It's wild! I was so criticized by my peers for giving up a job as a pre-owned manager at an Audi Dealer to go open a $0 Fee Used car lot focusing on late model 20% under msrp and subprime inventory.. I'm already loving my decision but every day it is making more sense. Great content as always!
I'm 76 and growing up in the 1950's my Dad had a Packard which was a Major Brand and made what seemed to be really good cars. I also remember other Majors like Studebaker, Nash Rambler, Hudson and DeSoto that relatives had. These were big well established Brands, but all are long gone and Chrysler just barely survived. I agree with Ray, there's no guarantee any Automaker, no matter how popular will always be around, we watched some of them fail, and go away in real time.
The most interesting scenario concerning the Subaru dealership is that everyone watching the news realizes that a customer was scammed and became so angry he retaliated. In other words, don't purchase a car from that Subaru dealership.
Many, many automakers, too numerous to count over the decades. Some were terrific. Duesenburg, Cord, Auburn, Studebaker, Packard, Desoto. Some terrible too. Saturn, DeLorean are examples. Some recently too like Olds mobile, Pontiac, AMC (I think Chrysler owned it at the end and named it Eagle).
Igor is correct, these major auto manufacturers will never go out of business. One might be absorbed by another, but you will never see them go out of business. People do not understand the ripple effect if VW, Nissan, etc. were to go bankrupt. As we have seen when GM and DaimlerChrysler declared bankruptcy in 08', Governments will never allow that to happen as millions of people are employed in the industry. You would collapse the economy if a major auto manufacturer would go bankrupt and had no action to save them.
Daimler Chrysler didn't declare bankruptcy. By the time the Chrysler declared bankruptcy at the end of 2008 Daimler had already spun off the company and made off with the revenue of the company which was the reason why Chrysler had to file bankruptcy in the first place. They had no revenue because dimler stole it all.
Secondly, Nissan is already in a merger with Renault. That merger what happened in 1999. Now there were no Nissan merger also included another partner Mitsubishi motors in 2008 in 2008 so therefore it would be unlikely that Nissan would get acquired by anybody when they're already in a partnership right now.
Thirdly, there is no market for the brand called fiat. And a minimal market for the brand called Alfa romeo. If you actually do your research you will find in 2004 Fiat was bankrupt. And the Italian government tried to force General motors to acquire Fiat. Rick Wagner who was the CEO of General motors at the time told the Italian government if you make me by Fiat I will shut it down permanently for good could put goodbye! But somehow the Italian government bailed out Fiat in 2005 brought in Sergio marchione and he was a cost cutter but not actually an innovator so in 2008 it appeared that Fiat was a healthier company than Chrysler was which was never the case. So then Barack Obama still tells Chrysler that their business model is not profitable even though if you just take two cars out of their lineup the ram pickup truck and the Caravan minivan that would generate about 4 billion dollars in revenue for the company..
@@GalaxieMarauder I was a Contract Engineer from 1995-2008 when I was laid off from their Jeep and Truck Engineering facility in Detroit. Your analysis of why they went into Chapter 11 is completely inaccurate. A global recession, declining sales, and high gasoline prices lead to chapter 11 bankruptcy proceedings.
@RichE-p3v I didnt offer sn analysis into WHY they went bankrupt. I corrected your statement that "Diamler Chrysler filed bankruptcy". By December 2008 there was no Diamler as they had spun Chrysler off from them earlier in the year. And when they split they didnt do an 50/50 amicable dissolution. They took ALL the cash reserves and operating revenue. These are irrefutable facts. Then the company was purchased by Cerebrus Group, a pool of hedge fund idiots who didnt know how cash intensive car makers are. Then Cerebrus Group spun Chrysler off in a shallow attempt to merge with GM. But that failed because of internal issues with the UAW. GM filed bankruptcy to get out of his onerous pension/health care obligations to retirees. Chrysler filed bankruptcy for the same reason PLUS large of operating cash for new models. THIS is why the Dodge Charger, Challenger and Chrysler 300 is based on a 1999 era Mercedes E420 sedan. The true marvel is how Chrysler Stylists and Engineers were able to make a BETTER CAR than what Mercedes did. Which was ALWAYS the reason why Mercedes shortchanged the Chrysler half of the company. They could build a better product with less effort. A global recession was due to housing market fraud, fuel prices werent high in 2008, and sales were declining because banks refused to lend to anyone without absolutely perfect credit or a cash downpayment. GMAC and Chrysler Financial and Ford Motor Credit and Toyota Motor Credit and all the rest couldnt sell their car loans for cash unless the buyer had a perfect credit rating. I shall continue...
A friend's son passed away. Two Jeeps, a 2017 Wrangler, and a 2018 Rubicon went to auction for donation. The Jeeps looked great, but would hardly run because of engine problems. Expensive cars, when new, that were low mileage, and yet they would hardly run. So, who cares if Jeeps fails?
RAM will be fine. They just announced yesterday that Tim Kuniskis (former Dodge CEO who retired months ago), is coming back to lead RAM with the departure of Stellantis CEO, Carlos Tavares. Tim is the one who gave us the Hellcat and Demon. Now that they have run off the "green" Stellantis CEO, RAM is going to bring back the HEMI in the RAM 1500 and even Dodge is working on bringing back the V8 to their lineup in the new Charger.
People want new vehicles, but what happens when Vehicle Manufacturers lower MSRP next year by 20%. Loan Institutions might request 20% of the loan paid up, because your upside down by so much money. If you don't get gap insurance and total your vehicle will get 50% of the value. I knew someone who leased a vehicle that didn't have gap insurance. They died and the cosigner was responsible for what the insurance company didn't pay off on the vehicle. My suggestion is when buying a vehicle, get gap insurance is an absolute thing. GAP pays the full amount owed to the Loan Institution.
Think of Nash, Packard, Pontiac, Oldsmobile, Studebaker, Hudson, Mercury, Kaiser…all gone during my lifetime. Many more before that if you go back to the very early days like Pierce Arrow and Hupmobile. I hope the companies now in the car business avoid the same fate.
Ray is a meeting. First of all AMC never went out of business American motors was purchased by Chrysler in 1987. That's not going out of business the company was acquired by a larger competitor and then it began operating under the larger competitor's name Nissan is already in a relationship with Renault that happened in 1999. Mitsubishi also joined the Renault Nissan merger in 2008
some of these were inevitable to be discontinued at some point due to falling sales reliability issues etc. Chrysler basically only makes 1 Vehicle at the moment the Pacifica minivan granted the most popular iteration of that was the Dodge Caravan/Grand Caravan which sold 3.64 million units in the US in 37 model years from 1984-2020 though there are sedans that have sold more than that by nearly 4x in the same period of time like the Toyota Camry Porsche 911 sells about 15,000 units in the US annually while a Hyundai Sonata for example sells between 35,000 and 70,000 per year in the US languishing in the bottom of the top 15 cars in its class where as even things like the Dodge Charger outsold it in 2023 by more than 35,000 units
Don't blame chrysler. Chrysler sells one vehicle because they only offer one vehicle. If they offered more than one vehicle. This is an example of mismanagement by Fiat and stellantis because they have no idea how to market cars to Americans or they're expecting to replace Chrysler and Dodge with their own cars which Americans have decided they do not like. Peugeot, fiat, Citroen were already in the United States Marketplace in the past and fail
Also the number of units that you sell doesn't really matter. What's important is that you can make profit on what you're selling. Chrysler already determined this way back in the days of the 1991 to 1993 Imperial they determine d is that the only needed to sell 20,000 units of the 1991 Imperial for that car to be profitable. Every car does not need to be as popular as the Toyota Camry do you have a place in the market. The Camry is a very profitable car for Toyota but it is one of the field of competitors timer the Hyundai Sonata the Dodge Charger in Chrysler 300 may not sell as many units as a Toyota Camry but they are still profitable which warrants their production
Good shows, thanks. There are 2 brand new dealerships about to open in Albany, Oregon. A Subaru and a Hyundai . I guess everything is ok here? How can that be?
Yep, & they should have kept Olds as the middle-ground for sensible buyers looking for a sensible, yet stylish vehicle that was a step or two beyond the 'pedestrian' Chevy offerings!!!
Well if Nissan would just put the gtr powertrain in a brand New Maxima chassis . They can take my money 💰. Instead they literally are making the maxima a EV 😂. Nissan literally made there entire buisness on the back of the 4DSC aka the Nissan maxima before they shoved a cvt transmission in it. The ones with the cvts are trash
Imagine, GM sits on Opel platforms, Holden and Daewoo, during the 2nd bail out by China, they made GM sell Daewoo Korea, Holden Australia, Opel Germany. Opel was picked up by Stellantis. Then the Charger and Challenger sit on Mercedes Benz. The Grand Cherokee last gen sat on the Mercedes ML and now the Alfa Romeo Stelvio. All the small jeeps sit on Fiat and the little Dodge Hornet the Alpha Romeo toe nail, junk box. Caddy’s sit on the same platforms as either the Holden Camaro, or Opel. They run little 3.6L 290hp engines. GM trucks use a 4 cylinder turbo as the base engine, their 5.3V8 and 6.2 V8 used cylinder deactivation and they are not reliable. Ford was sitting on Volvos, Mazdas but had to sell Mazda back to Maxda and China Geely bought Volvo and Jaguar Range Rover was sold to India Taa Taa Motors. When they make vehicles I picture them taking parts from every manufacturer and placing them in a bag, do the shake the bag and out comes the mix of made to fail. I had the Oldsmobile 2 door coupe with FE suspension, the Pontiac Lemans with the 350V8, Pontiac with the 400V8, I mean these seats were like 40,000 dollar couches and were so comfortable. The only way to tell one vehicle apart is by the giant grills. It is a competition of the grills today and Lexus, Hyundai are massive, the Tundra grill could cool a cow on it.
VW should have listened to Herbert Diess instead of firing him. They were worried about short term job loss, now they have bankruptcy on the horizon. When you put employees ahead of customers, bad times follow.
2:40 - West Philadelphia born and raised On the playground was where I spent most of my days Chillin' out, maxin', relaxin', all cool And started sellin' cars after I graduated high school When a couple of guys who were up to no good Started making trouble in my neighborhood I got in one little fight and my mom got scared She said, "I want Yaa to start Car Edge with your future heir" … I begged and pleaded with her day after day But she packed my suitcase and sent me on my way She gave me a kiss and then she gave me my ticket I put my Walkman on and said, "I might as well kick it" … First class, yo this is bad Drinking orange juice out of a champagne glass Is this what the people of Vent-nair living like? Hmm, this might be alright … But wait, I hear they're prissy, bourgeois, all that Is this the type of place that they just send this cool cat? I don't think so I'll see when I get there I hope they're prepared for the prince of Vent-nair … Well, the plane landed and when I came out There was a dude who looked like a cop standing there with my name out I ain't trying to get arrested yet, I just got here I sprang with the quickness like lightning, disappeared … I whistled for a cab and when it came near The license plate said, "Fresh" and it had dice in the mirror If anything I could say that this cab was rare But I thought "Nah, forget it, yo, holmes to Vent-nair" … I pulled up to the house about seven or eight And I yelled to the cabbie, "Yo holmes, smell ya later" I looked at my kingdom I was finally there To run a RUclips channel with Zach so be prepared
@@joelmora2826 so i traded my 2017 BLACK V6 Manual} mustang [bought it used with 14K mi on it in 2019 for $16K cash] they gave me $20K with 33K mi on it; OTD was $40K [$20K cash included taxes and fees.} Sticker was $55.9 plus $2K Mark-up;36.7 was the price of the Gladiator.
Seems like consumers are taking matters into their own hands. A very disturbing trend. That horrible situation is NYC and a lunatic in Utah. Wow a car purchase gonna probably put this guy in long term incarceration
Could it be that Volkswagen has high incentives because the 2025 models have been updated and they want to move the 2024s; of course. VW isn't going out of business.
Mechanical issues and still decided to sell it. It's on them because of the negative publicity of you selling a piece of junk to a dude that didn't have any money. They shouldn't have sold that car they could have made more money pardon that car out or wholesaling into somebody who could fix it at a buy here pay here place. But I wouldn't have sold that car to know economically depressed customer
I think some fresh air is needed here. The US & Euro car makers need to adapt ie robots not workers. The chinese will not touch any legacy car company if it means accepting the workers. Robots might even the playing field but, I doubt it. The chinese are very far ahead, years ahead. The unionized workers are toast im afraid, even the Tariff protected US kind, its just a delay as US buyers see what is avalible across the world while they have to put up with the stagnant/underwhelming crap on offer at home for ridiculous high prices.
I’m sure Packard and Studebaker thought they’d be around forever, given how successful they were in their time. The business case is weak for keeping some of these brands alive. If they survive it will be in smaller form.
Do you know the history of the Packers and Studebaker merger before you make that comment? Studebaker cooked the books when that merger happened. So the debts that Studebaker had sent the profitability of Packard to where Packard could not afford to produce any new models which would have brought in a white sizable prophet Studebaker couldn't produce any new models to deal with the new product coming out from General motors and Chrysler and Ford.. there's much more than what you described in your statement of Packard and Studebaker as failed automobile manufacturers
Secondly for many of these brands the business case is strong, what is occurring is the business management is weak. It's almost like we put these people in charge of industrial manufacturers and a lot of them appear to be incompetent or not really understanding what it is that they're building
@ absolutely. Their egos tend to be bigger than their knowledge base. I think Nissan will eventually be partnered with another Japanese brand and likely with the help of the government. If VW needs a bailout, the banks and govt will step in. I don’t think German politicians will allow the company to fail because it would look so bad. Stellantis however needs a wake up call. Daimler, Cerberus and Fiat all neglected Chrysler and even Dodge to some degree, by not putting any money in RD. Their products are antiquated and unreliable that it’s embarrassing. We all know they can do better when the brand matters to them. I say this as an owner of an Alfa Romeo Stelvio that has been a brilliantly good reliable car. I wish they had something interesting for me to purchase next.
@ I am well aware of the history of Studebaker and Packard. I have many books about their story. I’ve seen quite a few documentaries. I know that Studebaker dragged down Packard. The reality is, however, that Packard could not survive on its own, post war. Neither could Studebaker. Both of them were poorly managed after the war. The management at Packard wanted to kill off all the senior line cars and produce less expensive cars. Not necessarily the best tactic for what was once the most vaunted luxury brand in America. But if Packard was willing to merge with Studebaker, they saw the writing on the wall. They were desperate. Pre-war Studebaker and Packard thought they were going to be around forever. Packard motorcars made for the finest luxury cars in the world and were covered it around the world. Studebaker held their own against Ford and Chevy. Post war is a completely different story.
@tonyvargas368 Packard was managed fine just short of cash and lacking a Forward Plan when the war ended. GM Ford and Chrysler has after war plans. They would design things and vault them for future use. Packard needed a V8 to compete with Cadillac and Lincoln and Imperial. Straight 8s were too long and straight 6s while producing alot of torque didnt have the sales appeal of "V8". The smaller makers were all supposed to merge and create an alternate GM. Nash, Hudson & Kelvinator put their cards together and Walter Romney was the CEO. But personality differences prevented Stude Packard from merging with the new Rambler because Romney didnt like the guy running Stude. THAT right there is where the magic died. I believe his name was George Mason. Remove that guy and history will always wonder about that merger. Then you can also speculate what would have happened if Packard went to Henry Kaiser first before Studebaker. Hindsight is a B! In the. 1950s there were options. Mack and International were making light trucks. Budd was making vehicles under contract for Ford and Mack and St Louis Rail Car Co. It would have been possible knowing the market then for Packard to move down in scale to the Mercury, Buick, Chrysler style demographic and actually use Mack or Kaiser Jeep foe their truck line and even a relationship with Stutz for their premium class cars like Cadillac. This is really like a Multiverse of 20th Century post war US manufacturing. GM was killing it in the 1960s. Very curious to what a competitive Packard Stude AMC could have built in each class. They probably would have had to import designers from Europe. Imagine an Aston Martin dB5 the size of a 1970 Buick Riviera? Imagine a Jensen Interceptor the same size as a 1971 Plymouth Roadrunner. An Italian version of the 1969 Mercury Cougar XR7? A French version of the jet era 1960-1966 Thunderbirds?
Please please tell us Stellantis is going out of business. I work in the automotive industry. These new parts for the 2025 Ram are made from the cheapest junk material they can buy. Trying to get this material to run on the presses l operate at work is almost impossible. Even the Engineers run away when l call them out on the floor to help get this nighmare to run. I run more scrap than good parts. this material is so awful. Im stressed out from it & just wish it would go away now! So much so l have started looking for another job & this time l want NOTHING to do with automotive ANYMORE. PLEASE PLEASE LET THE DODGE RAM JUST DIE ALREADY! I would not buy one of those trucks even if it was with someone elses money. ITS THAT BAD!
Chrysler has more than one vehicle that they produce. They haven't been given any car to sell. Automobiles think about 3 to 4 to 5 years to engineer to research the design to source and develop. Every problem that Chrysler is going through now is a fault of still at his from 5 years ago. They didn't plan any extra models 42024 or 2025 this is incompetent management at the top. If you're selling cars you need product on the lot. Are you not having new cars to retail when you cancel your other vehicles means you don't know how to retail cars to Americans or you're trying to move production out of the United States or you're trying to replace Chrysler with one of those inferior European brands
How long do you think before vehicle manufactures quit making cars and just make Trucks and SUV's? I hardly ever see a new car where I live. All I see is some kind of pickup truck or all types of SUV's.
Incentives by RAM, they've so over inflated their MSRP's that these steep price cuts won't kill them. Rather, the garbage that is now Dodge, Chrysler, and a few of the Jeeps will. Jeep (will) and Ram (could) be picked up by another mfg. Nissan is a toss up if they'll survive.
Hmm, used EV! Kinda like playing musical chairs. What ducker is going to own it when the battery has to replaced? What is the 'all in" cost of a Rivian?
I shocked that they don't fill on RUclipsrs for this kind off clickbait. I remember getting my assssssssss handed to me for clickbaiting when i was a kid.
uHHHHHgggghhhhh,,, New Car Prices are going up because of...... Economies of Scale!!! how many times do I have to scream this?... The less you make of something.....the more it will cost you. ICE vehicle prices will only go up from here.... if they go down, the manufacturer will be losing much money.
@@gamingwitharlen2267 The more you make of something, the less 'Unit' price will be.... The less you make of something (after max amounts have been sustained) price per unit will go up.
It was my mistake for not closely defining .... 'Reversal....of Economies of Scale'... my bad... sorry I was saying this constantly because Ray keeps saying BEV prices are dropping like a rock because no one wants them... it's actually the reverse... Prices of parts for BEVs are dropping ave 50% each year and the magnitude of BEV manufacturing is growing now exponentially.... drops the cost (also mSRP) of each BEV. while the newly sold BEV most likely takes the place of a non-sold ICE vehicle, which makes quantity of ICE vehicles drop drastically making msrp climb like crazy. China is now the leader in exporting (dominating Japan who used to be the leader).... just in their BEVs.. ICE will die very quickly
Ford needs VW. VW needs Ford...... C'mon Ford, buy VW & you both can share expertise & platforms for your nameplates!!! Ford never should have divested themselves of Mazda!! P.A.G., yes, but Mazda was a stupid move!!
Now that Stellantis has dumped Tavares and brought Tim Kuniskis back and put him in charge of RAM and now they are bringing back the Hemi CDJR will not be going anywhere. They are also bringing back a smaller pick up like a RAM Dakota or something along those lines to compete in the mid range truck market.
It's wild! I was so criticized by my peers for giving up a job as a pre-owned manager at an Audi Dealer to go open a $0 Fee Used car lot focusing on late model 20% under msrp and subprime inventory.. I'm already loving my decision but every day it is making more sense. Great content as always!
I'm 76 and growing up in the 1950's my Dad had a Packard which was a Major Brand and made what seemed to be really good cars. I also remember other Majors like Studebaker, Nash Rambler, Hudson and DeSoto that relatives had. These were big well established Brands, but all are long gone and Chrysler just barely survived. I agree with Ray, there's no guarantee any Automaker, no matter how popular will always be around, we watched some of them fail, and go away in real time.
The most interesting scenario concerning the Subaru dealership is that everyone watching the news realizes that a customer was scammed and became so angry he retaliated. In other words, don't purchase a car from that Subaru dealership.
Recently visited a Subaru dealership. Ridiculous prices and ridiculous service.
Many, many automakers, too numerous to count over the decades. Some were terrific. Duesenburg, Cord, Auburn, Studebaker, Packard, Desoto. Some terrible too. Saturn, DeLorean are examples. Some recently too like Olds mobile, Pontiac, AMC (I think Chrysler owned it at the end and named it Eagle).
Igor is correct, these major auto manufacturers will never go out of business. One might be absorbed by another, but you will never see them go out of business. People do not understand the ripple effect if VW, Nissan, etc. were to go bankrupt. As we have seen when GM and DaimlerChrysler declared bankruptcy in 08', Governments will never allow that to happen as millions of people are employed in the industry. You would collapse the economy if a major auto manufacturer would go bankrupt and had no action to save them.
Daimler Chrysler didn't declare bankruptcy. By the time the Chrysler declared bankruptcy at the end of 2008 Daimler had already spun off the company and made off with the revenue of the company which was the reason why Chrysler had to file bankruptcy in the first place. They had no revenue because dimler stole it all.
Secondly, Nissan is already in a merger with Renault. That merger what happened in 1999. Now there were no Nissan merger also included another partner Mitsubishi motors in 2008 in 2008 so therefore it would be unlikely that Nissan would get acquired by anybody when they're already in a partnership right now.
Thirdly, there is no market for the brand called fiat. And a minimal market for the brand called Alfa romeo. If you actually do your research you will find in 2004 Fiat was bankrupt. And the Italian government tried to force General motors to acquire Fiat. Rick Wagner who was the CEO of General motors at the time told the Italian government if you make me by Fiat I will shut it down permanently for good could put goodbye! But somehow the Italian government bailed out Fiat in 2005 brought in Sergio marchione and he was a cost cutter but not actually an innovator so in 2008 it appeared that Fiat was a healthier company than Chrysler was which was never the case. So then Barack Obama still tells Chrysler that their business model is not profitable even though if you just take two cars out of their lineup the ram pickup truck and the Caravan minivan that would generate about 4 billion dollars in revenue for the company..
@@GalaxieMarauder I was a Contract Engineer from 1995-2008 when I was laid off from their Jeep and Truck Engineering facility in Detroit. Your analysis of why they went into Chapter 11 is completely inaccurate. A global recession, declining sales, and high gasoline prices lead to chapter 11 bankruptcy proceedings.
@RichE-p3v I didnt offer sn analysis into WHY they went bankrupt. I corrected your statement that "Diamler Chrysler filed bankruptcy". By December 2008 there was no Diamler as they had spun Chrysler off from them earlier in the year. And when they split they didnt do an 50/50 amicable dissolution. They took ALL the cash reserves and operating revenue. These are irrefutable facts. Then the company was purchased by Cerebrus Group, a pool of hedge fund idiots who didnt know how cash intensive car makers are. Then Cerebrus Group spun Chrysler off in a shallow attempt to merge with GM. But that failed because of internal issues with the UAW. GM filed bankruptcy to get out of his onerous pension/health care obligations to retirees. Chrysler filed bankruptcy for the same reason PLUS large of operating cash for new models.
THIS is why the Dodge Charger, Challenger and Chrysler 300 is based on a 1999 era Mercedes E420 sedan. The true marvel is how Chrysler Stylists and Engineers were able to make a BETTER CAR than what Mercedes did. Which was ALWAYS the reason why Mercedes shortchanged the Chrysler half of the company. They could build a better product with less effort. A global recession was due to housing market fraud, fuel prices werent high in 2008, and sales were declining because banks refused to lend to anyone without absolutely perfect credit or a cash downpayment. GMAC and Chrysler Financial and Ford Motor Credit and Toyota Motor Credit and all the rest couldnt sell their car loans for cash unless the buyer had a perfect credit rating.
I shall continue...
Perfect example- my residual on a 22 Wrangler 4xE was to be 42 at end of third year, its current value is 30
So $12,000.00 Discounts now, Dam, I feel bad for anyone who bought one a year ago, Way uncool, I heard at least 30% off of MSRPs coming for 2024.
It is a closed-end lease, you are not responsible for the Residual Values. Good deal if you want to buy the vehicle.
A friend's son passed away. Two Jeeps, a 2017 Wrangler, and a 2018 Rubicon went to auction for donation. The Jeeps looked great, but would hardly run because of engine problems. Expensive cars, when new, that were low mileage, and yet they would hardly run. So, who cares if Jeeps fails?
Y'all's ability to cover the same material everyday is commendable.
RAM will be fine. They just announced yesterday that Tim Kuniskis (former Dodge CEO who retired months ago), is coming back to lead RAM with the departure of Stellantis CEO, Carlos Tavares. Tim is the one who gave us the Hellcat and Demon. Now that they have run off the "green" Stellantis CEO, RAM is going to bring back the HEMI in the RAM 1500 and even Dodge is working on bringing back the V8 to their lineup in the new Charger.
It's about the 110th video you've made saying exactly the same thing why don't you just wait and make one when they actually do go out of business
People want new vehicles, but what happens when Vehicle Manufacturers lower MSRP next year by 20%.
Loan Institutions might request 20% of the loan paid up, because your upside down by so much money.
If you don't get gap insurance and total your vehicle will get 50% of the value.
I knew someone who leased a vehicle that didn't have gap insurance. They died and the cosigner was responsible for what the insurance company didn't pay off on the vehicle.
My suggestion is when buying a vehicle, get gap insurance is an absolute thing. GAP pays the full amount owed to the Loan Institution.
I think we will see many Auto Manufacturers go out of business on the next 5 years. I also think
It will be shocking the ones that do not make it.
Think of Nash, Packard, Pontiac, Oldsmobile, Studebaker, Hudson, Mercury, Kaiser…all gone during my lifetime. Many more before that if you go back to the very early days like Pierce Arrow and Hupmobile. I hope the companies now in the car business avoid the same fate.
And AMC
Saturn and Plymouth have also bitten the dust.
Ray on a roll today 😂😂😂
Ray is a meeting. First of all AMC never went out of business American motors was purchased by Chrysler in 1987. That's not going out of business the company was acquired by a larger competitor and then it began operating under the larger competitor's name Nissan is already in a relationship with Renault that happened in 1999. Mitsubishi also joined the Renault Nissan merger in 2008
Yeah, the cost of stopping a production line is astronomical. Energy, maintenance, things breaking, safety…you’d be surprised.
some of these were inevitable to be discontinued at some point due to falling sales reliability issues etc. Chrysler basically only makes 1 Vehicle at the moment the Pacifica minivan granted the most popular iteration of that was the Dodge Caravan/Grand Caravan which sold 3.64 million units in the US in 37 model years from 1984-2020 though there are sedans that have sold more than that by nearly 4x in the same period of time like the Toyota Camry Porsche 911 sells about 15,000 units in the US annually while a Hyundai Sonata for example sells between 35,000 and 70,000 per year in the US languishing in the bottom of the top 15 cars in its class where as even things like the Dodge Charger outsold it in 2023 by more than 35,000 units
Don't blame chrysler. Chrysler sells one vehicle because they only offer one vehicle. If they offered more than one vehicle. This is an example of mismanagement by Fiat and stellantis because they have no idea how to market cars to Americans or they're expecting to replace Chrysler and Dodge with their own cars which Americans have decided they do not like. Peugeot, fiat, Citroen were already in the United States Marketplace in the past and fail
Also the number of units that you sell doesn't really matter. What's important is that you can make profit on what you're selling. Chrysler already determined this way back in the days of the 1991 to 1993 Imperial they determine d is that the only needed to sell 20,000 units of the 1991 Imperial for that car to be profitable. Every car does not need to be as popular as the Toyota Camry do you have a place in the market. The Camry is a very profitable car for Toyota but it is one of the field of competitors timer the Hyundai Sonata the Dodge Charger in Chrysler 300 may not sell as many units as a Toyota Camry but they are still profitable which warrants their production
I love my 20 year old Hyundai with 254k miles
Love my Hyundai Tuscon… cheap and cheerful…worked for Gm for years..would never buy a GM product
Good shows, thanks. There are 2 brand new dealerships about to open in Albany, Oregon. A Subaru and a Hyundai . I guess everything is ok here? How can that be?
Should certified cars be inspected as well?
I’m looking to buy and I’m tryna see if I can go new or certified used
I could really benefit from you going live to make calls
GM dropped Pontiac and that was a dumb move.
Yep, & they should have kept Olds as the middle-ground for sensible buyers looking for a sensible, yet stylish vehicle that was a step or two beyond the 'pedestrian' Chevy offerings!!!
Well if Nissan would just put the gtr powertrain in a brand New Maxima chassis . They can take my money 💰. Instead they literally are making the maxima a EV 😂. Nissan literally made there entire buisness on the back of the 4DSC aka the Nissan maxima before they shoved a cvt transmission in it. The ones with the cvts are trash
What about Chrysler?
Are you looking at the Voyager or the Pacifica???
2:50 i was waiting for ray to say his uncle had a packard as well.or a lasalle.
My dad had a Nash rambler
Imagine, GM sits on Opel platforms, Holden and Daewoo, during the 2nd bail out by China, they made GM sell Daewoo Korea, Holden Australia, Opel Germany. Opel was picked up by Stellantis. Then the Charger and Challenger sit on Mercedes Benz. The Grand Cherokee last gen sat on the Mercedes ML and now the Alfa Romeo Stelvio. All the small jeeps sit on Fiat and the little Dodge Hornet the Alpha Romeo toe nail, junk box. Caddy’s sit on the same platforms as either the Holden Camaro, or Opel. They run little 3.6L 290hp engines. GM trucks use a 4 cylinder turbo as the base engine, their 5.3V8 and 6.2 V8 used cylinder deactivation and they are not reliable. Ford was sitting on Volvos, Mazdas but had to sell Mazda back to Maxda and China Geely bought Volvo and Jaguar Range Rover was sold to India Taa Taa Motors. When they make vehicles I picture them taking parts from every manufacturer and placing them in a bag, do the shake the bag and out comes the mix of made to fail. I had the Oldsmobile 2 door coupe with FE suspension, the Pontiac Lemans with the 350V8, Pontiac with the 400V8, I mean these seats were like 40,000 dollar couches and were so comfortable. The only way to tell one vehicle apart is by the giant grills. It is a competition of the grills today and Lexus, Hyundai are massive, the Tundra grill could cool a cow on it.
VW should have listened to Herbert Diess instead of firing him. They were worried about short term job loss, now they have bankruptcy on the horizon. When you put employees ahead of customers, bad times follow.
2:40 - West Philadelphia born and raised
On the playground was where I spent most of my days
Chillin' out, maxin', relaxin', all cool
And started sellin' cars after I graduated high school
When a couple of guys who were up to no good
Started making trouble in my neighborhood
I got in one little fight and my mom got scared
She said, "I want Yaa to start Car Edge with your future heir"
… I begged and pleaded with her day after day
But she packed my suitcase and sent me on my way
She gave me a kiss and then she gave me my ticket
I put my Walkman on and said, "I might as well kick it"
… First class, yo this is bad
Drinking orange juice out of a champagne glass
Is this what the people of Vent-nair living like?
Hmm, this might be alright
… But wait, I hear they're prissy, bourgeois, all that
Is this the type of place that they just send this cool cat?
I don't think so
I'll see when I get there
I hope they're prepared for the prince of Vent-nair
… Well, the plane landed and when I came out
There was a dude who looked like a cop standing there with my name out
I ain't trying to get arrested yet, I just got here
I sprang with the quickness like lightning, disappeared
… I whistled for a cab and when it came near
The license plate said, "Fresh" and it had dice in the mirror
If anything I could say that this cab was rare
But I thought "Nah, forget it, yo, holmes to Vent-nair"
… I pulled up to the house about seven or eight
And I yelled to the cabbie, "Yo holmes, smell ya later"
I looked at my kingdom
I was finally there
To run a RUclips channel with Zach so be prepared
If it breaks in half, you get to keep both halves.
I think jay Leno will gobble them up and make a monster boutique car company!
Car dealer for 30 years and sold thousands of cars and trucks. Now retired I dont miss the car business at all.😊
You didn't mention DeSoto.
LOVE MY GLADIATOR!
black on black fully loaded $19K off sticker!
@@noname-dx8ftwhat was your otd price
@@joelmora2826 so i traded my 2017 BLACK V6 Manual} mustang [bought it used with 14K mi on it in 2019 for $16K cash] they gave me $20K with 33K mi on it; OTD was $40K [$20K cash included taxes and fees.} Sticker was $55.9 plus $2K Mark-up;36.7 was the price of the Gladiator.
Totally hilarious comment noname! Love the troll!
Did you say: Glad you ate her?
Seems like consumers are taking matters into their own hands. A very disturbing trend. That horrible situation is NYC and a lunatic in Utah. Wow a car purchase gonna probably put this guy in long term incarceration
What about Pontiac and Saturn
Could it be that Volkswagen has high incentives because the 2025 models have been updated and they want to move the 2024s; of course. VW isn't going out of business.
lol I wouldn’t touch a 4K Subaru. 😂
Mechanical issues and still decided to sell it. It's on them because of the negative publicity of you selling a piece of junk to a dude that didn't have any money. They shouldn't have sold that car they could have made more money pardon that car out or wholesaling into somebody who could fix it at a buy here pay here place. But I wouldn't have sold that car to know economically depressed customer
Scale production down prices go up.
"I will be buried in my 94 Celica before a buy a new car" - Scotty K
Scotty K is not keeping up with the time IMHO
@@josephstone2280 With a 94 Celica, there is no need
I think some fresh air is needed here. The US & Euro car makers need to adapt ie robots not workers. The chinese will not touch any legacy car company if it means accepting the workers. Robots might even the playing field but, I doubt it. The chinese are very far ahead, years ahead. The unionized workers are toast im afraid, even the Tariff protected US kind, its just a delay as US buyers see what is avalible across the world while they have to put up with the stagnant/underwhelming crap on offer at home for ridiculous high prices.
Hey if Pontiac the makers of the Trans Am & GTO can go out of business than ANY car brand can & will fail and go away.
I’m sure Packard and Studebaker thought they’d be around forever, given how successful they were in their time.
The business case is weak for keeping some of these brands alive. If they survive it will be in smaller form.
Do you know the history of the Packers and Studebaker merger before you make that comment? Studebaker cooked the books when that merger happened. So the debts that Studebaker had sent the profitability of Packard to where Packard could not afford to produce any new models which would have brought in a white sizable prophet Studebaker couldn't produce any new models to deal with the new product coming out from General motors and Chrysler and Ford.. there's much more than what you described in your statement of Packard and Studebaker as failed automobile manufacturers
Secondly for many of these brands the business case is strong, what is occurring is the business management is weak. It's almost like we put these people in charge of industrial manufacturers and a lot of them appear to be incompetent or not really understanding what it is that they're building
@ absolutely. Their egos tend to be bigger than their knowledge base.
I think Nissan will eventually be partnered with another Japanese brand and likely with the help of the government.
If VW needs a bailout, the banks and govt will step in. I don’t think German politicians will allow the company to fail because it would look so bad.
Stellantis however needs a wake up call. Daimler, Cerberus and Fiat all neglected Chrysler and even Dodge to some degree, by not putting any money in RD. Their products are antiquated and unreliable that it’s embarrassing. We all know they can do better when the brand matters to them. I say this as an owner of an Alfa Romeo Stelvio that has been a brilliantly good reliable car. I wish they had something interesting for me to purchase next.
@ I am well aware of the history of Studebaker and Packard. I have many books about their story. I’ve seen quite a few documentaries. I know that Studebaker dragged down Packard. The reality is, however, that Packard could not survive on its own, post war. Neither could Studebaker. Both of them were poorly managed after the war.
The management at Packard wanted to kill off all the senior line cars and produce less expensive cars. Not necessarily the best tactic for what was once the most vaunted luxury brand in America. But if Packard was willing to merge with Studebaker, they saw the writing on the wall. They were desperate.
Pre-war Studebaker and Packard thought they were going to be around forever. Packard motorcars made for the finest luxury cars in the world and were covered it around the world. Studebaker held their own against Ford and Chevy. Post war is a completely different story.
@tonyvargas368 Packard was managed fine just short of cash and lacking a Forward Plan when the war ended. GM Ford and Chrysler has after war plans. They would design things and vault them for future use. Packard needed a V8 to compete with Cadillac and Lincoln and Imperial. Straight 8s were too long and straight 6s while producing alot of torque didnt have the sales appeal of "V8".
The smaller makers were all supposed to merge and create an alternate GM. Nash, Hudson & Kelvinator put their cards together and Walter Romney was the CEO. But personality differences prevented Stude Packard from merging with the new Rambler because Romney didnt like the guy running Stude. THAT right there is where the magic died. I believe his name was George Mason. Remove that guy and history will always wonder about that merger. Then you can also speculate what would have happened if Packard went to Henry Kaiser first before Studebaker. Hindsight is a B! In the. 1950s there were options. Mack and International were making light trucks. Budd was making vehicles under contract for Ford and Mack and St Louis Rail Car Co. It would have been possible knowing the market then for Packard to move down in scale to the Mercury, Buick, Chrysler style demographic and actually use Mack or Kaiser Jeep foe their truck line and even a relationship with Stutz for their premium class cars like Cadillac. This is really like a Multiverse of 20th Century post war US manufacturing.
GM was killing it in the 1960s. Very curious to what a competitive Packard Stude AMC could have built in each class. They probably would have had to import designers from Europe. Imagine an Aston Martin dB5 the size of a 1970 Buick Riviera? Imagine a Jensen Interceptor the same size as a 1971 Plymouth Roadrunner. An Italian version of the 1969 Mercury Cougar XR7? A French version of the jet era 1960-1966 Thunderbirds?
Please please tell us Stellantis is going out of business.
I work in the automotive industry.
These new parts for the 2025 Ram are made from the cheapest junk material they can buy.
Trying to get this material to run on the presses l operate at work is almost impossible.
Even the Engineers run away when l call them out on the floor to help get this nighmare to run.
I run more scrap than good parts. this material is so awful.
Im stressed out from it & just wish it would go away now!
So much so l have started looking for another job & this time l want NOTHING to do with automotive ANYMORE.
PLEASE PLEASE LET THE DODGE RAM JUST DIE ALREADY! I would not buy one of those trucks even if it was with someone elses money.
ITS THAT BAD!
Jaguar, Nissan, Volkswagen group, Stellantis will all be either out of business or be absorbed into other brands within the next 3 years !!
my beloved alfa romeo looks to be in sad shape too stellantis is such a nightmare :(
Even when they are part of just Fiat back in 2011 and 2014 the company delayed its entrance into the United States by 3 years for no reason.
The auto manufacturing scene has matured too much for any of the big players to disappear now. It was different in the 40s/50s
Chrysler has one vehicle that they produce.
Chrysler has more than one vehicle that they produce. They haven't been given any car to sell. Automobiles think about 3 to 4 to 5 years to engineer to research the design to source and develop. Every problem that Chrysler is going through now is a fault of still at his from 5 years ago. They didn't plan any extra models 42024 or 2025 this is incompetent management at the top. If you're selling cars you need product on the lot. Are you not having new cars to retail when you cancel your other vehicles means you don't know how to retail cars to Americans or you're trying to move production out of the United States or you're trying to replace Chrysler with one of those inferior European brands
Don’t believe any word these fathers and son share with any of us
We thought Pan Am would be around forever.
That’s shocking news, From the old guy with out a stye in his eye and Zach that has!
How long do you think before vehicle manufactures quit making cars and just make Trucks and SUV's? I hardly ever see a new car where I live. All I see is some kind of pickup truck or all types of SUV's.
live?
Incentives by RAM, they've so over inflated their MSRP's that these steep price cuts won't kill them. Rather, the garbage that is now Dodge, Chrysler, and a few of the Jeeps will. Jeep (will) and Ram (could) be picked up by another mfg. Nissan is a toss up if they'll survive.
VW will i suspect be nationalzed before failure - go to Wolfsburg and you would see why
Also Suzuki In US has gone
VW is an automotive giant. It is #1 every couple years. I'm not a fan, but it's #1 or #2 in vehicles every year.
AMAZON is comingggggg!!!!
Hmm, used EV! Kinda like playing musical chairs. What ducker is going to own it when the battery has to replaced? What is the 'all in" cost of a Rivian?
EVs are the future according to the politicians who push this and automakers fell for it.
Without bringing American car prices down to Chinese cars prices American cars doomed
BS! These manufacturers are not going out of business.
Ram isnt going anywhere. They'd drop fiat or Chrysler first
I shocked that they don't fill on RUclipsrs for this kind off clickbait. I remember getting my assssssssss handed to me for clickbaiting when i was a kid.
New RUclips unfortunately. 💩
Mopar extended warentee
Sorry I am an idiot, I didn't meen to send this
Another day of doomsday bring back Pontiac
Steal-lantis and Naughty Nissan
I am here looking for budget friendly cars from china b y d come to canada please
Delete me
Delete Me means I bug out. I spend enough on YT subscriptions not to have to hear a hard sell, bye.
Nothing but negative videos on you tube. It’s getting old. Maybe try posting something positive sometime.
uHHHHHgggghhhhh,,, New Car Prices are going up because of...... Economies of Scale!!! how many times do I have to scream this?... The less you make of something.....the more it will cost you. ICE vehicle prices will only go up from here.... if they go down, the manufacturer will be losing much money.
Do you not know what economies of scale mean? It means economies that make a lot of something, so that each something costs less to make individually.
@@gamingwitharlen2267 The more you make of something, the less 'Unit' price will be.... The less you make of something (after max amounts have been sustained) price per unit will go up.
It was my mistake for not closely defining .... 'Reversal....of Economies of Scale'... my bad... sorry I was saying this constantly because Ray keeps saying BEV prices are dropping like a rock because no one wants them... it's actually the reverse... Prices of parts for BEVs are dropping ave 50% each year and the magnitude of BEV manufacturing is growing now exponentially.... drops the cost (also mSRP) of each BEV. while the newly sold BEV most likely takes the place of a non-sold ICE vehicle, which makes quantity of ICE vehicles drop drastically making msrp climb like crazy. China is now the leader in exporting (dominating Japan who used to be the leader).... just in their BEVs.. ICE will die very quickly
Wait 30 days “ as the car industry just shocked the whole industry- by never doing these 10 things - why I’m leaving and selling my truck -
Ford needs VW. VW needs Ford......
C'mon Ford, buy VW & you both can share expertise & platforms for your nameplates!!!
Ford never should have divested themselves of Mazda!! P.A.G., yes, but Mazda was a stupid move!!
Stop crystal balling about the future and who is going out of business! You DON’T KNOW!! Don’t manufacture rumors!!
I went to your site to find invoice price but you want my email so you can hound me for my business .So it is not free like you say .
Now that Stellantis has dumped Tavares and brought Tim Kuniskis back and put him in charge of RAM and now they are bringing back the Hemi CDJR will not be going anywhere. They are also bringing back a smaller pick up like a RAM Dakota or something along those lines to compete in the mid range truck market.