We all know what really happened. They were banking that the prices of cars would rise and they would be sitting on a gold mine but now prices are falling on cars
@ericdolby1622 what happened is the DEI marketing departments mistargeted the market to an exclusive luxery market that does not exist. IDIOTS. Fire all of them.
When you make over priced CRAP people eventually figure it out and REFUSE to buy. So dealers have not only been defrauding customers, but also the car manufacturers, and now everyone is HOSED. PERFECT!!! HAHAHAHAHA
But with 20 thousand dollar mark-ups , the manufacture could say they caused the vehicles to not sell. The solution is direct to customer sales and end the dealership .
I live in Wilkes County NC. I went in to buy a new truck in 2022 and was told every truck I looked at was a fleet vehicle and it was sold. Randy Marion in Wilkesboro just spent millions on rebuilding a monster monster dealership. Yea now the markets crashing they want out haha. Karma
in NC that is completely true. last year their severely gerrymander state house and senate passed a bill the populace did not want 3 to 1 but the house and senate passed the special interests bill the gov. vetoed it they over rode his veto.
Lived much of my life buying old rusted out junk and applying glue, bandaids and witchcraft to keep them operable. My newest vehicle is 2011 right now. Everything still works fine. I'll be buying another newer used one...at some point...when the prices drop even more.
@@georgemartin1436 I like working on vehicles and I am looking for a project car myself. I am not going to pay 10 to 12 grand for the garbage they are selling
$30k brand new. That's price on any new truck all day long. It only cost $14k to make one including labor, parts, and prep. They don't need to make a $40k profit on these trucks. Stellantis has done this to themselves, they are totally out of touch with their base consumer.
It's amazing how Stellantis, with such a strong lineup of cars like the Challenger, Charger, Jeeps, and RAMs, could have simply focused on making good, reliable, long-lasting and reasonably priced vehicles, growing their fan base year after year - but no. Let's produce unreliable crap and charge like for a gold bar, just to please Wall Street. Wonder how that will go.. huh, Stellantis?
Yet, Ford claims that the F150 Lightning was the reason for their problems. Yet, the truth is that the vehicles were way overpriced and not being sold to consumers. I am not the smartest person on earth, I would think that people want to buy a vehicle that they can afford and not one that they can’t afford. I guess I am just too stupid.
Their truck sales took a hit and it hurt them. I was going to buy a new Ford but unless you go in asking for an F150 for a truck you're simply ignored or told to go away.
Their truck sales took a hit and it hurt them. I was going to buy a new Ford but unless you go in asking for an F150 for a truck you're simply ignored or told to go away.
A Jeep salesman told me Stellantis kept pumping out product but didn’t provide rebates to balance out the market. Thus they have all this stock they can’t get rid of.
They did, but $1500 on a $48k Jeep Sport trim is nothing. They even had $4k on their lower level Grand Cherokee $80k. Ain't no one dumb enough to buy one.
@@cafenightster4548right? manufacturers are offering a level of rebates and "deals" as if their vehicles were still in the $30-$40K range but they're not! Saw an article recently about how GM's special offer for the month on trucks is long-term financing (84 months) at 5.9% APR. That's it. That's the "deal" 😂😂
@@dwighterickson6121 No. The actual MSRP on their products has been jacked up to crazy amounts. There is no room at all for a dealer to add anything extra.
I drive by that dealership about once a month. They just finished a major site expansion and renovation last year. They packed the lot shortly after the renovation. I always wondered how they could be selling so may vehicles when the rest of the market seemed to be struggling.
They ain't selling nothing, they probably hoped they were gonna keep selling at markups prices. Been to 2 jeep dealers and they both had 50+ jeeps on the lot.
Nice so they have all the payments to make on the buildings too, which were likely all built to brand standards/imaging and now they are exiting the brands. BRILLIANT. Trump-level business skills.
They were making tons of cash during Covid, expanded like crazy thinking the good times would last forever, but then the bottom fell out of the market.
So, the way I see it, the dealer had a lot of customer orders and once they hit the dealerships lot, they added mark-ups and then the customers backed out of the deal and now the dealership was stuck with these ordered vehicles, so they shift the vehicles around to make it seem like they're sold and the manufacturer kept sending more vehicles and they just got themselves stuck with loads of vehicles they couldn't make sales, so they want out of the franchise!!
While a LITTLE of what you said has some truth on a dealer by dealer basis (the ones caught doing that had their franchise taken, or their vehicles for the next X months sent elsewhere as punishment) The pricing and the rated are the problem. When the Fed raises the rates, people stop(slow down) buying, and THATS their goal
As bad as Stellantis is-it seems to me that the dealer is at fault. If the dealership is implying that the trucks are sold to Stellantis when placing the orders--Stellantis should not be forced to purchase them back. If the dealership did order them for a client-they should have taken a non refundable deposit on them. If the dealership was doctoring up sales so that they could effectively just accumulate vehicles at a time where there was short supply so that they could over charge the public for them-Stellantis should not be on the hook.
Should sue the lenders for allowing them to sell chargers/challengers to people with a 225 credit score. "Don't worry, we do in-house financing for 260 months at a 35% interest rate. We only need $150.00 down, and you'll drive it off the lot today. "
Yea and I can’t get Toyota Camry without putting 5k down and a 680 credit and still pay a 650 car note. But these banana grippers with 400 credit score can get approved for these 50k plus monkey mobiles aka chargers/hellcats for 800 plus a month 1500 down crazy absurd.🤣🤣🤣
Why blame the lender, if the borrow agrees then the borrower seem to be the negligent party, no one forced the borrower to borrow at ridiculous rates….. I want less government red tape not more….
@CQA Very good story. You had a bit of info that wasn't quite right. You were mistaken when you said "they uplifted some of the vehicles meaning big tires and wheel and lift kits were installed". The word on the document you misread is upfitted. Upfitting is taking a cab and chassis and putting a box , a flat bed, a dump bed, a rollback, an Ambulance etc. Its Vocation specific equipment installed to make the cab and chassis a complete vehicle.
@@jamesodell3064 God knows they etch every VIN in every catalytic converter as soon as they come off the trucks so they can charge $695. Sounds like modification to me. Oops.
I can't believe I'm about to defend Stellantis, but it seems like Randy Marion cooked the books and is left holding unsold inventory. May as well file chapter 11 and get out of this business completely.
You forgot Stellantis pressured them to move these vehicles to fleet or loaners so Stellantis could show them sold and pump up profit to protect stock value. Stellantis needs to lose this case.
Chapter 11 is a reorg bankruptcy, that wouldn't be getting out of the business completely for what I assume is their only business as a dealership network. A chapter 7 and closing forever would be.
We have a local Stellantis dealer (NW Arkansas) with the same exact story. Overflowing inventory of fleet vehicles and buyer backed out (supposedly). It must be an epidemic. All new dealerships are overflowing with vehicles now. I'll never forget "market adjustment". They can choke on them.
It is not only the price for the Rams . The fools never fixed the issue with the 5.7 revolving around oil supply issues causing valves and cams to fail.
What these dealers need to understand is most Americans CANNOT AFFORD to buy their products. It's not negotiable. They can't afford it. So one of 2 things needs to happen. 1. Prices stay the same & traffic fatalities skyrocket because no one can afford reliable vehicles to work. (We all share the same roads) 2. Prices come back down to Earth so we can continue to function as a species. It's not rocket science.
@@big0bad0brad If the majority of the population cannot afford new vehicles what is the logical outcome over time? They will continue to drive their older vehicles as long as possible. As a result the likelihood of said vehicles breaking down over time increases, therefore putting everyone on the road at risk. Doesn't matter if you have a Lambo if your neighbor next to you is driving a vehicle that is held together with duct tape & crashes into you. We all share the same roads.
@@lancebennington5327 What puts people on the road at risk is largely bad brakes. Those don't need a new car to fix. Now the government thinks that anything that causes the powertrain to fail while driving is enough for a safety recall but I would insist that it's much less likely that this kind of failure would cause deaths, for almost all of our roads. Injuries are more possible but when there's a shoulder on most highways, a dead engine isn't a dead person. YMMV but skyrocketing fatalities is bullshit.
@@lancebennington5327 Population control. This is the plan. Those with $ can buy the Hummer EV tanks and Cybertrucks that obliterate any peonmobile that encounters them.
@@tHebUm18100% that happens. I actually went to a Chevy dealer about a year ago while HD truck shopping. Sales manager was surprisingly honest and when I told him the configuration I was looking for, he was straight up like, "We can't get that for you. GM won't give us an allocation for something like that because our sales dropped post-COVID and never recovered. We had a ton of inventory and even a bunch of orders that owners backed out of so they took our allocations down by half and heavily restricted what we can order."
@@tHebUm18 did you not watch the part about the dealership using a company's fleet account number unknowingly to them to bulk up on inventory that was allocated for fleet vehicles, only to customize them to make them not look like fleet vehicles to sell them to the public?
My thoughts: The car dealer took advantage of incentives by purchasing a large number of cars, but got into trouble because the cars were not sold. He is trying to avoid bankruptcy in this way and sees it as a last resort. It's understandable that the franchisor does not agree with this. And it's simply a business risk for the dealer. I'm interested to see how this progresses.
I’d heard the dealership claimed the fleet vehicles were sold as a way to corner the market when production was low. That way the dealership could names its price if the vehicles weren’t available anywhere else.
Yes, the 5.7 hemi disaster, causing dodge ram owners to lose thousands of dollars from premature engine failure, people decided they don’t want to buy that junk anymore
I don’t know about that incident. I only know that dodge rams’ value is almost nothing when they’re at the age that they should have lots of life. Obviously made the be “throw aways”.
Better to be 70-80% off and then I will consider financing one with the V 10 or the cummins diesel. Up here in Canada a new vehicle costs 40% higher than in the states.
Why wouldn't a dealership want to dump it Jeep,Dodge, and Ram franchise with Stellantis closing factories and laying off people. Customers look at that as say "I'm not buying a product that will be gone tomorrow and will kill it's retail value".
There's a Dodge dealer near me , I don't see many fleet vehicles but the lot is jammed packed with Jeeps and Wagoneers and all kinds of vehicles plus used vehicles that never seem to move.
Ford Stealership GAUDIN FORD in las Vegas ordered 5 Transit vans under my company fleet number in 2022 made me wait 8 months and when the vehicles arrived they returned my $5000 deposit to me, I had the vin numbers for these vans.. later I found out from the fleet manager whom got fired that they sold those vans for $5k markup. When I had run dmv on those vins he was right they sold them to other companies for markup. Dealerships are crooked and I wish they never existed. I think there should be a system that you should be able to take your vehicles to any independent shops to do warranty; buy vehicles directly from manufacturers and cut out the middle man…
If you cut out the middle man, the MFG just adds to the msrp themselves. It's funny how everyone things MFGs are altruistic angels looking out for the little guy...
Sorry, if the law says that unSOLD cars need to be bought back by the manufacturer, none of those vehicles ordered through fleet sales as already having been sold qualify for the buyback. Tough luck, eat cake.
t's one thing if they got stuck with 60 vans... it's another thing to have 3,800 vans/trucks/cars. The dealership was prob making payments on the inventory (off their floorplan). One would think that they would be cautious if they got stuck with a hundred or two vehicles... but 3,800 is clearly fraud. I'm sure the dealership got bonuses and incentives for "selling" so many vehicles.
Been to 5 cdjr dealerships. Negotiated a specific 4xe trim. NONE of them are willing to discount any further. 1 unit sat 384 days and youngest was 69 days. The rest were all 100+ days just rotting away paying floor plans. Lots are maximum capacity but personnel are at minimum Im sure they laid off a bunch of ppl and those left are the A team boys/girls. These people are not living in reality and hoping for 1 sale a day from a Sucker signing everything the F&I manager sells them. Dealership are selling loans, warranties, services etc... These guys are not selling cars anymore. Major reason they are okay holding on to inventory imo.
I was in the market for a new Ram pickup, this was summer of 2023. I had owned Dodge or Ram trucks all my life. I went to a local dodge dealer to look for my next truck. Ram was offering a 1500 pickup for $35,00. The only ones I could find was trucks that started at $70,000. I was told that Ram hasn’t released the truck for that $35,000 sale. Also I didn’t want a rotary transmission selector. I want the truck with a center consul shifter. I really wanted a consul automatic transmission shifter. So in October I bought a 2033 Toyota Tacoma SR. 2 wheel drive with a consul transmission shifter for $30,000. I’m never going back to Ram for a pickup. They lost me for a customer for life after owning Dodge or Ram for all my life.
Great video man! I have a Jeep lease that expires in a few months and I can’t wait to get out of this Stellantis product… it’s total junk quality..been back and forth to dealership with issues, many which they are unable to fix correctly. Stellantis should sell let someone new fix this iconic brand and bring it back to being quality affordable vehicles!
Bad thing is that these fleet vehicles at Marion Dodge are 2022, 2023, & 2024 models snd every single one is brand new with around 50-60 miles on them. I live in the area and I’ll be happy to buy a 2022 or maybe 2023 but I’m only willing to pay 25% of sticker. It’s no different than what they would offer us on trade in if the boot was on the other foot
If you're a dealer who faked sales to get more allocation you should be stuck with those vehicles. If a fleet buyer backed out, that's on the dealer too. If I'm a dealer, I'm not ordering millions of $ worth of fleet trucks without a contract with the buyer.
There's still a lot of Dodge Ram white fleet trucks parked on a rented lot near me...south of Kansas City. A lot of them parked at the neighboring Ford dealership.
Tbf this dealership fraudulently bought thousands of cars from the manufacturer by marking them as fleet vehicles (sold) when they were in fact unsold. Stellantis doesn't want dealers doing this. No manufacturer does. Saying they do is just a lie. Dealerships do this to play the allocation game, which is entirely on them.
I have NO LOVE for Stellantis because the CEO has basically ran them into the ground, but the dealer seems VERY deceptive and they should lose. With 3,800+ vehicles on their lots, theres NO WAY the dealer had that many pre sales that didnt sell.
Anyone who has suffered a typical legacy dealer purchase experience will have little sympathy for the dealer. Sitting alone in a cramped salesman’s office/cubicle while the salesman runs back and forth to the mysterious sales manager hiding in another office is a horrible experience.
You can literally ask to negotiate with the manager. Make them run back and forth twice. Then tell them if the manager doesn't show then you walk. Then ACTUALLY WALK if they don't. And don't go back either. Write off ever going to that dealer again. If you want a specific car that they have, go to a different dealer and ask them to pluck it on dealer trade. Offer to pay a premium. Thats normal and reasonable since you're having them source a car unconventionally AND both dealers have to agree btw, so not guaranteed.
Here my view. If Stellantis would just force all their dealers to shut down and let consumers order their vehicles straight to either a delivery center near the consumers or straight to their homes with a freight fee. Easy peasy. I hate dealerships. Can you tell?
all about warrany work, parts availability unless stellantis can provide what dealers cannot a no sale. all about reliability and affordability. they can get back to selling reliability.
What are you gonna do when one year the price goes from 40k to 85k? Oh and there's no negotiating down anymore. You can only order online and you can't talk to a person. You pay what they tell you is "fair" or you don't get a truck. Then what? You really think MFGs are altruistic angels who are "held back" by dealers? Who do you think created the structures that dealers have been playing towards, at the expense of the consumer?
@@randomuseramethey want to move product, in no world does cutting out a middleman raise prices, mfg has profit built in to both them and the dealer in the msrp, dealerships gouging hasnt benefitted the mfg at all, makers would be ecstatic to be getting the full msrp keeping the dealer profit also, the dealership system doesn't benefit anyone but the dealerships.
Heres a crazy thought... Maybe trying to gouge customers and charge 30% over MSRP is YOUR fuckin problem, NOT the manufacturers that provide MSRP pricing.
Sad part I am a Ram customer had 3 different Ram Diesel pickups starting in 1996 currently have a 2017 will never buy another one! Done Finished Thanks Ram and EPA! Wish I had my 03 back or the 96!
I bought 2006 Caravan brand new. Now has 65,000 miles. Body rot & 3.3 bad water pump. 65,000 miles/ most vehicles are just broken in. This one is just broken.😢 CB
If my GF ordered 20,000lbs of chicken, can she sue TYSON? I'd never buy a Stellantis anything, so I have "no dog in the fight" but the dealers AND the corporation are both guilty of being stupid in my opinion.
Fleet vehicles cannot be sold to private individuals.... Fleet vehicles means you're buying multiple trucks.... They are the old style classics... Much cheaper and less equipment, for companies to use as real work trucks...
We purchased a vehicle online with Toyota. It was hassle free and we didn’t have to go in the dealership. We only had to go close on the deal, but there was absolutely no negotiation. It was the same price we saw online
In 1975, my parents bought a Pontiac Catalina with the standard 400 cubic inch V-8 (to pull a travel trailer). The very next year, that dealership (Marsh Pontiac in Colerain / Cincinnati) became "Toyota of Cincinnati". Dealerships can only sell big, unwanted vehicles for so long (or garbage like the Pontiac Astre, a rebadged VEGA) before they jump ship.
Again, BOTH the dealers AND Stellantis played this greed game and they are both liable. They BOTH refused to listen to their customers and instead tried to force products down our throats. Ford and Chevy have done the same thing. Now they are beginning to pay the price. The only way out of this is to finally begin producing enough of what the market is demanding and actually work WITH the public. Then slowly the situation will begin to correct itself. Now, I will add that enough people bought into bigger and more expensive was better and helped bring down the market in the long run as well. For those, they need to shift expectations. The entire market needs a reset to understand the tiers of their customers.
Domestics aren't going to survive this. Auburn Hills, Warren and Dearborn are going to have a ton of vacant office/R&D space to deal with. This is so much worse than what happened in the 70s with being out of touch with consumers and reality in a changing world. They bet their house on big, expensive, inefficient, high margin vehicles.
I got my Ram 2500 from a dealership who ordered for a construction company and then they didn't want it. Got a good deal for almost what I wanted. No tow mirrors.
Over the pandemic they rented out parking garages and even random lots with "blackout" fences and gates put up. All they needed was the dirt, no need to develop land if there was no covered storage available. Dealers did this and then "told" us there was low inventory and so the markups were necessary. It was never necessary. Even the chip shortage was a lie because at the same time there was no shortage in the computer-building world. The only reason there was a limit on certain parts was because people were using them to try and mine bitcoins.
Ohh nooo. The Stellantis execs have to give back a quarterly bonus??? 😱 Edit: Now that you mention all of the dealerships that will follow suit, GOODNIGHT IRENE!!!
There has to be a better way to buy a vehicle than to have to purchase from a dealership. I would like to buy a newer vehicle, but the thought of doing business with a dealership makes me want to puke.
If i was the Judge in that case i would of tell the dealership , Too bad the cars are al yours , Beacause they ordering more Cars & Trucks , Its not Fair Chrysler sould not be ordered to buy them back
one of the issues that happened around here was when dealers "moved" these vehicles showing as "sold" in stellantis computers even though they technically were brand new.. the warranty clock had already started as they were improperly marked as sold vs unsold but used as demo vehicles, etc... so customers that bought one of those a year later mightve gotten a 7 ile on the clock "used car" with a shortened warranty.. something they figured fleets who rack up miles much quicker than the time frame wouldnt care??. I know there were only a few such cars at a dealer near me but no idea how many of them landed in consumers hands across the country from various dealers.. if stellantis "liked it" then it was short sighted to make stockholders happy.. stellantis knowing that union contracts were coming up in 22 and 23 shouldve wanted their numbers to look terrible s othey wouldnt bite it at the hands of a militant sean fain..stellantis and their dealers both Blew it the last few years... in this case it seems totally on the backs of marion that he told stellantis they were sold so they could get "sweet" allocations like hgih markup soecial challengers, chargers, and the like.. isnt there a massive penalty for a fleet-buyer that backs out? there has to be some kind of pain felt by a customer. that mass orders than says "nope".....
Ol'e Randy here could get rid of every truck on the lot in 1 week tops. MSRP less 60%. Take the hit, get out and ride into the sunset. The loss will be less than what this litigation is going to chew up.
This is just one dealership. It will be interesting to see how it turns out. What about these mega dealers that have 15 to 20 dealerships was that kind of inventory and flooring cost it could bankrupt several mega dealers
Used ram market is cracking... been waiting 2 years for one properly priced just picked up a gently used 2020 ram 2500 tradesman hemi 4x4 in jersey still under powertrain warranty ... 26,500 out the door!
I've been looking for a Rebel gt for months. Right now, I can get a 23 w 3k miles for 53k, a brand new 24 for under 60, while the 25s are not selling and going for....75? It's insane. Gotta be patient and be willing to ship it
Have fun. Those engines are known for engine lifter failures. Big Monet to repair. Better make sure you dont ever go more than 5000 miles on an oil change. I tell people to do it every 4k or less. Ive been a tech for over 30 years. other than that solid truck . also change the trans fluid every 30k and you will be fine for a very long time. You dont its your Money and you will pay a lot
@@hostiledynamics agreed patience is key here ... all markets not just the car markets are going to be volatile as hell for the next few years . stretch your current car a bit, save a lil more for a down payment and get your credit right ... the deals are out there they just take a lil more work right now to find
I was looking dodge suv prices, I dont see any 0% APR offers, I dont see any mark attempt to get the customer to come to the dealership for a discount negotiated price. I dont see them bundling any offers or perks to entice the customer to take the plunge.... I mean have these companies forgot, how do business ?
@@GOPRepubliklanaccording to comments from people who live near this dealership it's a combination of them doing a huge renovation that expanded their lot size and having tons of overflow lots that are now packed with unpurchased vehicles that are offsite but nearby.
Most likely not. Those millions are in assets (the value of the vehicles), not necessarily their own money. Most of those trucks are probably on floorplan; Which is a giga-loan that dealers get to "fill slots" on their lots. Every sold car pays off that portion of the loan and they just re-up with another vehicle. They never actually pay off the loan. They rely on paying off interest or making the minimum payments to avoid interest; which they get from sales (and markups and bs add-ons)
This sheds light on the Ford lot I drive by on my commute to work. The back lot behind the dealership is a Sea of nothing but WHITE Vans and various trucks in obvious work/fleet configurations. Some have utility beds, but most are the plain jane type vans and pickups. I'm aware Ford is claiming they are selling fleet vehicles like no tomorrow but are they really?
Hi Brandon. Do those famous 1990 words, "Federal Goverment Bail Out" ring a bell. They cost us 25B to save Chrysler and GM. Anyone want to quess who was president?
I don't feel sorry for either party. Stellantis products are crap and dealerships are crooked
Yep. The are BOTH full of it.
yep Fuckem !
I feel sorry for the customers who bought Stellantis vehicles.
I don't really care for neither.. It's ridiculous they think they can charge 50~100k for their SUVs and Trucks.
@luckylopez will tell you it’s the customers fault of course or claim the manufacturers are the problem. 🙄
They'll send them to the crusher before they let customers get a fair price. 😅
Sadly. CB
We all know what really happened. They were banking that the prices of cars would rise and they would be sitting on a gold mine but now prices are falling on cars
@ericdolby1622 what happened is the DEI marketing departments mistargeted the market to an exclusive luxery market that does not exist. IDIOTS. Fire all of them.
They srewed the pooch.
Screw themselves cost cost cost. Shit waiting on Chinese cars better for us
Holy christ they are so OVER priced!
2 unnecessary replies😠😡. CB
When you make over priced CRAP people eventually figure it out and REFUSE to buy. So dealers have not only been defrauding customers, but also the car manufacturers, and now everyone is HOSED. PERFECT!!! HAHAHAHAHA
AGREE. NO TEARS shed!
GREED AND LIES ARE THE NORM!!!
5.7 hemi engine disaster, premature failure costing thousands of dollars to repair there should’ve been a class action lawsuit against that company
@@mikevon7858 Its over no more crappy v8 anyways!
@user-zo6xg8bx4l Crooks blaming Crooks?
But with 20 thousand dollar mark-ups , the manufacture could say they caused the vehicles to not sell. The solution is direct to customer sales and end the dealership .
My man
More like 30-40k mark ups
What about service?
@@notsure9735*Authorized service.
@@notsure9735 independent service shops.
The old saying "there is no honor among thieves" is really true.
I live in Wilkes County NC. I went in to buy a new truck in 2022 and was told every truck I looked at was a fleet vehicle and it was sold. Randy Marion in Wilkesboro just spent millions on rebuilding a monster monster dealership. Yea now the markets crashing they want out haha. Karma
I tried to buy one from the new dealership, and they told me the trucks belong to a large corporation
Just tell 'em Jennifer sent you! LOLOL.
Not to mention that they own ford , Honda and all the other one that ore are on 77 in statesville
The fact that law exists to protect the dealerships just tells you everything about the rampant cronyism between dealers and politicians.
in NC that is completely true. last year their severely gerrymander state house and senate passed a bill the populace did not want 3 to 1 but the house and senate passed the special interests bill the gov. vetoed it they over rode his veto.
@@joeybleu66 vetoed the veto is some triple dog dare level bullshit
If you want to figure that out, look at what businesses are in your local Chamber of Commerce and school boards.
@@joeybleu66Roy also vetoed school choice. They all hate us.
For sure, it seems to me the only people who are buying overpriced cars are the dealers and foolish people.
Lived much of my life buying old rusted out junk and applying glue, bandaids and witchcraft to keep them operable. My newest vehicle is 2011 right now. Everything still works fine.
I'll be buying another newer used one...at some point...when the prices drop even more.
And there lots of them
@@georgemartin1436 I like working on vehicles and I am looking for a project car myself. I am not going to pay 10 to 12 grand for the garbage they are selling
Many of them in the US
I'm still driving a 2002 Ford E-150 & see no need to throw money away on something expensive while the old van works just fine.
Here's a CRAZY thought....OFFER 30k OFF.
Probably still to high 😂😂😂
Car salesman here, are you crazy! We need $20,000 profit per car. How else will my boss and my bosses boss afford their yachts.
That’s just the “market price adjustment” still needs to cut more…lol
$30k brand new. That's price on any new truck all day long. It only cost $14k to make one including labor, parts, and prep. They don't need to make a $40k profit on these trucks. Stellantis has done this to themselves, they are totally out of touch with their base consumer.
NOT enough off!!! Offer 50% and get the dealer to kiss your ass to seal the deal.
Do you see what greed does? What goes around, comes around my friends. Never ever forget that. God sees all.
God has nothing to do with this, but,,,, GOD is watching you.
Itw not your god its just how life is
Dummy
ebb and flow . i agree about the weather though florida and texas need to be schooled harder.
“ there is no honour amongst thieves”.
God here…. And I approve this message 😅
Stop building garbage that has to be gutted or sent to the junkyard rather than repair because it's so expensive
No sympathy for manufacturers. For decades, auto makers deceptively counted vehicles sold when they allocate units to dealers.
No sympathy for dealers. They are parasites that can be replaced by a website and nobody needs them in 21st century.
Manufacturers and dealers are both deceptive and defrauding the consumers. Both are complicit!
Bingo
It's amazing how Stellantis, with such a strong lineup of cars like the Challenger, Charger, Jeeps, and RAMs, could have simply focused on making good, reliable, long-lasting and reasonably priced vehicles, growing their fan base year after year - but no. Let's produce unreliable crap and charge like for a gold bar, just to please Wall Street. Wonder how that will go.. huh, Stellantis?
Shiny bling that falls apart, depreciates exceptionally fast, is over priced by like double, they made their bed, now have fun sleeping in it.
Yep. The "Look at me!" vehicles followed by the same person selling pencils from a tin cup.
Exactly
company builds garbage has for years as number 3 of the detroit big 3.
@@georgemartin1436 “tin cup pencils” …. was your first car a Model T ?
Yet, Ford claims that the F150 Lightning was the reason for their problems. Yet, the truth is that the vehicles were way overpriced and not being sold to consumers. I am not the smartest person on earth, I would think that people want to buy a vehicle that they can afford and not one that they can’t afford. I guess I am just too stupid.
That’s why Ford sold almost 800 thousand pickups last year lol.
Their truck sales took a hit and it hurt them. I was going to buy a new Ford but unless you go in asking for an F150 for a truck you're simply ignored or told to go away.
Their truck sales took a hit and it hurt them. I was going to buy a new Ford but unless you go in asking for an F150 for a truck you're simply ignored or told to go away.
They also had massive recall and warranty issues.
Funny how Chevy is having trouble keeping their highly affordable simple Chevy Bolts in stock it's almost like people are on budgets
the takeaway here is that both the dealer and OEM would rather risk $180m than offer a couple grand off in incentives to give you a cheaper product.
$180 million divided by 3800 vehicles is approx $47,370 per vehicle...wow!
And fleet vehicles have very little options for a normal daily driver.
So overpriced.
A Jeep salesman told me Stellantis kept pumping out product but didn’t provide rebates to balance out the market. Thus they have all this stock they can’t get rid of.
They did, but $1500 on a $48k Jeep Sport trim is nothing. They even had $4k on their lower level Grand Cherokee $80k. Ain't no one dumb enough to buy one.
@@cafenightster4548right? manufacturers are offering a level of rebates and "deals" as if their vehicles were still in the $30-$40K range but they're not!
Saw an article recently about how GM's special offer for the month on trucks is long-term financing (84 months) at 5.9% APR. That's it. That's the "deal" 😂😂
Why do they need rebates? All they have to do is remove the Additional Dealer Profit sticker and BOOOM!!! INSTANT "REBATES"
I'd like a new Wrangler but thinking about it breaking down in the middle of nowhere keeps me from buying this poor quality product.
@@dwighterickson6121 No. The actual MSRP on their products has been jacked up to crazy amounts. There is no room at all for a dealer to add anything extra.
I drive by that dealership about once a month. They just finished a major site expansion and renovation last year. They packed the lot shortly after the renovation. I always wondered how they could be selling so may vehicles when the rest of the market seemed to be struggling.
They ain't selling nothing, they probably hoped they were gonna keep selling at markups prices. Been to 2 jeep dealers and they both had 50+ jeeps on the lot.
They havnt sold any if those fleet vehicles. They have them stacked ob lots all around wilkesboro
Nice so they have all the payments to make on the buildings too, which were likely all built to brand standards/imaging and now they are exiting the brands. BRILLIANT. Trump-level business skills.
They were making tons of cash during Covid, expanded like crazy thinking the good times would last forever, but then the bottom fell out of the market.
It's like that where I live; every car lot is sitting on unsold inventory that's not moving
So, the way I see it, the dealer had a lot of customer orders and once they hit the dealerships lot, they added mark-ups and then the customers backed out of the deal and now the dealership was stuck with these ordered vehicles, so they shift the vehicles around to make it seem like they're sold and the manufacturer kept sending more vehicles and they just got themselves stuck with loads of vehicles they couldn't make sales, so they want out of the franchise!!
They should back out once they realize how utterly unreliable their vehicles are
While a LITTLE of what you said has some truth on a dealer by dealer basis (the ones caught doing that had their franchise taken, or their vehicles for the next X months sent elsewhere as punishment)
The pricing and the rated are the problem. When the Fed raises the rates, people stop(slow down) buying, and THATS their goal
Fair game one side changed so the other did to. Play on
Make them.Boomers theme parks again. Na na na na, good bye.
Getting out a big old bucket of popcorn for how this plays out because the consumer is winning no matter the outcome.
The consumer isn't winning yet, and since I've never in my life seen that happened, I'll believe it when I see it.
@@nathanahubbard1975 TRUMP 2024 AND IT WILL HAPPEN HE WILL END BIDENFLATION
This sounds like red lobster endless shrimp special in order to have the perfect excuse to file chapter 11 😂😂😂
As bad as Stellantis is-it seems to me that the dealer is at fault. If the dealership is implying that the trucks are sold to Stellantis when placing the orders--Stellantis should not be forced to purchase them back. If the dealership did order them for a client-they should have taken a non refundable deposit on them. If the dealership was doctoring up sales so that they could effectively just accumulate vehicles at a time where there was short supply so that they could over charge the public for them-Stellantis should not be on the hook.
The dealer's argument is that they did what Stellantis told them to do.
Should sue the lenders for allowing them to sell chargers/challengers to people with a 225 credit score. "Don't worry, we do in-house financing for 260 months at a 35% interest rate. We only need $150.00 down, and you'll drive it off the lot today. "
"oh no! who could have thought all these sub prime loans were a bad idea!?"
damn 260 months @35% interest holy fuq😢
This is one of those comments that sounds funny, but isn't.
Yea and I can’t get Toyota Camry without putting 5k down and a 680 credit and still pay a 650 car note. But these banana grippers with 400 credit score can get approved for these 50k plus monkey mobiles aka chargers/hellcats for 800 plus a month 1500 down crazy absurd.🤣🤣🤣
Why blame the lender, if the borrow agrees then the borrower seem to be the negligent party, no one forced the borrower to borrow at ridiculous rates….. I want less government red tape not more….
I noticed a "sea" of white trucks parked in a large fenced in area (in the middle of NOWHERE)
I was told it was Randy Marion's overflow lot.
I've seen them everywhere
@CQA Very good story. You had a bit of info that wasn't quite right. You were mistaken when you said "they uplifted some of the vehicles meaning big tires and wheel and lift kits were installed". The word on the document you misread is upfitted. Upfitting is taking a cab and chassis and putting a box , a flat bed, a dump bed, a rollback, an Ambulance etc. Its Vocation specific equipment installed to make the cab and chassis a complete vehicle.
You are correct, I have seen the inventory lift and photos of many of the trucks outfitted with flatbeds and utility beds.
Exactly.
It would be a shame if they got stuck with "substantially altered" vehicles due to Dealer-added accessories. Yep, a darn shame
Good point, I don't think that modified vehicles who be returnable.
@@jamesodell3064 God knows they etch every VIN in every catalytic converter as soon as they come off the trucks so they can charge $695. Sounds like modification to me. Oops.
I can't believe I'm about to defend Stellantis, but it seems like Randy Marion cooked the books and is left holding unsold inventory. May as well file chapter 11 and get out of this business completely.
i was thinking the same thing. its just one scumbag screwing over another scumbag.
You forgot Stellantis pressured them to move these vehicles to fleet or loaners so Stellantis could show them sold and pump up profit to protect stock value. Stellantis needs to lose this case.
I am not an expert but I am fairly sure bankruptcy does not save a person from prison if they committed a crime.
Chapter 11 is a reorg bankruptcy, that wouldn't be getting out of the business completely for what I assume is their only business as a dealership network. A chapter 7 and closing forever would be.
Randy Marion has A LOT of dealerships in the Carolina area - multiple manufacturers too. I wonder what happens with them…
It all boils down to the crooked dealerships , not just this one
And crooked manufacturers, dumping lots of trucks on dealers and threatning to cut their supply if they don't play along.
I'm just waiting for the 65 % off fire sale 😅😂
They'd sell to the junk yard before giving the customer a square deal.
The funny thing is that I would love to have one of these cargo vans, but they are just too expensive.
Just like they added $20000 in markups when the vehicles were selling, they can take $20000 of msrp now.
$40k would be more like it
We have a local Stellantis dealer (NW Arkansas) with the same exact story. Overflowing inventory of fleet vehicles and buyer backed out (supposedly). It must be an epidemic. All new dealerships are overflowing with vehicles now. I'll never forget "market adjustment". They can choke on them.
You are describing a Two Way Scam. Who should loose?
Spellcheck: lose
The customer somehow lol
"Lose".
Lol true true
Both of them.
Shit is wild they rather sell it back to stellantis than sell them to customers at MSRP 😂
But they NEED the $1200 cup holder protection plan!
Doubtful Stellantis products would sell at MSRP given their days supply.
These MSRPs are 25-30k OVER 2019 MSRPs. They are overpriced from the manufacturers. Thats why they are giving them back.
It is not only the price for the Rams . The fools never fixed the issue with the 5.7 revolving around oil supply issues causing valves and cams to fail.
It's fleet vehicles. This is the dealers fault. They bought way more than they knew they could ever sell in this market.
A dealership being deceptive?? What is the world coming to??
@louisdesignsandrides1215 Next thing you will tell me is that politicians lie!
I'm shocked, just SHOCKED............
What these dealers need to understand is most Americans CANNOT AFFORD to buy their products. It's not negotiable. They can't afford it. So one of 2 things needs to happen.
1. Prices stay the same & traffic fatalities skyrocket because no one can afford reliable vehicles to work. (We all share the same roads)
2. Prices come back down to Earth so we can continue to function as a species.
It's not rocket science.
And drop half of the expensive options
Roll windows Pauly
"traffic fatalities skyrocket" - citation needed
@@big0bad0brad If the majority of the population cannot afford new vehicles what is the logical outcome over time? They will continue to drive their older vehicles as long as possible. As a result the likelihood of said vehicles breaking down over time increases, therefore putting everyone on the road at risk. Doesn't matter if you have a Lambo if your neighbor next to you is driving a vehicle that is held together with duct tape & crashes into you. We all share the same roads.
@@lancebennington5327 What puts people on the road at risk is largely bad brakes. Those don't need a new car to fix. Now the government thinks that anything that causes the powertrain to fail while driving is enough for a safety recall but I would insist that it's much less likely that this kind of failure would cause deaths, for almost all of our roads. Injuries are more possible but when there's a shoulder on most highways, a dead engine isn't a dead person. YMMV but skyrocketing fatalities is bullshit.
@@lancebennington5327 Population control. This is the plan. Those with $ can buy the Hummer EV tanks and Cybertrucks that obliterate any peonmobile that encounters them.
It's the dealership's fault for lying; unless Stelantis asked them to mark those vehicles as sold.
Manufacturers definitely pressure dealers by threatening to take away allocations for vehicles that do sell and whatnot.
@@tHebUm18100% that happens.
I actually went to a Chevy dealer about a year ago while HD truck shopping. Sales manager was surprisingly honest and when I told him the configuration I was looking for, he was straight up like, "We can't get that for you. GM won't give us an allocation for something like that because our sales dropped post-COVID and never recovered. We had a ton of inventory and even a bunch of orders that owners backed out of so they took our allocations down by half and heavily restricted what we can order."
@@tHebUm18 did you not watch the part about the dealership using a company's fleet account number unknowingly to them to bulk up on inventory that was allocated for fleet vehicles, only to customize them to make them not look like fleet vehicles to sell them to the public?
That's hilarious! Stellantis doesn't even want that pile of junk... Hahahaha!
My thoughts: The car dealer took advantage of incentives by purchasing a large number of cars, but got into trouble because the cars were not sold. He is trying to avoid bankruptcy in this way and sees it as a last resort. It's understandable that the franchisor does not agree with this. And it's simply a business risk for the dealer. I'm interested to see how this progresses.
A ram rebel in feb in 2020 was 40k and same truck with no additional features is now 68k.
I’d heard the dealership claimed the fleet vehicles were sold as a way to corner the market when production was low. That way the dealership could names its price if the vehicles weren’t available anywhere else.
Yes, the 5.7 hemi disaster, causing dodge ram owners to lose thousands of dollars from premature engine failure, people decided they don’t want to buy that junk anymore
Lol?
What is the failure? My Hemi developed a top end tick at 20K miles which sucked but it didnt stop running.
Lol, this is one of long running engines, which passed through some modifications and installed into the full line-up cars till today.
I don’t know about that incident. I only know that dodge rams’ value is almost nothing when they’re at the age that they should have lots of life. Obviously made the be “throw aways”.
Won’t see them in high end sand buggies in desert dunes. LS kills the Hemi when it’s beaten with the abuse peddle. 😎
make them go broke, they have investors.... Make them fire sale everything at 50% off
Better to be 70-80% off and then I will consider financing one with the V 10 or the cummins diesel. Up here in Canada a new vehicle costs 40% higher than in the states.
I will give them 10 grand cash money for one.
Though you're still taking a risk, I'll match this offer!
@@georgemartin1436
I’ll match yours plus throw in a F150 Single Cab Work Truck.
@@vancecost 2006 rust free Buick Lacross!
@@georgemartin1436
1964 Corvair needs a new Radiator
1989 Ford Ranger
Why wouldn't a dealership want to dump it Jeep,Dodge, and Ram franchise with Stellantis closing factories and laying off people. Customers look at that as say "I'm not buying a product that will be gone tomorrow and will kill it's retail value".
There's a Dodge dealer near me , I don't see many fleet vehicles but the lot is jammed packed with Jeeps and Wagoneers and all kinds of vehicles plus used vehicles that never seem to move.
Ford Stealership GAUDIN FORD in las Vegas ordered 5 Transit vans under my company fleet number in 2022 made me wait 8 months and when the vehicles arrived they returned my $5000 deposit to me, I had the vin numbers for these vans.. later I found out from the fleet manager whom got fired that they sold those vans for $5k markup.
When I had run dmv on those vins he was right they sold them to other companies for markup.
Dealerships are crooked and I wish they never existed.
I think there should be a system that you should be able to take your vehicles to any independent shops to do warranty; buy vehicles directly from manufacturers and cut out the middle man…
If you cut out the middle man, the MFG just adds to the msrp themselves. It's funny how everyone things MFGs are altruistic angels looking out for the little guy...
Im just sitting here waiting for the ass to fall out of this thing so i can get a nice truck for nothing!!!! 😅😅😅
Stellantis, needs to offer a " Buy one get three free" sale !!!
Sorry my HOA has a limit on rusting ordainments I can put in the driveway
@PKDesigns2011 what about backyard rusting garden sheds ?? Lol !!
Sorry, if the law says that unSOLD cars need to be bought back by the manufacturer, none of those vehicles ordered through fleet sales as already having been sold qualify for the buyback.
Tough luck, eat cake.
t's one thing if they got stuck with 60 vans... it's another thing to have 3,800 vans/trucks/cars. The dealership was prob making payments on the inventory (off their floorplan). One would think that they would be cautious if they got stuck with a hundred or two vehicles... but 3,800 is clearly fraud. I'm sure the dealership got bonuses and incentives for "selling" so many vehicles.
80-110k trucks was crazy to begin with. Its no wonder their sales are low..... who can afford a second mortage for a new vehicle at those prices.
Just run a going out of business sale.. Let me know when to come buy a Rubicon for 10k, and i'll come take it off your hands.
Those unreliable pieces of garbage I would take if they were for free
The dealership lied and said these vehicles were sold. And now it wants to have it both ways by claiming they were not sold.
Been to 5 cdjr dealerships. Negotiated a specific 4xe trim. NONE of them are willing to discount any further. 1 unit sat 384 days and youngest was 69 days. The rest were all 100+ days just rotting away paying floor plans. Lots are maximum capacity but personnel are at minimum Im sure they laid off a bunch of ppl and those left are the A team boys/girls. These people are not living in reality and hoping for 1 sale a day from a Sucker signing everything the F&I manager sells them.
Dealership are selling loans, warranties, services etc... These guys are not selling cars anymore. Major reason they are okay holding on to inventory imo.
I was in the market for a new Ram pickup, this was summer of 2023. I had owned Dodge or Ram trucks all my life. I went to a local dodge dealer to look for my next truck. Ram was offering a 1500 pickup for $35,00. The only ones I could find was trucks that started at $70,000. I was told that Ram hasn’t released the truck for that $35,000 sale. Also I didn’t want a rotary transmission selector. I want the truck with a center consul shifter. I really wanted a consul automatic transmission shifter. So in October I bought a 2033 Toyota Tacoma SR. 2 wheel drive with a consul transmission shifter for $30,000. I’m never going back to Ram for a pickup. They lost me for a customer for life after owning Dodge or Ram for all my life.
How did you get a 2033? Did they finally get rid of AM radio?
CONSOLE. CB
The sad thing is they could knock 30k off each one of them and it would still be too much.
Great video man! I have a Jeep lease that expires in a few months and I can’t wait to get out of this Stellantis product… it’s total junk quality..been back and forth to dealership with issues, many which they are unable to fix correctly. Stellantis should sell let someone new fix this iconic brand and bring it back to being quality affordable vehicles!
Toyota and Subaru for me only.
Bad thing is that these fleet vehicles at Marion Dodge are 2022, 2023, & 2024 models snd every single one is brand new with around 50-60 miles on them. I live in the area and I’ll be happy to buy a 2022 or maybe 2023 but I’m only willing to pay 25% of sticker. It’s no different than what they would offer us on trade in if the boot was on the other foot
Therse Ram trucks are such poor quality I wouldnt pay much more than 20k for them.
I guess they thought the 115k wagoneers were going to sell like hot cakes.
If you're a dealer who faked sales to get more allocation you should be stuck with those vehicles.
If a fleet buyer backed out, that's on the dealer too. If I'm a dealer, I'm not ordering millions of $ worth of fleet trucks without a contract with the buyer.
Local dealer has a new '23 Ram 1500 hemi 4x4 std cab for $25k.
The dealer claims that Stellantis told them to do it.
Independently of who is wrong or right there is sill a boatload of trucks that will prevent Stellantis from selling any new trucks for a long time.
Which means big layoffs coming. Auburn Hills HQ gone. Etc
There's still a lot of Dodge Ram white fleet trucks parked on a rented lot near me...south of Kansas City. A lot of them parked at the neighboring Ford dealership.
Tbf this dealership fraudulently bought thousands of cars from the manufacturer by marking them as fleet vehicles (sold) when they were in fact unsold. Stellantis doesn't want dealers doing this. No manufacturer does. Saying they do is just a lie. Dealerships do this to play the allocation game, which is entirely on them.
Did I hear that correctly?? $180 million in fleet?? Insane!!!
I have NO LOVE for Stellantis because the CEO has basically ran them into the ground, but the dealer seems VERY deceptive and they should lose. With 3,800+ vehicles on their lots, theres NO WAY the dealer had that many pre sales that didnt sell.
Not one bit of mercy for them ! NONE!
Anyone who has suffered a typical legacy dealer purchase experience will have little sympathy for the dealer. Sitting alone in a cramped salesman’s office/cubicle while the salesman runs back and forth to the mysterious sales manager hiding in another office is a horrible experience.
You can literally ask to negotiate with the manager. Make them run back and forth twice. Then tell them if the manager doesn't show then you walk.
Then ACTUALLY WALK if they don't. And don't go back either. Write off ever going to that dealer again. If you want a specific car that they have, go to a different dealer and ask them to pluck it on dealer trade. Offer to pay a premium. Thats normal and reasonable since you're having them source a car unconventionally AND both dealers have to agree btw, so not guaranteed.
Here my view. If Stellantis would just force all their dealers to shut down and let consumers order their vehicles straight to either a delivery center near the consumers or straight to their homes with a freight fee. Easy peasy. I hate dealerships. Can you tell?
Tesla does this already.
all about warrany work, parts availability unless stellantis can provide what dealers cannot a no sale. all about reliability and affordability. they can get back to selling reliability.
What are you gonna do when one year the price goes from 40k to 85k? Oh and there's no negotiating down anymore. You can only order online and you can't talk to a person. You pay what they tell you is "fair" or you don't get a truck.
Then what?
You really think MFGs are altruistic angels who are "held back" by dealers? Who do you think created the structures that dealers have been playing towards, at the expense of the consumer?
@@randomuseramethey want to move product, in no world does cutting out a middleman raise prices, mfg has profit built in to both them and the dealer in the msrp, dealerships gouging hasnt benefitted the mfg at all, makers would be ecstatic to be getting the full msrp keeping the dealer profit also, the dealership system doesn't benefit anyone but the dealerships.
Good work Randy. You targeted this problem for a long time
Heres a crazy thought... Maybe trying to gouge customers and charge 30% over MSRP is YOUR fuckin problem, NOT the manufacturers that provide MSRP pricing.
But the msrps are high too. They could sell maybe a dozen more if the markup was on a 35k truck instead of a 65k truck.
Sad part I am a Ram customer had 3 different Ram Diesel pickups starting in 1996 currently have a 2017 will never buy another one! Done Finished Thanks Ram and EPA! Wish I had my 03 back or the 96!
I bought 2006 Caravan brand new.
Now has 65,000 miles.
Body rot & 3.3 bad water
pump.
65,000 miles/ most vehicles
are just broken in.
This one is just broken.😢 CB
If my GF ordered 20,000lbs of chicken, can she sue TYSON?
I'd never buy a Stellantis anything, so I have "no dog in the fight" but the dealers AND the corporation are both guilty of being stupid in my opinion.
Fleet vehicles cannot be sold to private individuals.... Fleet vehicles means you're buying multiple trucks.... They are the old style classics... Much cheaper and less equipment, for companies to use as real work trucks...
We purchased a vehicle online with Toyota. It was hassle free and we didn’t have to go in the dealership. We only had to go close on the deal, but there was absolutely no negotiation. It was the same price we saw online
In 1975, my parents bought a Pontiac Catalina with the standard 400 cubic inch V-8 (to pull a travel trailer). The very next year, that dealership (Marsh Pontiac in Colerain / Cincinnati) became "Toyota of Cincinnati". Dealerships can only sell big, unwanted vehicles for so long (or garbage like the Pontiac Astre, a rebadged VEGA) before they jump ship.
Again, BOTH the dealers AND Stellantis played this greed game and they are both liable. They BOTH refused to listen to their customers and instead tried to force products down our throats. Ford and Chevy have done the same thing. Now they are beginning to pay the price. The only way out of this is to finally begin producing enough of what the market is demanding and actually work WITH the public. Then slowly the situation will begin to correct itself. Now, I will add that enough people bought into bigger and more expensive was better and helped bring down the market in the long run as well. For those, they need to shift expectations. The entire market needs a reset to understand the tiers of their customers.
Domestics aren't going to survive this. Auburn Hills, Warren and Dearborn are going to have a ton of vacant office/R&D space to deal with. This is so much worse than what happened in the 70s with being out of touch with consumers and reality in a changing world. They bet their house on big, expensive, inefficient, high margin vehicles.
I got my Ram 2500 from a dealership who ordered for a construction company and then they didn't want it. Got a good deal for almost what I wanted. No tow mirrors.
Great info man, thanks!
They have probably 5 years' worth of inventory in trucks alone out in desert in California between all the auto manufacturers
Over the pandemic they rented out parking garages and even random lots with "blackout" fences and gates put up. All they needed was the dirt, no need to develop land if there was no covered storage available. Dealers did this and then "told" us there was low inventory and so the markups were necessary. It was never necessary. Even the chip shortage was a lie because at the same time there was no shortage in the computer-building world. The only reason there was a limit on certain parts was because people were using them to try and mine bitcoins.
In a case like this it may be that the one with the better lawyers and deeper pockets may win.
whomever knows the judge :D
@skinguru8531 Not just this case; that's almost always true......
Upfitting generally means large 3500 plus trucks. Have a bed placed on them. Or a wrecker bed ,dump bed, landscaping bed,ect .
Ohh nooo. The Stellantis execs have to give back a quarterly bonus???
😱
Edit: Now that you mention all of the dealerships that will follow suit, GOODNIGHT IRENE!!!
There has to be a better way to buy a vehicle than to have to purchase from a dealership. I would like to buy a newer vehicle, but the thought of doing business with a dealership makes me want to puke.
If i was the Judge in that case i would of tell the dealership , Too bad the cars are al yours , Beacause they ordering more Cars & Trucks , Its not Fair Chrysler sould not be ordered to buy them back
Reminds me of the movie 'Fargo', except the dealership has the VIN's.
Using a thick pencil to make the vin# illegible.
one of the issues that happened around here was when dealers "moved" these vehicles showing as "sold" in stellantis computers even though they technically were brand new.. the warranty clock had already started as they were improperly marked as sold vs unsold but used as demo vehicles, etc... so customers that bought one of those a year later mightve gotten a 7 ile on the clock "used car" with a shortened warranty.. something they figured fleets who rack up miles much quicker than the time frame wouldnt care??. I know there were only a few such cars at a dealer near me but no idea how many of them landed in consumers hands across the country from various dealers.. if stellantis "liked it" then it was short sighted to make stockholders happy.. stellantis knowing that union contracts were coming up in 22 and 23 shouldve wanted their numbers to look terrible s othey wouldnt bite it at the hands of a militant sean fain..stellantis and their dealers both Blew it the last few years... in this case it seems totally on the backs of marion that he told stellantis they were sold so they could get "sweet" allocations like hgih markup soecial challengers, chargers, and the like.. isnt there a massive penalty for a fleet-buyer that backs out? there has to be some kind of pain felt by a customer. that mass orders than says "nope".....
Ol'e Randy here could get rid of every truck on the lot in 1 week tops. MSRP less 60%. Take the hit, get out and ride into the sunset. The loss will be less than what this litigation is going to chew up.
Every vehicle was manufactured at a financial lost.
This is just one dealership. It will be interesting to see how it turns out. What about these mega dealers that have 15 to 20 dealerships was that kind of inventory and flooring cost it could bankrupt several mega dealers
Used ram market is cracking... been waiting 2 years for one properly priced just picked up a gently used 2020 ram 2500 tradesman hemi 4x4 in jersey still under powertrain warranty ... 26,500 out the door!
Same here brother. I'm a buyer for a new truck once they get their prices under control!
I've been looking for a Rebel gt for months. Right now, I can get a 23 w 3k miles for 53k, a brand new 24 for under 60, while the 25s are not selling and going for....75? It's insane. Gotta be patient and be willing to ship it
Have fun. Those engines are known for engine lifter failures. Big Monet to repair. Better make sure you dont ever go more than 5000 miles on an oil change. I tell people to do it every 4k or less. Ive been a tech for over 30 years. other than that solid truck . also change the trans fluid every 30k and you will be fine for a very long time. You dont its your Money and you will pay a lot
@@hostiledynamics agreed patience is key here ... all markets not just the car markets are going to be volatile as hell for the next few years . stretch your current car a bit, save a lil more for a down payment and get your credit right ... the deals are out there they just take a lil more work right now to find
I was looking dodge suv prices, I dont see any 0% APR offers, I dont see any mark attempt to get the customer to come to the dealership for a discount negotiated price. I dont see them bundling any offers or perks to entice the customer to take the plunge.... I mean have these companies forgot, how do business ?
Yes.
crazy that one dealership has enough capital to afford 180 million in trucks. didn't think one dealership were dealing in that much money.
3800 vehicles would just about fill the parking lot of what used to be known as a shopping mall. They must have them STACKED to the brim.
@@GOPRepubliklanaccording to comments from people who live near this dealership it's a combination of them doing a huge renovation that expanded their lot size and having tons of overflow lots that are now packed with unpurchased vehicles that are offsite but nearby.
Most likely not. Those millions are in assets (the value of the vehicles), not necessarily their own money. Most of those trucks are probably on floorplan; Which is a giga-loan that dealers get to "fill slots" on their lots. Every sold car pays off that portion of the loan and they just re-up with another vehicle. They never actually pay off the loan. They rely on paying off interest or making the minimum payments to avoid interest; which they get from sales (and markups and bs add-ons)
Buying a new car is the worst you can do. Its like buying real estate for big money and you know its worthless in a couple of years.
This sheds light on the Ford lot I drive by on my commute to work. The back lot behind the dealership is a Sea of nothing but WHITE Vans and various trucks in obvious work/fleet configurations. Some have utility beds, but most are the plain jane type vans and pickups. I'm aware Ford is claiming they are selling fleet vehicles like no tomorrow but are they really?
I miss the old reliable Econoline!
No. they are not.
Last quarter’s report was the fleet division was carrying the Big 3. Maybe it’s all smoke and mirrors!
@@kyledavis5474 B00KSAREC00KED
@@kyledavis5474 BooksAreCooked
Hi Brandon. Do those famous 1990 words, "Federal Goverment Bail Out" ring a bell. They cost us 25B to save Chrysler and GM. Anyone want to quess who was president?