The electric transition is BS! We cannot produce the electric, transmit the electric, or store the electric it would take to do this! The shit show marches on! Let’s go Brandon!
You are so right and I agree, it feels like most Canadians are being punished with high gas prices, “carbon tax”, increased “income tax” rates with less exceptions, “luxury taxes”, “capital gains” increases. It feels like the winds of change are shifting as very few people are thriving right now.
Spoke to a friend of mine who manages a Kia dealership. Told me sales are slow. Issue is Kia keeps sending them highly optioned vehicles no one’s willing to pay for. Most Kia buyers have shit tier credit and even if they wanted to buy won’t qualify. Any small cars are sold before they even get to the lot. Which leaves the $800/month soccer mom vehicles on the lot. He sold a customer some $65k electric Kia car last year (no idea what it was K6 or some crap I don’t follow EVs). Dude wanted to trade it in and he offered him $30k as the dealership didn’t want it at all. The EVs don’t sell.
@@markholubetz Another friend sells cars at Ford. He told me they told Ford they do not want anymore Mach E’s as they don’t sell. Had the same three on the lot over a year. Same issue with $70k plus vehicles collecting dust on the lot. I know it’s the internet and everyone on the internet has a $400k plus a year household income but my god regular people can’t afford shit on these lots. Making a payment doesn’t mean afford. My wife and I make good money and I can’t fathom how people are affording these monstrosities. When do I get to live the boomer lifestyle where a $90k vehicle is pocket change?
I bought a new Chevrolet Truck 1n 2016 and it still runs great and looks new. I will not buy a new truck with the cost of the new trucks double what the price should be. Quality has gone down while the prices have gone crazy as hell. So no thanks I'll keep what I have!
1 interest rates are not going down. The question is which manufacturers are going bust? Why are gm and Dodge selling trucks that chew up lifters?? I wouldn't want a new one for free...
To me there are three markets - EV - Cooling down - Non-Desired ICE vehicles - Cooling down - Desired ICE vehicles - Pretty good shape For the buyer, if their finances are in order it indeed may be a good time to look if you are seeking an EV or non-desired vehicle. If you are in the market for a desired vehicle (Toyota/Honda) if you can wait you may want to do so.
there will be no major EV market, until they build one that has suffiecent range, established charging infrastructure, an affordable price, dont malfunction regularly, catch on fire, drive EVERYBODYS insurance thru the roof,actually work in WINTER, it wont be happening soon folks.keep your older cars.you WILL need them for quite a while yet.
I agree. All of the reasons you listed are why I will never buy an electric car. Shame on the Biden administration for trying to push this scam on the American people.
Do you mean car makers miscalculated by raising prices throughout the pandemic? That raising prices and dropping quality doesn't drive sales? The makers need to grow a brain, ditch the dealership ripooff middlemen, and get back to affordable vehicles for the middle class. The car market is a total market failure.
Your government prioritizes citizens healthcare. South of the border is where corporations are prioritized instead of citizen healthcare. There is no perfect solution; I err on the side of citizen health instead of corporate health.
I keep hearing people say that Tesla sells direct to the customer. May be online, but there’s a Tesla dealership right down the road with the same exact experience that you would get from Ford Chevyor stLantis.
the housing market also, you can't pay back debt without high enough earnings we are striking midnight before universal basic income has to rescue the market.
The banks can that's who! You borrow the car from them with high interest payments and peacock smile down the road thinking I'm king shit lol. Long as you make payments the bank says you can drive my car.
I’m curious as to why these American automotive builders thought for a second that they could build an EV and price it the way that they did as if customers don’t understand the concept of reliability and history. I do however appreciate the guinea pigs out there that found out exactly what we all knew the whole time. Squeal like a piggy for us. Common, Squeal!!!
interesting, in 83 i bought a 75 mustang ghia v6 4 speed for 2k$.i thought it was a deal.drove it till 87.changed rear from 3.55 to 2.79.picked up 3 mpg highway commuting to trade school.
Lets be honest Most new vehicles are crap Overpriced poorly engineered Anything built in a union shop where workers are overpaid and underproductive adding huge cost to any build.Then there are the dealer repair rates.All insanely exensive.
I don't know why you are so concerned about Stellantis. Their Ram trucks are nothing special to say the least and their Jeep is a hunk of crap that has nothing to do with their namesake. Don't feel sorry for these manufacturers bc they are NOT reducing the paychecks of their top management and they are especially NOT asking their CEO's to take a 10% pay cut. Along with that, they are making sure their stocks and dividends don't take too big a hit. These manufacturers have forgotten who they are building cars for. It is the hardworking consumers who have made these company's profitable. It seems their only concern is for their stockholders. At a stockholders meeting anyone's head can be on the block and those top guys would rather sacrifice thousands of workers jobs and keep their own salaries in line with other CEO's. People are showing clearly they do NOT want EV's. They are willing to go for a hybrid IF the price comes down AND if they appear to be reliable. If more stories about damages to the ev battery come out and the consumer sees that he will be on the hook for the replacement of the new battery that will end ev's. Who wants to buy a $50,000 ev and find out they have somehow damaged the battery and it's NOT covered and YOU have to pay the $40,000.+ cost to replace it ! Don't forget that Elon Musk is the Donald tRUMP of the auto industry. He doesn't give a damn about you the buyer. It's about $$$$$$ The bottom line is DON'T BUY 'TIL JUNE or DEC if you want a chance to save a little money. Frankly, if you can hold off for another year you have a much better chance not to be screwed over as badly as if you bought today. Please, don't bend over ❗
I agree do t take it by these crooks and I truly do t care if Stellantis goes down other than it’s less competition which puts us one step closer to a monopoly which in turn drives up prices
@@markholubetz -There are enough car manufacturers so I don't think we have to be concerned about monopolies if Stellantis goes under. Don't get me wrong, I don't want to see Stellantis go under bc a LOT of people would lose their jobs. Nobody wants to see that. Stellantis needs a Lee Iacocca to bring them back to being relevant but men like him are hard to find.
Stellantis must clear inventory. With over six months of inventory, the clearing will force everyone to react. Perhaps the reaction will just be discounted interest loans or small discounting. The market is a falling knife.
Nobody wanted a plain Jane base model for decades. So the manufacturers quit building them. But yet now that cars are no longer affordable, they want them back. Too bad so sad. LOL
The electric transition is BS! We cannot produce the electric, transmit the electric, or store the electric it would take to do this! The shit show marches on! Let’s go Brandon!
Haha right?
You are asking for another one!
How about the MG3 drive away for just USD 13000 brand new. 7 years warranty. Perfect little city car for mum
Dealers won't give up stealing idiots with money. As long as banks lend money forget about price deop
Exactly and maybe the banks need to be spanked
It could all be fixed if they just dropped the prices. It’s so simple.
Wall Street won't like that.
Lower profits = lower stock prices.
Either way the stock crash in coming.
Yes
@@supertruckertom it actually already has. Fiat currency for the peasants. The electronic version of money is soon.
Gas is 170 right now in Ontario, the government is trying to punish those who don’t drive EV’s Mark… its BS.
You are so right and I agree, it feels like most Canadians are being punished with high gas prices, “carbon tax”, increased “income tax” rates with less exceptions, “luxury taxes”, “capital gains” increases. It feels like the winds of change are shifting as very few people are thriving right now.
Go ahead double the Petrol-Gas cost then watch the economy's completely CRASH ❗
The Plan! WEF approved!
Hope not
Spoke to a friend of mine who manages a Kia dealership. Told me sales are slow. Issue is Kia keeps sending them highly optioned vehicles no one’s willing to pay for. Most Kia buyers have shit tier credit and even if they wanted to buy won’t qualify. Any small cars are sold before they even get to the lot. Which leaves the $800/month soccer mom vehicles on the lot. He sold a customer some $65k electric Kia car last year (no idea what it was K6 or some crap I don’t follow EVs). Dude wanted to trade it in and he offered him $30k as the dealership didn’t want it at all. The EVs don’t sell.
That’s totally true EVs are becoming a flop on the resell market
@@markholubetz Another friend sells cars at Ford. He told me they told Ford they do not want anymore Mach E’s as they don’t sell. Had the same three on the lot over a year. Same issue with $70k plus vehicles collecting dust on the lot. I know it’s the internet and everyone on the internet has a $400k plus a year household income but my god regular people can’t afford shit on these lots. Making a payment doesn’t mean afford. My wife and I make good money and I can’t fathom how people are affording these monstrosities. When do I get to live the boomer lifestyle where a $90k vehicle is pocket change?
EVs sell just fine, Tesla has the #1 selling car in the world.
I bought a new Chevrolet Truck 1n 2016 and it still runs great and looks new. I will not buy a new truck with the cost of the new trucks double what the price should be. Quality has gone down while the prices have gone crazy as hell. So no thanks I'll keep what I have!
Love your content, very straight forward and no b. s. Keep it up from North Dakota!
Thank you so much. I really appreciate that
1 interest rates are not going down. The question is which manufacturers are going bust?
Why are gm and Dodge selling trucks that chew up lifters?? I wouldn't want a new one for free...
Yes that sounds like a poorly done engine design
@@markholubetz they are chronic... everyone knows it. Hey... know what BYD stands for? "Burn Your Driveway" ... Google BYD fire
Just seen the shout out you received from cqa today I’ve been searching for a Canadian perspective what province? Southern Ontario here.
Hi Jim, thanks a lot for the support and it’s great to hear from a neighbor. I am actually from Alberta, but try to bring the whole market into focus.
Same thing here. I've always been looking for a CQA equivalent but from the Canadian perspective. You got a sub in me.
To me there are three markets
- EV - Cooling down
- Non-Desired ICE vehicles - Cooling down
- Desired ICE vehicles - Pretty good shape
For the buyer, if their finances are in order it indeed may be a good time to look if you are seeking an EV or non-desired vehicle.
If you are in the market for a desired vehicle (Toyota/Honda) if you can wait you may want to do so.
That is a great assessment and I would generally agree. I am also finding plug in hybrids to be a hard to get commodity
“You will own nothing and be happy”. - Klaus Schwab
Yea
there will be no major EV market, until they build one that has suffiecent range, established charging infrastructure, an affordable price, dont malfunction regularly, catch on fire, drive EVERYBODYS insurance thru the roof,actually work in WINTER, it wont be happening soon folks.keep your older cars.you WILL need them for quite a while yet.
Agreed, keep the old ICE buggies going as long as possible
I agree. All of the reasons you listed are why I will never buy an electric car. Shame on the Biden administration for trying to push this scam on the American people.
Do you mean car makers miscalculated by raising prices throughout the pandemic? That raising prices and dropping quality doesn't drive sales? The makers need to grow a brain, ditch the dealership ripooff middlemen, and get back to affordable vehicles for the middle class. The car market is a total market failure.
You got some props from CQA today. Keep up the great work.
Thank you so much. I really appreciate that. Have a great week.
They would never trim thier massive bonuses
This is a result of greed.
You're Def my fav car video guy. Too bad you're Canadian!! Jkjk 😂😂😋😋
Haha thank you so much, I really appreciate that .
Got to pull you on this VAG group stands for ,Volkswagen Audi group
Imagine this:
You in Canada and the USA would be able to buy a LDV T60 for USD 28k Drive Away brand new.
But you can't.
In Canada, used Tesla are a lot more expensive than in the U.S., seems like we always get screwed in Canada.
That I agree with. I see lots of dirt cheap Teslas south of the border, but in Canada we get screwed on everything including used cars and EVs
Your government prioritizes citizens healthcare. South of the border is where corporations are prioritized instead of citizen healthcare. There is no perfect solution; I err on the side of citizen health instead of corporate health.
@@clintonross1649o yes dental and prescription drug and what else , health care what is that ?
I keep hearing people say that Tesla sells direct to the customer. May be online, but there’s a Tesla dealership right down the road with the same exact experience that you would get from Ford Chevyor stLantis.
Thanks for sharing
(FYI: the US dollar is about 1.37 Canadian dollars, fluctuating.)
It is, but mostly down
the housing market also, you can't pay back debt without high enough earnings we are striking midnight before universal basic income has to rescue the market.
Back off the pollution demands. Modern ICE cars are damn clean and hella affordable and more reliable .
Yes they are
You are asking for another one!
How about the MG3 drive away for just USD 13000 brand new. 7 years warranty. Perfect little city car for mum
The banks can that's who! You borrow the car from them with high interest payments and peacock smile down the road thinking I'm king shit lol. Long as you make payments the bank says you can drive my car.
Haha that is right, as long as the banks will lend it
I’m curious as to why these American automotive builders thought for a second that they could build an EV and price it the way that they did as if customers don’t understand the concept of reliability and history. I do however appreciate the guinea pigs out there that found out exactly what we all knew the whole time. Squeal like a piggy for us. Common, Squeal!!!
Hahaahaa.
I bought a 2 year old Mustang in 1974 for $2300....only had 2600 miles. I miss the 1970s 😢.
What was your wage back then???? $3 an hour????
Same, 70s and 80s were great
@gregorylyon1004 $1.35 pumping gas.Payments were $75 a month.1976 my rent was 100 a month 😳.
interesting, in 83 i bought a 75 mustang ghia v6 4 speed for 2k$.i thought it was a deal.drove it till 87.changed rear from 3.55 to 2.79.picked up 3 mpg highway commuting to trade school.
Lets be honest
Most new vehicles are crap
Overpriced poorly engineered
Anything built in a union shop where workers are overpaid and underproductive adding huge cost to any build.Then there are the dealer repair rates.All insanely exensive.
That’s true
US or Canada?
Canada
What can Elon Musk say tomorrow? (NO interesante).
Elon musk just wants another $52 million dollar bonus after laying off 14 thousand people last week
Well time will tell
I don't know why you are so concerned about Stellantis. Their Ram trucks are nothing special to say the least and their Jeep is a hunk of crap that has nothing to do with their namesake. Don't feel sorry for these manufacturers bc they are NOT reducing the paychecks of their top management and they are especially NOT asking their CEO's to take a 10% pay cut. Along with that, they are making sure their stocks and dividends don't take too big a hit.
These manufacturers have forgotten who they are building cars for. It is the hardworking consumers who have made these company's profitable. It seems their only concern is for their stockholders. At a stockholders meeting anyone's head can be on the block and those top guys would rather sacrifice thousands of workers jobs and keep their own salaries in line with other CEO's.
People are showing clearly they do NOT want EV's. They are willing to go for a hybrid IF the price comes down AND if they appear to be reliable. If more stories about damages to the ev battery come out and the consumer sees that he will be on the hook for the replacement of the new battery that will end ev's. Who wants to buy a $50,000 ev and find out they have somehow damaged the battery and it's NOT covered and YOU have to pay the $40,000.+ cost to replace it ! Don't forget that Elon Musk is the Donald tRUMP of the auto industry. He doesn't give a damn about you the buyer. It's about $$$$$$
The bottom line is DON'T BUY 'TIL JUNE or DEC if you want a chance to save a little money. Frankly, if you can hold off for another year you have a much better chance not to be screwed over as badly as if you bought today.
Please, don't bend over ❗
I agree do t take it by these crooks and I truly do t care if Stellantis goes down other than it’s less competition which puts us one step closer to a monopoly which in turn drives up prices
@@markholubetz -There are enough car manufacturers so I don't think we have to be concerned about monopolies if Stellantis goes under. Don't get me wrong, I don't want to see Stellantis go under bc a LOT of people would lose their jobs. Nobody wants to see that. Stellantis needs a Lee Iacocca to bring them back to being relevant but men like him are hard to find.
Stellantis must clear inventory. With over six months of inventory, the clearing will force everyone to react.
Perhaps the reaction will just be discounted interest loans or small discounting.
The market is a falling knife.
Gas or electric, all vehicles cost too much anymore , and they are loaded with features that most consumers could care less about.
Nobody wanted a plain Jane base model for decades. So the manufacturers quit building them. But yet now that cars are no longer affordable, they want them back. Too bad so sad. LOL
Way too much
@@gregorylyon1004 Maybe you enjoy that computer screen in the dash and a sensor for everything but I don't.
Go see a doctor ...