FORD Just Signaled The Car Market IS COLLAPSING!
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- Опубликовано: 28 апр 2024
- FORD Just Signaled The Car Market IS COLLAPSING
My name is Brandon and I am a used car dealer. I created Car Questions Answered to share the ins and outs of the used car market from my perspective. I share with you updates on car prices, what's happening at the dealer auctions, and what it's like being a dealer. My goal is to share information to help you make the best decisions while buying a car to save you money. I do not want car dealers taking advantage of you.
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*None of this is meant to be construed as financial advice, it's for entertainment purposes only.
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53,000 for a stripped fleet F150. that's insane.
Exactly my thought is if that’s the lowest one I’m priced out the market.
Yeah they want 45k for a bare bones Ford Transit Van.
Yeah totally not practical for most
Exactly why no one is buying
Bidenomics at work. Printing fiat currency has its problems.
When the dealer laughed at me for not buying and telling him I'd wait the market out until they lowered prices, he didn't believe my willpower. It's been two years, and I WILL NOT buy a car that was $30k a few years ago for $50k. You can go kick rocks. Edit: I just looked up the car I've been wanting for awhile, and it looks like the price did go down a little. I'll just keep waiting. haha.
Im on the same page!!! Just in 2016 my brother bought a brand new f150 for 32k ! Same truck nowdays is 53k
That's right, keep waiting.... Bankruptcy sales are coming soon to a dealer near you and me! 🤣😂
Good for you!✅️
And I'm waiting too!👍
Same here. I’m playing the Waiting Game!🙌🏼
Stand strong & patient! You will win! 💪
$75k for a 2WD SUV is insane.
It's insane for a 4WD SUV
@@marcuscook5145 agreee
Agreed. I’m in 😮 shock
They deserve it after laughing at people for 3 years straight
I've never paid $50K for a car and I don't think I ever will. I believe that the majority of the population can say the same.
My total vehicle cost (purchase minus sale prices) is about $25K of you Merikans freedom bucks.
I can't imagine spending $50K for an individual vehicle.
I am 65 now and while far from poor the most I ever spent on a vehicle was $10,400 for a 1975 Corvette Convertible.
If hyperinflation kicks in, a 50k vehicle might be cheap.
50+k was luxury super car money in my 20s.
I just want a small car to get me to work safely.
11k is the most I've ever spent and I've been driving for 35 years. Simply not worth it.
Ford management is out of touch with the retail consumers.
FJB is out of touch with reality
Profit down 66% so the Ford CEO probably only got a $20 million dollar bonus this year....
can a UAW member with their shiny new raise afford a $1400 per month note?
The whirr of an electric motor is not what sold the Mustang to the public. It was the classic design and the roar of the ICE. There's a real reason that Toyota refuses to play along with the EV craze. EVs just don't add up. They're an untried technology that have too many problems on their own let alone not having the infrastructure. What good is a vehicle that creates more environmental problems before it even gets on the assembly line? It's all about the politics of power and control and not anything to do with the environment. Electric vehicles just don't fit in and don't make any sense.
UAW members got no increase in pay for ten years even Walmart gave my wife 2 percent a year during that time. @@jjc4577
When Broncos first came out, you could order a base 2dr for $29k. Now the cheapest is $41k.
Why you'd still spend 40k+ on American trash is beyond me. They're at the bottom of the reliability rating, they're not quiet, they're not smooth. Stop wasting your money and buy Japanese. If you don't like the look of Toyota then go for like a mazda cx5.
I looked at broncos online for the first time last nights. The cheapest base stock versions I saw were $45-50k. Most were 60-65k and the Raptor versions were $95k. Hell naw
A Ranger for 50k 😂
Work package F150 for 40k 🤣
Ford is out of their mind
Hint- it's NOT only Ford
..
This was a car company started by man's whose vision was to build a car for masses that anyone could afford.
He died, and his successors bleed it dry, then leave it for dead, much like every company that gets passed down. It's sad.
@@Chad_Thundercock_ so true. Every company is experiencing this. I think you meant successor instead of predecessor, but I catch your drift.
@@frankantonio4394 you're right! I edited it 😜
Than consumerism hit and banks started giving out loans to ANYONE with a pulse and a "job" doesn't matter if they flip burgers at Mcdonalds and can barely afford a 95 Honda CIvic.
what would old Henry think of what has happened to his company?
No way I'm buying a $50k rolling laptop with a one-year subscription to heated seats
I test drove an I4 and the car salesman compared EVs to a golf cart. $50k glorified golf cart 😂
Just wait till it's 1 bucks a kw... True cost is the equivalent of 17 bucks a gallon. Government subsidies are the only reason they are "cheaper" to operate! Check the value after it has 500 miles! Looses about 40% leaving the lot!
@@breckfreeride We'll just do solar, no biggie
@@OtisFlint my inverter died last month... Under warranty... They still haven't replaced it... 20k+ for a solar system isn't saving anything.
@@breckfreeride every car loses it's value leaving the lot, the dealership model is a racket that's why Tesla doesn't have dealers and they are blacklisted by the big guys
Active duty army here, we use the new electric 150s and they suck and swallow
hard to win a war with one of them.
@deepdoodoo3252 the high ranking base civilians ride around in them. There are two parked by the flag pole on my base. And the environmental staff also has a couple. The federal (Obama era) mandate was for feds to have a certain percentage of their fleet convert to electric vehicles by a certain date.
Retired Army here- no shocker (no pun intended) that the Army is trying to go that route due to woke politics. Can’t wait until they mandate electrified Hummers in 2030 for the battlefield, that will truly go over like a screen door update for the latest nuclear sub😅.
@@chadfield376Screen door for a Submarine 😂😂😂
Of course they do, they are electric.
There are several factors, no more 0% car loans, inflation eating everyone’s discretionary income, flat raises are not tracking with cost of living, decreased driving because a lot of people are remote, and though cars are getting nicer, the cost of cars has jumped up. Young people just don’t value their cars the way older people do.
The depreciation of new cars going from $80-$90k to $40-$50k in a year just shows they were never worth their asking price to begin with.
Another reason I’ll add for why the younger generation is able to somewhat manage without a car better than older generation is because of ride share services like Uber and Lyft.
I value my 2011 expedition so much that if the engine blew after 200k-300k miles, I would put a new engine in before I considered getting a newer vehicle. $3-$5k is nothing compared to $50-$80k for a new vehicle.
Beware of lot rot on these vehicles. Batteries, tires, fluids, etc. may be problematic. Some of these vehicles are over two years old!
That should be a good bargaining chip if a person is stupid enough to jump into a new set of payments right now.
Ya I would worry about how long some of these "new" vehicles have been sitting at this point which cannot be good for them at all.
Especially tires. My Genesis sit on the lot 6 months waiting for a new ECM. I told them the tires would have flat spots from sitting that long. So they balanced the tires before I picked it up. Didn't work. Bought a new set of tires. If you're gonna buy one of these things that's been sitting that long, have them give a tire allowance. Wouldn't trust them to put new tires as they probably won't be NEW TIRES.
car edge day on lot thing is awesome I wish we had that in EU but we don't and thus I'm really hesitant to buy any "in stock" car I see them on the parking lots not moving in months
Wow did not even think about this fact!!! Arizona and Texas especially. Hottern’ hell on those lots!!
Every single time I see a company start losing business, losing money and having trouble retaining customers because they made the willing choice to make products they want to sell instead of the products the customer wants to buy my heart warms a bit and the world just seems like a brighter, kinder place.
The problem is the manufacturers will lay off workers. The snowball effect leads to a declining economy the top floor executives could care less about. It’s the normal person who ultimately-always- pays the price.
Yup. I had a GM, great car but it got old so I went to replace it.
GM no longer sells family cars. Ford doesn't want me as a customer either.
I bought a Japanese car. Because they make cars for regular folks like me. (Made in North America though.)
Brilliant insight. You just nailed the difference between socialist market and free capitalism. Collectivists make products they want to sell. In free capitalism they make products you want to buy.
Yep. Same here
@@precisionleadthrowing4628 A monopoly can also dictate what customers will buy.
The Big 3 sure aren't socialists!
I make over $100k a year- well over the average American income. I Have a mortgage and kids. Wife works too making about $60k. Most expensive car I ever bought was $33k and that was tough to swallow. Currently own 4 cars. All paid off. 3 were bought used for under $4k. I couldn’t imagine buying a $60k car or truck or maybe I’m just more responsible.
I make about half of what you make a year, but also own 4 cars. The newest one I bought was a 2019 for $25k. Bought another daily used for $7k. My 2 weekend cars were only $4500 combined. I love to have my fun, but I also don't want to pay out my ass for something sentimental but materialistic. I would never want to pay more than $40k for a replacement daily in the next 10 years.
This is what happens when a company makes what consumers don’t want.
Yes, that’s right. A big truck with a four cylinder engine
And at a price they can't afford.
I'm not going to tell Ford how to run the company but giving up on sedans sounds and sounded ludicrous.
Customers gave up on buying them.
I fix hail on cars. 1 in 50 hail jobs is an actual car. The other 49 are suv's and trucks.
I would have bought a Ford in 2019. Except, I wanted a standard car. Ford doesn't do that.
I didn't leave them, they quit me.
As well as GM and Chrysler.
they gave up on the transit connect, best tradesman van to have ever been built.
I can't blame consumers Car dealerships been bending us over a loooong time. Save your money
Not just dealers, manufacturers are half to blame.
Ford screwed up on the electric crap and destroyed it's brand. They killed good concepts and models to pander the insane doomsday cult of global warming
Actually - here is more detailed version - no, it's the greedy collectivists and doomsday cult of climate change. They forced manufacturers to subsidize the EV scam for their normal car line up. On top of it they are taxing them for so called "pollution" and redistributing the money to all the scam green projects that are failing.
To expensive to buy there junk
@@user-oi9bg6fx5tthe other half is the banks that allowed those stupid loans!
I work close to the Ford plant in KC. You should see the ocean of F150s sitting around the plant, they just keep stacking up.
I ordered a 2024 Bronco last August. It was built in January. I contacted the dealer and told them I didn't want it anymore. The salesman seemed pretty pissed cause now they have to sell a $60k bronco... At first I wanted it but after waiting almost 6 months I though, this is insane! Interest is crazy and I don't want a massive payment.
??? if you order a car and you dont take it, you have to pay 20 % of its value as a penalty for breach of contract. Thats not a very smart move.
@@Holozon huh...? There is no contract. you pay a deposit of $500 and you get it back if you cancel it
@@codydonovan7356 lol thats not how it works.
I you order something, you are forced to accept delivery and make agreed payment. Thats called Contract. If you dont fulfill contract, you have to pay the fees, which are somewhere of 10 to 20 % of the contract value.
I orderd a Ford Car in January, it will be built in late May in the Ford Plant in South Africa, and delivered to me in Germany in September or October.
If i dont accept delivery, i own Ford 7,2 k Euro of the 72k Euros the car is worth. If Ford doesnt deliver the car within a few weeks of the Dates in Contract, they have to pay my company for Rental Car or put a similar car at my disposal for free and put a payment to me for the damages caused by not fulfilling their end of the contract. You cant just walk away from Orders that got accepted.
Imagine being a car manufacturer and pricing yourself out of business
Probably done on purpose
ford went from making good modest reasonably priced work trucks for men that work in the country. to making glorified expensive man purses on wheels for weak do nothing city men so they can feel big that don't even need a truck.
Feds require everything from weight-sensing airbags to backup cameras and blind spot monitoring now. There are cool simple cheap cars being built in the world …and we know Ford could make them awesome, but our overlords say no. Vote for less gubbermint.
It's as if these automakers are women.
People are starting to realize huge car Payments aren't worth it. More important things like being able to buy Groceries
Today a car payment is a luxury most cannot afford anymore,especially with car insurance going up as well…keep what ya got…a paid off car is the best car,then your not worrying if you can grab extra things at the grocery store and wondering if you can afford them.
Sending your kids to college seems like a far better investment
@@mc4277 to be honest , not really, unless they are going to be a doctor, dentist, nurse…engineering… if they are going for gender studies or basket weaving they are better off going to trade school.
@@toddprater14 pure science worked for me (biology/chemistry, public university). No loans, solid income. My sister who did a bachelors in advertising (private university) makes less than half of my salary (her rate: $22/hr) and has 60k in loans.
exactly!!...they simply can't take one on at the current prices and rates.
Feed the family, pay the rent, and keep the lights on or buy a way over-priced truck? What to do.....what to do....
Feed the family and pay the rent, I do the same.
59 years old here.Paid 53,000 in 2002 for F-250 4x4 crew cab with F350 under carriage😁Still on the road with 209,000 original miles.
Even if the prices were cut in half it would still be too high with these interest rates.
You ain’t lying today to offset these rates you have to get a good deal and then put down like 25,000 so the loans only 60 months…any less down you are gonna have to go 72/84 months way too long.
Ford doesn't determine interest and the inflation we are experiencing is also not Ford's fault. Food prices have skyrocketed. Everything has gone way up.
@@TheBandit7613 Would you rather have a new car/truck or would you rather eat?
@@user-mr1ku5iz8l Fortunately I'm not in such a position. I'm watching less of these videos because he's basically blaming automakers for the high prices when it's not their fault. They are also victims of this nasty inflation. I had to buy 2 new batteries for my Super Duty... 400 bucks! That's nuts. It costs over a hundred just to fill the diesel tank.
True
Ford: "We keep raising the prices on our vehicles, but no one is buying. I can't figure it out."
those UAW contracts gotta be paid
@@DmaxH.Countryit's gotta be more than the unions. I'm sure the unions are worried about getting laid off due to the lack of actual sales.
I used to think that the market would eventually correct, and prices would come down, which is how a free market is supposed to work in the capitalist system. Now I'm starting to believe that prices will stay high, dealers will go out of business, workers will get laid off at the factories. Eventually the supply will be curtailed, and then they'll be a vehicle shortage and prices will go up again.
I'm going to keep up the maintenance of my 2004 Vibe. I might be driving it for another twenty years. Not only that, it's become an appreciating asset.🤣
Ford founder made their model T affordable so that the middle class could afford to buy their cars.
Fast forward today......the decision to get rid of compact models and only selling SUVs and trucks at out of touch price by middle class.....what a shame
ford went from making good modest reasonably priced work trucks for men that work in the country. to making glorified expensive man purses on wheels for weak do nothing city men so they can feel big that don't even need a truck.
I worked in the dealership scene from 2016-2022 years and I saw the change ramp up 2020. Ford and Chevy dropping the sedan lines was a shot in the foot. Quality control dropped and consumers pay for it in more than one way. Top it off my mom had her car totalled and the market is still nuts. I don't envy anyone being forced to have to buy a car now.
Chevrolet Malibu.
Drive anywhere in the Kansas City metro, Ford is renting up any vacant lot to store thousands of F150’s
Bro, even if you were loaded with cash to spend, the vehicles just aren’t worth the price!
I know a girl that works for a company that makes plastic components for some of the bigger car companies (including ford). Tonight she was offered to go home early today. Mentioned that work was slow and said it was due to manufacturing plants slowing down/laying off people.
It's going to get worse.
My dad is a manager at a place similar to that. They make switches. They just closed a factory and sent what they didn't get rid of to Michigan and Mexico.
All we need is food and water to survive. They can keep their luxuries. Some countries people live humbly in a shack
No people if Trump gets in again it will pick back up again
I live near Dana ( they make the ford truck frames) they are still working for now but the parking lot is empty on the weekends when they normally are full 7 days a week
I purchased a brand new 2002 Ford Ranger back in 2001 for about $13,000. Manuel transmission. Kept it for 15 years.
Now these "small" trucks are now physically the same size as a 1/2 truck in 2003 with half the load rating. Its a joke.
@@ChinookBear Sounds like “ Shrinkflation”. Paying more for less
If I had Ford Maverick's on my lot in New Mexico I could sell one everyday, can't get them. Literally get asked for them everyday. Customers are not interested in the Lighting or the Mach E at all, we sold the last two we have and will not be restocking them ever.
U work for Rich Ford in Albuquerque? I was looking for one but the monthly was just too high… I went to Reliable Chevrolet
Prices are a joke. Who would pay that much for a depreciating asset?
Sheeeeeeeep
Most people in my neighborhood drive bloated SUVs just to commute to work and the supermarket.
So yeah a lot of people pay extra for a vehicle they don't need.
It's a failure of the capitalist system. Adam Smith assumed that consumers would act out of intelligent self-interest. If we acted out of intelligent self-interest we'd be buying barebones economy cars and paying $20k for them. A vehicle is an appliance, that's all it is, and bankrupting ourselves to obtain an appliance that we can't afford isn't being smart.
@@j_taylor it's the American way still sadly 😂
Millions of us earn our living with them.
Genuinely couldn't care less if any car company struggles or goes under. They have been robbing customers for decades.
Was at a MOPAR dealer this week, cheapest thing on the lot was a new Hornet at $49000. New lot didnt have a single space open.
Hell no.
It warms my heart when a dealership get their cars repossessed ❤
That means the economy is poor for us all. Nothing to celebrate
They still aren't lowering their prices. The middle class has lost the ability to buy a new car.
Especially with skyrocketing car insurance rates
You can get a new car for twenty grand
You can, but the selection is down to only a handful of options, and we lose a couple of them this year, so next year the options will be more limited.
@@ondreavaldez760not when you need a new truck. Car maybe, some of us need trucks.
Not really. I'm middle class, and we are not gonna fall for the high prices. We know other areas to spend our hard earned money. We know the prices are too high.
I can't afford anything anymore. I don't have a wife or kids, all I do is work and I have nothing.
God loves you ❤❤
I can relate. 😢
That's right!!!
Hang tough! I was in that position 15 years ago. Things will get better - just stick close to God. He's got this!
Stop partying
They acting like them trucks ain’t going get old.😂😂😂😂😂😂$75.000 that’s crazy
We bought a brand new 2022 Telluride SX nightfall edition. 3.8l V6 AWD and have had nothing but pleasure driving it. As a Master Tech of 25 plus years I service it. Easy to service & no issues. I would not buy any Hyunda or Kia 4 cylinders. Old ones are ok, but 2012 and newer stay away!
In 2020, bought one of the last Ford Fusion Hybrids. Got it for $23,000. Gets over 50 mpg. Ford discontinued it. The best car I have ever owned. 😰
It’s a great looking car as well. I’m surprised by their move to discontinue it.
Their fusion is probably their most reliable line since 2010. It's their Camry.
Our Fusion Titanium is 10 years old, 63,000 miles. KEEPING IT!!!
I still have my 11 Fusion hybrid. The battery hardly works, but the car is still kickin. Best daily driver I've ever had.
$60,000 for a truck...drops to $30,000 in value as soon as you drive it off the lot.
The Lightening was supposed to be 42k, Shot themselves in the foot when they announced a price but did not sell them anywhere close to that.
These truck passes are ridiculous, I remember when my dad bought his last truck, a 2012 ram quad cab express with 5.7 hemi, it was under 25K
Dosnt everyone want to spend 65k on an XL😂
I might spend that to live in my home for 10 years. Hard to live in a truck.
Every dumb ass maybe!!!😂😁😁
No we don’t back in 2018 a 65k truck was a fully loaded Sierra Denali , I know cause I was looking at them…that same trim trucks “ultimate “ is 84-89…the regular Denali is like 79-83…they are crazy.
A v6 XL*
They will spend 107,000 for a electric GMC Hummer though
I just watched a review of the Lincoln nautilus today. MADE IN CHINA, MASSIVE touchscreen that spans the entire width of the truck, and only a turbo 4 cylinder is available. And it starts at $53k. This company is DONE. I expect "new GM" to follow suit. We're on our way to another big bailout, courtesy of you and me.
Auhhhh,
Not this time,
UssA be broke 💯🤡🌎
@rickreese5794
we've always been broke. 34 trillion and counting
The nautilus is super nice. Unfortunately, Ford built it in China. Which gives China even more of our intellectual property on how we are able to have such a nice fit and finish on our vehicles. That said the nautilus is probably the nicest Lincoln I’ve ever driven. It’s the top tier black label. Hybrid with 22” rims. $80k
@@jhansen6180 it's going to be e-waste in less than a decade. Almost all previous Gen cars that relied on tech and screens have had glaring electrical issues that have been so bad, people just scrap the cars. My local pull yards are full of stuff from the last 15 years. It's bad. And these giant screens just make it worse. Big companies like Ford just haven't learned that your average consumer needs only a standard radio with Android Auto or Apple car play, and physical buttons to operate the HVAC and other controls. NOBODY needs a giant screen.
I have a 2019 Nissan 370Z 6MT sport coupe that I got for about $33K. It's been a great car and lots of fun to drive. I've gotten at least 3 offers from Nissan dealers over the past few years to sell my car back. Curious about the market, I checked Kelly Blue Book and was astounded at the prices for this car on the used market. The new Z car that replaced my car last year is priced easily in the $50k to $70K range with obscene dealer markups. In talking to a salesman at a Nissan dealer one day, I was told that they can't figure out why the new Z is not selling. He told me that prospective buyers who approach the car walk away after reading the prices on the windows. I told him that I wouldn't be interested in spending $30K more for a car that is not even as good as the one I have.
The best vehicle I've ever owned is a Ford F250 Super Duty 7.3 Diesel. I paid the original owner $10,000 for it in 2013. 125,000 miles later, it has needed nothing other than a water pump and normal brake pads, tires, batteries and oil changes. Pay $75k + for a truck? Not in my lifetime. I'll keep what I have until death.
I knew the market was going down as soon as rates started climbing every 3 months..the only way people were able to buy these top of the line trucks was very low interest rates…the automakers seen only high trims selling and started jacking up prices..for greed…now the rates are too high …instead of paying 2500 to borrow 60000 dollars now the interest charge is 12,000…people. Stopped buying, it’s over for all them
Ah…an intelligent comment…
@@dondgc2298 thanks bro…anyone would buy a nice Denali truck if you could borrow 60-65k and they are charging you only 2400-3000 interest a few years ago… he’ll I do it too only paying say 2700 in interest over 5 years , some people with really great credit back then we’re getting 0.9-1.9%… even a bit less than say 2.9…. Now that same truck went from 65k to 81k…and let’s face it at 7% plus they are gonna charge you 12-14,000 over the same 60 months…not worth it anymore …that adds like 300 a month more to the payment…
not to mention gas was cheap and people were working from home anyway and not having to pay to commute in it
I remember the earlys 2000s when F150 V6 were 22k new
Yeah my 2000 3.0 manual ford ranger was $17k brand new.
Bought an 01 f150 used in like 05 for like 16. It's wild how expensive they are now.
Right before covid at Brandon Ford out sideTampa, that truck was 23,000- 24,000
Mid 2021 bought an f150 xl v8 2 door with 16000 ml for $24000
Bought my 2001 F-150, Lariat SuperCrew in December of that year for 32k.
When they cancelled the cars I said they would have this happen and regret it... People said I was nutz
Biggest thing i took from this is lack of small affordable cars. Same in UK they have got rid of them and gone for SUV sales. Problem is that's a very competitive market. Old days you bought a fiesta then came back for an escort/fusion then upgraded to a Mondeo. Now you just go buy a Chinese or Japanese make and upgrade with them. Corporate suicide but it take awhile and folks who made those decisions long gone with a juicy bonus.
I know someone who works at corporate, and the upper management is in complete denial numbers and data across multiple departments. Get ready for another government handout request.
That means we are buying cars and don’t get to drive them.
Ford didn't take a handout, that was GM and Dodge. Ford will be ok. The crazy market is not Ford's fault, it's called inflation. That happens when the government prints too much money. They are still printing away.
Well Ford was the only manufacturer that didn't take a 2008 bailout. I guess they figure they're due. Biden (Leftists in the background running it) is still pressuring manufacturers to push EV's. That's why they'll get a bailout.
@@01mia18 man I wish that was true, but any current bailouts will be paid for by our grandchildren. You and I are still paying interest on the Korean War loans from the Bank Of England.
$45k for a 2wd Ranger 😂
Too much for me, especially with that tiny 5 foot bed.
Criminal
Should be $25k, at the most.
Ol’ Henry is spinnin in his grave😩🤷🏿♂️
Just got a 2011 x cab ranger 4wd mint from south with 33k for $22k
A deal
I will keep tooling down the road in my bought for cash 5 years ago, 1999 Lincoln Navigator 4x4 thank you.
"Ford sales are down year after year and there's a good reason for it"
Ford: "Bailouts"
50 grand for a truck that’s crazy
Right now that's a cheap truck.
Do you post this comment on every one of this guys posts
@@user-ke7wd3cl9z Cheap for who exactly? When the majority of Americans are now Paycheck to Paycheck adding in a 1300 vehicle payment every month is simply not on the table. 50k is an INSANE amount to ask for a new truck.
Come on when was that
People used to say the same thing about trucks when they costed 20-25k. Some boomers probably remember the days when a new truck could be had for 1k….and some people that saw the introduction of the car for a couple hundred bucks still complained. A truck has never really been cheap hence why you always see them have a longer lifespan over most cars. People tend to fix them until it makes absolutely no sense to do so.
Its crazy that rich people really dont believe everything is falling apart.
It's because they still are getting service at the restaurants, resorts and the country club from the sufferers. When they go to their favorite restaurants , Hotels and the other places that require service workers and there's no workers, maybe then they'll wake up. 😎🎭✌️
It is rather difficult being rich. If it wasn't for the money, I'd rather be poor.
Thurston Howell the 3rd. (Gilligan's Island)
It is not a belief it is a realization. Everything is not falling apart.
Great video, appreciate your insight and research!
I love what you do- and it’s awesome that you show out- takes and laugh about it- I bet you are a good dude
Mind boggling that Ford would just abandon the compact/sub compact car market especially when gas prices are at historic highs.
I thought at the time that dropping cars was a stupid mistake. But I betcha the executive boys are still getting bonus money. The whole damn industry is corrupt as Al Capone.
Why? Look at how the customer service process has eroded over the past 10 years. The mantra has been less and less service for more and more money. The goal for a profit maximization strategy is to minimize services and maximize revenue. Think about the ideal condition: provide no goods or services and simultaneously collect the maximum possible revenue. Gas prices fluctuate.
These decision makers are all college graduates.
Customers quit buying the small cars they did sell.
That's woke for you.
$70k for an XLT…. That’s absolutely ludicrous. I’m keeping my ‘19 F150 as long as I possibly can.
And once that '19 F150 bites the dust?
@@jerrylundegaard2592 He will find a 1989 F150 to restore.
Horse and buggy is starting to look good.
Right! My 16' XLT was $49k brand new, paid $37k before TT&L. 8 years later, it still runs like new. Hopefully it stays like that for a while.
enjoy your ford for the last year it last before the drivetrain breaks down.
The automotive industry needs a new business model where:
1. The customer orders the vehicle directly from the manufacturer
2. The vehicle is customized by the customer and priced accordingly.
3. The vehicle is manufactured after the customer submits a down payment.
4. Customer waits.
5. The vehicle is delivered to the customer.
The days of high volume / low margin are over for the personally owned vehicle market. The automotive industry needs to focus on build to order, product quality and an open architecture for upgrades with after market, non-safety critical, features, such as consoles, heated seats, etc. The customers drive the market, not the government or the industry. Failure to adapt is certain bankruptcy.
So instead of thousands of dealers competing for your business you want to narrow that down to maybe 4-8? That makes zero sense. Also who's going to take your trade? Most people have no idea how hard it is to sell a vehicle on your own. Let alone when everyone else is doing it. If you're upset dealers charged over MSRP don't shop at them. There's literally thousands to pick from. Nobody is forcing you to pay a certain price. Shop around, wait ect. People who are not part of the industry have no idea what direct sales means. Trust me. I've heard horror stories about customers ordering Ford Mavericks and they didn't order with cruise control. Dealer just took the order exactly how customer wanted. And customer was upset it didn't have it. They choose to order direct and that's the result.
They slso need to focus on QUALITY!!!
In 2023, NASFTA issued 1,000 recals for a total of 35M affected vehicles. Guess who was .#1? You guessed it Ford. 56 recalls for 5.9M vehicles. Need i say more?
@@andrewpansch7447 I would assume if we're all buying directly from the manufacturer there is no need for dealers , maybe for delivery prep etc. You will pay the same as next person who purchased the same model with the same trim level.
@@arthursmith8771 less competition drives prices higher. What you want is monopolies. You're not required to buy from a certain dealer. There's thousands to pick from. And Tesla will feel pain in the years to come. They have no way of taking trade ins realistically. They just want to sell vehicles. most have no idea how hard it is to sell a vehicle on your own especially if you have a lien.
Thanks for the info and content!
A brand New Nissan Rogue was $21k 5 years ago... Now it's $32k... Ridiculous... I'll keep waiting and see who gets tired first, not buying anything until they realize they are asking way too much for low quality vehicles
Then they bring it to 25 and act like it's a deal .and that don't count mark ups
@@philipburch4777 you're correct. Same thing as what they are doing with gas prices and pretty much everything else. Gas goes up $.30 or $.40 cents and later on they bring it back down but only $.05 cents... It's just ridiculous.
I just retired instead of sitting around im working on my garden. Before i guit i put two motors in my old trucks and fixed everything on two cars. Im prepared to ride bicycle, walk or ride horse. I bought a wood mill and yard and gardening equipment. Will be hunting this year as well. This can't keep going no way.
wisdom
Great job! You are killing it! And e-bikes for $1k and no tags, gas or insurance. Lots of ways to slice it!
Realistic! Way to go. Horse-traction will be sought after sooner than later.
The picture from the great depression with the banker or whatever selling his i think it was a brand new Cadillac or Packard or something for like 100 bucks comes to mind. this is NOT going to last and its gonna crash hard
@@leeann6257 They will come after the e-bikes for tags or insurance sooner or later.
I’m not looking to buy anything as I have low mileage paid for vehicles but I still like watching your videos for some reason. I find these prices unbelievable! It’s even more unbelievable people would borrow that much money for junk. I’ve had good vehicles from gm and ford but I wouldn’t trust this new stuff from either one! Keep the videos coming! 👍🏻
WOW amazing TY so much ,,Keep up the great work
These corporations do not care about their loss as they are doing something on purpose🎉🎉 There is an end game and it's called you will own nothing and be happy.They don't even want you to drive
It’s insane how a small group of wrinkled decrepit tyrants can say some stupid ish like that and ppl fall right into what they want
And they’ll keep taking your tax dollars to bail them out.
How will that benefit them?
@@SchoolforHackers It won’t, but they keep doing it.
They're collapsing the economy. Soon we will be in line at the soup kitchens.
1 year Lightning depreciation is 50%, new will never sell now.
Many dealers don’t want to take them on trade
Yeah. How do you even get a loam for a car that drops that much?
@@thedirtywork This is absolute bull. Show me a one year old Lightning for half the original value and I can line up plenty of buyers. Just a bunch of nonsense by the anti-ev crowd that can’t stand that others may actually like the vehicles. Here’s a suggestion, you drive what you want and other people can drive what they want.
@@paulb6736 Except that you EV groupies are taking money out of our pockets to pay for your cars. How about we all just pay the full cost of our vehicles.
@paulb6736 the 50% comes from some video where a person did the world's worst trade in on their new lightning and the math came out to 50%. Thus, everyone and their dog now thinks all EVs loose 50%
Just bought new expedition getting ready to buy f150 & bronco. Own several fords newest model year we own is 09 so hopefully start getting some good deals
I recently bought a 2010 tahoe, 150k miles, one owner. I've got about $20k in off-road and quality of life upgrades planned and it'll still be half the price of one if these new trucks. I haven't bought new since '97.
The Big 3 deserves a beating. I’m not even looking at those make’s. Toyota Honda for me . Have a 2013 Honda CRV 183.000 miles and no significant issues .
definitely keep what you have, but the big Japanese makers aren't immune to this, dealer markups, engineered failure and a thoroughly corrupted supply chain with many oem parts bad out the box. we're heading back to a time when competing on quality is not at all a priority, bells and whistles with factory subsidized APR's on the high trim, fat margins vehicles.....
Good for you.
Keep buying what's best for you.
As for me.. I'll take one for the team.
American is all I buy
Haven't had to walk home yet.
@@garyh.8082 Maybe you should do a little more research, buying American-made is precisely why I drive a Corolla.
"I like my american car, my american car, AMERICAN CAR. I really like my american car but it's hard-to-start and american carrrrrrr" 🎶
(extra points for gary and his very low barrr 🎶)
@@garyh.8082 given that most GM products were built in Mexico from Chinese made parts, Ford is made from Canadian parts, also assembled in either Canada or Mexico, and Chrysler products are made of bad decisions and terrible credit, buying "American" isn't really a thing anymore. the hollowed out middle class and the implosion of UAW memberships are the evidence of the failure of American management. oh and yes GM, and specifically Buick is a Chinese brand, they make China exclusive models.
Fleet sales are up because a lot of us fleet buyers bought NOTHING last year! I normally buy about 80 trucks a year and I bought zero in 2023. The truck you said retails for $36k, I used to pay $26k for an extended cab 4x4.
yep the stripped F150s that felt like rolling soda cans, we'd pay in the $20k range, $40k for the same thing now? bro!
Don’t forget the $5k
Leaky tail light repair,
(See u tube)😂🤮
@@rickreese5794 holy crap!
Paid $19,990 for Nissan Altima Top Trim with 60,000 miles before covid. Still cruising on the road fine with 150,000+ miles. PAID OFF
I remember before covid when you get get a bottom trim F150 for $23k, full loaded was about $60k, mediocre was about $40k. Now they want $60-$90k. Oh but wait, they will finance you for 8 years to make if “affordable”. I remember when 5 year car loans was a long time. But you know what? There is a sucker born every minute. Someone will be dumb enough to pay it.
The smart ones will wait out to market for the prices to drop. Dealers laugh now, however it doesn’t cost anything for customers to wait. Its their loss.
theres a GMC dealership on my way to work that I counted 8 Hummer EV's parked by the road...LOL
Maybe they were by the road as they just couldn't quite make it all the way back to the dealership!?!!😅👍
Use to call em
Lot Rocks 💯👍😎🤷🏿♂️🙈
I think the days of going massively in debt for these vehicles over 50k are over. It's not just the auto payment, it's the insurance too.
We are hanging on to our 2018 Fusion. 124k miles on it now. Still runs great. Going to keep it to 200k miles
Well, that didn't age well. Last 2023 Explorer XLT on the lot. 145 days, November 2023 build date. KBB was saying our Fusion was worth $7k trade in. Dealer offered $9k trade in. Hmmm. I really wanted $10k trade in and 10% off on the Explorer MSRP $45,880. I had to go to the bathroom. Got up. Walking back to the table the Dealership owner was talking to my wife. She said OK 0% is great but no way I am doing a $600 per month car payment you need to get this to $30k plus taxes. He said if I can go to $15k on trade in will your husband sign and buy today? Wut? 🤨 If he won't sign it I will by myself. She replied. Oh Shucks. Ma'am are you certain you can do that on your own? Oh Freak.Either that guy is a genius reverse psychology salesperson or he really read her wrong. Listen, my husband can retire today and we can live quite comfortably off of my salary alone or just my pension in another year if I chose to retire from the job I have had for the last 28 and a half years. You have my information in the system and can search my name since I have a government job and my salary is public information. Run my CR and his too if you think you need to , I'll be here. By the way I am going too move my car over next to the Explorer and start cleaning it out. Well good Gawd she just bought the car. We had not planned on buying a car but it was the last day of the month, we had just eaten out and the dealership was next door to the restaurant. They had 3 cars that they wanted off of the lot and to meet monthly goals. Southern Ford of Thomaston in GA. Stock T4443. $32,784 OTD after trade and taxes.
Great info. Looking for more surgs next month 🙌🏽😎
Lol Hardly Davidson did the same dam thing with there $30,000 electric bikes🤣with a 100 mile range! Stupid
these companies are doing what they're told from the guys who hand out the big loans... The Klaus Schwabb types..
@innerspace56
Carful your over the 🎯 !🤬
The price is ridiculous on these trucks. They are absolutely out of their mind. Back in 2008 you could pick up a Ram 3500 Dually with the 6.7 Cummings for $40,000.
Today with inflation that is $59k
Try 69,000
And yet a 2024 Ram 3500 dual wheel will cost you $100,000.
Yep, 100k. A coworker of mine just bought one . I guess most people don’t mind being debt slaves 🥴
You realize that’s almost 20 years ago right?? Back in 1969 a Camaro was 3500$. You can’t compare the two also a dodge isn’t a ford.
Looked at a lighting a while back, because I was curious, and it was a basic one with nothing added on from what it looked like, market adjustment added had it at 120k. Left and never looked back. Kinda glad to see them starting to go down for the gas f150. Gonna keep waiting 😅
I bought a new Silverado in 2013, the “comparable” trim level as before is low-mid 50’s. I sold it a few years later and got out of a car payments for good. Now I need a new truck and can’t justify it.
Can’t wait for this bubble to burst.
These companies are so out of touch with the common man. Who can afford anything near this price??? Ridiculous!!!
It's not just Ford.. every dealership I pass here in Florida is overloaded with vehicles.
You are right about Trade journals. Manufacturers probably pay advertising. Motor Trend magazine in 1983 and 84 had Renault Alliance then the Renault Fuego as Motor Trend cars of the year.
(Its not often but happens sometimes)
I find it quite amusing when Zach mentions Dealerships right by me and i can literally go look and see myself in person. My Barbershop is right around the corner from the Pat Milliken dealer and i can say those F-150s as Ray would say "Are breeding like Rabbits" that also goes for Taylor Ford which is closer to my house
I was planning on buying a new truck the end of the year. Work truck, i dont care. Screw it. Im leaning real hard for a used Tundra or a Taco. Screw these dealers.
remember Paul, a Toyota with 100k miles on the clock is similar to any domestic with about 15k miles. Just facts.
@@innerspace56 I think you're right. A few years back, I bought a 2001 sequoia with 250k miles on it. Didn't keep it very long. No squeaks, no rattles. No rust. Must have been a garage queen. V8 power.
You sir are doing a really good thing showing this. You even posted video from my other car channel I watch. The car manufacturers are taking a beating but they drove up the price of trucks. Your reports are amazing
They didn't drive up the prices, the government money printers did. We are going thru massive inflation right now because of record money printing. Everything is costing more. I can't read these comments. People are so clueless.
My local Ford Dealership is overloaded with f150s. Some have been sitting for 2 years! I had my work van worked on at the Ford dealership and the sales people hounded me about getting a truck. I told them I'm not buying a vehicle that's almost same price as my house!! And a payment 2x my mortgage
Great video. You mentioned Fleet sales were "good". True, but I think I know why. Just based on my own observations from the past few years: Fleet sales are always steady. However, with supply issues over the past few years, many places are finally able to get their orders filled and are catching up from several years of nothing. My medium-sized police department is replacing almost half of our fleet this year (6 new Explorers, 5 new F150s) because we haven't gotten any new vehicles for 3 years. Ford canceled all of our orders. The Ford vehicles were ARE getting are from other sources, as Ford still hasn't delivered the vehicles we ordered in November. 2 years ago, there were agencies near me that had orders for 30+ Explorers and Ford canceled their orders. They're finally getting their vehicles now.
We ordered 40 Lightning, took 1 for a 5 week trial across divisions, everyone hated it so we cancelled all 40. Ford was begging us to take them, but there is zero chance we were going to take delivery of the trucks as they are clearly not ready for the market.
Meanwhile Tesla sold almost 1 million vehicles in 2021.
Then they sold 1.3 million in 2022.
In 2023 they sold 1.8 million cars and SUVs.
See where this is going?
Bingo. People are not anti EV. They are anti crappy EVs sold for the price of a kidney.
In Europe we have plenty of propositions for decent EVs from 22 to 45 K€ & they sell. Automakers in N Am have lost the plot.
@@dvader3263Tesla just laid off 10% of their workforce, so maybe not a great example.
@@dvader3263 The wealthy virtue signalers have all made their purchases. Now get ready for the slowdown. No nationwide infrastructure for EVs, 30% of the chargers don't work, they suck in very cold climates, and the range still blows. The consumer wants hybrid/gas vehicles at a lower price point. BTW, your EV is going to be worthless after about 5-6 years. Nobody in their right mind is going to want a used battery powered car when the battery is on its last legs.
Every Tesla fan here (I was one. To the gills.) needs to get a SOLID dose of these 4 youtube channels.
thunderf00t
Common Sense Skeptic (10/10)
MGUY Australia
Jon Cardogan Auto Expert
Go now. Get your f*cking medicine and break the hell free of this con.
Great video, I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance.
Thank you!
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
Not to mention, insurance is through the roof, so even if you can afford one of these cars. Or trucks your insurance is going to be insane😮 thanks for the information
Thank you brandon
They need to bring back the crown vic. Such a popular affordable car
They should!
Great car bad transmission. At least it was cheap to fix.
Full frame and no freak wheel drive for the win
If they brought the crown vic back today, I'm sure they'd find a way to make it NOT affordable
This week we purchased a new honda. We went to 2 different Honda dealers and both lots were full of people. At the Honda dealer we purchased from they had 8 - 9 people in different offices discussing vehicles. Our salesperson said that 2024 had been a great year so far and he hoped it continued. Im sure Toyota is the same. From what I am seeing you commentary is spot on. Ford and RAM are begging people to come and the media is full of local dealer ads. Rarely do we hear a Honda, Toyota, Nissian, or Subaru ads. PS: Just a note - Honda was aggressive in their dealing with us - they wanted to sell a car and was willing to work hard for the sale.
Ford gave up on low margin cars and it will hurt them forever because of that. However, Honda can sell 5 cars and it wouldn't make for the profits of 1 superduty. Cars are cheap and expensive to build now days. So they try and capture the backend fiance ect.
good for you, keep buying from the country that tried to end the usa back in the 40's
@@andrewpansch7447And then Honda has 5 customers instead of 1. When those 5 "cheap car" customers need to graduate into something bigger and more expensive, they will be far more likely to stay with Honda. This is why Toyota and Honda do not abandon compact car offerings. They also happen to make money in them. Abandoning small cars is short sighted on Ford's part and they will/are feeling the negative effects.
They all are MAFIAS!
Last week I went to look at a Toyota Tacoma and a Honda Ridgeline. Both had been in short supply until recently and the Tacoma still is if you want a particular color/model. I think I was the only customer in at either dealership (weekday). After looking at and trying out and pricing those options I ordered a Ford F150 base model regular cab. For my needs it was the best combination of features/capability and the lowest cost. I think I see as many Toyota tv adds as I do from Ford but don't see much from Honda or Subaru. For what it is worth.
I currently own the most expensive car I've ever purchased. a 2016 Fusion I got in 2020 for 15k. It's getting new shocks and mounts today (mounts rusted). Could very well be my last vehicle, since I am near retirement. My first car was a '76 Chevy Monza for $500(also used).
I went onto a large motorcycle dealership just the other day. I just want to look at the bikes and not really purchase one because I am getting older. I was pleased to see affordable prices. Very close to pre covid prices actually. I saw bikes that can get 80 miles to the gallon as well.