Their ego is still too big to slash $20k off and eat the difference themselves; and they would rather bring the car to auction and no sale it if below asking so they can still keep some of the dignity to themselves and not let end-customer having a grin on the face because they are offered $20k discount.
Honestly if you are in the market for a car, look for "stale cars" that have been on the lot for over a year, and make a super lowball offer. When they say no, walk away. There is a good chance they'll give you a call in a couple days. A lot of dealers are desperate to lower inventory. They need the space for new incoming inventory.
Yep. Also, it isn't just the American Market. If you look at Europe, it's the same. Sales are way down since the mid 2010s, and prices are way up. It isn't rocket science.
also interest rates for car loans are WAY higher which drastically increases the monthly payment even if the price doesn't go up. the federal reserve dropped interest rates recently but home and auto loans went UP due to that. people need to remember that the federal reserve rate is pretty much only for the government. WE dont get those rates.
Money is leaking hard somewhere. It ain't recirculating like it used to. Perhaps into crypto or something. It is having disastrous consequences for the global consumers. Regular ticket items like cars are having a hard time selling. Also the stupid idea of 10k-20k upcharges on dealerships have short term winnings in exchange for long term consequences. The cars are going to drop like flies for consumers to see them as a good deal instead of holding onto their old vehicles for another year or three
Go to your local dealership, if you're serious about buying a car and have the money to make a deal, you will find serious desperation from these dealers.
I talked to a local dealership that still has 2023 Jeep Wrangler Sport S for $48,000. When i asked how negotiable they are they said that was the lowest they would go. I laughed and told him good luck with keeping that one.
I was an underpaid snd under appreciated dealer technician for my entire adult life. It makes me so happy to see the industry in tears and all of the experienced senior techs doing something else. Im looking into oil and gas bevause we live in texas now. Rig maintenance is right up my alley after a year or two of floorhand experience learning about the rigs.
At first I was like "that's not possible", but then I remembered the Nissan Versa 5 Speed for 20k NEW video I saw the other day and realized it's definitely possible!
Not even 4 years ago, $150k would get you a decent HOUSE in many places. How did we get to where a depreciating asset that isn’t a luxury sports car is priced like a literal home???
@@DolphinDivingChamp Of course, every day you wait, your inventory is worth even less. They are paying interest and storage costs while their inventory keeps depreciating. At some point you are going to have to buy more storage lots as new inventory keeps coming in. Dealers have 3 million vehicles excess inventory when they are only selling about 16 million vehicles a year. I doubt you will get people in for 2024, 2023s and 2022s at current prices. However, Dealers will have to keep bringing in 2025s.
Bryan, you stated that your favorite dealership didn't have add-on window stickers. Yes, that is true. However, I went to their Nissan dealership back in the Spring to purcase a Frontier. We negotiated a price that I approved. But when I went to sign the papers, they added almost $2,000 in additional costs for coatings, theft protection, administratie fees, etc. When I objected, I was told that they charged these fees to every sale and that they were nonnegotiable. I left without the truck.
I decided to sell my mustang to the dealer before it gets a year older. They gave me a reasonable price. They're now asking 3500 less than what i paid for it new. Lol.
Commercial is the only part of Ford doing well. That is about to change. Transits are getting way too expensive. Watch the prices drop shortly all the pent up demand is gone
I hope they all go under, they tried to charge some of my friends 1.5 times the sticker price of a car and they said my car needed 8k in repairs when it only needed 2k in repairs. The world would be a better place if you ordered cars directly from the factory.
I was in the car market I refuse to pay 35 to 40k on a car. I will drive my 2009 Fusion that has 80k miles until it dies. It’s the principle, total rip off. The car will depreciate what 60 or 70% in about 4 years? Uber is looking better and better.
No one is feeling sorry for dealerships when not so long ago, we were seeing +10k "market adjustments". The market is speaking, let them adjust appropriately.
I went to buy my fifth Ford Explorer. Instead of the normal V6 they now have a four cylinder turbo. I ended up buying a Nissan Pathfinder with a V6 and no turbo. It was 2024 with 8K off list and a lifetime power train warranty.
When your prices are already insanely high a business scheme to keep your margins high and your price is up is not going to work. I can sit tight for years in the position I'm in right now, watch the market and the manufacturers crash and burn. I'm ready to bottom feed.
They did it to themselves. They made cars so overcomplicated and so expensive that the average person can't afford to buy one. And they cranked out mass quantities of cars that people aren't buying. The insurance companies can't even keep up with the cost of repairs. A minor fender bender with just a headlight/bumper damage is 15 grand to fix. For an automotive company to survive these days they need to create vehicles that are reliable, simple, and economical. That's what the majority of people want. That's what the majority of people can afford. They could still have all the expensive fancy upgrades for people that want them. But that shouldn't be the standard. They seriously created 100 thousand dollar pick up trucks and though people would buy them. They did this to themselves, they they deserve it.
I went to look at a 2008 Honda Accord that had 200k miles and was pretty clean and well maintained. They wanted $7000 for it, I new it was too high was hoping to get it for $5000, they would not budge even though the value is high end 5k...remember when cars were affordable?
I am about to get a motorcycle and renting a car once a month to get supplies, or a U-Haul if I need something big. It’s much cheaper than buying a new car or repairing a used car.
@@EvySurvivedDon't count on it coming down much, they are overpriced so high you will lose 10k driving it off the lot, wait til it all bottoms out. If you buy now you could lose a lot on depreciation as prices continue to fall! Hold the line!
If want a great deal, go buy a Chevy Trax or Buick encore, a lot of tech for the money! Vehicles that cost 50k don't even have all the tech they have. 25k deal, best vehicle for the money!
In the car market the saying is backwards with the inventory - "What goes down, must come up". In Ohio Ram has about 1000 new 1500s for sale , same number of Chevy Silverados, but Ford has 2000 F-150s for sale. $144,000! I paid $15,000 less for my brand new HOUSE in 2017!
All of these companies got rid of their affordable cars and built primarily for the upper middle class. And those folks do like new cars. But the prices are too high for doing it every year. And then on top of it when these vehicles come back to the dealer they are still to pricey for the avrage person to pick them up. One really has to wonder how much it 'really' costs to produce a car or truck nowadays.
Make a model with all of the stupid add ons removed and sell it for a price that people can afford. Its not rocket science. Vehicles now are over engineered with doodads pushing the price up to a point where they are unaffordable.
@coreywhalen1615 nope, I was in the teamsters. However, I also know a lot of jobs are overpaid. Everyone thinks they not being paid enough, while complaining the guy down the street getting paid more than them. While prices goes up for everyone to pay for benifits. Now we got greedy manufacturers, dearlers, employees. Overpriced vehicles, that are crap.
I have a paid off 2015 forester I am bored with. I test drove a Maverick. It was $31900. With the options I added if we went back in time 5 years and they priced it at ~23k I would have bought it right then. As it is, my car is fine and paying 50% extra is not worth it just because I am bored with it.
I'd be happy if they offered a Toyota Hilux here in the US. I could even find a use for several Toyota IMV trucks, but I can't get those either. The IMV starts at 10K, without a power tailgate, without leather, without a sunroof, you know - a truck.
My spouse rents tons of cars due to work and currently we have a Chrysler Pacifica. As nice as this thing looks on the outside, It has some MAJOR issues at only 43K miles. Loud Rumble coming from the transmission, We have several warning lights, Lane assist and Pre Collision not working. It blows my mind they are charging so much for such low quality products
Stellantis Harvard MBA be like “I have a great idea, we will raise our prices really high, sales volume will go down and profits will go way up! More money for less!” Whoops!
I am looking to a car not a house, those sticker price is for a condo not a car or truck, tell those CEO to remove all those auto gizmo stuff out, don't need those stuffs. people now day don't even know how to roll windows up anymore
"Program cars" - A few years back I was in my local Toyota dealer for warranty stuff (airbags and some safety stickers & other odds & ends) and they gave me a used car to use as a service loaner that day and overnight. They were selling so many cars that they kept a few good traded-in Toyotas for the loaner program. GM's Profits - Those profits were on the sale of fewer but more expensive/higher trim SUVs and trucks. That's great in the short term. but that's not a good long-term strategy. Lacking entry-level lower priced cars and trucks means they might be losing future customers in the trade-up market.
Good luck. Your not going to move inventory when your only giving a few thousand off for a product that’s marked up by 50%. This is only going to be the new norm. Continuous lay off because of greedy stealerships trying to drive up prices hoping the consumer during a high cost economy will choose a vehicle over essentials (e.g., housing and food).
I am sooo glad to hear this. I traded in Jan thinking I was doing good for a 2023 1500. Went to the dealer for a recall last week and they had 2 2024 5.7 the rest 2025. Maybe 30 trucks. I did my deal, but good to see them taking a hit.
I own a 2017 RAM BIG HORN TEXAS EDITION when I bought it I paid $37,000 today if you can find one they are pushing $100,000 equipped like mine. Mine has 120,000 miles now and I WILL NOT buy a new truck again at these stupid prices. All I have ever owned are DODGE and RAM trucks. I have decided that at the cost of a new truck and the cost of a crate engine I am going with the crate engine and get the truck repainted and that will still be UNDER $15,000 why pay more?
I'll think about buying a new car or truck when prices drop to $30k or less, otherwise I'll stick with used. Hopefully, more people will smarten up and do the same. Car manufacturers/dealers act as if wages have kept up with inflation.
Car prices skyrocketed during COVID due to lack of supply. Supply is back but manufacturers don’t want the party to stop so they lay off employees instead of lowering prices. Shame.
The Toyota dealers here in Ontario have banded together and stopped accepting allocations.. They keep a "very" low inventory on site, 5-8 vehicles max and go by order only with huge markups.. Complete crooks.
Some beautiful vehicles, but I can't afford them. Even if the interest rates were zero I couldn't afford them and I had no problem buying an F150 4x4 before the pandemic. I will not be able to ever buy one again at these prices. MSRPs would have to drop by more that 25% for me to be able to get a loan.
They keep forcing cars into the markets that people no longer want, because they're unreliable and - you guessed it - just too expensive. When your base model pick-up starts at $38,000+ delivery, dealer markups, tax and tags - there's a serious problem. Worse, often you can't even find base models. The lots are loaded up premium trims. All auto manufactures have grossly misread the markets. They need to make less expensive vehicles. People can no longer afford high maintenance and product costs. I hope they all hemorrhage money.
It’s called corporate greed - no matter what you are a republican or a democrat .. a CEO shouldn’t be making 29 million a year. They get fired doing a terrible job and still walk away with tens of millions of dollars that’s just insanity and yes I’m talking about you Mrs Ibarra
BRANDEN: Can you please talk about MSRP. For example a 2021 model could have a MSRP of 50K and a 2024 model MSRP has 65K with a 5K discount. So the customer is paying 10K more but thinks it is a good deal because of the 5K discount. What margins do different manufactures make, if a vehicle is sold at MSRP? Specifically how do different manufactures come up with the MSRP number?
How long will the depreciation take for a $120K Grand Wagoneer to drop to the price point that will allow you to park it on your lot at $5000 and under? What condition will it be in by then? What does Cadillac offer at the Grand Wagoneer price point, and is it selling any better? Better yet, what IS selling at $120K. We know where the market isn't at. What is moving?
These manufacturers need to start making affordable vehicles - this pie in the sky pricing and BS for GARBAGE cars SUVs and Trucks ONLY - is pure BS. I DO NOT feel sorry for these manufacturers or the grifting dealerships. Not one bit.
My take: auto manufacturers are trying to reset baseline pricing. It takes time. They want you and I to think $45K (for example) is a "great deal" for a base model pickup.
Hold the line folks, do not cave in to these insane prices and interest rates!!! I'm looking to buy a new truck. I live in Sac, CA, and the local Dodge and Nissan dealers are not willing to negotiate. They have the incentives just to lure you in. You can only take the one incentive either a low interest rate 4.99 or the discount price, but you can't have both. If you take the discount prices, they will get you on the interest rate of 6.99 percent or higher to make up for the discount prices. I'm going to wait and wait and wait and wait. Also, I'm not going into the dealership but just talking to them on the phone and thru emails.
Certain dealers will have a ton of them and on all the others websites it will say 'in transit' or something. They are basically hiding them to create artificial scarcity
Why don’t these dealers cut these prices like deep? They can help themselves by marking them down further. Like a F150 knock them down into the low 30’s they would fly out of the dealerships!
I want to go offer 20k off the asking price and call it a “market adjustment”
remember market adjustments? It should work the other way now.
I tried, they got boo boo and counter offered for 12k off.
Their ego is still too big to slash $20k off and eat the difference themselves; and they would rather bring the car to auction and no sale it if below asking so they can still keep some of the dignity to themselves and not let end-customer having a grin on the face because they are offered $20k discount.
@@GoonyMclinux i would say ok then 30k off and that door over there is looking fine for walking
Honestly if you are in the market for a car, look for "stale cars" that have been on the lot for over a year, and make a super lowball offer. When they say no, walk away.
There is a good chance they'll give you a call in a couple days. A lot of dealers are desperate to lower inventory. They need the space for new incoming inventory.
Who would have thought selling $80k+ basic transportation would have ended poorly for automakers 🤦♂️
🔥 we are in Christmas.!!! Let it rot, Let it rot, Let it rot .!!!
😂
😆🤣
Such a 'disaster' car market - yet cars still 80% higher than 2016 levels... Our salaries did not go up that much. THis isn't rocket science lol.
Yep. Also, it isn't just the American Market. If you look at Europe, it's the same. Sales are way down since the mid 2010s, and prices are way up. It isn't rocket science.
also interest rates for car loans are WAY higher which drastically increases the monthly payment even if the price doesn't go up. the federal reserve dropped interest rates recently but home and auto loans went UP due to that. people need to remember that the federal reserve rate is pretty much only for the government. WE dont get those rates.
@@jajsamurai add in extremely expensive full coverage insurance...
Money is leaking hard somewhere. It ain't recirculating like it used to. Perhaps into crypto or something. It is having disastrous consequences for the global consumers.
Regular ticket items like cars are having a hard time selling. Also the stupid idea of 10k-20k upcharges on dealerships have short term winnings in exchange for long term consequences.
The cars are going to drop like flies for consumers to see them as a good deal instead of holding onto their old vehicles for another year or three
@@WhiteWolfoseveryone I know is hiding money in bitcoin now instead of having to buy vehicles and things to offset the tax
He keeps pumping out these videos and people are keep commenting like this is new, meanwhile nothing changes in terms of car Prices
He keeps saying the same over and over to make money off views,haven't you figured it out yet?😂
@@JasRog1026 Doesn't mean he is wrong.
He is now showing that dealerships are cutting prices significantly now to move their over stock for the first time.
Its live market analysis. People used to read the paper and watch cnn for the same reasons
Go to your local dealership, if you're serious about buying a car and have the money to make a deal, you will find serious desperation from these dealers.
Stellantis: We are laying off many people because nobody will buy our $80K Jeeps
No one will buy our $80K jeep that is only worth $35K.😂😬🤡
👊💅 🔨 🤯 😂
The real answer is I don't care they're too expensive I'll never buy one anyways totally beyond my budget so they can go by the way of the Edsel
$100k Wagoneer or $100k Range Rover? Which will you choose?
@@DashiellParr411 $35,00? That's too kind!
A 70k truck needs a 200k mile powertrain warranty.
Big Time F them
The 70K trucks are not even worth that included.
They won’t last 100k
The problem is that they are fixing the problem with the same old garbage parts
Some dealers are still holding onto new 2022's and with dealer markups. I'm so blessed that I purchased my car in early 2020. 5 payments left!
Well done you.
@@stevekrupey3611
Bought mine in 2019… almost paid off and by the prices I won’t be getting a new car for quite sometime.
One dealer here in western NY has 5 Challengers on the lot.
How greedy do you need to be to not sell a 2022?
@@MiteshDamania Unbelievable. They were all Challengers and Chargers.
I talked to a local dealership that still has 2023 Jeep Wrangler Sport S for $48,000. When i asked how negotiable they are they said that was the lowest they would go. I laughed and told him good luck with keeping that one.
I was an underpaid snd under appreciated dealer technician for my entire adult life. It makes me so happy to see the industry in tears and all of the experienced senior techs doing something else. Im looking into oil and gas bevause we live in texas now. Rig maintenance is right up my alley after a year or two of floorhand experience learning about the rigs.
In my opinion most but not all new car dealers are both greedy and stupid.
The real stupidity comes when they all followed Biden down the EV hole for the cash! As soon as that stops, They’re done !
Agree. Most look to squeeze (or even screw) every bit they can out of each customer, instead of building relationships to earn longterm trust.
@@ScanFan_Ed Customers are not loyal either, they go with the price. Lower price down the street = gone.
They will simply go bankrupt like in 2008-2009
They are largely obsolete and won't be missed. What value do they add? Not much.
Who would pay over $100k for a Hummer EV? 😂😂😂😂😂
Didn’t he say $140K for that Hummer? These car guys are piping Crack in Hunter quantities!😂
Because it comes with a free Hummer
Looking to lease one before EOY. $900/month for 36 months 36k miles. $0DAS
a clown 🤡
Thanks for keeping us posted brother! Won't buy another truck until they get back to 30k and under!
inflation has actually stayed relatively the same as the past when it comes to new car prices.
@essel23fly 5%on 100k isn't the same as 5% of 30k
At first I was like "that's not possible", but then I remembered the Nissan Versa 5 Speed for 20k NEW video I saw the other day and realized it's definitely possible!
you will never see that. Base models may return to near that, but the better models will not get below $50K. Dividends MUST be met.
Why buy a grocery getter when u can't afford groceries.
Not even 4 years ago, $150k would get you a decent HOUSE in many places. How did we get to where a depreciating asset that isn’t a luxury sports car is priced like a literal home???
Ever heard of the federal reserve? That’s how…
They need to lower the prices by 30-50%. If they did that, they would certainly move inventory.
Some yes but not enough when 60% of the population is existing pay check to pay check never mind struggling to afford the basics.
60 percent at least across the board.
All companies need to have a 100k warranty if they want customers to buy.
That's a loss of like 100 million, you can play the waiting game for a long time instead of instantly losing 100m
@@DolphinDivingChamp Of course, every day you wait, your inventory is worth even less. They are paying interest and storage costs while their inventory keeps depreciating. At some point you are going to have to buy more storage lots as new inventory keeps coming in. Dealers have 3 million vehicles excess inventory when they are only selling about 16 million vehicles a year.
I doubt you will get people in for 2024, 2023s and 2022s at current prices. However, Dealers will have to keep bringing in 2025s.
Holding out until Jan/Feb to see where prices end up before making a move.
Looking to help my daughter and her bf get a car 🚘. Both in college.
Bryan, you stated that
your favorite dealership didn't have
add-on window stickers. Yes, that is true.
However, I went to their Nissan dealership
back in the Spring to
purcase a Frontier. We
negotiated a price that
I approved. But when I
went to sign the papers, they added almost $2,000 in additional costs for coatings, theft protection, administratie fees, etc.
When I objected, I was
told that they charged
these fees to every sale
and that they were nonnegotiable.
I left without the truck.
Good job! Feels better not to get screwed right! 😮
Let these new car dealers go out of business, they deserve it.
Dodge needs to build $28k work trucks that are simple and easy for the OWNER to fix.
They tried that with the Maverick pickup at that price point then dealers jacked it up to $35k and everyone was like wtf?
I think the you tubers are making more money than dealers by making videos everyday.There is no relief for car buyers from dealers.
I decided to sell my mustang to the dealer before it gets a year older. They gave me a reasonable price. They're now asking 3500 less than what i paid for it new. Lol.
Buick Envista is a HOT seller - best small SUV deal on the market! I bought a loaded '24 TS for $25,500 -
Hot garbage but its a popular vehicle with females, good soccer mom car i guess
I paid 77k for my farm.
Explain how a Ford Transit Ecoboost is 70k. 70k for an empty aluminum box. If the bronco can be sold for 27k the Transit should be 25 max
And they are low quality! Made to break! Not just maybe,, but made to break early on! No more Quality! 😮
Commercial is the only part of Ford doing well. That is about to change. Transits are getting way too expensive. Watch the prices drop shortly all the pent up demand is gone
Your regular average worker is BROKE, this inflation has wiped the working people Out! 😮
I hope they all go under, they tried to charge some of my friends 1.5 times the sticker price of a car and they said my car needed 8k in repairs when it only needed 2k in repairs. The world would be a better place if you ordered cars directly from the factory.
Well we know the solution for ¨bad management¨starts with the CEO...
I was in the car market I refuse to pay 35 to 40k on a car. I will drive my 2009 Fusion that has 80k miles until it dies. It’s the principle, total rip off. The car will depreciate what 60 or 70% in about 4 years? Uber is looking better and better.
No one is feeling sorry for dealerships when not so long ago, we were seeing +10k "market adjustments". The market is speaking, let them adjust appropriately.
Toyota dealer still adding $6,500 market adjustment to Grand Highlander
@@DashiellParr411 Then the market is fsked! Dont buy it, let it lot rot.
Poor 'market conditions' means very overpriced product not worth the asking price and dealer add-ons where applied.
I went to buy my fifth Ford Explorer. Instead of the normal V6 they now have a four cylinder turbo. I ended up buying a Nissan Pathfinder with a V6 and no turbo. It was 2024 with 8K off list and a lifetime power train warranty.
I smell 2008 but with subprime auto loans.
@@k20z3keith7 bingo!
Smells delicious! 2008 had amazing car deals. 2025 will be even better.
Chrysler has been CDR (circling the drain) for decades. Had it not been for the minivan, they would have been ancient history.
Chrysler is the Zombie Car Company. It's not really alive, but somehow not dead.
Pretty sure government bailouts had something to do with it
Wasn't that 30 years ago ?
It’s obvious to everyone except dealers and manufacturers, prices need to drop by 25-30% to pre-pandemic levels.
My old truck runs great and is paid for.
Would love to buy a new truck but not paying over 32k for one
I'm not paying a year's salary for a vehicle..
When your prices are already insanely high a business scheme to keep your margins high and your price is up is not going to work. I can sit tight for years in the position I'm in right now, watch the market and the manufacturers crash and burn. I'm ready to bottom feed.
I'm your vulture brother circling the caracass.
They did it to themselves. They made cars so overcomplicated and so expensive that the average person can't afford to buy one. And they cranked out mass quantities of cars that people aren't buying. The insurance companies can't even keep up with the cost of repairs. A minor fender bender with just a headlight/bumper damage is 15 grand to fix. For an automotive company to survive these days they need to create vehicles that are reliable, simple, and economical. That's what the majority of people want. That's what the majority of people can afford. They could still have all the expensive fancy upgrades for people that want them. But that shouldn't be the standard. They seriously created 100 thousand dollar pick up trucks and though people would buy them. They did this to themselves, they they deserve it.
I went to look at a 2008 Honda Accord that had 200k miles and was pretty clean and well maintained. They wanted $7000 for it, I new it was too high was hoping to get it for $5000, they would not budge even though the value is high end 5k...remember when cars were affordable?
I am about to get a motorcycle and renting a car once a month to get supplies, or a U-Haul if I need something big. It’s much cheaper than buying a new car or repairing a used car.
I need another car pretty soon hoping to purchase around Christmas when DS are desperate to clear their lots.
Remember when anything was affordable?
@@EvySurvivedDon't count on it coming down much, they are overpriced so high you will lose 10k driving it off the lot, wait til it all bottoms out. If you buy now you could lose a lot on depreciation as prices continue to fall! Hold the line!
If want a great deal, go buy a Chevy Trax or Buick encore, a lot of tech for the money! Vehicles that cost 50k don't even have all the tech they have. 25k deal, best vehicle for the money!
In the car market the saying is backwards with the inventory - "What goes down, must come up". In Ohio Ram has about 1000 new 1500s for sale , same number of Chevy Silverados, but Ford has 2000 F-150s for sale. $144,000! I paid $15,000 less for my brand new HOUSE in 2017!
All of these companies got rid of their affordable cars and built primarily for the upper middle class. And those folks do like new cars. But the prices are too high for doing it every year. And then on top of it when these vehicles come back to the dealer they are still to pricey for the avrage person to pick them up. One really has to wonder how much it 'really' costs to produce a car or truck nowadays.
2010 a base GTR was $120k, today a base Wagoneer is $120k
They'll just price the 2025s higher. Then the buyer "has" to buy the cheaper 2024 option sitting on the lot for 300 days! Ugh!
Make a model with all of the stupid add ons removed and sell it for a price that people can afford. Its not rocket science. Vehicles now are over engineered with doodads pushing the price up to a point where they are unaffordable.
When people talk about greed, they need to look at all that's involved - dealers, manufacturers, and employees.
Employees? Just like kicking the little guy? Or just complaining abt unions?
@coreywhalen1615 nope, I was in the teamsters. However, I also know a lot of jobs are overpaid. Everyone thinks they not being paid enough, while complaining the guy down the street getting paid more than them. While prices goes up for everyone to pay for benifits. Now we got greedy manufacturers, dearlers, employees. Overpriced vehicles, that are crap.
They overpriced everything then eliminated the V8 two huge mistakes
I have a paid off 2015 forester I am bored with. I test drove a Maverick. It was $31900. With the options I added if we went back in time 5 years and they priced it at ~23k I would have bought it right then. As it is, my car is fine and paying 50% extra is not worth it just because I am bored with it.
50 grand for a truck that’s crazy
back in 2019 I bought a Silverado all star edition ZR2 for 38K back when there was a 12k rebate.
Great information. Thanks for sharing.
I'd be happy if they offered a Toyota Hilux here in the US. I could even find a use for several Toyota IMV trucks, but I can't get those either. The IMV starts at 10K, without a power tailgate, without leather, without a sunroof, you know - a truck.
Also current problem is the new Tacomas looks like the GMC/Chevy trucks lol
My spouse rents tons of cars due to work and currently we have a Chrysler Pacifica. As nice as this thing looks on the outside, It has some MAJOR issues at only 43K miles. Loud Rumble coming from the transmission, We have several warning lights, Lane assist and Pre Collision not working. It blows my mind they are charging so much for such low quality products
These prices need to drop 40% to be reasonable. When i saw 3000 of a 55000 vehicle i laughed...its very entertaining.
Funny, but Ben Mynatt is the only dealer of all the ones you've profiled that I would never do business with again
Local dealer can't keep Land Cruisers in stock, much less sell them at a discount. They don't expect to get another Land Cruiser unit until EOY.
Stellantis Harvard MBA be like “I have a great idea, we will raise our prices really high, sales volume will go down and profits will go way up! More money for less!” Whoops!
I also work for a manufacturer and a higher up told me they price the vehicles 30-40k over what it costs to make them now days
Always look forward towards watching ur vids. Good stuff.
I am looking to a car not a house, those sticker price is for a condo not a car or truck, tell those CEO to remove all those auto gizmo stuff out, don't need those stuffs. people now day don't even know how to roll windows up anymore
Now fix the Quality! Need to take 20k off for that!
"Program cars" - A few years back I was in my local Toyota dealer for warranty stuff (airbags and some safety stickers & other odds & ends) and they gave me a used car to use as a service loaner that day and overnight. They were selling so many cars that they kept a few good traded-in Toyotas for the loaner program.
GM's Profits - Those profits were on the sale of fewer but more expensive/higher trim SUVs and trucks. That's great in the short term. but that's not a good long-term strategy. Lacking entry-level lower priced cars and trucks means they might be losing future customers in the trade-up market.
Good luck. Your not going to move inventory when your only giving a few thousand off for a product that’s marked up by 50%. This is only going to be the new norm. Continuous lay off because of greedy stealerships trying to drive up prices hoping the consumer during a high cost economy will choose a vehicle over essentials (e.g., housing and food).
Same video posted over and over and over, telling us it's over, over, over! Zzzzzzzz.
I am sooo glad to hear this. I traded in Jan thinking I was doing good for a 2023 1500. Went to the dealer for a recall last week and they had 2 2024 5.7 the rest 2025. Maybe 30 trucks. I did my deal, but good to see them taking a hit.
Jeep/RAM is simply going to need to drop prices by 40-50% to sell them.
My local Jeep dealer is selling new 2024 grand wagnoneers for 30k off msrp. Current price, 96k. Out of their mind 😂😂
I’ll say it straight $4000 isn’t going to do it! It needs to be $20k
No way in hell Toyota has all of the engines replaced under recall already.
For what it's worth, these are my 2nd favorite videos that you make. #1 are the auctions. Thanks for your content
I own a 2017 RAM BIG HORN TEXAS EDITION when I bought it I paid $37,000 today if you can find one they are pushing $100,000 equipped like mine. Mine has 120,000 miles now and I WILL NOT buy a new truck again at these stupid prices. All I have ever owned are DODGE and RAM trucks. I have decided that at the cost of a new truck and the cost of a crate engine I am going with the crate engine and get the truck repainted and that will still be UNDER $15,000 why pay more?
Maybe some of the surviving manufacturers/dealers will learn some lessons from this. Like, DON'T RIPOFF YOUR CUSTOMERS.
Prices must drop way down first. The drop in value drops faster and faster for plastics. Where is the value???
They will have to take about 40k or more off before I buy a new truck. 80 to 120k for a truck is ridiculous; no one in their right mind would pay it.
Woah, Stellantis is really good at layoffs and plant shutdowns. Maybe the CEO has too much on his hands trashing his own company. 😮
Those Grand Wagoneers are the biggest waste of money. $100k+ for a Jeep, lol.
I wonder how many dealers still have new 2023s that still haven't sold.
I'll think about buying a new car or truck when prices drop to $30k or less, otherwise I'll stick with used. Hopefully, more people will smarten up and do the same. Car manufacturers/dealers act as if wages have kept up with inflation.
Car prices skyrocketed during COVID due to lack of supply. Supply is back but manufacturers don’t want the party to stop so they lay off employees instead of lowering prices. Shame.
The Toyota dealers here in Ontario have banded together and stopped accepting allocations.. They keep a "very" low inventory on site, 5-8 vehicles max and go by order only with huge markups.. Complete crooks.
Some beautiful vehicles, but I can't afford them. Even if the interest rates were zero I couldn't afford them and I had no problem buying an F150 4x4 before the pandemic. I will not be able to ever buy one again at these prices. MSRPs would have to drop by more that 25% for me to be able to get a loan.
Thanks for the current market insight.
Brother, the whole last 3 years has been one long story of “French Fried when you should have Pizza’d”
I think it’s unfair the people who should be laid off or fired are the ceo who started over inflating prices.
Corporate Socialism!
They keep forcing cars into the markets that people no longer want, because they're unreliable and - you guessed it - just too expensive. When your base model pick-up starts at $38,000+ delivery, dealer markups, tax and tags - there's a serious problem. Worse, often you can't even find base models. The lots are loaded up premium trims. All auto manufactures have grossly misread the markets. They need to make less expensive vehicles. People can no longer afford high maintenance and product costs. I hope they all hemorrhage money.
It’s called corporate greed - no matter what you are a republican or a democrat .. a CEO shouldn’t be making 29 million a year. They get fired doing a terrible job and still walk away with tens of millions of dollars that’s just insanity and yes I’m talking about you Mrs Ibarra
I’ll be in the market in February/ March. I feel by then I’ll get a great deal somewhere. I’m doing my homework to buy something reliable. Cash !!
Over inflated prices cause unnecessary blowouts.
Who can afford 60 70 thousand with high interest rates?
2024 bronco top trim $97,000 also 2023 navigator $114,000 let it rot
BRANDEN: Can you please talk about MSRP. For example a 2021 model could have a MSRP of 50K and a 2024 model MSRP has 65K with a 5K discount. So the customer is paying 10K more but thinks it is a good deal because of the 5K discount. What margins do different manufactures make, if a vehicle is sold at MSRP? Specifically how do different manufactures come up with the MSRP number?
How long will the depreciation take for a $120K Grand Wagoneer to drop to the price point that will allow you to park it on your lot at $5000 and under? What condition will it be in by then? What does Cadillac offer at the Grand Wagoneer price point, and is it selling any better? Better yet, what IS selling at $120K. We know where the market isn't at. What is moving?
Imagine that. Toyota and Honda quality goes to hell as soon as they move production to Mexico.
These manufacturers need to start making affordable vehicles - this pie in the sky pricing and BS for GARBAGE cars SUVs and Trucks ONLY -
is pure BS. I DO NOT feel sorry for these manufacturers or the grifting dealerships. Not one bit.
They need to cut the cost of these things by 50%. C'mon...$90k for a truck worth $42-45k.
Stellantis laying of people because of "poor car market conditions" of which they were a large part of creating.
If they sold them for cost, they'd still be too expensive
LOL...good for them. I absolutely LOVE these videos.
My take: auto manufacturers are trying to reset baseline pricing. It takes time. They want you and I to think $45K (for example) is a "great deal" for a base model pickup.
Hold the line folks, do not cave in to these insane prices and interest rates!!! I'm looking to buy a new truck. I live in Sac, CA, and the local Dodge and Nissan dealers are not willing to negotiate. They have the incentives just to lure you in. You can only take the one incentive either a low interest rate 4.99 or the discount price, but you can't have both. If you take the discount prices, they will get you on the interest rate of 6.99 percent or higher to make up for the discount prices. I'm going to wait and wait and wait and wait. Also, I'm not going into the dealership but just talking to them on the phone and thru emails.
Where are you that has Broncos on the lot? Everything near me has nothing.
Certain dealers will have a ton of them and on all the others websites it will say 'in transit' or something. They are basically hiding them to create artificial scarcity
Lots of bronco sports on an overflow lot in western Pa.
Why don’t these dealers cut these prices like deep? They can help themselves by marking them down further. Like a F150 knock them down into the low 30’s they would fly out of the dealerships!