The Bottom Is Falling Out In The Car Market!

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  • Опубликовано: 21 ноя 2024

Комментарии • 963

  • @elchaconaso
    @elchaconaso Месяц назад +253

    $540 a month plus insurance for a 2024 corolla le with a 740 credit score is ridiculous.ill pass.

    • @redhed9776
      @redhed9776 Месяц назад +10

      everyone's insurance is going up making a new purchase a decision worthy of MUCH thought. The vehicle itself is overpriced IMO.

    • @kognitiondesign
      @kognitiondesign Месяц назад +10

      I remember when a new honda was only $150 a month! Jeebus

    • @tim0877
      @tim0877 Месяц назад +8

      I'll just keep driving my 20-year-old Corolla

    • @Tricolor40004
      @Tricolor40004 Месяц назад +5

      I had some tell me with a 720+ credit score mines wasn’t that good. Got a quote for a 11% interest rate on a used car. I’ve never missed a single payment in history that’s bogus.

    • @fkoffytb
      @fkoffytb Месяц назад

      @@redhed9776 Insurance is not the problem 🤣

  • @natureboy1313
    @natureboy1313 Месяц назад +41

    My 2012 Camry with 146,000 has bern a great car. Had to replace the altenator @ 100,000 but that is it. It was $21,000 new. Gonna keep it another 10 yrs. They can keep this new junk.

    • @drjcw
      @drjcw Месяц назад

      Have the same model with the same mileage: love it.

    • @Whereismyname34
      @Whereismyname34 Месяц назад +2

      I have a 2012 with 252,000 miles. Going to drive it until the wheels fall off.

    • @billlawrence123
      @billlawrence123 Месяц назад

      My 2008 Manual transmission focus has had no major issues. It’s got another 10 years too. Back before turbo headaches arrived.

    • @RodneyDangerfeld
      @RodneyDangerfeld Месяц назад +1

      I have a 2001 Camry v6 with 175k. I replaced the timing belt, water pump, spark plugs, fuel filter, tranny fluid/filter, brake rotors and pads. New rear shocks. I did all the work besides timing belt and water pump. All regular maintenance and the car has never stranded me.

    • @nossjsjajsjs2957
      @nossjsjajsjs2957 Месяц назад

      Shoo try a 02 03 camry brand new cars evn at 300k basically. these old cars value finna rise so much theyre almost costing as much as the 2010s junk with 100k

  • @KA9DSL
    @KA9DSL Месяц назад +151

    Brandon, if you think really hard. The dealers started all this S*t with there market markups. You can screw some people but not all of the time. Blame the CEO's for letting it get out of control.

    • @jermo4099
      @jermo4099 Месяц назад +2

      They don’t care they treating cars like water

    • @jonsaircond8520
      @jonsaircond8520 Месяц назад +4

      Eh the lenders have just as much blame. Dealers asked leaders said why the heck not and the clown drove off the lot. All us sain people looking in shaking our heads

    • @TorqueKMA
      @TorqueKMA Месяц назад +6

      And if you think a little harder, it all started with the government handing out free money which covered the down payment of a new vehicle.

    • @pistolpete5325
      @pistolpete5325 Месяц назад

      If you really think hard, you’ll realize it’s basic economics….supply and demand. A bank won’t lend more than they think someone is able to reasonably afford to pay the loan back based on the terms. SMH all these people who think they know what they’re talking about. We are in a correction phase. It happens

    • @z135210
      @z135210 Месяц назад

      CEOs have nothing to do with dealership markups.

  • @robertawiese
    @robertawiese Месяц назад +48

    To the people who bought all the broncos with a $10’000 markup… enjoy your bronco😂😂😂

    • @bruceposch1449
      @bruceposch1449 Месяц назад

      that bronco painted like a bar code is so purty.

    • @RealEstateClub-
      @RealEstateClub- Месяц назад

      What if I paid a $15,000 markup, do I have your permission to enjoy it? 🤣 Just teasing you, I've never owned a Bronco. I got $5K off a Jeep during the pandemic. If I had waited until now, I could probably get $10K off for the right model. But that'd be 10K off an inflated price.

    • @dannylewandowski2822
      @dannylewandowski2822 Месяц назад

      And blown 2.7 engine lol

  • @dancahill9585
    @dancahill9585 Месяц назад +45

    You can only raise prices so much before customers rebel. At current prices, fixing your existing car is almost always the right call.

    • @davidkuhlman8004
      @davidkuhlman8004 18 дней назад

      I would add : You can only raise prices before the Banks stop lending money.

  • @xjp1998
    @xjp1998 Месяц назад +100

    The problem is still car prices are way to high, and a lot of cars are not worth it to buy do to all of the recalls. The car makers have lost sight of who their primary customers are and people are struggling. Many who have 10 or 12 year old cars are taking them to get fixed instead of looking at a new one.

    • @sugarskulllyfe5890
      @sugarskulllyfe5890 Месяц назад +9

      yes i told someone, cars went from extremely overpriced, to overpriced..... still unaffordable no good deals to feel proud of.

    • @olanderdecastro52
      @olanderdecastro52 Месяц назад

      After several years of this nonsense, we are still back to the same solution. Lower the cost sufficiently enough to sell those vehicles off. At this point, car, dealers and manufacturers are going to have a choice. The choice is going to be made for them.

    • @orbitalair2103
      @orbitalair2103 Месяц назад +1

      Aww plenty of rich people, the guy next door to me trades in his lease every 12 months, last one he had only 6 months.

    • @OGJeff685
      @OGJeff685 Месяц назад +2

      I've got a 22 ridgeline lease.. dealers have already confirmed there isn't even a CHANCE of leasing ANYTHING at the same price I'm currently paying.. (got it in 21, dealer gave me a smokin price to get my 19 accord from me) - if the market doesn't "crash" I'll just be buying it out.

    • @domini384
      @domini384 Месяц назад +1

      @@orbitalair2103Just because you have a lease doesn't mean you are rich

  • @steveb9525
    @steveb9525 Месяц назад +39

    My used Ram was $2500 with rebuilt motor and tranny, new brakes, tailights and headlights. New 6" x 9" oval Kenwood speakers for the front doors. Body and under carriage in good shape. Tires look pretty good. Just need to fix wipers and AC and blower. I am blessed to have wheels after not driving for a while. Funny how satisfied needs to motivate. When we lose something we took for granted, then our eyes are opened

    • @robertchristie9434
      @robertchristie9434 Месяц назад +2

      I hear you. There you go & parts are a lot cheaper than a $900 per month payment plus insanely high insurance. Stay safe on the road, a lot of cuckoos out there.

    • @plica06
      @plica06 Месяц назад +1

      "Funny how satisfied needs to motivate." What does that sentence mean?

  • @harryireland1935
    @harryireland1935 Месяц назад +123

    Good. Because greed needs to be punished until it's eradicated. The way these corporations, dealerships and stores behaved must not be forgotten.

    • @janvincent497
      @janvincent497 Месяц назад +4

      It's not greed when you make no money and go out of bussines. I could try sell my used truck for a million dollars. That wouldn't be "greedy"

    • @ericalb5295
      @ericalb5295 Месяц назад

      Greed and misguided priorities got then here.​@janvincent497

    • @Mistro07
      @Mistro07 Месяц назад +6

      “Greed needs to be punished”..tell me you don’t understand economics without telling me..blame all of this on the banks and the federal reserve..giving loans to people that should never have them and printing money in the trillions..

    • @rohitnijhawan5281
      @rohitnijhawan5281 Месяц назад +4

      have you seen the price of food, auto insurance, burgers? your dollar just ain't worth that much. don't blame the dealers my friend

    • @MichaelHendrie-e7t
      @MichaelHendrie-e7t Месяц назад +4

      @@Mistro07When good folks wake up and understand what the Fed is doing to us, we will become free.

  • @JA-zh5xi
    @JA-zh5xi Месяц назад +35

    Mavericks should be $20-$30k tops. Ford is insane.

    • @johnshaddick6858
      @johnshaddick6858 Месяц назад

      It's just not Ford, it is all manufactures.

    • @Gabe-kv2zs
      @Gabe-kv2zs Месяц назад +2

      They look ok, but are basically circa 2005 Kia quality. 🥴

    • @mi-da2920
      @mi-da2920 Месяц назад

      That was kind of the point of the Maverick. The Maverick was supposed to be a basic, affordable mini truck.

    • @TOMMYBMOORE-bc5vu
      @TOMMYBMOORE-bc5vu Месяц назад

      I owned a 1972 Maverick and it was a great car 🤔

    • @richardguyer3383
      @richardguyer3383 Месяц назад

      Maverick quality hasn't gotten better, was looking at a lariat but 1 big drawback as I live in the northeast, the area in front of the windshield and behind the hood has a cavity 12," deep. I'm not spending half a year digging out wet leaves and then ice and snow!!! It will plug the vent off if left in. What a moronic stupid design.

  • @vap0rland
    @vap0rland Месяц назад +30

    You should do a show about water damaged salvage vehicles.

    • @meglukes
      @meglukes Месяц назад +1

      Just in time for the end of Hurricane season 🌀

  • @woodlandwonders6887
    @woodlandwonders6887 Месяц назад +17

    I wish I still had my 99 Sonoma. 2 door, 2wd, 5 speed, 4 cylinder. It lasted 15 years & 350k miles until it rusted out. No frills but very reliable and inexpensive.

  • @markfaige9687
    @markfaige9687 Месяц назад +2

    I drive a 97 Oldsmobile and I love it, runs great.

  • @michaelquinlan2121
    @michaelquinlan2121 Месяц назад +32

    Federal regulations have made it impossible to profitably build sedans. By design. '15 Minute Cities' is not a joke.

    • @Ryan-093
      @Ryan-093 Месяц назад +6

      i love not needing to own a car to get around. btw, regulations are made by the corporations. they pay off politicians with "donations" who pass what they tell them to.

    • @fultonjackwaterloo4085
      @fultonjackwaterloo4085 19 дней назад

      That is bullshit. Americans are too stupid to want sedans

  • @dvuemedia
    @dvuemedia Месяц назад +18

    Prices have increased at least by 30% since 2019. Way above inflation. I think what happened is this: the car manufacturers saw how much the dealers were ripping off customers so they wanted on the action. They forgot that this was a temporary thing. I remember that Ford Maverick was supposed to be $20k truck, now its's $30k minimum.

  • @Richie-Rich855
    @Richie-Rich855 Месяц назад +6

    Was at my local Ford dealership yesterday.... 200+, 2024 F150s, not one with the 5.0 V8. Truck buyers, including ME, want the V8, not the tiny engines with twin turbos. They are at least advertising $10k to $15k off msrp.

  • @MX-CO
    @MX-CO Месяц назад +62

    They need to be way under MSRP and to be honest I still wouldn't buy, not even at $10,000 under MSRP

    • @mackelby1
      @mackelby1 Месяц назад +4

      Or 20000. Not a crisis yet.

    • @NrthrnKnght
      @NrthrnKnght Месяц назад +6

      I will never buy a 80,000 truck even if I hit a 350 million lotto....never...thats just throwing money down a rat hole

  • @sjay149
    @sjay149 Месяц назад +14

    Dealers are weathering out the lull in business.
    Manufacturers are raising MSRPs.
    I’m sure someone has the money to be in today’s car market, but I don’t think cars are more reliable than they were ten years ago.
    Now is when garages specializing in 20 year old Hondas and Toyotas will flourish.

  • @kjay5056
    @kjay5056 Месяц назад +10

    The problem now is car manufacturers (Ford) are now raising prices slightly, but taking content out that you have to option to get back on. Look at the 2025 F150's and you will see they took content out of the FX package and XLT 300 pkg and you get an up charge to get what you got included on 2024 models. Ford deserves everything they get. Trying to make up money on their EV debacle.

  • @Goldwinger74
    @Goldwinger74 Месяц назад +71

    I don’t think they get it, most consumers can only afford $35-40K when it comes to affordability and that’s stretching it to be honest. The entire auto industry is going to have to collapse to the ground before these prices are going to come down to where they’re supposed to be. They can slash these prices in half and people still won’t be able to afford them.

    • @blackdiamond306
      @blackdiamond306 Месяц назад +7

      I don't even think most customers can forward that they just buy it because there's no option.

    • @Almighty_cornholio
      @Almighty_cornholio Месяц назад +18

      I really wouldn’t want to spend more that $25,000 on a car

    • @blackdiamond306
      @blackdiamond306 Месяц назад +6

      @@Almighty_cornholio it would be smarter to purchase a 2-year-old vehicle the prices are inflated. 20,000 will fall off soon as you ride it off the lot. 🌄🦍☮️

    • @Almighty_cornholio
      @Almighty_cornholio Месяц назад

      @@blackdiamond306 at least at $25,000 I could get it paid off faster and enjoy it longer

    • @MauriceDeClerk
      @MauriceDeClerk Месяц назад +2

      @@blackdiamond306 You would buy used though, like from this guy's lot. Buying a car for 40k+ is too much considering our income has not increased yet.

  • @Ungovernable74
    @Ungovernable74 Месяц назад +50

    Remember the "prediction" by Klaus from the WEF about 80% of Americans won't own a car by 2030? This is one of the ways they aim to make that happen.

    • @CrockbackColumbo
      @CrockbackColumbo Месяц назад +3

      You will own nothing and be happy

    • @Ungovernable74
      @Ungovernable74 Месяц назад +2

      @@CrockbackColumbo I think they were kidding about the happy part.

    • @BartmanMi
      @BartmanMi Месяц назад +1

      Yawn. Conspiracy Central.

    • @Ungovernable74
      @Ungovernable74 Месяц назад +3

      Time for your booster. The adults that aren't graphine laden zombies are trying to have an adult conversation. Please move along.

    • @BartmanMi
      @BartmanMi Месяц назад

      ​@@Ungovernable74 🥱🥱 🥱

  • @trestafford2146
    @trestafford2146 Месяц назад +24

    The bottom of our economy will fall out cause the country is in the most credit card debt we’ve ever been in. These cars are gonna be half the price in about a year

    • @ksl6389
      @ksl6389 Месяц назад +3

      im not gona hold my breath

    • @crand20033
      @crand20033 Месяц назад +1

      Only the repo men are getting rich off these over-priced cars.

    • @criticalthinker7822
      @criticalthinker7822 4 дня назад

      Im rubbing my hands and licking my lips like the meme Lol

  • @Evilnessme
    @Evilnessme Месяц назад +244

    This is what happens when you fail to listen to your customers. You raise prices to a disgusting level. And you completely cut off the sedan models. And you wonder why nobody is buying? My God, this is so frustrating.

    • @billmoretz8718
      @billmoretz8718 Месяц назад +16

      When companies finally figure it out will buyers be loyal to any brand? Many vehicles have poorer quality and more bells and whistles than those 10 years.

    • @whetwilly1
      @whetwilly1 Месяц назад +15

      So…the inventory of “decent” used cars is dwindling and leaving buyers no other option than to look at new cars. When the buyer arrives at the lot they are only offered vehicles that are of middling quality and prices that are outrageous…car makers are well aware of the state of the car market. That is why they refuse to offer rebates or incentives. They have positioned themselves to take advantage of the situation. Cheaper alternative transportation options do exist, but they are prohibited from entering the country because of exorbitant tariffs and regulation.
      Prices will not come down in any meaningful way. Banks will be glad to finance your loan for 96 months and rake in that sweet interest. Insurance companies will also gladly take your full coverage insurance payments for the length of the loan.
      Car sales may be slowing but they are still moving. The consumer has accepted their fate and are shopping accordingly…the extremely poor are simply out of luck. As Marie Antoinette said: “Let them eat Uber…”

    • @E.S.86
      @E.S.86 Месяц назад +9

      Japanese cars will take more and more market share.

    • @joewagner7564
      @joewagner7564 Месяц назад +1

      So are the prices going to fall out of bed some time soon?

    • @whetwilly1
      @whetwilly1 Месяц назад

      @@joewagner7564 Doubtful. A few token incentives or loan promotions, but car makers know buyers have few other options for transportation…

  • @billyliu6811
    @billyliu6811 Месяц назад +24

    I hate Honda dealerships right now. I went to two and they asked for 33K FOR A CIVIC. While the corolla was 23K Out the door. There's something wrong with Honda's greed. This was 8 months ago*

    • @-DC-
      @-DC- Месяц назад

      Honda here in Europe is absolutely nowhere ludicrous pricing and less reliability than previously, They are a bit player at best here.

    • @MiteshDamania
      @MiteshDamania Месяц назад +1

      get the toyota

    • @allyjack8437
      @allyjack8437 Месяц назад +1

      Go with the Toyota..better transmissions...imo..don't like the cvt ,junk.

    • @agoogleuser7834
      @agoogleuser7834 Месяц назад

      @@allyjack8437go watch some of the videos in people’s nightmares with their Toyotas. Just saw a girl who purchased a 2024 Highlander and is already on her 2nd transmission. She is currently stranded on vacation in another state, and Toyota will not even give her a rental and is refusing to pay for the second transmission. According to peoples comments a ton of people are having issues. Even the Corollas

    • @speeddemon0712
      @speeddemon0712 Месяц назад

      I work in the service dept at a Honda dealership and we have Civics in the mid to upper 20's.

  • @markmccoy4579
    @markmccoy4579 Месяц назад +209

    If your car payment is more than your mortgage payment, ‘Houston we have a problem’

    • @jasonmurdoch9936
      @jasonmurdoch9936 Месяц назад +3

      Please we have more problems than we could even handle down here please take it to another city

    • @ylauj3523
      @ylauj3523 Месяц назад +2

      Cause people are now living in their cars

    • @johnshaddick6858
      @johnshaddick6858 Месяц назад +1

      Most of these new cars and trucks, you can put down a very good down payment on a house, that will probably go up in value, unlike cars and trucks. They will lose valuve, especially when you drive them off the lot. You lose about 20% right of the bat.

    • @wPTwixtor
      @wPTwixtor Месяц назад +3

      Are you comparing a 2024 Mortgage to a 2024 Car Payment or a 1998 Mortgage to a 2024 Car Payment?

    • @jeffreylinde4381
      @jeffreylinde4381 Месяц назад

      @@wPTwixtorsince far more people have a pre-Biden mortgage than 2024 car payments, what do you think?

  • @vahidvahidnia1643
    @vahidvahidnia1643 Месяц назад +20

    Every time is better than the last. You’re on a roll!

  • @rnarval
    @rnarval Месяц назад +10

    All I want is a car, don't need a lot of crap add-ons , I don't need or want, just a car to go from here to there. They can keep them, buy used and let them go broke!

    • @orbitalair2103
      @orbitalair2103 Месяц назад

      Crap "add-ons" are gov mandated 'features'. Remove those regulations, most are from the EU or CA, we are not the EU. theres absolutely no need for Auto Shut off.

    • @ouethojlkjn
      @ouethojlkjn Месяц назад

      You don't think auto manufacturers actually care about what you their hapless customer actually wants?!

  • @ScanFan_Ed
    @ScanFan_Ed Месяц назад +115

    I love the comment of “this thing celebrated a birthday on this lot!” 😂😂

    • @dannycalley7777
      @dannycalley7777 Месяц назад +3

      SFE ...........it was a 2023 ........25s out , it's in the terrible 2s .

    • @leos3003
      @leos3003 Месяц назад

      @@dannycalley7777 : + 2 years of interest, soon to be 3. That will soon be worth more then the car. Let it rot. The bank will take it soon and dump it for what it can get.

    • @JsliceQB1026
      @JsliceQB1026 Месяц назад

      It would be a different story if you were the owner of the dealership😂

  • @WTF-sh4is
    @WTF-sh4is Месяц назад +101

    Everything is so overpriced! The bottom still hasn’t fallen out since prices haven’t come down substantially. Inventory just keeps EXPLODING!!! Love watching the meltdown in the automotive market 🎉

    • @garymacmillan
      @garymacmillan Месяц назад +6

      We are going to start looking like Cuba if these manufacturers don't give up on the extraordinary greed of the last few years.

    • @LorddVader
      @LorddVader Месяц назад

      54k for a honda pilot. Who is that stupid to waste that money on a car. And for a honda lol.

    • @mackelby1
      @mackelby1 Месяц назад +1

      ​@@garymacmillanused car prices are going to go up. Parts are going to get expensive, if you can get them.

    • @garymacmillan
      @garymacmillan Месяц назад +2

      @@mackelby1 Absolutely. All in all a terrible situation.

    • @MindBodySoulOk
      @MindBodySoulOk Месяц назад +1

      I'm not paying over 25k for a new car

  • @lot2196
    @lot2196 Месяц назад +13

    The stock market just broke another record. The manufacturers believe they can survive catering to the top percentage of wage earners. Why build cheap vehicles that cost them millions in recalls and warranty repairs. Less vehicles at outrageous prices got them record profits. They will not go back. They will cut factories and dealerships as needed. Less employees = less cost.

    • @canamrider07
      @canamrider07 Месяц назад +2

      Stock market money is not buying cars, did you watch the video?

    • @OGJeff685
      @OGJeff685 Месяц назад

      @@canamrider07 They aren't buying FORD, Honda and Chevy.. that's for sure! Jeep Dodge still thinks they can charge lexus/benz/bmw prices for their junk..

    • @ralphholiman7401
      @ralphholiman7401 Месяц назад +1

      My wife and I have a lot of money in the stock market. We're not going to pull it out to buy an overpriced car or truck that will be worth 50 per cent less in five years.

    • @davidkuhlman8004
      @davidkuhlman8004 18 дней назад

      All it would take is One car company to seize the market on small cars/trucks . Door is open.

  • @j887276
    @j887276 Месяц назад +4

    Ford Maverick felt like a deal when it 1st came out with base model around 19k but I couldn't find a base anywhere. Which gave me time to realize just 10 years ago 19k could get you a new F150. Price gouging is nuts & at this rate I'll never buy new again. Not to mention insurance rates- even if I pay cash for it, insurance is easily a couple thousand a year. Meanwhile insurance on my 2009 is $96 a year.

  • @TheZeek011
    @TheZeek011 Месяц назад +11

    I'd like to trade up and buy a civic sedan. My honda Fit is paid off, but I just don't want car payments they're so annoying.

    • @MrCountrycuz
      @MrCountrycuz Месяц назад +3

      Keep the Fit
      Stay legit!

    • @drbcrb
      @drbcrb Месяц назад +1

      Keep making that car payment to yourself and before long you will be paying cash.

  • @martenvanharen2950
    @martenvanharen2950 Месяц назад +1

    thanks for your update bud, please keep us posted also after the tax month sales opportunity. stay safe and hope you will sell them all, change the buying contracts to the suplliers make them flexible also

  • @edg8535
    @edg8535 Месяц назад +7

    These dealers could drop the MSRP 50%, and I still would haggle with them.

  • @mattbauer1234
    @mattbauer1234 Месяц назад +1

    When I bought my Ford Maverick, it was an FX four lariat with tow package and everything besides the sunroof. That was $36,000.

  • @jgknudtson
    @jgknudtson Месяц назад +12

    You're a good well-articulated businessman - I'd buy a car from you!

  • @JohnWalsh2019
    @JohnWalsh2019 Месяц назад +3

    I called it, I said you wouldn't make as much this year and you confirmed it.

  • @tombob671
    @tombob671 Месяц назад +19

    Notice to all OEMs ... Go back to the basics build quality products that the customers want at a price they can afford. Service what you build. Drop the duplicity deal without deceit. Do this or fail, Joe Customer hates your sorry carcass as it stands now.

    • @stability703
      @stability703 Месяц назад +3

      Drop all the digitized bs and infinite sensors, we need cars we can work on ourselves… when you have to take most vehicles to a dealership to reset sensors on a replaced battery! Its gone too far

    • @joechughtai3155
      @joechughtai3155 Месяц назад

      Maybe they haven't figured out that there is this thing called the internet.... where we can share how they are screwing us, and we're not gonna take it anymore.

    • @AlahuSnackbar
      @AlahuSnackbar Месяц назад

      I would rather no screens in exchange for decent speakers. Ditch the dam paddle shifters. Basic rims. I don't need the buggy collision warning nonsense. I want zero prompts, warnings, lights or anything else.

  • @davidaponte7521
    @davidaponte7521 Месяц назад +2

    My family was desperate for a car, we had to buy. We decided to get a 2024 Nissan kicks because it had 8000 miles but still had the 36 thousand miles bumper to bumper guarantee plus a 100 thousand miles power train guarantee. Our monthly payment is below 400 dollars. I wanted a better car but so far the Nissan is doing well. With the Versa and Kicks Nissan made the right decision.

  • @brentbackman2911
    @brentbackman2911 Месяц назад +27

    This is one of the reasons why I chose to live in the Philippines. My house costs $115,000. My Suzuki Kei van was $3,700. My Isuzu Elf crew cab was $7,300. Both used and maintained well. So, for $126K all in, I am debt free and enjoying my retirement. Why kill myself?

    • @johnsanford3596
      @johnsanford3596 Месяц назад +9

      KEY POINT :: Retired. What are the wages in the Philippines? You're living on First World savings in a 3rd World economy.

    • @allyjack8437
      @allyjack8437 Месяц назад

      ​@@johnsanford3596last I checked the ave. Annual income was close to $4k a year. That was before covid, cost of living there has gone up but the working poor,if they can find a job make app.2k to 2.5k PHP a week...about $50 US. With 10k Php a week about $200...you are firmly upper middleclass in most places except the big cities. Hope this data helps. I send about $600 a month which feed an extended family if about 20 people and pays for one persons college tuition of about $90 per month.

    • @brentbackman2911
      @brentbackman2911 Месяц назад +4

      @@johnsanford3596 Key point: retired is a fixed amount of money. If I tried to "retire" in the west, I would most definitely be homeless. I can afford to retire here, not there. For all of what I have here, those idiots would only "allow" me to buy one truck. Good luck with the "happy" meals..........

    • @moonknight2865
      @moonknight2865 Месяц назад +1

      Yeah but you live in the Philippines. 😂😂😂😂
      I have a filipino girlfriend and know her filipino family. They love their country for what its worth but they also understand its a fucking hellhole right now. Thats why they live here in the US. Yes it is cheaper to retire but its not anywhere near the quality of life like it is to live in the US. These arguments never work because they inherently lose. All you’re doing is admitting its easier to live in a shit country than it is to live in a good one.

    • @bapakbob3897
      @bapakbob3897 Месяц назад

      Enjoy the third world free of US income tax payments! (as long as you don't run to the US Embassy/Consulate when the bottom drops out and chaos reigns: making demands to the US tax-payer-funded consulate officer "I am an AMERICAN, I demand you EVACUATE ME OUT OF HERE at USG taxpayer expense, NOW!") Lived overseas for 30 years, paid US income tax every year, evacuated twice, and viewed as a walking ATM machine by the locals.. God Bless America!

  • @brianwashere7966
    @brianwashere7966 Месяц назад +19

    I'll tell you what happened.... the effects of ldiotnomics has reached terminal velocity. People are broke.

  • @michaelcasella4774
    @michaelcasella4774 Месяц назад +7

    Everyone is tired of garbage that you can’t fix that cost as much as a Ferrari

  • @TheGippy30
    @TheGippy30 Месяц назад

    You’ve brought your own problems, by being so honest on RUclips, enabling your own customers to know how they can negotiate your prices down

  • @Aligntechngamer
    @Aligntechngamer Месяц назад +11

    its more than car market. The whole bubble is stretched to a breaking point. It either needs to deflate or its going to burst.

    • @ericelander9936
      @ericelander9936 Месяц назад +3

      It's going to burst

    • @Gabe-kv2zs
      @Gabe-kv2zs Месяц назад

      Boomer Monopoly money all around us (absurd fake ass 'home equity')....its absurd. The pyramid scheme is about to disintegrate.

  • @GB-bx9ls
    @GB-bx9ls Месяц назад +4

    I believe these dealerships are struggling to sell cars is the lack of negotiation they had on the cars price tag with dealership markups. I remember calling multiple dealers and they would laugh when I would say I only want to pay msrp. When we were looking for cars back then ( around Covid time ) and the prices were non negotiable and we had to pay for add ons as well we stopped being in the market and decided to never do business with those dealerships again. I’d rather drive hours away or even ship a car that was being sold with MSRP and good customer service.

  • @Honest_Joker_PH
    @Honest_Joker_PH Месяц назад +5

    Get rid of useless options like temperature controlled seats and steering wheel, adaptive cruise and windshield wipers, etc. It increases sale price
    AND maintenance.

    • @dvader3263
      @dvader3263 Месяц назад +1

      It may never rain where you live, but all vehicles in the last 100 years have had windshield wipers.

    • @stability703
      @stability703 Месяц назад +1

      Infinite sensors on everything too, you cant even replace a battery on most vehicles these days without having to go to a dealership to “reprogram” the new one!

    • @domini384
      @domini384 Месяц назад

      Most cars these are on higher trim levels or standard on luxery anyway....you dont have to get that

    • @nickwinn
      @nickwinn Месяц назад

      I would like to see less crumple zones, more steel, zero telematics, and no infotainment screens.

  • @WTF-sh4is
    @WTF-sh4is Месяц назад +48

    12:31 people have no more money……they burned through their cash long ago, maxed out all available debt sources, now they are just living on a prayer 🙏🏻

    • @1_800_iFarted
      @1_800_iFarted Месяц назад +1

      Take my hand, we'll make it, I swear...

    • @markg.1130
      @markg.1130 Месяц назад +1

      ​​@@1_800_iFartedWhoa oh, livin' on a prayer...

    • @YouSoundButtHurt
      @YouSoundButtHurt Месяц назад

      Maybe you’re broke but I have a lot of cash. I’m just not paying these inflated prices.

  • @rocinblues
    @rocinblues Месяц назад +14

    Consumers are maxed out. New car dealers are reaping their reward for all their addons, while refusing to negotiate, and manufactures raised MSRP's 20%, blue collar/union employee got SUPER GREEDY, and manufactures REFUSED to marshal their dealers. SO, the average (me) looks at this situation and say's "Oh well, you reap what you sow, I have no pity for dealers that go out of business, manufactures that go belly up, and white/blue collar employee that become unemployed.

  • @drewcilley121
    @drewcilley121 Месяц назад +21

    $37,000 for a two wheel drive maverick truck!! no thank you

    • @AlahuSnackbar
      @AlahuSnackbar Месяц назад +3

      but its a ManAGeR'S SpeCiAl!! 🤓

  • @eyerollthereforeiam1709
    @eyerollthereforeiam1709 Месяц назад +13

    @2:20 Wow, that reminds me of the 70's, which is NOT a compliment.

    • @robertprelewitz4511
      @robertprelewitz4511 Месяц назад

      Back in the 70's that was pretty popular. Cars had a lot of wood grain stickers to. Miss my 72 pinto station wagon WOODY😢.

    • @ericelander9936
      @ericelander9936 Месяц назад

      Totally reminds me of the seventies. Not a Ford guy but I'd consider it. Groovy!

    • @Akecherfd8424
      @Akecherfd8424 Месяц назад +1

      I thought WTF is that?;

  • @kclefthanded427
    @kclefthanded427 Месяц назад +5

    Give people what they want. Its not hard

  • @bartmormino907
    @bartmormino907 Месяц назад +5

    These car companies need to come back down to earth before I wouuld buy one. I will look for a nice 1965- 1971 anything before I buy a new car.

  • @BarefootCowboy
    @BarefootCowboy Месяц назад +12

    I dont care about MSRP. Its worth what Im willing to pay, nothing more

  • @matthewbrandley9027
    @matthewbrandley9027 Месяц назад +10

    In Bel Air , Maryland . Subaru. Chevy. Honda. Every maker of every major auto has full lots.

    • @AlahuSnackbar
      @AlahuSnackbar Месяц назад

      They've been holding on for years now lets see how much longer.

  • @briannielsen7176
    @briannielsen7176 Месяц назад +8

    Realistically the average person can only afford a car for 20k. The banks should have never loaned the rediclious amounts for a depreciating asset. I'll just keep driving my 2002 F250 that's paid for my 2010 Harley 1200 Sportster thats paid for my 2009 Toyota Corolla that's paid for and my 2009 ford mustang convertible that I owe 6k with payments under $200 per month. I just had a new engine rims tires a front wheel bearing and a new exhaust on the F250 and it runs dow the road really nice. The Corolla I threw new 80k tires on and the mustang I sent it to maco to have the body work done and then I had a guy put a new rag top on. With all these repairs I still only have a small payment and dependable automobiles.

    • @plica06
      @plica06 Месяц назад

      Why do you need so many cars?

    • @briannielsen7176
      @briannielsen7176 Месяц назад

      @@plica06 It has nothing to do with need. If I had 100 cars it shouldn't matter to you

    • @briannielsen7176
      @briannielsen7176 Месяц назад

      @@plica06 If we only based things on need everyone would live in a one room shack with maybe two pairs of clothes. You can live like this if you want and I'm sure there are many countries that you could go to and live in this way. Most of those countries have poor health conditions and the people there want to come to America where abundance is plentiful compared to America.

  • @CraigBlevins-bx9kh
    @CraigBlevins-bx9kh Месяц назад +2

    There is a lot of good things about this. End of rip off dealers and the end of greasy car salesmen are just two on the plus side!

  • @tertommy
    @tertommy Месяц назад +2

    The original MSRP for a 1974 Chevrolet Impala 4-door sedan was $4,135, that's $26,445.63 in 2024.

  • @TheGary1004
    @TheGary1004 Месяц назад +9

    Finished paying off my 2021 RAM 1500 last December and no way am I trading it in for another. Interest rates too high and prices too high. I’ll keep my truck until it falls to bits

  • @ecarfun
    @ecarfun Месяц назад +1

    I think the answer for whether to buy a lot of cars for tax season this year is behind you (lots of cars on the lot, less people buying). Maybe just look for the best deals this year, and use the inventory you have already to be slightly ready for tax season. (my uneducated opinion)

  • @savtelly3817
    @savtelly3817 Месяц назад +3

    The car dealers by me are overflowing cars and they’re displaying the used ones in front.

  • @joshvega4906
    @joshvega4906 Месяц назад +1

    I used to sell Toyotas in 2007. I remember some of the deals we had back then.
    5 speed corollas for 14k
    5 speed Camrys 18k
    Fully loaded tacomas for 30k
    Single cab tacomas were cheap 13k to 15k.
    Tundras I think range from 22k to 40k .

    • @AlahuSnackbar
      @AlahuSnackbar Месяц назад

      A camry is 30k+ now. An economy car. 🤦🏻‍♂🤦🏻‍♀🤦🏻‍♀🤦🏻‍♂🤦🏻‍♂

  • @NancyHill-v7n
    @NancyHill-v7n Месяц назад +10

    I watched this twice and it's still good!

  • @yourmanzach2307
    @yourmanzach2307 Месяц назад +2

    remember just 3 years ago the maverick was advertised as 19,995 starting?

  • @dougb3647
    @dougb3647 Месяц назад +4

    It’s not an ugly bronco, it’s easy to find in the parking lot!

  • @michaelgarrison1844
    @michaelgarrison1844 Месяц назад

    I took a part time job (for fun) driving auction cars. You are correct, dealers are paying very little for these cars. Lots of repos and trashed rigs too. I drove a 2014 F150 with 130K miles and it blackbooked for 13K but ultimately sold for $4250.

  • @frankgarcia8378
    @frankgarcia8378 Месяц назад +12

    Storm cars and high demand: watch out for salvage titles / flood damaged vehicles!

  • @i_brought_a_flower
    @i_brought_a_flower Месяц назад

    I just wanted to chime in and say I bought a 2024 bronco today. I love it no regrets at all. Great price and great car, just bought a house and I’m about to get a new job

  • @earlmarsh2285
    @earlmarsh2285 Месяц назад +14

    Wish I had my 5 speed 1987 Nissan hardbody back, It was a great truck

    • @jasonweishaupt1828
      @jasonweishaupt1828 Месяц назад +4

      Why did you get rid of it? I still have Grandpa’s 1983 Caprice and she still runs. I’m body working her over now.

    • @billycarr7446
      @billycarr7446 Месяц назад

      @@jasonweishaupt1828 Our neighbor had a new sky blue "72 Caprice convertible. What a land yacht! Some ciries will try and charge you property tax if you leabe it parked too long it is so huge. Today, driving it in the city would suck and parking anywhere besides the rear of the lot is not happening. It would be awesome for a road trip.

    • @MauriceDeClerk
      @MauriceDeClerk Месяц назад +3

      That was called the king cab in Canada. We literally drove the motor out on it after 16 years.

  • @jimsourbeer1958
    @jimsourbeer1958 Месяц назад +1

    Honda Greensburg Indiana there still making 1100 complete cars 5 to 6 days a week. Crv and civics.

  • @SUPREMELEADERSPUNCHBAWB
    @SUPREMELEADERSPUNCHBAWB Месяц назад +6

    It’s just unreasonable expensive. I’m looking to buy a new car once I graduate and start working full time, but the cheapest I can find is $25K and it’s the lowest trim. A decent used car is 20-25K, it’s ridiculous. Damned if you damned if you do/don’t in this market. Hopefully my current car lasts enough for me to pay a fair price in a few months.

    • @TheSonyExperience
      @TheSonyExperience Месяц назад +3

      There are plenty of good cars sub 10K might not be what you want. Not sure what you call decent. Most young people have an inflated idea of what they should buy

    • @domini384
      @domini384 Месяц назад

      @@TheSonyExperienceYup don't start out life with even more debt. You can find some great gems out there that may need a little work

    • @followme8238
      @followme8238 Месяц назад

      Buy a max 10k commuter. Dents and dings are fine and you’ll probably add a few of your own. Try not to let your ego tell you that you ‘need’ or ‘deserve’ a nice looking car. Commuter cars take abuse.
      And if a woman won’t date you because your of crappy 2015 Hyundai Elantra, you’re probably better off.
      Don’t try to ‘make a statement’ with your car like ‘I graduated’ or ‘I have a good job’.
      Save money where you can, invest and accumulate money for a rainy day, a layoff, a down payment on a house, and retirement.
      Congrats on graduating college, but you haven’t arrived yet - you have a long way to go.

  • @Greg_Chase
    @Greg_Chase Месяц назад +2

    The multistriped Bronco is cheap at $36k and could be painted over. Either that or donated to the Indy 500 for a pace car. It looks like pace car striping, sole objective is to get attention.

  • @kirkwagner461
    @kirkwagner461 Месяц назад +8

    Gee. What does the vaunted free market say should be done when there is a glut of inventory? I refuse to shed a tear for any business or industry that fails due to a failure to reduce prices in times of weak demand.

  • @goldblueberries326
    @goldblueberries326 Месяц назад +1

    I have my 2015 honda accord sport that I bought new for sell. No one is moving to buy it. I'm not asking a high price for it. This is a strong happening. It's a sign of the bad car market

  • @jamesweist8599
    @jamesweist8599 Месяц назад +11

    GREED CAUSED THIS !!!!!!!!!!!!!!!!!!!!!! GOOD , it makes me smile .

    • @mrbill8763
      @mrbill8763 Месяц назад

      Inflation and the globalists goal of getting gasoline cars off the road.

    • @nickwojtow6787
      @nickwojtow6787 Месяц назад +1

      Greed on BOTH the producer and consumer. None of the consumers were complaining when interest rates were near zero and money was cheap. We were all pigs feeding at the inflationary trough.

  • @mi-da2920
    @mi-da2920 Месяц назад

    I can confirm that earlier this year, car dealerships in my area (SoCal) looked like the dealership was going out of business how little inventory there was. Now, they look like they're overflowing.

  • @DeathByFishing
    @DeathByFishing Месяц назад +11

    You've been saying this same thing for a while. Sales may be down, but they aren't budging on prices. I don't see any collapse.

    • @JohnWalsh2019
      @JohnWalsh2019 Месяц назад

      Of course you don't you're either a gov't worker or stealership.

    • @jermo4099
      @jermo4099 Месяц назад +3

      They are losing money they trying to hold positioning

    • @gravemind6536
      @gravemind6536 Месяц назад

      Being stubborn doesn't mean it won't collapse the longer stock sits round the worse things will get and eventually that bubble will burst.

    • @rogerstarkey5390
      @rogerstarkey5390 Месяц назад +1

      2025 models coming... they MUST clear the old stock

  • @samc9007
    @samc9007 Месяц назад +1

    The Ford dealer near me a year ago.Had 0 Ford Broncos on the lot.I drove by today.They have the whole front row of the dealership with Ford Broncos.And bronco raptors

  • @markphillips9822
    @markphillips9822 Месяц назад +4

    After all the car manufacturers lay people off...then you'll get a good deal.

    • @JohnWalsh2019
      @JohnWalsh2019 Месяц назад +2

      It's coming soon. The economy is falling apart.

  • @richodges
    @richodges Месяц назад +1

    Jeep dealer near Altavista VA is gone. No cars on the lot. Small dealerships are the first to go.

  • @2460joel
    @2460joel Месяц назад +12

    Guess what, dealers have some of the blame, they could've turned down all those high priced junkers!

    • @johnshaddick6858
      @johnshaddick6858 Месяц назад

      No they can't . A lot of the time, they are forced to take these cars and trucks from the manufacturer. They are delivered, without any input from the dealership.

    • @Have.An.AmicoDay
      @Have.An.AmicoDay Месяц назад +1

      i sometimes drive for a used car dealer, bringing cars back from auctions... a couple of weeks ago a Jeep i was driving back, the frame literally snapped on the way back and the thing was all over the road... had to drive the rest of the way home at incredibly low speeds.

    • @domini384
      @domini384 Месяц назад

      @@johnshaddick6858Unless they're on some contract I don't see how the dealer is forced.

    • @johnshaddick6858
      @johnshaddick6858 Месяц назад

      @@Have.An.AmicoDay How the hell could you drive that jeep back ? If it had a broken frame, it would be illegal and extremely dangerous to drive. I would have just lefgt it on the side of the road and called the dealership.

    • @Have.An.AmicoDay
      @Have.An.AmicoDay Месяц назад +1

      @@johnshaddick6858 i was about 150 miles into a 400 mile drive and then all of the sudden the thing veered into the other lane.. wall to wall traffic of course.. i caught it fast enough not to hit anybody, but then at random intervals it would just weave all by itself... i slowed down from highway speeds to about 50mph and it stopped doing it... about 300 miles into the trip, i was getting gas and I casually looked underneath it (at this point I thought it was a steering rack problem or something like that)... i was able to peel a chunk off the frame with my bare hands with pretty much no effort at all... i didn't want to be stuck so I continued driving it cautiously... i did make it but it was late at night when I got back (because i was driving so slowly). The next day, the jeep was on the lot washed and already for sale... i told them NO no no... i went over to the jeep, again peeled another piece of the frame off it with my bare hands and showed them... auction cars, they arn't the best. *(I've only driven a couple cars for them, so it not like I really work at the dealership, its more of a favor)

  • @jdub1139
    @jdub1139 Месяц назад +1

    Maybe consider going east to Wilmington to purchase your cars, or down to Columbia, South Carolina in order to keep your prices down?

  • @marcrichard7251
    @marcrichard7251 Месяц назад +5

    Well, I hope that things turn around for you. I want you to succeed in business. I know that you have a lot of responsibility like you said you have families as well that depend on you so may God be with you I enjoy your channel. Keep doing the good work that you do.

  • @sunrise.security
    @sunrise.security Месяц назад

    I am the owner of a private security company in California. I work for car dealerships. Yes, before the lots had plenty of empty spots. Now, the car dealerships look like Costco parking lots with so many cars in the front lots. Our clients have supplemental business like car washes, but that can only provide a finite amount. The car dealerships are usually the largest contributor to taxes for cities, but I don’t think that will be the case any for the foreseeable future.

  • @RalphEchtinaw
    @RalphEchtinaw Месяц назад +8

    You're right about that Bronco paint job. It's hideous!

  • @clintro
    @clintro 27 дней назад

    I hope you did ok with the storm. We where in Waynesville last weekend. Some areas where bad.

  • @m-ok-6379
    @m-ok-6379 Месяц назад +5

    If people had disposable income those Broncos would be flying out the lot in a matter of weeks.

    • @BrianMeegan-k3e
      @BrianMeegan-k3e Месяц назад +4

      Some of us have the income and savings, but still choose to buy used cars under $10,000. Put your money in appreciating assets, not depreciating assets.

  • @anthropologo3496
    @anthropologo3496 Месяц назад +1

    1995 toyota tercel - just got it for $1000 - 4 speed, cold A/C, good tires, straight but ugly body...many colors of red paint...bought this for around town car instead of a used bolt or such....just gotta be open minded about transportation...

  • @3xfelix
    @3xfelix Месяц назад +11

    These dealers should keep these cars as they will become valuable antiques 50 years from now

  • @jeffreylinde4381
    @jeffreylinde4381 Месяц назад +1

    Car companies problem is the extras that they throw into cars that people can do without is the problem.

  • @charliemiller3884
    @charliemiller3884 Месяц назад +9

    Two years ago, I almost bought a Broncho. It was stickered at $32K. I didn't buy it as I thought it was over priced :(

  • @frankm2145
    @frankm2145 Месяц назад +1

    Lots a recalls on there hrv, bad fuel pumps , dash is all one circuit they burnout you have to replace the whole thing.

  • @Hojjiifp
    @Hojjiifp Месяц назад +4

    Dealership wants too much....no sale

  • @ChrisWoldrich-yx4rt
    @ChrisWoldrich-yx4rt Месяц назад +1

    Great report on unsold,over priced dealer stock.

  • @bladengutz2042
    @bladengutz2042 Месяц назад +3

    The auto makers have priced themselves out of people’s reach

  • @DariusMcDonis
    @DariusMcDonis Месяц назад

    When in doubt, stay out. Keep the inventory you have. If the demand shows up, get more.

  • @edwardwd3zk
    @edwardwd3zk Месяц назад +9

    Yes sir I’m a serious buyer and I want to trade in my $180k house which is paid for . I have the deed to sign over to you for that 2024 ford 150 limited ..
    Salesman: sure , but where will you sleep ? . Me : in the truck 😂😂😂

  • @MrJenten10
    @MrJenten10 Месяц назад +1

    I have 4 dealerships in my town you cannot fit one more vehicle on any of those lots not one

  • @TH3D4RKKNIGHT
    @TH3D4RKKNIGHT Месяц назад +47

    That Groovy Bronco is a "Throw Back" to the 70's "Shaggin' Wagon".

    • @mic-drop-74
      @mic-drop-74 Месяц назад +4

      Reminds me of the Pontiac sunbird, had a paint job like that

    • @TH3D4RKKNIGHT
      @TH3D4RKKNIGHT Месяц назад +4

      @@mic-drop-74 yup. I've seen it on one before. The custom vans were more common.

    • @jasonweishaupt1828
      @jasonweishaupt1828 Месяц назад +1

      What were you all shag’n? 😊

    • @melissaw1611
      @melissaw1611 Месяц назад +5

      😂😂😂😂😂 Gross

    • @beccawecka3573
      @beccawecka3573 Месяц назад +4

      I like that freewheeling package reminds me of the 70s and early 80s maybe you just have to be old enough to remember when that was in style

  • @mdingess
    @mdingess Месяц назад +1

    I just went to but a new 2024 Nissan frontier and because I wanted the S trim king cab I was told I don't get any special APR that its just for the top trim lines. This was not the dealer doing it this was Nissan. shows there is 0.9% APR on frontiers for 60mo but don't show that its just for top trim 4 door ones. so I walked out. will not say were I was but even the sell manager said he is sick of this. he said it use to be if there is a sale or special it was for all trims. He didn't even know it was for top trims until he put me in for the 0.9% APR and came back unable for that trim.

    • @nickwinn
      @nickwinn Месяц назад

      Complain to the ftc

  • @brokeboy87
    @brokeboy87 Месяц назад +7

    I feel bad for the auto workers that are destined to lose their jobs because of corporate choices.

    • @drjcw
      @drjcw Месяц назад +3

      Maybe cut their pay 30% and car sales would go up and the union folks could keep their jobs.

    • @Gabe-kv2zs
      @Gabe-kv2zs Месяц назад +1

      Agreed. Unions demanding $90k pay for blue collar labor? 😂 GTFOH

    • @nickwojtow6787
      @nickwojtow6787 Месяц назад

      @@Gabe-kv2zs
      Dont disagree but I guess you think every white collar worker deserves $120k pushing paper, answering emails, and managing people? lol you’ve obviously never worked in a corporate environment. There is way more white collar labor fluff and overpaid white collar workers than blue collar. Look at government jobs dude!!! The epitome of overpaid labor. A lot of blue collar labor keeps the lights on in this country no matter how repetitive, or easy people think it is.

    • @Bo-zg3lz
      @Bo-zg3lz Месяц назад +1

      @@Gabe-kv2zsHave you ever worked on an auto assembly line? It very hard work, get over yourself!

    • @nickwinn
      @nickwinn Месяц назад

      That's what happens when you work for bad people. Do you feel bad for drug dealers who go to jail when their drug lord goes out of business?

  • @markmywords9372
    @markmywords9372 Месяц назад +1

    Of course, the lot is full it's the next model year.