverado and a 30 year old 1500. I love them and they are far superior machines than any trucks made in the last 15 years.
Right. I got a 21 year old car. Parts are cheap.
I just purchased a 2003 Chevy. Last year before the accountants fully took over.
'03 F-150 with 217k and climbing. Starting to rust a little on the back bed corners, but otherwise, still running strong. And will keep going with whatever repairs come along.
Yess the machines are wonders
20 year old Ford Ranger, 25 year old Jeep Cherokee Sport, and 30+ year old Mercedes.. All paid for the last 15 years.. Cost less to maintain per month than a payment on a new and unreliable vehicle..
Man, I'm glad your car lot is doing well. You are doing a great service for people who just want a cheaper option for transportation.
And the Knuckleheads that paid way too much are the same people getting them repoed right now
You need a truck for your business you have no choice.
@Dennis-ff2pf there's a lot of people that need a truck. And even more that buy them just to say they have a truck. No guy wants to drive a KIA and have their woman look at them like a sissy boy.
@@Dennis-ff2pfbuy a van.
@@lsq7833 a van don't work when going to a rig in the middle of nowhere.
Exactly. Anybody would be crazy to pay these prices for a truck that won't have warranty after 3 years. You could potentially have a $100,000 paperweight in your driveway in 3 years. The combination of high prices, and dropping quality has customers running away from dealers.
That and don't forget the interest payments are through the roof right now. In Canada they're charging 10% interest on $120,000 truck. That's f****** insane
people with money are paying those prices.
my moms dodge truck just blue the cam shft and valves huge bill and out of work cause she is a pilot truck driver. nothing to rough just highway miles! her 2015 ford has 750k and only had to replace the tranny. motor is just sluggish now but still...
@@Bewefau Those people who have money are fools to pay so much.
@@BewefauStupid people "with money" are paying those prices.
Got to impress the neighbors ya know.
I am never buying a new truck, and the used car market is also feeling the strain, due to the overpricing of these new trucks. The struggles are real.
As a consumer and former car salesperson, it always bugged me when trucks were closer to $100k vs $50k. I’m amazed it took this long.
Tried negotiating a Mach-E and the dealer inflated their MSRP so much the only response I received was “Our models have different options and packages and no one will offer them at these prices. I literally pulled quotes from local dealers with lower prices with the same window sticker and they still kept replying with ours have more options on them they’re different lol. Well then you can hold onto that “different trim” for another 180 days 😂
Why would want a piece of garbage Mach-E in the first place?😂😂😂
Mach E has a service interval & is extremely inefficient.
Just buy a Tesla model Y.
$44-45k and no dealer…. Ford has 10 X the warranty issues of Tesla.
@whowhy9023 Go by a gas Camry for under 30k which gets 28 city/39 hwy mpg. The $15k you save over the price of a Tesla will by you a decade or more of gas and maintenance on the Camry. And you spend 5 minutes filling up instead of a hour or more depending of the changer. Time is money.
Avalon or Camry hybrid, 40+ mpg and it's designed to go 250k miles, taxi companies are running Toyota hybrid packages to 300-500k miles, running 24/7 in Vegas/San Francisco... Reliable!! And reasonable in price..
@@carbonking53 Time is your most VALUABLE asset, as you age. CB
Build what people can afford and need. To much greed at the top.
Japan/American Competitors are already on it.
It's a literal 'Rinse-and-Repeat' from the 70's fuel crisis that crippled the American Car Manufacturers, vs the ultra-high efficiency of all the foreign Makers.
That would be pro-socialism and anti-capitalism. No one is forcing anyone to buy these overpriced trucks.
Too
too many poors everywhere. The greed is in all of us.
@@AniwayasSong repeat text.😡. CB
I recall a vivid memory from a recent visit to my local Ford dealership. I was there to pick up a small part, and during my visit, I witnessed a heated exchange between a customer and a service representative. The customer was extremely frustrated about his new F-150, which was back in the shop for repairs for the third time without being fixed properly. The intensity of the situation was at a police level. So glad I did not buy a new car being built after 2019. So many issues and poor quality review. It's concerning to think about the potential damage that can occur when new cars are left stationary and unused for extended periods, like over 60 days. Such inactivity can lead to various issues, including rodent hotels, rot and deterioration. I'm sorry, any FORD bronco over 50K is just poor product placement.
Parts made in China from potmetals and substandard aluminums, cheap parts made in Mexico that wear out within a few months.......and put together by robots that don't have the capacity to know if they are doing it right or wrong......they just do what they do, and thats it.
So yeah, craptastic vehicles.
It should be a felony to sell something brand new that doesn't work perfect for at least a year before any problems set in.
The only thing as bad is buying an overpriced new home of incredibly poor construction and pathetic labor quality .
I've been told with the bronco don't buy the sport but buy the v6 as they're two entirely different vehicles same body and interior yes
But the sport is unibody where's the v6 is full frame and much better quality. This is from someone who sells cars and not for Ford
@@mewregaurdhissyfit7733 my mechanic told me id be a complete fool to sell my 05 silverado 2500 HD 4x4 ,, said even with 145k miles on it its still better then the trucks on the lot ,, and i only paid $28k for brand new
Delete this comment, you have no idea what you’re talking about.
Sure don't feel like Ford is cutting back, been building 700 plus a night since we came back from strike, out chassis line been doing 900 plus those are not normal numbers. 640 for us and 800 for chassis
Since all three automakers have just about doubled their prices on their vehicles in the last three years it makes me suspect them of price fixing which is illegal
They will this until Chinese car arrives.
Ahh good ole Capitalism is great ain’t it!?
My money ain’t went up but all costs have.
Funny how that works.
I don't think you know the legal definition of price fixing
Bidenomics
I got two dealers quote 48k and 42k for a maverick 😂 i laughed at the salesman.
Hopefully you checked some smaller to mid size dealers out of the major metro markets. You’ll find better pricing and service.
That is freaking ridiculous
Double the price the liars at Ford teased us with.
Isn't that like a 20k vehicle??
Would have said, “I’m only buying one truck, don’t need the price for two?” 😂
I hate to admit how old I am, but I remember when people bought Silverados and F-100s because they were so much cheaper than Sedans.
I'm old enough that I bought a new half ton 4x4 for less money than I paid for a Honda Goldwing the same year.
Me and my family bought a brand new 1994 Pontiac Grand Prix from the dealer I was 14 at the time. I remember us debating do we get a new GMC Sierra or the Prix because they were both fuckin awesome vehicles at the time and I remember them both being reasonably priced....
Oh yeah. I brought my 2009 ford F150 . Brand new. And I still have it.. 4 hundred thousand miles on it.. and it’s still running strong. I’m on my second transmission. In 10 years. !! Go figure
@@dirtbeard108I remember i traded my Honda gold wing.. it only had 34 thousand miles on it. To my next door neighbors son. He had a 1988 Buick grand national.. with 87 thousand miles on it.. with a power steering leak. !! Good memories.
It was never about demand, tons a demand for trucks, just not for $65-75k out the lot for a truck that's worth no more than $40k , that's deal breaker across the board for 90% of truck buyers. Like you said 2019 that truck was $43k,today (post PPP) it's $73k!
Right....the manufacturers have put SO much money into the failing EV market that they have to jack up the prices on the vehicles that actually sell just trying to stay solvent. Ford supposedly lost $36,000 on every EV they've sold for MSRP...and you can't stay in business like that.
I think we ALL saw the reality of trying to push EV's as hard as the Biden administration idiots did would end in ruin....and here it is!
The problem is that there’s always a few suckers that’ll pay these ridiculous amount of money for a truck that’ll devalue so quickly (ford, GM and Ram) that the dealers will never bring it back down to reasonable prices. If they can reel in 10 idiots a month they are winning. 70-100k x10 already a big win for the brand!
@@johnappleseed9290 the problem is they oversupplied, sitting with rotting inventory eats away at profit margins dude. Cars are a depreciating asset, even for newer units, because they still gain wear and tear as they sit on the lot. The longer it takes for them to rotate their stock, the harder it becomes to equalize it through the "suckers".
@@Skumm93they’re deprecating assets for the first 15 years from new. The vintage market would say otherwise as to them being deprecating assets. I suggest you look at 30 year old+ sports cars. Toyota mk4 supras that were 30k new are 6 figure cars in a stick, even in automatic they fetch above their original msrp. Boomer classic sports cars were 3k new and now fetch anywhere from 20k to 250k+ depending on configuration. Some 50-80 year old trucks have changed hands for a quarter million at auction. If the whole depreciation line was correct you would think you could buy an old and I mean old car for chump change.
@@Bonanzaking you’re comparing apples to oranges my man, those are collectibles and fall under a different pretext to 70% of the average car market, new and used. For every collectors car or niche item for either fun or restoration channels, you’ve got five daily drivers and old beaters that are constantly going down in value as their mileage ramps up.
These trucks are not collectors pieces, they are main purchases and are highly over valued. The longer they sit and gather issues to bigger that gap in actual asset value, and asking price gets. These are not C4 corvettes, these are not Thunderbirds, these are not Supras or any weird little set of toys for boomers and Gen Xers. These are modern fucking trucks that are literally a fucking dime a dozen in quantity.
I am honestly just glad that (despite the many headaches it has given us over the years) our 2011 GMC Sierra still holds strong. Got it used from my Uncle years ago, and it has served well for me ever since.
Keep it, don't even think to sell it and get new overpriced garbage trucks.
I have an 11 silverado 2500hd 170,000 love it. These new trucks are crap. I would never spend that on a new truck I'd go buy a farm tractor first that will work on the farm.
Bring back entry trims at $29K, mid trim at $45K, and highest trim at $60K and we will start buying again. btw, mid trim means leather seats at the minimum.
Trucks? Lol
Bring back the affordable work trucks.
I'd be happy with a vinyl bench seat and roll-up windows as long as it has a good engine and a strong drivetrain for 35k
totally agree!
Your price level is still way too high for me
I’ve said it before and I’ll say it again. When you take advantage of your customers when they are in a bad situation or any other time, they don’t forget. I’ve owned several retail businesses. The first thing I told my sales people was that we will not gouge people for any reason. I don’t care if they live in the trailer park or park avenue. My main business was started in 1960. We have no intention of changing our profit margins. Ever!!! Been ready to buy a new truck for over a year as my 2014 ram is ready for another home. I generally trade every five or six years. I have a top-of-the-line ram 1500 that was $48,000 in 2014. Same truck today $88,000 before dealer bull.
Since your a long time truck buyer when was the last year a basic sound system , no fancy screen , rubber floor , steel rim work truck type of deal available ? I couldn’t find any in 2018. I wanted a basic truck for me and my pup . Crazy cruise control is an add on option now a days
@@JamieFaux-qi6ipand a basic Am/FM only radio to🫢 boot.
I hope so BUT there a New Sucker born today Unfortunately.
It isn't just auto dealers and manufacturers doing this. A lot of studies are showing price increases for food and other products didn't have as much to do with inflation as it did with companies just jacking up prices for higher profits and then trying to use inflation to cover for it.
@@mayssmduh, that’s how it works
Oh no, you mean Mary won't get her performance based $29,000,000.00 bonus this year? What will GM do without her great leadership?
They got their stock bonuses after they cut production of EVs to save profits. That’s what made the last quarter look profitable. Now they are dumping 10 billion into the stock price. Which increases their bonuses by millions.
No way. All genius CEO will receive mega bonus. 😂
They’ll go bankrupt before they cut executive bonuses. Remember ToysRus? They were paying out bonuses to executives even as they were liquidating.
That's alot of zeros
@@jpnguyen11 ToysRus was sabotaged by that RINO cvck Mitt Romney. Bain Capital did a leveraged buyout, loaded ToysRus up with crushing debt (Bain pocketed the money), and then said "good luck in trying to turn the company around!"
For $95k it should at least have one full bathroom.
It’s called the truck bed…..😉💩😂
O just a toilet right in the middle of the bed no stall walls no nothing I'll pull my pants down and take a fat shit in front of everybody.....
With this amount you can buy a house in Jordan😮
😂😂😂😂😂😂😂
I make pretty good money over a 100 K, and I would never pay more than 40000 for a brand new truck. And if you asked me, that's pushing it. I predicted this back in the 90s when I bought my last brand new truck, the market was pricing themselves right out of business. Sad.
I see plenty on the road where i live in Alabama. 100,000 dollar trucks with 4,000 dollars worth of wheels and tires on them.
This is satisfying to see. Don't feel bad at all for the greedy dealers.
I feel bad for the tens of thousands of people who are going to lose their jobs because they refuse to lower prices
They need to be in $36K range for people to even consider buying a new truck. Once you get over $40K people look at buying used.
Never going to happen. The average buyers thinks they need big touchscreens, heated seats, heated steering wheels, navigation, blind spot detection, auto cruise control, and 400 horsepower. There isn't a single manufacturer that's going to check those boxes and get the truck price under $40k. Yeah yeah "people want simple trucks without that stuff". Yeah they always (ALWAYS) claim that but when those stripped down options were offered, they didn't sell. And the cost of meeting latest CAFE requirements is driving up R&D costs to make Joe Biden's regime happy, so that cost is handed down to truck buyers.
@@hochhaul You are confusing truck buyers with the people that are looking for a car that is shaped like a truck. Take Ford, the only trucks they produce anymore are the F250 and up. The so called F150 has become a bulky car that look's like a truck. Complete with 4 banger instead of a engine. But someone that needs a truck? They will not pay the F150 prices for a vehicle that cannot haul or pull anything except for groceries or a lighter RV.
@spencesanders7879 That's the truth. I have said for a while that the Ram 1500 was nothing more than a truck shaped car with a balcony out back once they went to a soft multilink suspension and emphasized the soft ride and shiny interior. Since the mid 2010's they were selling half-tons with as little as 960 lb payload ratings. The worst part is they still told people the truck was "rated" to tow 10k lbs. Once Ram pushed the soft riding luxury sedan angle, the other manufacturers started chasing after that same buyer with reduced GVWR's and tiny twin turbo engines.
I think the high price of new trucks. Also affects the price of used trucks. So used trucks are not exactly cheap either.
@@hochhaulyou’re right. I was just thinking about that too.. that’s why I still have my 2008 FORD 150. With 4 hundred thousand miles on it.. I’m on my second transmission. In 10 years. !! Go figure.
People want to buy cars from you because you’re a honest man there is nothing wrong with you showing your small business 😊
Man, you're doing things right! Huge respect for collaborating with other, youtubers in the car space, huge respect for not only not using this as a platform to sell, but also recognizing the conflict of interest there, and for being able to work with the dealership that you're filming on to be able to film. Keep it up man, you're really kicking butt!
What is he doing right? Scamming people regularly by virtue of being a dealership? Considering dealerships are going under, I'd say he's doing that wrong as well
@@shamancredible8632 what's your picture of?
When an inverse relationship between quality and price is their current business plan, this is where we are at.
Stick a fork in it….
😩🥵🤮🤷🏿♂️. 🤡🌎
It is sad to see how much America has fallen. I remember clearly an era when made in the USA meant high quality. I remember merchandise made back then was very durable and lasted "forever". Even toys did not break. Appliances lasted 50
years.
"Dealers remain stubborn on price" Only one way this can happen they got or are getting $ from some place else. I tried to buy a bargain new truck in 2008 during the "great rescission" All the dealers blew me off WHY they were getting bailed out with YOUR $. There is something else happening here.
Dealership is not the manufacturer. They are independent businesses. They didn’t get any bailouts in 2008.
Yep! Exactly! There's something that is keeping the prices at elevated levels, definitely not demand.
Yep, that something is called “stupidity “
The pricing base set by the manufacturers added to by the dealers greed ends up with a product the customer can't afford. It does seem strange that all car brands got to this by incredibly bad market planning. There may be something else that drove the lemmings off this cliff.
Even though I approved at the time, turns out Obama shouldn't have bailed out the Big 3 back in '08-'09. Americans further financed their global expansion and now they don't really need us anymore! There's an obvious vacuum here: Who's gonna step in and fill it with reasonable, demand based prices...?
I'm a Ford guy but wouldn't trade my 2000 F350 7.3 for ANY brand new model and I have 278k miles
Unfortunately in Australia we are still seeing between $80-$100k plus prices for 5 year old 1500 Ram Laramie or F150, F250 prices with high mileage on the used car lots. Absolutely out of control prices. Bring on the collapse to bring back realistic prices.
I've wanted to buy a truck for a decade now. 10 years ago, the prices were a bit high but it was more of an income problem. In the past 5 years, it's been a "How TF" do people justify paying that much for a F'ing trucks?!? problem. It doesn't actually cost them that much more to make a truck. The last time I looked it up, it was an extra $6K to actually manufacture a truck vs a full size car. YET they want double or triple the money for them....
I’m in the same boat. I make good money and I don’t understand how many people around me are making $1k+ payments
There is a large segment of the population that will take on stupid debt. Just drive by and smile knowing that you have money in the bank and live stress free.
Know but there over paid works might be the problem.
@@RUclipsuser1aathats nother i know people here where we live payments 1600 to 1800 but they get 59cents a km for using there trucks and free diesel.
High demand and previously low supply.
This brings a smile to my miserable face. Greed should be punished and extreme greed should be punished extremely!
CA$H... what the consumer/vehicle purchaser HAS, and what the Stealership
NEEDS... Who has the UPPER Hand? CB
If greed should be punished. You should go to the place you work. Tell them you want a 10000 dollar a year pay cut. Otherwise you are greedy. Just like the truck manufacture.
Oh yeah.. I still have my 2008 ford F150. With 3 hundred thousand miles on it.. and it’s still running strong !!
The problem isn’t greed, it’s that legacy manufacturers are simply unable to solve production efficiency problems, they can’t reduce their supply chain costs (way too many middle men because there’s no vertical integration), and they can’t build a reasonable car while employing low productivity union workers, it just isn’t possible, even if you reduce the executive’s salaries, that’s minimal and is not the problem at all.
@@plem7210no. difference between making enough to live and feed your family than purposely inflating prices to gouge a person for every cent they can. They can absolutely afford to drop prices and still make profit. Nice try, go breathe somewhere else
Thank you for all your Help!!!!! I'm looking for a used car and the prices are too high so I appreciate you giving me your insight and expertise on what is really happening in the business!!! I'm not a rich man so this is very helpful for me and I'm loyal to your RUclips channel
Once people get to a point they don’t want to spend, it’s hard to get that mind set to change.
Consumers with the means
Hold ALL the Good Cards,
However, sometimes are a
little short on gray matter. CB
In addition to this, the longer you wait, the cheaper things will get. This is also known as deflation, and anyone who borrows money is afraid of deflation. Anyone who borrows money loves inflation because their debt just inflates away. All these trucks are on borrowed money none of them has been bought!
@@ouethojlkjn One big thing about deflation is the job losses. Even if you’re not the one that lost your job the fear of job loss is a sellers nightmare. Don’t matter what the price. Everything stops in deflation even banks.
@@farmerdude3578 Sadly, you are 100% right on that
I’m there right now !!!
My first home was only $36K.
I paid cash for my 2000 Dodge TD Ram pickup. MSRP was $36K.
I bought the truck used 1 year after manufacture for $16.5K.
Still own that house and still driving my Dodge!
These new trucks dont have anything I need in a truck.
It will pull anything I want to hook up to it.... And still looks, drives and works like it did the day I bought it because I've taken care of it.
Don't want or need a new truck .
Nice man now us young people have to pay 500k for a house and 40k for a newish used truck thats 3 years old fjb
I'm with you, mate.
Cool story boomer🤡🤡🤡
My local Toyota dealership seems to have exploded with new vehicles over the past couple of weeks. Closest thing to a magicians trick I've ever seen.
It was all a lie.
Not only are the prices too high just imagine the insurance costs
Some states tie registration to manufacturer list price. That can really hurt.
I had to get rid of my 2020 mustang GT premium with super low miles because out of no where my insurance doubled. Got 10 other quotes and every quote was doubled and some was tripled. I've had zero tickets, zero accidents, perfect driving record for over 20 years. No reason for my insurance to skyrocket like that.
You'll own nothing and like it? That sux.@@CharmCityRado
is that your first performance car?@@CharmCityRado
I'm just not willing to choose between a new truck or pay my mortgage
I ordered a 24 Ford Maverick in June. I finally got a build date scheduled for Feb 24. I tried to get a Maverick ever since they started making them, but kept missing the small window of opportunity. The demand for these Mavericks is so high you don't see them just sitting on lots. They should make what the consumer wants. I thought it was a bad move when they stopped making the small Ranger with the 2011 model. Consumers want a capable small truck.
Those are insanely overpriced as well.. People buying them, is why we wont see reasonable prices again
@@jmmywyf4lyf dude. They’re like $25,000. They are very reasonable.
Just pile of junk
They don't make those because they don't make as much profit as an F-150.
the Maverick isn't a truck it's a car, it's FWD.
I work for one of the big 3 and knew this would happen eventually. Been saying for years that truck prices were getting waaaaay out of hand. Combine that with 7-8% interest and here we are...Dead sales.
My local dealer wanted to buy mine and trade up, told him nah, I'll just keep mine and maintain it well.
Not to mention the provincial sales tax in Canada from 6-15% making them even more unaffordable!
You can blow your engine and replace it and still be ahead of the current prices
Nice to hear from someone who is on the inside. Love your username btw
At the beginning of the the year I bought a 2008 mazda 3 for $1800 with 120k miles. After replacing the motor mounts and a bunch of suspension parts, its a fantastic car, and I'm in for $2300-$2500 total. Can probably drive for the next 10 years. Just replaced an alternator in my 2002 Ford Escape. That has a book time of an 8hr job(billed hours). If you figure $100-150 an hour(average in my area), you are at $800 to $1200 just for labor. Add parts and you are at $1100-1500 for the full job. I have done the job before and it did take 8hrs. I did it myself in like 5hrs as i decided to lift motor to get alternator out on suspension side, instead of removing top of motor like the book says....saved hours. So instead of $1100-1500, I'm in for $110 and the ford is back on the road. I can go out and buy a new car cash, but I don't see the value in it. Plus most of the year, I ride "classic" motorcycles that I got non-running and fixed for pennies on the dollar. Self-sufficiency doesn't seem very common place anymore. Lastest thing is the "coming" ammo crisis.....I'm just gonna sit here making ammo better than the factory stuff(at less than 10% cost of factory )...just like anything else smart people prepared. lol
These trucks, ( no matter what make it is) are priced about double what they worth. I paid 19,000 for my 99 F-150 in 2000. It still looks good and runs good. I'll put a new engine in it when the time comes for 3-4 grand and keep driving it rather than spend 70k on a new one.
You’re absolutely right the quality of these vehicles they oughta be ashamed of themselves to charge that much money for it
well Ford and GM need to pay those bonuses and union fees
Even the new Tundra is a POS.
@@novadhd You forgot to mention Ram and Toyota. Their trucks have been just as garbage-tier as Ford and GM.
It will be very interesting to see where this goes. Most higher trims I see locally (Charleston, SC), are now discounted say $15K…of their ridiculous high msrp. They will have to discount them another $10K before folks even consider looking
The problem is that folks will keep buying these expensive trucks even with small discounts.
2023 was a challenging year, but I managed to make $70,000 before taxes as the sole breadwinner and head of household. It's a good starting point, but I'm always looking ahead on how to improve. I have 2 autoloans on a truck and a sedan hoping for a miracle to offset them as refinancing is more expensive in the long run.
You might want to consider starting with a different approach, like the snowball method. Focus on one loan, usually the smallest one, and direct all your resources to pay it off while maintaining payments on the others.
Another option is to work with a money coach or investment advisor. While an investment adviser focuses on the long term, a money coach can help pay off all your debts, maximize cash flow, and create systems for proactive money management.
I agree, a financial adviser could also provide a holistic plan for your money, addressing both short and long-term goals. I've been consulting with Monica Mary Strigle in NY, and it's been transformative. Making over 100k in the past 8 months with a portfolio of barely $90k gives me high hopes for 2024.
That's impressive! Who is Monica Mary Strigle, and how can I reach her? I've tried finding a good adviser around me, but it seems impossible without exorbitant fees. Can you share her fee structure as well?
MonicaMaryStrigle is highly ranked and renowned among investors in NY and WA. I was referred by a friend at the Washington Post. You can find her online, and her fee structure is reasonable considering the invaluable guidance she provides.
If the banks fail, we may see a lot of these trucks just go to the shredder to eliminate overstock like the bulldozed houses in 2008.
2025 is going to be interesting indeed.
What banks are failing?
@@RUclipsuser1aathere were the most bank failures since 2008 in 2023. Try reading
@@aaronkelly3035 I asked you which banks. If you can’t answer then don’t.
@@RUclipsuser1aa you just need to read. It’s a very simple google but you just are incapable of logic or record searching. I’m not in college you’re not my professor I don’t have to research things for you.
Oh 100 percent and we will bail them out with our tax dollars again. CEOs should go to jail if their company fails miserably and they have to be bailed out by us the people.
I was a salesman for Dodge and the prices were/are crazy. I sold through Covid and it was wild how fast the higher trim models could get close to 6 figures. I sold a Ram limited 2500 with the Cummins that came out to $98k before tax and title!
And idiots kept buying……
@@JKenpachu This right here is why this video is all hyperbole and prices will never go down. Many of his videos talk about the car market like it's always about to crash but from my perspective, it's always status quo where prices keep going up and people always keep buying them. The only difference between now and 3 years ago is the amount of inventory.
@@JKenpachucause it want their money
Do you offer 30 year mortgages? Is the interest tax deductible? Will you take the truck if I can't pay for repairs after 10 years?
Dealerships will be eventually forced to sell the products at MSRP and offer certain rebates and incentives to simply push inventory off the books. Perhaps there will be lots of mergers and acquisitions on dealerships in an attempt to also absorb to prevent further financial ruin.
In my area, there's a lot of people who don't know what a turn signal or a blinker is.
My dad used to call them directional indicators. When my driver's ed teacher said to turn on my blinker I was super confused. Happy holidays to you!
I was in the auto body & paint industry for over 40 years. I've always hated the automotive industry. But I made a great living working on them.
I've been saying for years that $70k for a truck was insane. Now it's $100k.
50 grand for a truck that’s crazy
No that's Bidenomics
@@bestprice1776you're a dunce if you think this has anything to do with Biden.
50 grand is okay 👍🏼. 70 or 80 thousand is hard to get one
@@bestprice1776Trillions and trillions of dollars borrowed from the Federal Reserve over the last decades is the problem. Both sides did it.
a base model is 50k..........@@SalvadorSanchez-ht6vp
Some of those vehicles cost as much as my house. That's how you know the market is at a dead stop right now
I live in Australia, we have same problem. During covid prices rose by at least 20% and they haven't gone down.
Great video. Can you imagine spending 80k plus markup and the truck breaks down right away? Then you have to bring it back to the dealer that ripped you off. Then not only do they not want anything to do with you, there’s no parts and nobody qualified to fix the truck if there was. This is what nightmares are made of… lol. In my opinion the big 3 are done. Probably counting on another bailout and we’ll pay for that too. It never ends
Toyota isn't any better. Tundra engines blowing up left and right. The 3rd gen Tacoma was rated least reliable midsize truck by CR for 3+ years in a row and was nicknamed the "turd gen" for all the howling diffs, fuel pump failures, engines stalling in traffic, oil leaks, brake module failures, transmission issues that went on for years, etc.
@@stevenj421 Sounds like the guy you know with the Ram 3500 isn't telling you something. Ram doesn't just deny warranty on a truck with less than 2000 miles for anything. If he was tuning the truck, deleting emissions equipment, etc, he should have known that his warranty was voided.
In Jan 2021, I bought a new 2020 F150 Reg Cab XL 4x4 otd for $27,500. $12k off. That truck is now $48k with best case $3k off. $18k higher in 2+ years.
Yeah well they ain’t hurting enough then. Hoping this goes on for a while. 40k plus for a gas guzzling truck is insane
@@mvc2177 I visit the local Ford dealer where I bought a truck in 2016 and 2018. The salesperson I worked with said the only people buying are those that have too due to a wreck,etc. They are discounting 2wd trucks, but not 4wd.
That’s Bidenomics for ya 😂
Thank you for sharing friend. You seem like a stand up guy. God bless.
There are a lot of "toys" being listed on Facebook Marketplace. I'm seeing a lot of classic cars, boats, and specialty vehicles (like Broncos, F450s, etc) being listed that I haven't seen over the last few years. People selling that sort of stuff is the classic sign of desperation and in some cases just people preparing (i.e. getting cash) before a recession.
Seeing the same thing here in the greater Seattle area.
Yep. Glad I just sold my house. Got $150k in the bank. Not that that will get anyone very far in this economy
Am hoping they keep cranking these things out! At some point the realization will kick in and the prices will implode! When 80k is replaced by 40k let me know!!!
Always said the truck and SUV craze was going to end and it now looks like it is finally happening. And I think in the next three years the big three (GM, Ford, Chrysler) is going to revisit the 1970's all over again as they can't sell their over bloated models while the Koreans and Japanese can as they never abandoned the basic and smaller car market.
I was in the car business from 1985 to 1999 and those seemed like dog years to me. I still have friends in the business and from what they tell me one thing hasn’t changed, more often than not it comes down to the payment. There’s money to be made financing vehicles so be prepared to see some pretty creative programs out there. We were all together right before Covid hit and they were talking about how prices were rising quicker than they thought they would and one of the guys, a finance manager, told us that it may be hard to believe but it wouldn’t be long before we had 10 year loan terms. We all kind of laughed. We aren’t laughing any more.
Appreciate you being so honest about everything, I have been watching you for a long time and have added you all the time ago and I am looking to purchase a new vehicle but I'm waiting for you to say go for it,,, You're doing a very good job with educating all of us please keep up the good work
Great video, when you mention the Limited being their highest trim level that is incorrect. At least here in Texas. The Platinum and King Ranch (trim level here in Texas) supersede the Limited trim level. I was looking at an Expedition and this is where I was educated in the trim levels of Ford. I too assumed Limited was top of the line and was informed it is the Platinum trim level.
Keep up the great videos!
You should see the areas around the Claycomo plant in Kansas City. No more room to park any more trucks or vans.
Let’s get some photos posted please.
Those Special Orders are good to point out. As far as I'm aware they're customer orders that backed out. I reserved a lightning in Canada, they wanted $121,000 back in january, I canceled, but they still built it and tried to pressure me into it. It's still sitting at the dealership asking $102,000 with the Special Order badge front and center.
Six figures for a vehicle is insane. maybe a rolls Royce but not a domestic pick up.
Good video, you are being transparent, just trying to help your fellow consumers. Keep it up 👍
Thanks, will do!
The discounts at Ram are not enough being they increased their MSRP more then the other brands. They will need to cut some of them by 25 percent being some of them like jeep have risen by 50 percent since 2018.
Repairing my old one and pushing it past what I usually do. Thinking $20,000.00 in repairs and I am still ahead. Trick is it does not need $20,000.00.
Oh yeah.. thank goodness. I still have my 2012 ford F150. With 4 hundred thousand miles on it.. I’m on my second transmission. In 10 years. !!
This kind of thing is happening up in Canada too. I bought a new 2019 custom trailboss for 45k. That same trim at 2023 is 65k. The sales guy tried to get me into his lot to get an appraissal for my truck. Let's just say his appraisal plus the price of a new truck had me laughing so hard that he thought i was actually gonna buy, my sides were hurting.
Plus. You're right about the quality. 1 year after normal driving a oil coolant hose popped off spilling oil all over the road. Luckily it was still under warranty. Got it towed to dealer and fixed. Now 3 years later my back up camera isn't woek8ng properly. My transfer case wasn't shifting to 4wd.
So yeah, i dont know if i could trust new trucks anymore than i can trust a used one. My verdict? No more overpriced brand new vehicles for me.
So it just goes to show you that a large percentage of pickup sales was for people who didn’t need a pickup but wanted them for an image or the two times a year they go to the dump or hardware store.
I probably do more stuff with my minivan than most do in their trucks
@@novadhd But that's the rub. It's a minivan. No matter how much more practical a minivan is than a truck in most cases, many people do not want to be seen driving a minivan. As previously stated, "image".
This is America we buy what we want because it’s a free country. Don’t worry about what others do with their trucks and just worry about yourself.
not saying it is more practical. I would rather build wealth than try and impress others.@@joesharbach3883
@@novadhdexactly, but the problem is that people don’t want to be caught dead in a minivan which to me is stupid, if you have an actual use for a pickup, fine go ahead, but if you need a family car, a towing car, and a cargo vehicle, you can’t go wrong with a minivan
Northern Utah here. Some dealers are marked down as much as $8,500 below MSRP on 2023 new F-150. It feels like there's way more to come. Overflow lots are stuffed (including at the airports all over the region)
Keep waiting ☕
There aren't enough rich people to buy the stupid things. What did they expect, with the government killing the economy?
None of those vehicles should be nearly that much. That's absolutely insane and is even criminal. Only the super elite can afford these vehicles!
They can rot on the lot. If I can buy a used truck for $5,000; $10,000, or $15,000, and put another 5Gs into making it run well, why would I ever want to buy a $50,000 plus truck?
The Government actually has stepped in to make it so that dealers CANNOT bait and switch the prices plus not adding on their junk/BS fee's. Though it's not coming into law until July of next year, it's still coming and hopefully will stop these ridiculous prices or bait and switch tactics dealers have been doing.
At this point in the world, if you believe that the government is stepping in for the sake of helping everyday individuals, you need to wake up. The current government acts on its own self-interests.
"The most terrifying words in the English language are: I'm from the government, and I'm here to help." -RR
To be fair to RR, that quote is hilariously out of context
@@goldenhate6649to be fair to reality and RR, that statement is a joke and a joke is merely pointing out the the absurdity that lives within reality
It’s a joke alright. When it’s a consideration for the government to have to try.
What are the numbers on sales , every car lot i see is 95% full in Maryland
I currently have a 2017 Platinum and it has metal trim work that feels like actual metal. I rented a 2023 Lariat and it had the "metal" trim design as well but it was just plastic painted to have the same looking design. Cheap Cheap Cheap and costing so much!
Recalls on these vehicles tells me that these manufacturers are so concerned with pumping out inventory that their quality control is suffering so bad.
This is the Big 3’s PLAN. All 3 plan on a
2009/like taxpayer funded bailout THIS
time, instead of Generally Morons and
CRISISler. All planned,my friend. CB
Yuppppppp
The thought of walking on the lot and having a salesperson saying “ this weekend we’re giving free Nitro in all four tires”.
An honest salesman?
…what’s the catch?
Well done and much appreciated. Keep doing your thing.
We the consumers have spoken....do with what u will with that statement. We're sick of these greedy dealers and we've dealt with it for a couple years now. Now finally it's our turn. To punish them for their schemes we still shud not buy for atleast 2 more years. Market adj is bs its just an excuse to be able to price gouge ex the oil business
Has nothing to do with the dealers or the manufacturers.... it's Bidenomics.
You don't really think they can print money out of thin air without consequences, do you??
Anybody who is planning to buy a car used or new. Call the dealer and ask if the prices they ask has market adj. if yes forget about it that means the dealer is gauging the prices to you
Dealers and manufacturers have done damage to themselves. The amount of recalls with poor quality builds and super high prices with interest rates being way over board no one can or will finally pay for them
What’s your advice for buying F250-350 fleet vehicles for pressure washing fleet? Will buy flatbed, service bed, or cab and chassis configurations. Need reliable and professional looking trucks at bargain prices to support my startup budget.
A dealer can knock 10K off of a 73K truck, but it is still cost to much for most folks. BTW, I bought a new loaded 2013 F-150 Platinum, and the MSRP was 46K. OTD 39K and some change. In 2023 that truck starts at just a frogs hair under 65K. And Ford wonders why they can't sell them. Anyone would expect the price to increase over the years, but no one expected the prices to increase so much. Also, congratulations on hitting the 200K subscriber mark.
Still too much.
I hope this is happening in Canada also. I don’t need a new truck but I would like a new work truck or a dedicated hauling truck. But it’s not all about the price with me, I want all the bad driver aids removed! If you need lane departure assist reverse braking assist it’s dangerous and annoying. My old lady has a brand new tundra limited it’s super nice… after I turn all that crap off!
It is way worse here in Canada. Any truck over 100K CDN (75K USD) is subject to an additional luxury tax which is an additional 10%-20% on top of the regular 15% tax. You are paying around $25% tax on a 100K CDN new truck. Exotic cars over 200K CDN are paying 35% in tax.
Canaduh is a joke in general, it's a write off.
@@garnet4846 says the nobody who knows absolutely nothing.
@@markadler8968 wtf are you talking about? "It's way worse in canada" < your words. Are you confused? I'm agreeing with you. I live here, I can speak from experience, thanks.
@@garnet4846 Russia is accepting immigrants, especially ones young enough to go to war.
0:43 brand new truck with dented front bumper. Outstanding.
There is also the possibility that if trucks are not being sold, the demand for pickups is diminishing, and buyers may go back to sedans and coupes. Just wondering.
people will start using the old sedan with a trailer hitch and buy a trailer.
Ford and GM sell way more sedans, hatches and small pickups in other countries. They won't sell them here because the big pickups make them the most money and up to this point, people were willing to shell out for them. I'd love to see the Chicken tax abolished and see what happens.
I sold my 2010 F150 in Oct and bought a 2004 Toyota Sienna. Better mileage and ride. 1st time since 07 with no truck.
I would buy a sedan if they didn't set 3 inches off the ground now.
What cracks me up and I fall outta my chair thinking about it, the CEO's insist that they are so damn smart. (Retired GM Dealership Parts Department Counterman 45 years last summer of '21 Los Angeles and Orange Counties California 😎)
Thanks Brandon, used trucks pricing is falling. Im just waiting till next year as the market continues to downturn.
Thats what I said last year
Omg this is crazy unbelievable thanks for this video
I demand a $25,000 truck with no air conditioning and roll up windows. I will make a bed liner myself. Keep your satellite radio and your heated seats.
Didn’t the truck market just crash in last week’s video. I’m confused lol. Dealers can’t be hurting that much I went 2 dealers last week just to see how desperate dealers are. They were willing to come down 3-4 thousand off msrp. That isn’t desirable enough for me to buy.
These RUclipsrs need click bait for the channel views. The market has been crashing for a year according to these guys, but prices haven't come down.
I know where your lot is LOL, I live very close to it. Plus I drive by it multiple times a day. I keep looking for you filming but I haven't been by yet while you were doing so.
40% price jump in just three years? That's nuts. These makers need to suffer more before they will bring prices down to be in line with other goods.
The U.S.A. is extremely over leveraged with debt!
Dude, your monologue at the end just makes me want to drive wherever you're at and buy a car. However, I bought a new Ranger last year and am not in the market. I used the X-Plan for disabled military vets and basically, my final price was MSRP. I was able to cut out all the hidden dealer fees, etc. too. And, I was treated with respect and not pushed towards anything.
I like these videos where y'all collaborate together. Great info. 💯
Glad you enjoyed
Hey dude you gotta do a video about the small 25-35k cars, you focus a lot on trucks and i get that but we would love to know if the same stuff is happening for small budget cars like the civics and corollas or if we should wait. Congrats on 200k btw !