The Car Market Is DOOMED!
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- Опубликовано: 1 июл 2023
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*I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. 
Авто/Мото
I used CarGuru to buy all of my Turo Cars out of state. It was cheaper to ship to me than buy local.
Thanks for sharing actual knowledge, unlike many other RUclips videos that are a complete waste of time. Please, keep putting out useful content like this. Appreciate it.
Don't buy a car at a stealership
Agreed!
Where should I go? A givership?😂
@@jeffreylindley845To them, it is ‘I will buy it from a person in another state because I know that rich person’
@@jeffreylindley845Just wait for the “hand-me-downship” . That’s how I got my car lol
Why the scary music 😂
We just sold a new red on red Z06 at Barret Jackson here in Vegas for 175k keep in mind the buyer pays a much bigger buy fee then at Manheim.
This lady is so gorgeous!! But anyway, like the housing market the car market went crazy, and won't correct. I have 2 cars on Turo, and thankfully i bought them at the right time in order to make a profit. I don't know when these prices are going down on housing, and vehicles, it seems like never.
This is the new normal
They out their minds!!! 😂😂😂
Lol insane!!!!
Bro if I had $200k instead of a car I put it towards a nice home. Car is a depreciation asset. I would prefer nice home vs an overpriced car.
Exactly! But also could be in comparison to how much money someone has but still!
A car can be an asset also depending on it's rarity and demand. Some cars go up in value. For instance I pre-ordered a c8 for 67k from a dealership that's guaranteed MSRP. but if I wanted I could sell it for over 80k.
Did you factor in the high Repo rates this year in your analysis? Plus, the new car inventory has increased by 74% from last year (Cox Automotive). This will definitely increase the used car inventory in the near future. Don't even get me started on Days of Supply. I believe this small increase in the used car market is because we're in summer mode. The used car prices will definitely crash considerably by December this year.
Let it crash faster than the Titan.
How do you measure demand for a Tesla on Turo in SoCal? At any given time, I see 30-50 available within a few miles from SNA. This seems oversaturated, and I don't want a car that does not rent...
All depends on what your offering in your specific listing and how many days it’s getting rented. All of this can be tracked before making any purchase. I usually go based off that plus taking into account what my goal is for revenue
@@saimahsexperience Thank you! I am stuck in analysis paralysis deciding which first car to host. Some say economy, others say luxury, some say ef it and buy something you like but cant afford!
The wholesale auctions are having huge issues with overpriced cars. As wholesale prices go down significantly with the increased interest rates and coming overstock issues a lot of used dealers will go out of business. Bank repos are heating up also as a lot of people are upside down in the vehicles they paid too much for.
Yeah it’s absolutely insane right now
@@saimahsexperience you’re SO right! The manufacturers don’t even make that much on each car …
Supply chain “shortage” . Just like the “milk shortage” of 2020 . 3/4 of the shelves were empty, the farmers were told to “dump their milk” (in the fields) . Machines build the “chips” ….
Just buy a used car from private party and sell it after a year ...basically a shirt term leemmmmmm lease
I purchased a Hyundai Sonata SEL in June 2022. Inexpensive, great gas mileage, highly dependable. Love it.
Music is so distracting
Dude dats alot 101 msrp . Not here in Tx
Great perspective. Will be interesting to see how much Teslas dropping 19% will impact other brands. Personally I’ve been watching other electric cars from Hyundai, Toyota and Ford become available under $50k now
I'm contemplating on getting a (AWD Jaguar Sedan or Range Rover Evoque) both about half a decade old with low miles. In great condition with 3.75 interest for 20K. I figured they'll stand out & rent well in Illinois... Any suggestions? Thanks in advance!!
They can have it.
I wouldn’t be looking at a high priced car.. I would get a house and a moderately priced car yet that all depends on the market for both and that home could or would be an investment avenue.
10000% agreed
So it just so happens that electric cars are more cheaper than gas cars huh. I think this is a push to convert everyone to Electric cars for the near future. Prices in new gas cars are not coming down period! This is a part of the plan for the car industry because those increased prices don't even remotely make any sense for the average consumer unless your rich. Thank you for sharing this vid.
Just real quick .. do used Tesla’s from the Tesla inventory qualify for the $7500 tax incentive?
Good Question!!
No they don't. Used car federal credit is for cars below 25k.
I know you’ve mentioned that scientists, in many instances use aflatoxin B1 (mold toxins) to induce cancers in laboratory animals. But I’ve been reading about the use of azoxymethane, a highly carcinogenic chemical that’s often used to induce colon cancer in lab mice. It doesn’t appear to be a mold toxin, I have yet to find the origins of this compound.
The article states that the mechanisms behind the cancer-causing properties of this chemical are due to glutathione depletion in the colon tissues, disrupting the barrier. It doesn’t specify what barrier exactly, I believe it’s referring to the microbiota barrier. I hypothesize that this results in chronic, uncontrolled inflammation, allowing pathogenic bacteria and fungus to inoculate intracellularly, resulting in a malignancy.
I read another article that stated that lab mice who were induced CRC via azoxymethane found that oral administration of kefir deceased the size and amounts of CRC tumors. It also decreased the
bacterial and fungal load in the microbiota of the colon .. furthering my hypothesis.
$4000 tax credit....income limitation to the buyer as well.
@@roniram Thanks for bringing me back here ... I apologize to everyone for leaving that completely irrelevant comment.
That’s what happens when you have too many tabs open 🤦♂️
What do they mean by income limitation? Low income?
The new Z06 sells at Barrett-Jackson for around 140k-160k depending on options. 195k+….. that dealer was trying to take her for a ride. Definitely hoping that because she is a women, she doesn’t know car prices. She should never deal with that dealer ever again!
Lol that's insane. Who pays that much?
So crazy right!!
Buy Real estate, not cars
🙌🏼
Geeez your on the wrong channel